Much of what we do day-to-day is driven by habit. Like with other bad habits that could bring you down, bad financial habits can also cause harm and frustration. Whether it’s paying thousands in interest or fees, having zero cash for emergencies, or damaging your credit score, poor financial habits need to be addressed and corrected.
Setting and achieving goals is important in all areas of your life, whether financial or not. The challenge is not so much in creating goals but actually fulfilling them. Whether it’s a New Year’s resolution or a random Tuesday, starting on the path of a new goal is much easier than making the trek to the end.
Life is full of surprises. While some of these might be pleasant, you're also likely to experience those that can put you in a financial jam. An emergency fund can help protect your financial health in the event the unexpected happens.
The snowball method, founded by Dave Ramsey, a personal finance expert, is a common type of debt repayment method. It's a debt-reduction strategy where you prioritize your debt from paying the smallest balance first and work your way to your largest balance.
Creating a budget can often seem so complex. The more complicated it seems, the less you might be to make the effort. Unfortunately, you need a budget to help keep your spending in check and to ensure progress toward your short and long-term financial goals.
Spring cleaning your home is probably not new to you. You declutter the garage, clean windows, wipe down baseboards, clear out your basement, and more. But, what about your finances? It pays to spend some time spring cleaning your finances too. Below are seven ways to get your finances in order.
In this day and age, it’s very easy to fall into the category of ‘living beyond your means’. With everyone sharing their lives through social media, it’s simple to get caught in the trap of wanting more than you need. Combine this trend with the ease of spending money, especially online, and it’s the perfect formula for spending more than you can afford.
While some surprises are wonderful, not all are quite as welcome... and that includes unexpected expenses. Whether it's a car repair or a medical bill, a leaky roof or a lost job, emergency expenses can take anyone by surprise. Chances are high that you'll experience the stress of an emergency expense at some time in your life.
Saving money is hard, especially when the majority of Americans are living paycheck-to-paycheck. It's a sobering statistic considering most American households are labeled as middle class. Some families have dealt with an unexpected situation that has caused them to fall behind financially.
Before the pandemic, most employers shunned the idea of their staff working from home. Fast forward a year, and many employees are happy to find this arrangement may become more permanent. Working from home provides many perks, including a slew of financial benefits you should capitalize upon immediately.
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