A basic budget provides you with a plan to implement, should a financial emergency strike and you must limit your spending only to your most basic needs.
by Pam HillOkeeba Jubalo is the Founder and CEO of Okeeba Jubalo Fine Art Gallery, located in North Charleston, South Carolina, and is known as the South’s premier African American fine art gallery. As a special guest on Culture Meets Money, Okeeba Jubalo discussed how people could invest and profit from fine art.
by Nailah HerbertCryptocurrency has become increasingly popular over the years. It has experienced many technological advances and had many ups and downs. During its peak, many people were investing in Bitcoin, Ethereum, and other altcoins. Although cryptocurrency had an initial purpose, the current market does not reflect its intentions, which is why some believe its real value was never $3 trillion.
by Matin VarshochiThe idea of having children can be sweet when you think about all the special moments like the cuddles, hugs, and kisses. But the reality of having children is that they are a huge responsibility, especially regarding your finances, as a recent estimate says caring for a child costs $300,000.
by Matin VarshochiAppreciating and depreciating assets both serve an important role in your financial portfolio. Knowing the difference between the two and how to use each one to its greatest effect can maximize their value as you build your wealth.
by Pam HillOne of the simplest ways to secure financing is through a line of credit. The application process for lines of credit tends to be quicker and less involved than for other types of financing such as business loans, personal loans or mortgages.
by Pam HillThe Coronavirus pandemic caused financial uncertainty for individuals and businesses. Some companies laid off employees to cut costs and maintain revenue.
by Matin VarshochiOn August 12, 2022, the Inflation Reduction Act was introduced. The Act determined the Internal Revenue Service (IRS) should receive an additional $80 billion over the next ten years to help with tax enforcement on high-net-worth individuals.
by Matin VarshochiFinancial decisions like purchasing a cell phone or applying to rent an apartment or house will require you to have your credit score in good standing. A low credit score can also allow lenders to charge you a higher upfront cost or pay more money because you aren’t considered creditworthy.
by Matin VarshochiThe current school curriculum does not have any courses which discuss financial literacy. As a result, some states have begun implementing financial literacy courses into the curriculum, which will go into effect in 2023.
by Matin VarshochiIn a report released by the National Bureau of Economic Research (NBER), it was seen that the GDP level had reduced a second time, which is the usual indicator of a recession. However, despite the data showing a reduction in consumer spending, the NBER has announced they believe the economy is not in a recession.
by Matin Varshochi