No matter the situation, it is good to have some money on hand. Sinking funds and an emergency fund are good strategies to make sure that happens. Find out the difference between the two.
by Shaun MorganIf you're tired of holiday debt, it is time to start using strategies to avoid it. One of the most powerful strategies to avoid holiday debt is the sinking fund. Learn more here.
by Shaun MorganPayday loans have been around since the early 1930s. However, payday loans have become increasingly popular, especially among Generation Z. But despite their popularity, it’s important to note that payday loans have high-interest rates that could lead borrowers into debt.
by Sha'Kreshia TerrellA 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 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 HillIf you find yourself routinely having more month than money, then it may be time to embrace a more structured budgeting approach by starting from zero, zero-based budgeting, that is.
by Pam HillFor a second straight quarter, the gross domestic product (GDP) of the United States fell, the typical definition of a recession. Due to the rising fears of a recession, companies have reduced their job openings, and there is a possibility some people will be getting laid off in the near future.
by Matin VarshochiIf you have decided to attend college, you will likely have to make many significant life choices before graduation. Below are some money management techniques that can help you save money and improve your financial situation.
by Nailah HerbertThe 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 VarshochiAttending college is an important milestone. While in college it’s a must to establish a great financial mindset. According to a study by Ohio State University, more than 70 percent of college students reported feeling stressed about their finances.
by Matin Varshochi