Merely hearing the word “recession” causes most people to react with utter fear. I was a stockbroker during the Great Recession of 2008 and saw how dreadful it was for investors. While that fear is palpable, and we can't predict the future, there will always be economic booms and slumps. The … [Read more...] about How to Prepare for a Recession: 6 Steps to Take Now
The “B” word can be intimidating, causing many people to resist learning how to make a budget until well into adulthood. But today, free tools and apps make budgeting for beginners and experts alike, easier.
Browse our list of the best ways to learn how to make a budget and stick to it. You’ll find freedom comes with knowing how to track your expenses and make smart spending decisions. Start today!
How to Save $500 a Month: 10 Ways to Save More Money Now
Saving money is an essential part of financial stability. Reducing your spending helps you work towards achieving your short and long-term goals. However, you might think that you can't lower your monthly bills or amass significant savings. Fortunately, it's possible to do both of these things if … [Read more...] about How to Save $500 a Month: 10 Ways to Save More Money Now
How Much Should Your Car Payment Be?
When you are buying a car, there are multiple factors to consider. From make and model to miles per gallon and more, the process of figuring out which vehicle to purchase can be stressful. However, throwing finances into the equation can make it even more overwhelming. Fortunately, … [Read more...] about How Much Should Your Car Payment Be?
What if I Can’t Pay My Bills This Month?
We all face challenging financial circumstances from time to time. Whether it's mountains of debt, or having no emergency fund to manage a crisis, difficult times cause stress. Many Americans can relate. In fact, LendingClub found that, as of the end of 2021, over 60 percent of Americans live … [Read more...] about What if I Can’t Pay My Bills This Month?
How to Budget When You’re Broke
Living on a budget can help you stay on track financially. However, you might think budgeting is too difficult if you have limited resources. Thankfully, it's not as hard as it may seem. This guide can show you how to wisely manage your money even if you earn minimum wage or are facing dire … [Read more...] about How to Budget When You’re Broke
How to Write A Check in 6 Simple Steps
My first job out of college was working at a bank, and I was surprised at how often I was asked how to write a check. Since I got my first checking account when I was 15 and knew exactly how to fill out a check correctly, I had no problem answering that question. In those days, checks were a common … [Read more...] about How to Write A Check in 6 Simple Steps
11 Recommended Budget Percentages By Category: How Much Should You Spend?
One of the best ways to reach your money goals is to follow a monthly budget. While people often believe budgeting is restrictive, it can create freedom when done wisely. The key is using a simple formula. For example, Dave Ramsey provides a roadmap to being successful with your money through his … [Read more...] about 11 Recommended Budget Percentages By Category: How Much Should You Spend?
33 Signs You’re Financially Stable
I remember the trip to Target like it was yesterday. My wife and I were trying to decide between dental floss and aluminum foil. As newlyweds who were still paying off my debt, we had no breathing room. We were not the picture of financial stability. Being financially stable means one thing – … [Read more...] about 33 Signs You’re Financially Stable
10 Mint.com Alternatives: Top Picks to Manage Your Money
Personal finance apps like Mint make it easy to see exactly how you're spending your money while tracking your savings progress. Even though Mint is an effective budgeting app, you may prefer a different budgeting style or set of features that make it easier to create a spending plan and monitor … [Read more...] about 10 Mint.com Alternatives: Top Picks to Manage Your Money
10 Proven Ways to Pay off Debt Faster This Year
We're a nation that loves debt. According to CNBC, the average American has $26,000 in debt (not including their mortgage). High-interest debt can be suffocating and prevent you from reaching your financial goals. If you're underwater, financial freedom feels like it will take too long to … [Read more...] about 10 Proven Ways to Pay off Debt Faster This Year
The 4 Gift Rule: What It Is and How to Use It This Christmas
Buying gifts for your kids can be a challenge. You want to give them presents they'll enjoy, but you don't want to overwhelm them or overspend. The average American spent roughly $1,000 on holiday shopping in 2020. Without a plan for what Christmas presents your children want, it's easy to … [Read more...] about The 4 Gift Rule: What It Is and How to Use It This Christmas
How to Save Money on A Tight Budget
It's easy to get caught in the trap of having no money left at the end of the month. I faced that situation for years while I was paying off debt. If you regularly encounter a similar situation, there is a way out. You can save money on a tight budget and pursue financial stability. The basics of … [Read more...] about How to Save Money on A Tight Budget
