Very often when people think of banks, they mistakenly assume that these big almost ‘legal’ institutions are looking out for them and their savings. This is a fallacy. Banks don’t care about you. They care about your money.
Interest is one of those topics that we often hear about when discussing financial planning. It usually seems more complicated than it actually is… and often, it’s hyped up far more than it should be.
There are several different types of income, and tapping into the power of these different income streams will not only increase your wealth but will also secure your financial future effectively.
In this article, you’ll discover how to calculate your net worth in 3 short steps.
Financial stress can arise for many reasons, but the most common one is when you’re in debt and feel overwhelmed. It’s as if no matter what you do, you can barely keep your head above water.
An emergency fund is a savings fund that ideally can cover 3-6 months of your living expenses. For those who want to be even more careful, you can aim to build an emergency fund that’s about 12 months’ worth of income.
The current state of your personal finances is a reflection of your financial health. There are several factors to consider when deciding if you’re financially healthy or weak.
If you’re in debt or you have no idea where your money is going every month, you definitely need a budget. In fact, when it comes to personal finance, a budget is the most basic and effective tool that you must have in your arsenal – and you must use it.
At its core, financial planning is a game, and just like any game, there are rules you need to follow if you wish to win. That said, there will be odds against you and unforeseen obstacles may rear their ugly heads.
In this article, we’ll look at 5 common financial planning mistakes which will impede your progress. Being aware of what they are is crucial to ensure that you save up a sizeable nest egg, and have enough money to last you into your golden years.