Personal Finance

articles about personal finance and investing.

Investors and homebuyers sometimes go for foreclosed properties as it allows them to buy properties at a fair price. As much as you can find foreclosed properties with decent prices than newly listed properties, they come with pitfalls. Below are the pitfalls to watch out for when buying foreclosed...
Debt consolidation is refinancing your old credits, where a lender merges multiple credits into one loan and repays off the old debts. You will end up with one loan with new terms from one lender only. While debt consolidation has its advantages, like allowing you to have lower interest and...
The first step towards financial freedom is organizing your finances and setting up a budget. Fortunately there are plenty of applications that can work with your financial accounts to help you keep track of where your money is going. These apps can help you set up a budget, track your...
As you grow older and become more independent, you realize that your physical health is not the only thing that matters. A healthy financial life helps alleviate your stress levels and promotes a more stable lifestyle. Although there is no specific score or number that measures our financial health, it’s...
Life isn’t fair when it comes to money. Some people have a ton of cash while others struggle to just scrape through every month. When every other brand is trying to sell something to us, the urge to spend our way to social acceptance keeps going north every passing day....
If you are lucky enough to have a job amid this pandemic, there is a likelihood that you are still with the work from home (WFH) measures many companies are still practicing. One of the secrets to success when working from home is investing in a comfy and relaxing...
If you have started your investment journey, you already have a few investing avenues- like mutual and index funds. Today we will focus on index funds, and are they a good investment choice for a beginner? To start, index funds are a form of Exchange Traded Funds (ETF) or Mutual...
Americans are more satisfied than ever about their personal finances, according to a quarterly report by the American Institute of CPAs (AICPA).  The institute’s Personal Financial Satisfaction index reached an all-time high of 40.2 in the fourth-quarter of 2019, after plummeting to a record low in the prior quarter.  Personal Finance...
When people talk of income, either from providing services, selling products, or their investments, they rarely think of the different income types. When we think of the different types of income, it's quite common for one to get confused. First, there are two types of income, disposable and discretionary income....
In one way or another, the Coronavirus is affecting lives across the globe. One of the most affected areas during this pandemic is the global economy, with experts expecting the global GDP rate to shrink by 5.2%. According to the World Bank, this is the deepest recession we’re experiencing...
Regardless of how your retirement plan pans out due to Covid-19, the truth is that you still have to plan for retirement. Why, because the dynamics of retirement planning have changed over the decade. While the current pandemic might play a role, other factors have changed retirement planning over...
There are many investing decisions to make as an investor, especially when it comes to what investment strategy suits you. One of those debates will hinge towards the individual stocks vs. equity funds argument. Which one of these is best for you? For starters, what's the difference between individual stocks...
It’s tax season in the U.S., and the IRS wants to know if you sold or bought any cryptocurrencies in 2019.  For the first time, the IRS will ask if “At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual...
Whenever an investing conversation occurs, your portfolio manager or financial advisor will probably mention the words “risk profile.” Even in companies, investors are always talking about the risk profile of the companies they are interested in. So, what is a risk profile? What’s a Risk Profile A risk profile is an...
Who doesn't like a good free app? Anything that gets you closer to saving more every month by helping you reduce how much you spend it's great, as long as it brings joy and happiness into your life. Here are personal finance apps free at your disposal that you should consider...
It is no secret that the Covid-19 pandemic has disrupted every aspect of our lives, leading to the loss of jobs and businesses' closure. One silver linings are how people have discovered the need to be self-employed or build multiple revenue streams. Many people have started businesses with all...
A blend / blended fund is an ETF or mutual fund investment that gives investors a chance to invest in value stocks and growth stocks. It’s one of the best investment strategies that allow you to diversify your portfolio, rather than investing in one of the strategies. Growth vs. Value...
Investing your money and becoming financially independent begins with one simple step: saving money.  With a little bit of discipline and planning, you can easily save money on a daily basis. There’s no need to wait for your next paycheck or bonus. With these simple tips, you will be well...
As an investor, sometimes seeking the advice or investment support of an experienced professional can help your investment journey. Among the available financial professionals, the difference between investment advisors and brokers confuse a lot of investors. Although both seem similar, the two professional fields are different; they operate under...
It’s time to stress test your personal finances! With the current ongoing pandemic and economies taking a toll since the last recession, now is the right time to confirm where you stand. Financially speaking, that is. Stress testing is not a new practice. Banks and financial institutions embraced this practice...
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