Managing money presents challenges for many individuals, primarily when little to no education is provided on financial literacy throughout childhood or as an adult. Personal financial management may be even more difficult to champion for those struggling with mental health concerns.
One of the most important lessons parents can pass along to their children is the power of money and how it works in the real world. Proper financial management skills are a must as an adult, but it is common for parents to shy away from talking about finances openly and honestly with their kids.
Over the last few years, interest rates have been fluctuating up and down a lot. Most consumers consider a rise in interest rates by the Fed harmful to their financial lives since it means the cost of borrowing increases. Interest rates on auto loans, mortgage loans, personal loans, and credit cards all go up when […]
To fully embrace Black History Month, it may be beneficial to take a step back to understand how racial disparities in the United States have wreaked havoc on black and brown families and their financial lives. According to research published in 2016, the gap between black and white families was tenfold.
Over the years, technology-focused fads come and go, sometimes creating a buzz that is more hype than anything else. But in some rare cases, a shiny, new application, tool, or software brings a wave of excitement that is difficult to ignore.
Budgeting has gotten a bad rap. It’s not all about reusing paper towels and stockpiling money under the mattress. It’s definitely not about depriving yourself, as many people believe. Instead, budgeting is all about telling your money where to go so you won’t wonder where it all went. Here’s how to get started.
It can be devastating to have your loan application denied, but it’s not uncommon. While it may be difficult to accept and adjust in the moment, getting turned down for a loan is a situation where you’re able to make lemonade from lemons – if you know what to do next.
When you’re trying to save money it’s important to know that you have many options to choose from. Most of us know about the traditional savings accounts offered by our local bank or credit union, but are there others?
When someone opens an account of any sort at a credit union, they are in essence given a small membership interest in that credit union, and are as a result, a shareholder. This is more commonly known as being a member of the credit union.
Several moving parts come together to create a healthy, sustainable financial life. To be successful in this arena, though, you have to start with the basics and build from there. One foundational piece of the personal-finance puzzle is an emergency fund.