Interest rates affect your financial decisions, especially when it comes to saving money. It’s the percentage of principal balance earned from deposit accounts or the amount of money that the lender charges. The Federal Reserve changes the interest rates based on the current situation of the economy to achieve ideal …

There are several reasons why you should start saving money as a teenager. Not only does it allow you to have more control over your finances but it also teaches you how to balance your income and expenses. In this personal finance guide, we’ll discuss how to start saving money …

Paying attention to interest can help you make the most out of what you earn. There are two main types of interest called simple and compound interest. Simple interest is easier to calculate than compound interest as it’s based only on the money borrowed. Understanding the way this type of …

You already know that preparation and planning are critically important, especially when it comes to your personal finances. It surprises you pleasantly when things go better and allows you to manage difficult situations easily. Murphy’s law is also about unexpected financial situations. In this article, we’ll discuss how this law …

Saving money can sometimes be difficult, but developing strategies, doing some important research on big purchases or large bills, and looking over your budget can really assist you when it comes to trying to save some money or reduce the flow of money that leaves your bank account every month. …

A personal financial plan can be the key to a more secure and prosperous future. It allows you to find new ways to increase your wealth and take care of your finances better. In this article, we’ll discuss how to make a comprehensive personal finance plan so that you can …

Saving money is the most important part of achieving financial freedom. It allows you to prepare yourself for difficult situations and manage unexpected expenses easily. However, it can be hard to save money for most people. In fact, less than 50 percent of the US population has $1,000 in cash …

The habits that you develop in your 20s follow you throughout your life. The biggest changes, such as getting married and establishing a career, take place in this stage of life. Additionally, the decisions you make in your 20s can have a permanent impact on your financial future too. You …

Money and finance are a big part of adult life. Though not everyone is financially literate, most people know at least a few of the most common money-saving tricks and employ them in their day-to-day life.  What can sometimes make the difference, however, is having access to important knowledge. In …

Living frugally is a lifestyle to some people, and a necessity for others. Whatever your reasons for living frugally, certain decisions can have a really big impact on your life if you execute them the right way. Whether that’s repairing a car yourself or managing to save 10% of your …