The difference between defining something as a need or a want can mean the difference between a blown budget or a healthy savings account. These terms seem so simple and easy to understand, but all too often, we blur the lines. When you say you “need” something, it should mean that you literally can’t continue […]
Inflation is the rate at which the prices of goods and services rise over time. This phenomenon may seem like a plan hatched by an evil mastermind, but inflation isn’t necessarily a bad thing. It’s generally a sign that the economy is growing — and during your working years, you can usually expect your wages […]
Reading through the email, I had a difficult decision to make. Not showing it to my son would save him some disappointment, but making him aware of it could be an invaluable financial lesson. My son is saving his money to buy a new monitor for his gaming computer, but is currently getting by with […]
Receiving a lump sum of money is something you think will never happen to you — until it does. And though it will often be due to unfortunate circumstances, like a death in the family, you’ll still have to know what to do with it. A family member recently gifted me $6,000, which was one […]
We can all agree that living paycheck-to-paycheck is not an ideal situation. And it’s just as obvious that individuals doing this still need to save their money and build a financial cushion so they can finally feel secure. Unfortunately, the basic rules of saving money are simple but not easy — particularly if you’re already […]
At first glance, saving money seems pretty generic. It’s not as complex as other financial processes like buying a house, working the stock market, or filing income taxes. But when you dig into it a little more, you realize that how a person saves money says as much about them as any other expression of […]
