Personal Finance

Perhaps no industry has been hit harder by the ongoing COVID-19 pandemic than restaurants. Many have closed outright, leaving hundreds of thousands (if not millions) of people out of work. For those fortunate enough to stay open, most have turned to exclusively offering curbside pickup or even delivery. The sales generated from these transactions help… Read More

We are currently in unprecedented times. In the midst of a global pandemic, the United States has been hit very hard by the spread of COVID-19. Business are closed, as are schools. The effects of this virus are far-reaching; not only with public health in jeopardy, but our collective financial well-being too. Many parents face… Read More

The financial services provider, Primerica, created what they call a Financial Security Scorecard. The scorecard consists of five behaviors or actions that people can, and should, take in order to better secure their financial futures. The idea behind it is if people do all five things, they are more likely to grow their wealth over… Read More

You might hear financial advisors talking about emergency savings, sometimes referred to as a “rainy day fund”. This is money that you have safely tucked away in a bank that can be used as soon as you need it, for surprise expenses – health emergency, car repairs, etc. Unfortunately, for too many people in the… Read More

A lot of smart people have poured countless hours and resources into financial literacy programs over the years. Whether those programs target adults or children, the goal is to increase the financial literacy, and improve the financial habits, of those they teach. However, a 2014 paper found that interventions to improve financial literacy have almost… Read More

You may have heard the term “predatory loan” before. But do you know what it means? A predatory loan is any loan where the terms are more beneficial to the lender than the borrower. For example, they may have very high interest rates or unreasonable expectations regarding the payback schedule. And even though there are… Read More

Charles Schwab runs an annual survey to calculate their Modern Wealth Index. Essentially, they ask people to define what it takes to be wealthy in America. Answers regarding how wealthy people spend their time and how they live their life are included. Those surveyed are also asked how much money it takes to be financially… Read More

It’s been frequently reported of late that millennials, those born roughly between ’78 and ’95, are not buying homes at the same rate as previous generations. And there has been much debate offered as to the reasons for that. A new study by Bank of America finds that, counter to the popular wisdom behind this… Read More

Rich people have always been able to afford to pay for the best financial advice available. That is part of the reason why they stay rich and the rest of us struggle to get by. But even without expensive advisors, lawyers and accountants, there is some simple financial advice we can all take advantage of…. Read More