Personal Finance
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5 Things to Teach Your Teens About Financial Literacy
July 18, 2018
Categories: Budgeting, Personal Finance, Savings
With your babies growing up, it’s never too soon to start teaching them the art of being fiscally responsible - but where do you start? According to the Council for Economic Education, only 17 U.S. states require high school students to take a personal finance class in order to graduate. Bank of Louisiana offers some great ideas on how you can begin teaching your child about financial literacy before they leave the nest. How does credit work? A lot of kids don’t know what credit
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Habits of Financially Mature People
June 20, 2018
Categories: Personal Finance, Savings
If you take a look around, you may notice that a majority of people from a variety of income levels seem stressed about their finances. Seventy eight percent of Americans are living paycheck to paycheck and debt is creeping up more and more every year. So what’s the secret for those who aren’t wealthy enough to be financially independent, but still manage to live the life they desire? We believe the difference is financial maturity and have collected top habits for you to integrate into
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Is Politeness Costing You Money? 6 Money Manners to Quit Now
May 30, 2018
Categories: General, Personal Finance
“Politeness costs nothing and gains everything,” said Lady Mary Wortley Montagu. Many have been told or even repeated this saying. However, does it hold true? Not when it comes to these manners with money. There may be some moves you are making, or have been taught to make from a young age that can cost you more than what you intended, for little social benefits. Here’s the top 6, and how to avoid them! Not Asking for Your Money Back If you are dealing with a retail situation
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How to Stay in Debt - Crushing Habits
May 23, 2018
Categories: General, Personal Finance
Nobody wants to be consumed with worrying about their finances. Debt for most people is a fact of life. Unless you have a stroke of luck with the lottery, or a Daddy Warbucks, you are probably unable to pay cash for life’s most important purchases: a car, house or your college education. The goal with debt is to take on good debt that will provide opportunities and income advancement. Bad debt is purchasing items with no return on your investment, with their value quickly depleting. Bad
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Four Emotions That Are Interfering With Your Finances
April 16, 2018
Categories: Personal Finance
Who doesn’t want a healthy financial life? Yet, the number of people who actually have one is decreasing. Americans’ total credit card debt grew by 8 percent in 2017, with an overall 12.96 trillion in debt. While there are many underlying factors, one component that can be limited in your budget is emotions. You may feel helpless when it comes to taking control of your finances, but one of the biggest hindrances is your emotional state. The good news is where you are doesn’t have
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What Sports Can Teach Your Kids About Finances
April 12, 2018
Categories: Family, Personal Finance
As a parent, you want to do your best to give your children a great childhood and prepare them to be successful, contributing members of society. One of the ways that many parents are doing this is by encouraging youth sports. They realize that there are great lessons learned from athletics like how to be a part of a team and physical health. It’s also a good way to get kids away from the screens! By the same token, you may not realize that sports, particularly pay to play, have additional
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The Riches Reset: 30 Day Cash Only Challenge
March 27, 2018
Categories: Budgeting, Personal Finance, Savings
You may have heard the suggestion, but in a day where even plastic purchases are becoming irrelevant, how can paying with cold hard cash be feasible or helpful? We challenge you to find out by going plastic-free for the next 30 days in order to shake up your spending habits for the year. We will begin by informing you on some of the disadvantages you may experience, followed by the surprising benefits. Cons of Cash Safety Carrying cash can be a safety concern. You
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How to Tackle Student Loan Repayments
March 13, 2018
Categories: Budgeting, Personal Finance
What they didn’t teach you in school, was how to pay for school. Many know what it’s like to look excitably into your direct deposit account or open that envelope on payday to only be dissatisfied by the large withdrawal that was taken towards your student loan debt. Confronting what seems like the impregnable wall of debt can be overwhelming. And many can feel unprepared - even duped at the debt to income ratio their college degree has given them. However, it doesn’t have to
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First Steps to Financial Fitness
March 6, 2018
Categories: Personal Finance, Savings
Starting a Financial Fitness routine may be one of the best things you can do for your health. You may not realize it, but financial stress can take a toll on your physical and emotional well-being. If you are one of those who have or are experiencing financial stress, you are not alone. In fact, the leading stressor of Americans is related to finances. Stress, if left unchecked, can lead to changes in your body and mood such as: heart disease, obesity, headaches and depression. Whether you
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What Mad Money is and Why You Need It
February 20, 2018
Categories: Budgeting, Personal Finance
Paying off debt can be daunting, and budgeting for it is even more stressful. In order to be a winner with your budget, you must add Mad Money to your life - and no we aren’t talking about the TV show. Mad Money is, “A small sum of money carried or kept in reserve for minor expenses, emergencies, or impulse purchases.” There is no restraint to what you can purchase with Mad Money, only that you spend the allotted amount. This should be a small percentage of your monthly income.
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