As much as we hate to admit it, money and finances dictate a lot about our life. When we teach our children to have a solid understanding of money we are setting them up for future success in life. You can begin teaching your kids about basic financial concepts as early as age 5.
Do you feel like you have tried all the tricks in the book to curb your overspending habits? You’ve tried various budgeting tactics, couponing, skipping your morning latte, etc…and none of it seems to last more than a few days before your back to your old spending habits again? It could be because you are not changing the mindset you have about spending. Instead think like a minimalist when you’re shopping to help you make more informed decision about your purchases.
When you look at interest rates, you’ll see two abbreviations pop up over and over again—APR and APY. Some financial institutions will show both the APR and APY for their finances, while others may show only one value or the other. To make things more confusing, the rates may only vary by a fraction of a percent.
Do you want to feel like you have more control over your finances? Maybe you just don’t quite know where to start? Or have you tried different tips and tricks before but run into bumps in the road along the way, and then reverted back to your old spending habits? Does this sound like you? To help you get started with budgeting and saving and to be successful long term we hosted a Facebook Live question and answer session. Here’s the video and a brief recap of what was discussed.
Establishing a savings account is the best way to help you financially deal with the uncertainties of life, such as job loss or medical expenses, and achieve your financial dreams, like paying for college, purchasing a car, traveling, buying a home or saving for retirement. Below are some simple ways to save and invest in your financial future.