Although the escalating costs of colleges may seem overwhelming, planning for this expense ahead of time can help ease your mind. Parents can adopt strategies and save money for the time when their child starts going to college.
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.
You don’t need to be a millionaire in order to take advantage of a trust fund. If you have a few thousand dollars that you want to make sure helps a person, group or organization, a trust fund is one of the best ways to ensure that money is used for the purpose you intended. How do you create a trust fund, though? What are the first steps you need to take?
If you’ve ever opened up a savings account or taken out a loan, you’ve heard the term interest before. You also probably have a rough idea of what it means—if you have a loan, you have to pay more money back than what you borrowed. If you have a savings account, you get a bit of money back each month.