Everyone needs to have a solid financial foundation with which to build their money lives, and that foundation starts with the basics. This category is all about teaching you the money basics you’ll need to know to successfully navigate your financial life.
No topic is too trivial in this category. Our articles discuss everything from financial literacy basics to the differences between banks and credit unions and debit and credit cards. You’ll find everything you need to know to get started improving your financial literacy, all in an easy-to-understand way. It’s never too late to better yourself, so get started improving your knowledge of money today!
Building your financial foundation is exactly like building a skyscraper. First, you must pour a solid foundation and reinforce that foundation prior to building several stories above it. You must start from the ground up, building each floor strong and stable as you go. There is no other way around it, and no way to …
7 Tips to Building Your Financial Foundation the Right Way in High School Read More »
Oh, student loans. We lament you! Student loan debt is fast becoming a crisis to rival credit card debt. Currently, more than over $1.48 TRILLION is owed by about 44 million current and former students in America. This means young people are saddled with $20k, $30k, $50k, even $100k in debt by the time they …
Start Taking an Interest in Interest: Student Loans Read More »
Everyone could use more money in their pocket, but did you know there are only two ways to get more money? Seriously. No matter your job, spending habits, debt, and any other parameters related to your finances, if you want more money coming in there are only two choices open to you. You can either …
Personal loans are a big category, and can vary greatly depending on the type of loan. However, there are some basic things to keep in mind when you are looking at taking out personal loans, and as always, understanding that interest is key to Money Earned through Money Saved. Technically, everything already mentioned (mortgages, credit …
Start Taking an Interest in Interest: Personal Loans Read More »
Now let’s talk about credit cards, the loans that most people will pay interest on. Credit cards are a little different because they are revolving credit, meaning that the amount of credit extended can be borrowed again once paid. They are also different in that the interest on any balance carried is charged daily. Yes, …
Start Taking an Interest in Interest: Credit Cards Read More »
First up is mortgages, the type of loan where you’ll pay the most interest. With a mortgage, people often make the mistake of thinking that their payment is going mostly to the principal. WRONG! Especially in the beginning, a significant portion of your payments go toward the interest, not the principal! You may not know …
Everyone above the age of 10 has heard of interest, but most of us do not take enough interest in interest despite the huge way this simple concept affects our everyday lives. Anyone who has opened a credit card, taken out a loan, or opened a checking/savings account has been impacted by interest. The question …
