What is an index fund? If you’re new to investing, you may have heard about index funds but aren’t quite sure what they are or how they work. In simple terms, an index fund is a type of mutual fund or exchange-traded fund (ETF) that tracks a specific index, such as the S&P 500. ...
A scarcity mindset is a constant feeling of lack or the belief that there aren’t enough resources or opportunities to go around for everyone. Many people have been here, and unfortunately, this nagging feeling can potentially hold you back in every aspect of your life. But it ...
Biggest first-time homebuyer mistakes (and how to avoid these!!!) Buying a house for the first time is exciting, yet overwhelming and intimidating. And if you don’t know a lot about the process, you might make a few first-time homebuyer mistakes. But while mistakes are common when ...
Money management isn’t taught in most schools, so many people leave school knowing very little about finances. They might know the basics such as paying bills on time and creating a budget. But when it comes to bigger things like getting a loan and exploring savings options, they draw a blank. ...
If you want to stop overspending, you might already be mindful of how much you spend on entertainment, clothes, and recreation. But there are other expenses that can also strain your budget. So whether you’re trying to improve your budget or keep more of your hard-earned cash, here are four ...
Are you guilty of sabotaging yourself with the below bad money habits? This might be a possibility – and I place emphasis on “might” because everything isn’t black or white. But although circumstances differ, if you’re not careful some decisions could stunt your ...
How Do You Make a Budget for Beginners (that’s realistic!!) Wondering how to make a budget? I’m pretty sure you’ve asked yourself this question before. After all, you wouldn’t be here if you hadn’t. Having a budget is super important for keeping your finances in ...
“Pay yourself first” is a simple money management principle where you set aside a portion of your income for savings or investing before spending it on anything else. It means prioritizing your financial future by saving or investing a part of your earnings before paying bills or ...
Knowing how to maximize your savings can improve your savings rate and help you reach financial goals quicker. So here’s a look at some of the best tips and tricks to get the most out of your savings account. These aren’t anything major and easily duplicatable. 1. Don’t keep your ...
Here’s a look at 100 ways to make saving money easier in 2024!!! (plus a money makeover to try) A savings account lightens the financial burden in an emergency—and the more cash you have in reserves, the easier it is to have a sense of security. This not only relieves stress and puts you ...