Forget the daily $5 latte as an already timeworn example of less than mindful spending. One financial advisor had a client spending some $3,000 a month on sushi — without realizing it. The advisor convinced his client to track a month’s worth of spending and both of them were surprised…
Credit utilization ratio: What is it and how it affects your credit score
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When it comes to personal finance (including how to get…
Should you be worried about inflation?
Concerns over inflation continue to be a hot issue in the economic recovery from the COVID-19 pandemic. But what is inflation? And should you be worried about it?
This post will break down inflation in simple terms and explain…
Don’t let inflation scare you into dumping your stocks
Inflation is one of those economic terms most of us know just enough about to be afraid of. We know it erodes our money over time, and that it arrives in the form of higher prices for everyday goods and services. Inflation fears can also lead to negative reactions in the stock market, such as the selloff…
What is an emergency loan?
An emergency loan is a loan that covers your expenses in case of an emergency. There are a few kinds of emergency loans, but they almost always come with very short terms (usually weeks or months) and high interest rates and fees…
Banking tools can help boost savings while paying off debt
Paying off debt might seem like the most important thing to do for your financial health, but building up a savings buffer is just as critical. That way, when unexpected expenses come up, you’ll have funds set aside — and you won’t fall deeper into debt…
How to choose the best payment method for small businesses
What’s the best payment method for small businesses? Some say cash is king, while others swear by credit cards. But in light of the coronavirus, small business owners may have had to forgo their preferred payment method and switch to online payments.
But ultimately, the best small business payment method...