It can be difficult to teach your children about financial responsibility and the value of good credit. How should you go about it? Is giving an allowance the best way to start? Should they figure it out on their own? There is no right answer. But one thing is clear: It's essential for...
What is a financial coach and how to become one
Name a challenge people face in life, and there's bound to be a coach for it. Struggling with your weight? Get a fitness coach. Keep missing those promotions? Hire a career coach. Feeling stuck in a rut? Try a life coach. Emotions getting in the way of sound financial decisions? You may need...
How women investors can rewrite their financial futures
Women do it all — lead households, pay bills, run companies. But when it comes to saving and investing, advisors say there’s more women could do to ensure they’re better off in retirement.
“Women often feel like they need to wait until they earn a higher salary or have accumulated enough money to get started,” says Sylvia…
Fun ways to teach kids about money
There are a lot of good reasons to teach your kids about money. For one, you don’t want your children repeating your own financial mistakes. Also, if you raise financially shrewd adults, chances are they won’t someday be asking you for money. By helping them, you’re helping yourself…
What is the difference between secured and unsecured debt?
There tends to be an involuntary cringe when we think of debt, but the truth is that not all debt is bad for you. Part of your personal financial responsibility is knowing what is unsecured debt and what is secured debt, the difference between these two debts and when they’re applicable. With this understanding comes better personal financial decisions…
How to budget: 8 steps anyone can do
No matter how old you are or what you do for work, there is one essential lesson you need to learn to navigate the financial twists and turns of life: how to budget. A budget helps you understand what’s coming into your bank account and what’s going out. That knowledge empowers you with the ability to prioritize immediate expenses while preparing for long-term costs…
3 reasons why you should always know the financial health of your business
Entrepreneurs are busy people, and for efficiency’s sake, you need to delegate many tasks that others can do just as well as you can. Outsourcing is cost-efficient, as long as it makes sense — particularly for administrative tasks such as creating graphics, social media posting and other tasks that can be performed just as well...