finance
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Top Money-Saving Apps for 2024: Boost Your Savings
Everyone knows saving money is important, but most of us fail to make it a priority. We move a few bucks to our savings here and there, then spend it anyway. We vow “This is the year I’ll save!” but r
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Understanding Credit Scores: What They Mean & How to Improve
But wait, there’s a longer semantic discussion to be had!What even is a “credit score”? It's a number between 300-900 that reflects how much credit you’ve had for how long, and how well you’ve do
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Saving vs. Investing: Which is Right for Your Money?
Apologies for sounding a tad indecisive, but it really depends. If you are holding onto your money for a very short period of time because you need it to finance the purchase of something, you should
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Understanding Interest Rates: How They're Determined & Their Impact
Interest rate is a term that you’ll hear a ton, but it’s oddly nonspecific — there are a number of different kinds of interest rates that will personally affect your life, like what a bank will pay yo
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Reduce Your Taxable Income: Strategies & Methods
No one likes paying taxes. We know they’re necessary for an orderly society, but it still hurts to see those deductions on your paycheck. How do you ease the pain? By paying less, of course! You can r
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Achieve Financial Freedom: A Step-by-Step Guide
If you’re in debt and wondering how to achieve financial ffreedom, you are not alone. According to the Federal Reserve Bank of New York, U.S. consumer debt is at an all-time high.Even if you’re in deb
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Visa vs. Mastercard: Which Card is Right for You?
Unless you live in one of those mythical places that only deals in cash transactions—or you’re very interested in keeping your financial activities uh, off the grid—the chances that you use a piece of
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Debt-to-Income Ratio (DTI): Understanding & Calculation
Handshakes are great, but banks want to see hard data before they give you hundreds of thousands of dollars. One of the ways they determine whether you can repay a loan is by examining your debts and
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RDSP: Your Guide to Tax-Advantaged Retirement Savings for Individuals with Disabilities
RDSPAn RDSP is a tax-shelter intended to help a person with a disability establish financial security in retirement. To incentive Canadians to open an account, Ottawa matches savings and provides bond
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Personal Budgeting: A Beginner's Guide to Financial Control
Mastering personal finance is like learning any new skill. It takes time, practice, and patience. Most people who start caring about personal finance realize that they’ve made a few financial mistakes
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Understanding GICs: A Low-Risk Investment Explained
Think of a Guaranteed Investment Certificate (GIC) as a parking spot for your money, at a really clean garage where the police never ticket. That’s because a GIC is one of lowest risk investments o
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Net Worth: Definition, Calculation & Importance | [Your Brand]
Net worth is the sum total of what you own minus what you owe. This extends well beyond how much money you have in the bank. In financial terms, net worth is the sum of your assets and your liabilitie
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Fiduciary Duty: Definition, Responsibilities & What You Need to Know
The term fiduciary has been prominent in the financial news media in recent years, both because of the implementation of the Department of Labor’s Fiduciary rules under the Obama administration and th
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Understanding Gross Income: Definition & Importance
Gross income isn’t a way to express your disgust about your paycheck but rather a way to describe income that doesn’t yet have any expenses or deductions accounted for. It’s often referred to as the “
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Understanding the Balance Sheet: Assets, Liabilities & Equity
A company’s balance sheet shows the company’s assets, liabilities and shareholders’ equity at a specific point in time.What is a balance sheet?The balance sheet is a financial statement that shows a c
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Understanding Sustainability: Investing for a Better Future
You’ve seen it on Twitter, you’ve seen it on the news, you’ve probably seen it on the package of your supermarket’s organic aisle: sustainable. It sounds good, it makes you feel good, it makes others
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APR Explained: Understanding Annual Percentage Rate & How It Works
When you consider borrowing money, you will encounter many unfamiliar terms such as APR, or annual percentage rate. But what is APR and how does it work?APR is the interest rate in yearly rate terms.
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Income Statement: A Comprehensive Explanation & Example
Investing in stocks requires understanding the companies you’re interested in. And investors should become familiar with three particular financial statements that can reveal a lot about each company’
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Comprehensive Financial Planning: A Practical Guide to Building Wealth
Financial planning may sound intimidating—there’s a lot to cover, after all, including budgeting, retirement planning, and debt management. But it isn’t just a subject for money experts; anyone can ge
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Boost Your Credit Score: A Comprehensive Guide
Your credit score is a number within a specific range that indicates to lenders how trustworthy you are.The higher your score, the more lenders trust that you’ll pay back the money you borrowed. The l
finance
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Identify Your Investor Type: Are You Risk-Tolerant or Conservative?THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION.When it comes to investing, everyone has their own goals and plans. Some may be investing for retirement, whi...
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SEP IRA vs. SIMPLE IRA: Which Retirement Plan is Right for Your Business?
Business owners and the self-employed have more than one way to set up a retirement account for themselves and their employees. Two of the most popular are the SEP IRA and the SIMPLE IRA, both of whi...
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Audit Preparation: A Comprehensive Guide for BusinessesCompanies need to learn how to prepare for an audit. Getting financial records audited can be stressful. However, preparation and planning can help ensure you can achieving a smooth and successful aud...
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Crypto Exchange Signup: A Beginner's Guide - 5 Essential TipsMany or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opi...