The entrepreneurial spirit that has taken hold of today’s workforce has led to many people jumping into self-employment, freelancing, and gig work. Unfortunately, being an expert in the products or services you provide does not make you an expert in managing business and personal finances. Many sole proprietorships and individual freelancers are lost when it comes to the related financial matters.
One sport that has plenty of analogies for personal finance is football. You might wonder what football and finance have in common, but there is plenty of overlap between the two. By keeping these ideas in mind, you’ll be more likely to succeed financially.
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Taking initiative over your finances can sometimes be a confusing endeavor. After all, it seems like everyone has their own twist on personal financial advice.
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Handling finances as a single person can be difficult. Add another adult with income into the mix, and the difficulty can expand. Frequently, a couple will have both a spender and a saver. This is why couples need to have a strategy when it comes to handling household finances.
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As humans, we all have the vices that we would rather not have. Money definitely acts like one of those vices. For this reason, millions of Americans set money-related resolutions every New Year.
Based solely on this headline, you may be wondering: What on earth is a money buddy? Let us clarify that, no, a money buddy is not someone who helps you spend money. Quite the contrary! A money buddy is a person capable of helping you manage your money properly.
In light of Hurricane Florence’s recent landfall in the Carolinas, it’s important to consider how natural disasters can impact your financial situation. Despite the emphasis placed on planning for an emergency in schools and throughout the media, many Americans remain unprepared and without a solid financial plan.
Gone are the days of balancing checkbooks and keeping a budgeting journal. With our smartphones consistently at our fingertips, all financial matters are handled in the virtual world. We deposit checks, monitor our spending, and seek financial advice all on our smartphones. What’s more, we have the assistance of widely-lauded applications to make all of this easier.
With summer in full swing, many people may already be feeling a pinch in their pocketbooks. Unlike the fall and winter seasons when people are more likely to want to cozy up at home and be hermits, the siren call of the warm sun and blue skies are irresistible to many wanting to make the most out of these glorious months. Continue reading
Millennials have a false reputation of not being savvy with their finances. There seems to be a stereotype regarding money management that has adhered to this generation with no known cause. While millennials are inarguably faced with the largest debt burden compared to previous generations, they are using that drawback to exercise smart spending and saving skills. The fact is that millennials are actually quite creative and knowledgeable when it comes to their finances. They just save and invest in different ways than most other generations are accustomed to. Here are some lessons to take from the millennial generation. Continue reading
