An emergency fund (sometimes called a rainy-day fund) is an amount of money you set aside in the event of an unexpected financial roadblock. For many people, saving money isn’t easy. A 2017 study by the Federal Reserve found that almost half of Americans do not have enough saved up to cover a $400 emergency […]
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6 Common Money Management Mistakes
Many Americans struggle with basic money management. It is something not taught in most schools. When you are old enough to start making your own money, it can be overwhelming and lead to bad spending habits and accruing debt. Most people don’t have an emergency fund and don’t pay enough attention to their cash flow […]
Read MoreBook Review: “Investing 101” by Michele Cagan
Investing 101: A Crash Course in Building Personal Wealth by Michele Cagan (2016) Hello again! As I mentioned in my last post, I’ll be a guest blogger for The Alexandrite Group this year. It’s my hope to increase my financial literacy and money habits in the coming months, by reading a book a month focused […]
Read MoreHow Do I Pay Off My Debt?
Six Steps on to Pay Off Consumer Debt People call me because they are literally drowning in consumer debt. Once you start accumulating debt, it’s extremely difficult to pay it off. And without a plan, it typically continues to increase, taking larger and larger bites out of your monthly budget. No matter how you ended […]
Read MoreAre You In Need of Financial Therapy?
What is Financial Therapy? Whether you are wealthy or living paycheck to paycheck, our behaviors surrounding money can be a source of great pain and stress. If this sounds like you, know that you are not alone. When your financial behavior is in need of a change, it may not be enough to increase your […]
Read MoreDo I Need a Cash Flow Statement?
There are a few different types of financial statements that can not only help corporations run efficiently, but also families. Two common statements are a Net Worth (or Balance Sheet) and a Cash Flow Statement. Each of these paints a slightly different picture of a company’s or a family’s financial situation. This article will explain […]
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