Category: Personal Finance
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The Importance of Discussing Finances with Your Spouse
Money is an integral part of our lives, and it plays a significant role in our relationships, particularly in marriage. Open and honest communication about finances is crucial for a healthy and successful partnership. Unfortunately, many couples shy away from discussing money matters, which can lead to misunderstandings, conflict, and financial stress. In this article,…
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How much is your low credit score costing you?
Having a low credit score can be costly in more ways than one. Many people may not realize the financial impact of a poor credit score, but it can lead to higher interest rates, larger deposits, and even a higher cost of living. Let’s explore how much a low credit score can cost you and…
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What is a Credit Score?
Your credit score is a numerical representation of your creditworthiness. In simple terms, it’s a number that represents how likely you are to pay back a loan or credit card balance on time. Credit scores are used by lenders, landlords, and other financial institutions to determine whether or not to extend credit to you and…
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Are there secure alternatives to the money market?
The onset of the pandemic and the resultant crash of money market rates have made many money markets investors seek an alternative safe-haven for their money. There is nothing wrong with reshuffling your investment portfolio if the returns fall below your benchmark projections. That becomes critical if a sizeable proportion of your income comes from…
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Preparing your Teens to make the best financial decisions
If I had been asked what it meant to be financially responsible years ago, I would have thrown up my hands in discouragement. Growing up in a family where the discussion of money was the white elephant in the room. I never realized how much or how little we had. I had no appreciation for…
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Are you ready for the next decade?
The decade 2010 – 2019 makes its way into the history books, ushering in the year 2020, which marks the beginning of a new decade that will come to be known as the Twenties. Ten years have come and gone, almost in the twinkling of an eye. The year 2020 once seemed to be so…
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Christmas Shopping Blues: Money Saving Tips
Christmas shopping is in full swing, and for many, a season to loosen the belt of financial discipline and spend deeper into debt. Like food, eat now and worry about the extra fat later.
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3 Tips on how not to Overpay for a Car Repair
Cars break down. That is a fact that most car aficionados find hard to digest. What they find evenharder though is paying for the expensive repairs, especially when they start coming thick and fast.Here are three tips that will help you not to spend a fortune on your next car repair. Check Common Series Problems…
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How to identify and avoid financial scams and bubbles
One of Webster’s online dictionary definitions of a bubble is ‘a thin film of liquid inflated with air or gas’. You see a solid and attractive round object, you reach for it and by the time you get your hands around it, the bubble bursts. There is nothing inside – a hollow filled with air.…
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What happens to your loved ones when you’re gone?
We seem to think death only happens to other people or other families. I felt so too until about two decades ago. In 16 years, I lost both my parents and a sibling. It finally dawned on me that I was not so special, I too will leave this planet one day. Someone I knew…