Understanding Credit Scores and How it Affects You

Creditors will pay particular attention to your credit score when assessing whether or not to extend you a line of credit. These scores are also called risk scores as they help the creditors assess the level of risk of you not being able to pay what you will owe them should they extend you the […]

How to Start Saving Money on a Budget

It is not easy for most people to set aside some money for a rainy day or for some future objective. If you are one of these people, this guide will help you follow simple and straightforward methods on how to start saving money.

Provisional Income

When planning for retirement, most people think they need to put away as much money as they can while they are working. However, will that really get you to where you need to be? You may have heard it said before—‘it’s not what you make; it’s what you keep’. Today I want to talk about provisional […]

Understanding the Difference Between Simple and Compound Interest

Interest is something that affects our money everyday for the good or for the bad. When we aren’t earning interest, we are essentially losing money over time because when we go to the grocery store or the sporting goods store or clothing store, the same amount of money in our pockets will buy less goods over time.

Should I Save Money Even Though I’m in Debt?

Trying to get out of debt can be challenging, especially if you have credit card debt. Even as you pay down credit card debt, it can seem like an uphill battle due to the interest that continues to accrue every month. Because of this, the last thing you’re probably thinking about is putting aside money. Instead, you’re […]

Categories: Savings Strategy

Simple Savings Strategies

When I present financial literacy to employee groups, I’m always surprised by the number of people who are doing no saving whatsoever. The phrase ‘living paycheck to paycheck’ is more common than we realize—some are even living day to day or hour to hour.

Avoiding Mortgage Refinance Missteps

If you are thinking about refinancing your mortgage, there are some common mistakes many people make that could help you decide if a refinance really makes sense for you. This list does not include all the possible mistakes, but does highlight some of the most common and avoidable pitfalls.