Past Articles From the Money Motivations Personal Finance Series, Designed to Motivate You to Live Debt-Free!
Financial freedom usually means having enough savings, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our families. It means growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year. Financial freedom means our money is working for us rather than the other way around.
Read MoreAre you crazy in love, but your relationship is moving faster than your current budget allows? Are you and your partner already talking about getting married or buying a house together without thinking about how you will afford it? Are you considering moving in together to save money?
Read MoreFor the last century, a new system of feudal enterprise has taken over the American labor market. While many Americans may not find themselves under the patronage of a feudal lord, they do, however, experience a subservience not unlike that of the peasants that worked the fields during feudalism. Those who have consciousness of this modern-day subservience refer to this economic practice as “wage slavery”, but I think the term “economic bondage” fits better. Let me explain.
Read MoreWomen have made tremendous progress in various economic aspects over the years. However, it has been found that women still lag behind men when it comes to financial literacy.
Financial literacy refers to the knowledge of the skills and tools that we need to make informed decisions when it comes to using our money.
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When visiting a grocery store, you must know ahead of time what you are looking for. Plan your trip after going through your pantry, fridge, and kitchen shelves. Delay your trip if you have enough to last the week. Avoid overstocking your pantry or fridge because it may lead to old products expiring before being used. That is the biggest waste of money on groceries.
Read MoreCOVID-19 has changed our money habits. For example, in April occurred the largest drop in consumer spending since the government began tracking the metric in 1959.
That may come to you as no surprise. Many businesses deemed “inessential” closed down completely or could only operate at partial capacity. Restaurants, bars, tourism, movie theaters and many retail outlets took a major hit.
Read MoreBeing in debt is a burden no one wants, but it is increasingly getting harder to stay out of it given the continuously rising costs of living and the increase in student loans. Fortunately, staying out of debt is possible, and it is something we must all strive to do to reach our financial goals. These strategies will help achieve this goal.
Read MoreIn our busy lives, the monotony of handling our finances can be among our biggest challenges. We can even face financial crises due to poor money management and lack of emergency savings. Consequently, financial management has become a necessity for keeping track of your spending and increasing your savings.
Your life could be much easier if you managed your finances and followed a budget.
Read MoreMoney may not buy you love, but it can surely ruin it. Many fairytale-like relationships, meant to have happy endings, take a turn towards heartbreak because of the way people deal with finances.
The statistics also back the fact that money can prove to be a deal-breaker in relationships. TD Bank has furnished an interesting report on how the dynamics of money and relationships play out.
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