Increased Financial Awareness Increased Financial Awareness (image credits: unsplash) There has been a noticeable upswing in financial awareness among people across various age groups and demographics. A survey from the National Endowment for Financial Education highlighted that over 70% of adults now feel more equipped with financial knowledge compared to five years ago. This newfound ...
Understanding Grocery Inflation Understanding Grocery Inflation (image credits: pixabay) Grocery inflation is a term that has become familiar to many. It refers to the increasing cost of food and household items over time. As of 2023, the United States has witnessed a substantial rise in grocery prices, with an inflation rate of about 10% year-over-year. ...
Understanding Geopolitical Risk Understanding Geopolitical Risk (image credits: pixabay) Geopolitical risk is the threat that political events or conditions in one country will impact economic activities in another. With globalization making the world more interconnected, a hiccup in one corner can send ripples across the globe. A staggering 87% of executives, as reported by the ...
1. Mint 1. Mint (image credits: unsplash) Mint is a household name when it comes to budgeting apps, and for good reason. It offers users the ability to track their expenses, create budgets, and keep an eye on their financial health. By linking to various bank accounts and credit cards, Mint gives users a holistic ...
1. Understanding Interest Rates 1. Understanding Interest Rates (image credits: pixabay) Interest rates are like the price tag on borrowed money. When you take out a loan, the interest rate determines how much extra you’ll pay for the privilege of using someone else’s money. Think of it like renting a car; the longer you have ...
to Buy Your First Rental Property Without Making Costly Mistakes Understand Your Financial Situation Understand Your Financial Situation (image credits: unsplash) Before stepping into the world of rental properties, it’s vital to take a good look at your financial health. Start by checking your credit score, which plays a key role in securing a mortgage. ...
The Allure of Instant Wealth The Allure of Instant Wealth (image credits: unsplash) Many people fantasize about winning the lottery, dreaming of a life filled with luxury, freedom, and endless possibilities. However, the reality of sudden wealth is not as glamorous as it seems. According to a report by the National Endowment for Financial Education, ...
Create a Detailed Budget Create a Detailed Budget (image credits: pixabay) Creating a detailed budget is like laying the blueprint for your financial house. According to a 2023 report by the National Endowment for Financial Education, only 32% of Americans keep a detailed budget, which is surprising given its importance. By tracking every penny you ...
Understand Your Financial Situation Understand Your Financial Situation (image credits: wikimedia) Before stepping into the rental property market, it is crucial to have a clear picture of your financial status. It’s like setting sail without knowing the weather conditions; you need to be prepared. A good place to start is by checking your credit score, ...
Understanding Financial Privilege Understanding Financial Privilege (image credits: pixabay) Financial privilege is a concept that is not always openly discussed, yet it plays a crucial role in shaping life opportunities. It refers to the benefits and advantages that individuals or groups enjoy due to their financial status. These advantages manifest in various ways, such as ...
Axel Wellington, B.Sc. Economic Policy
Axel Wellington, B.Sc. Economic Policy
Chris Divay, B.Sc. Finance