vs. Investing in 2025: Where Are Americans Putting Their Money? Current Trends in Savings Current Trends in Savings (image credits: unsplash) As of 2025, economic uncertainties have led Americans to prioritize savings more than ever. The personal savings rate, which saw a significant increase during the pandemic, still hovers higher than pre-pandemic levels. According to ...
Understanding Financial Discipline Understanding Financial Discipline (image credits: unsplash) Financial discipline is much like learning to ride a bike. At first, it might seem overwhelming, but with practice, you can glide smoothly. Financial discipline is about managing your money wisely, ensuring you spend less than you earn. It’s not just about denying yourself pleasures but ...
Living Below Their Means Living Below Their Means (image credits: wikimedia) Millionaires are often associated with lavish lifestyles, but many of them actually live below their means. This doesn’t mean they don’t enjoy life, but rather they make conscious choices about their spending. For instance, Warren Buffet, a billionaire, still resides in the house he ...
The Hidden Cost of Savings Accounts The Hidden Cost of Savings Accounts (image credits: stocksnap) Many people believe that savings accounts are a safe place to store money, but often overlook the hidden costs associated with them. While it’s true that these accounts offer security, the interest rates are typically so low that they barely ...
Most Employers Expect You to Negotiate Most Employers Expect You to Negotiate (image credits: unsplash) When you receive a job offer, you might feel that the salary presented is set in stone. However, this is often not the case. Many hiring managers actually anticipate negotiations from candidates and start with a lower offer, leaving room ...
Set a Clear Savings Goal Set a Clear Savings Goal (image credits: pixabay) Saving for a house deposit is like planning a long road trip. You need to know your destination before you start driving. The first step is setting a clear savings goal. Typically, you’ll need 10-20% of your target home’s price for a ...
Budgets Fail Because They’re Too Restrictive Budgets Fail Because They’re Too Restrictive (image credits: pixabay) Creating a budget can sometimes feel like self-imposed punishment. Many people fall into the trap of setting overly restrictive budgets, thinking it will help them save more money. However, when you’re too strict, it’s like trying to diet by only ...
Lifestyle Inflation Lifestyle Inflation (image credits: flickr) As you climb the career ladder and your income increases, the temptation to upgrade your lifestyle becomes almost irresistible. Suddenly, the bigger house, the fancier car, and the frequent vacations seem within reach. But this is the trap of lifestyle inflation. The more you earn, the more you ...
Set Up Direct Deposit for Income Set Up Direct Deposit for Income (image credits: pexels) The first step to financial automation is making sure your income reaches you efficiently. By setting up direct deposit, your paycheck is automatically funneled into your bank account. This method eliminates the need to deposit checks manually, saving you time ...
Budgeting Apps Help You Track Spending Budgeting Apps Help You Track Spending (image credits: unsplash) Budgeting apps have transformed the way we track our spending. With platforms like Mint, YNAB (You Need a Budget), and PocketGuard, it’s easier than ever to categorize expenses and set budgets. These apps are like personal financial advisors in your ...
Axel Wellington, B.Sc. Economic Policy
Axel Wellington, B.Sc. Economic Policy
Chris Divay, B.Sc. Finance