Bank Maintenance Fees Bank Maintenance Fees (image credits: pexels) Bank maintenance fees are often a silent drain on your bank account. These are monthly charges that some banks impose if you don’t meet specific requirements, like maintaining a minimum balance. Imagine your money being slowly sipped away just because you didn’t keep an extra $500 ...
Top 10 Alternative Investments Compared to Your Savings Book Savings accounts have long been the go-to option for those looking to store their money safely. But with traditional savings accounts offering modest interest rates—often averaging around 0.42%—many are exploring alternative investment options that promise higher returns. In this article, we delve into ten such alternatives, ...
Multiple Income Streams: The Millionaire’s Secret Multiple Income Streams: The Millionaire’s Secret (image credits: unsplash) Imagine a river branching into several streams, each contributing to the flow of water. This is much like the financial strategy of self-made millionaires. Studies reveal that 65% of them have at least three income streams. It’s not just about ...
10 Ways to Save More Money Every Month Create a Budget and Stick to It Create a Budget and Stick to It Creating a budget is like giving your finances a roadmap. By tracking your income and expenses, you can clearly see where your money is going and identify areas where you might be overspending. ...
The Ultimate Budgeting Guide: Master Your Money Without Sacrificing Fun Focus on Balance Focus on Balance Achieving financial stability doesn’t mean you have to live a life devoid of joy. The key is finding a balance between saving and spending. Imagine your finances as a seesaw; too much weight on one side can tip you ...
Track Every Expense Track Every Expense (image credits: pexels) Breaking free from the paycheck-to-paycheck cycle begins with understanding where your money is going. By tracking every expense, you gain awareness of your financial habits. This means noting down each purchase, no matter how small, to see a clear picture of your spending patterns. Analyzing this ...
Minimalism Reduces Financial Stress Minimalism Reduces Financial Stress (image credits: unsplash) In a world filled with constant advertising and a culture that often equates success with material wealth, it’s easy to fall into financial stress. Minimalism offers a refreshing perspective by encouraging individuals to focus on what truly matters. By cutting unnecessary expenses and focusing ...
Start Early: Time Is Your Best Ally (20s) Start Early: Time Is Your Best Ally (20s) (image credits: pexels) In your 20s, you might feel like retirement is a lifetime away, but this is precisely the moment when you hold a golden ticket to financial security. Starting early allows your investments to harness the power ...
Credit Card Myths Debunked Carrying a Balance Improves Credit Scores Carrying a Balance Improves Credit Scores A common misconception is that carrying a balance on your credit card can boost your credit score. In reality, this is far from the truth. Paying off your balance in full each month is actually more beneficial for your ...
What Is an Emergency Fund? What Is an Emergency Fund? (image credits: flickr) An emergency fund is like a financial superhero, swooping in to save the day when disaster strikes. It’s a dedicated stash of money set aside specifically for those unforeseen expenses that life throws your way. Imagine your car breaks down or you ...
Jack Smith, B.Sc. Economics
Axel Wellington, B.Sc. Economic Policy
Matthias Binder, M.Sc. Financial Engineering