Mental accounting refers to our tendency to separate our money into different accounts based on subjective criteria: the source of the money (money easily earned is not treated carefully as our salary, for instance), intended use for each account (‘play’ money,…
Saving for retirement seems easy when your employer offers access to at least one retirement plan. But when two 401(k)s come into play, which do you pick? How does a traditional 401(k) compare to a Roth 401(k)? If you’re concerned…
In a world filled with endless opportunities and countless desires, one common reality that unites us all is the necessity to manage our finances wisely. Saving money can sometimes feel like an uphill battle, particularly when unexpected expenses arise or…
For most households the electricity bill can sometimes eat up quite a chunk of the budget. This is why knowing few tricks to save money on electricity can clear up some cash each month, that can be further saved, spent…
Ever wondered what a bad credit score is and how it can affect you? Well, you’re about to find out. Your credit score is a number that lenders use to decide how likely you are to pay back money you…
You’ve probably heard about budgeting, but have you come across the 50/30/20 rule? It’s a simple yet effective way to manage your finances. In this article, we’ll dissect what this rule is all about and why it’s gaining popularity among…
In today’s competitive business landscape, finding ways to cut costs is essential for the success and sustainability of any company. In this article, we will explore 15 practical steps that businesses can take to reduce expenses and increase their bottom…
You’re finally ready to take control of your finances, but where do you start? It’s a jungle out there – full of confusing jargon and complex strategies. That’s why it’s essential to choose the right financial planner who can guide…
Christmas is not that far away. And thinking about how to save money this time of the year does make a lot of sense, especially since most of us usually go overboard with presents, spending and the holiday shopping spirit. 1. Don’t…
There’s no getting around the fact that driving these days isn’t cheap. However, by following these five simple steps, you might be able to save yourself a surprising amount of money and make your motoring more affordable. 1) Get the…
