Category Uncategorized

HOW TO ASK FOR A RAISE (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)

One of the best things that can happen to you, from a personal finance perspective, is getting a raise. But most people don’t recognize that the people that get raises are the ones that ask for them. Asking for a raise might sound scary for people who have never done it before. But there are […]

UNEMPLOYMENT FAQS (AS REPORTED BY MARIANNE HAYES AT WWW.LEARNVEST.COM)

Unemployment is never the goal. But at some point in our lives, most of us will find ourselves without work for one reason or another. And so it is a good idea to learn the basics of unemployment benefits. The full details of unemployment depend largely on your state, since they are the ones who […]

Compounding Interest is Critical (as reported by Ismat Sarah Mangla on www.qz.com)

Do you know how compounding interest works? If you do, you are in the minority. A recent study of over 50 thousand individuals in 30 different countries testing their financial knowledge and behavior found that only 42% of respondents could correctly answer the following question: Will a $100 savings account compounding at an interest rate […]

AWKWARD MONEY MOMENTS (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)

No matter what you believe or know about money, you are likely to run into one of several common moments in your life when things get a little awkward. Say your credit card gets denied in public, or you loan a family member money and they fail to pay it back in a timely manner. […]

FIVE PILLARS OF PERSONAL FINANCE ADVICE (AS REPORTED BY TRENT HAMM ON WWW.THESIMPLEDOLLAR.COM)

If you scour the internet, you can find a near endless assortment of personal finance blogs and articles. There’s so much information out there, from such a wide variety of sources, that trying to read it all would be a practice in futility. That’s why Trent Hamm, on his site The Simple Dollar, boiled it […]

THE PROS AND CONS OF RENTING VS. OWNING A HOME (VIA ASHLEY FEINSTEIN OF MASHABLE.COM)

Home ownership is a goal for many growing professionals. As a person’s total income increases, naturally, they can start to think about building equity in a potential place of residence. However, for many renting remains a more viable and financially wise option. As such, it is crucial that consumers understand the costs and benefits of owning […]

Proof That Most of Us Don’t Understand Overdraft Fees (as reported by James Cave of huffington.post.com)

Nine out of ten Americans have a checking account, but many aren’t up to speed on what happens if they overdraw their account. An overdraft occurs when you spend or withdraw more money than you have in your account. You’ll be able to complete the transaction if you’ve agreed to your bank’s overdraft protection policy, […]