Category Archives: Money Management

5 Ways to Be More Proactive with Your Personal Finances

5 Ways to Be More Proactive with Your Personal Finances

When it comes to personal finances, many people take a reactive rather than a proactive approach. A reactive approach to personal finances means that necessities and expenses dictate how one allocates money. In other words, individuals pay the bills as they arrive rather than planning for them ahead of time. This method becomes especially problematic… Continue Reading

3 Excellent Games That Encourage Better Financial Decisions

3 Excellent Games That Encourage Better Financial Decisions

Due to the widespread popularity of smartphones, mobile gaming has become one of the largest industries in the world. People turn to games for a fun distraction throughout the day or to pass the time while riding on the bus, waiting in line, or engaging in a range of other passive activities. Many of these… Continue Reading

6 Ways You Can Jumpstart Retirement Savings Efforts Today

6 Ways You Can Jumpstart Retirement Savings Efforts Today

Finance professionals tell their clients to start saving for retirement as early as possible. Following this advice allows people to avoid playing catchup later in life, which can prove extremely challenging. Many people neglect retirement savings when they are young because they think it will hinder their ability to pursue other activities. Other people may… Continue Reading

5 of the Best Ways to Protect Personal Information After a Data Breach

5 of the Best Ways to Protect Personal Information After a Data Breach

Recently, Equifax made headlines after it suffered a massive data breach affecting over 140 million individuals. The breach included data such as customer Social Security numbers, addresses, and birth dates as well as driver’s license numbers. For the most part, passwords were not compromised and only a few credit card numbers were revealed. People affected… Continue Reading

5 Ways You Can Avoid Anxiety When Investing in Stocks

5 Ways You Can Avoid Anxiety When Investing in Stocks

In the United States, stocks remain the most popular risky asset class because they have the potential for a big payoff. However, because big rewards come with big risks, investing in stocks generates a great deal of anxiety. This means that people may face some serious adverse effects to their mental health when they decide… Continue Reading

How Options Can Mitigate the Risk of Investing in Stocks

How Options Can Mitigate the Risk of Investing in Stocks

Many investors rely on options to round out their portfolios. While options have traditionally been considered risky investments, investors who understand these risks can use them to accomplish a number of financial goals. As with futures, options can be used to hedge against declines in the market and to minimize losses, as well as to… Continue Reading

3 of the Best Software Programs for Managing Personal Finances

3 of the Best Software Programs for Managing Personal Finances

While financial apps have made everything from budgeting to tracking investments easier, sometimes people need something a little more robust to achieve their particular goals. When one’s financial needs exceed what apps can offer, individuals should consider using some of the wonderful software options now available for improving financial tracking and organization. The best option… Continue Reading

9 Personal Finance Blogs That You Should Be Reading

9 Personal Finance Blogs That You Should Be Reading

In today’s busy world, people often want information delivered to them in small, digestible chunks. For this reason, short-form media such as podcasts and blogs have become one of the leading sources of insight on a wide variety of topics, including personal finance. When it comes to a subject as complicated as personal finance, obtaining… Continue Reading

The Benefits and Drawbacks of 4 Common Low-Risk Investments

The Benefits and Drawbacks of 4 Common Low-Risk Investments

Some people are comfortable with riskier investments, but others would prefer to keep their savings in a safe investment vehicle, even if it means receiving smaller returns. There are several safe investment vehicles to consider, and you should carefully weigh the pros and cons of each before making a final decision. Some of the most… Continue Reading

5 Easy Ways for College Students to Build Good Credit

5 Easy Ways for College Students to Build Good Credit

While many students begin to focus heavily on improving their credit score after they graduate from college, the truth is that you can lay a solid foundation for great credit while still in school. A number of misconceptions exist in regards to building and maintaining an excellent credit score, particularly among young people. Following are… Continue Reading