One of the most common misconceptions that people make when trying to save money is thinking that it will be painful. Often, people think that saving money means making drastic cuts in their budget and foregoing the things that they like to do for fun. When individuals approach saving with this mindset, they set themselves… Continue Reading
One of the most critical yet confusing aspects of personal finance is saving for retirement. Individuals have a number of different options for saving, and it can become difficult to decide which avenue is the best. Many people do not even realize all the different options that exist and tend to stick primarily with the… Continue Reading
One of the most confusing aspects of taking out a loan is figuring out exactly what the interest will cost. Several different types of interest exist, and individuals should try to have a basic understanding of each of these categories before they even begin shopping for a loan—and certainly before signing any loan agreement. In… Continue Reading
To buy and sell stocks, you need to hire a stockbroker. This individual acts as a middleman between investors and the stock market. Brokers act sort of like salesmen to facilitate a sale on behalf of a larger brokerage house, such as Charles Schwab or Merrill Lynch. Once brokers carry out a transaction, they typically… Continue Reading
One of the most important tools that individuals use to save for retirement is the 401(k) plan, which now faces an uncertain future. With different messages coming from the legislative and executive branches regarding potential changes to tax law considering 401(k)s, many Americans are rightfully worried about what the future holds for this popular investment… Continue Reading
The former president of DFC Global Corporation, Don Gayhardt serves as chief executive officer and president of CURO Financial Technologies Corp. Through CURO, Don Gayhardt provides short-term financial services to unbanked and underbanked individuals. He is also a member of the Community Financial Services Association of America board. Through these positions, he helps individuals reclaim… Continue Reading
An expert on personal finance, Don Gayhardt serves as the president and chief executive officer of short-term financial services provider CURO Financial Technologies Corp. CURO focuses primarily on providing services to unbanked and underbanked consumers. Many of the people that Don Gayhardt works with are working to take control over their finances and begin saving… Continue Reading
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
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
Saving money remains a significant personal finance challenge for many people. Often, the difficult arises because the budget is already tight. Sometimes, the best option for boosting one’s savings actually lies in increasing one’s income. While individuals can sometimes negotiate a raise at work, sometimes it is necessary to identify a different strategy. In these… Continue Reading