The Impact of Inflation: Preserve Your Savings with High Yield Savings Accounts
The Impact of Inflation As an immigrant or child of immigrants, you may excel at saving money, but did you know that your hard-earned savings may be losing value? This unfortunate reality is primarily driven by inflation. Inflation refers to…
Compound Interest: Unlocking Its Power
Compound interest is a simple yet powerful financial concept that can have a significant impact on your personal finances. However, understanding how it applies to you is crucial if you want to take full advantage of its benefits. Unfortunately, early…
Budgeting 101: Mastering Monthly Budgeting
Discover the art of budgeting and how it empowers you to follow Warren Buffett’s timeless advice: “Do not save what is left after spending; instead, spend what is left after saving.” This blog post provides a transparent overview of my…
The importance of a budget
Understanding your financial standing is the first step towards embarking on a successful financial journey. Building wealth requires careful tracking of our money. Without a clear understanding of our income versus our expenses, it becomes impossible to determine the funds…
Understanding Life Insurance
What do you know about life insurance? If you are like me (before I became educated on the topic) then very little. Growing up I never discussed life insurance with my parents probably because death in general isn’t a pleasant…
Money and Sustainability – Save money while saving the planet!
As we celebrate Earth Day, we wanted to reflect on consumerism and why it has taken over our lives, our finances, and the earth. We need to be aware of the ways we can make individual change. Doing this can…
Understanding Health Insurance
Health insurance can be confusing, but understanding it is important because it impacts your wallet. Making sure you are not under insured or over insured can help you protect your savings. If you are lucky enough your parents have insurance,…
Money Lessons – What 2020 taught us about money
While this year has not been easy, it has come to teach us many valuable lessons. I personally saw these difficult times as an opportunity for introspection. 2020 came to remind me the most valuable things in life are family,…
How is a credit union different than a bank?
Banks are in the money-making business. We must make sure that we understand that although they offer valuable services, their goal is to maximize their profits through the fees they charge consumers. One less known alternative to banking are credit…
Credit cards as a financial opportunity not a liability
“Do not buy what you cannot afford” was the best credit management advice that I received from my immigrant parents. They might not have fully understood the fees that came with credit cards; but they knew that borrowing money always…
