13 Basic Steps to Successful Financial Planning

Financial planning is a broad term touching all areas and stages of your personal life as long as money is involved—from your needs to your wants. This includes different aspects such as accumulating income streams, budgeting, debt management, savings, insurance, retirement planning, investments, and estate planning and distribution. Hiring a financial planner is convenient but…Continue reading13 Basic Steps to Successful Financial Planning

How Money Market Accounts Differ From Savings Accounts and Certificates of Deposit

Are money market accounts beneficial? Much like any other type of account, the most important thing is that you earn interest over time, which brings more money into it as a type of reward for resisting temptation and not withdrawing during a certain period of time. Money market accounts are specific types of accounts that…Continue readingHow Money Market Accounts Differ From Savings Accounts and Certificates of Deposit

5 Must-Read Books for Investors of All Ages

Financial literacy is uncommon even in one of the richest countries in the world, considering that only 35% of American families have investments other than 401(k)—according to a 2019 survey by Pew Research Center. Most aspiring investors, who weren’t taught about money management within the household, are left with self-education through books authored by successful…Continue reading5 Must-Read Books for Investors of All Ages

Different Trading Strategies: Day vs Position vs Swing vs Scalping

Lately, the stock market has become increasingly appealing to investors of all ages and backgrounds. Though things seem quite risky here, especially compared to other market sections, there is just something that evokes the interest of the clients. The key feature that distinguishes this trading activity from others is, you can receive benefits and priorities…Continue readingDifferent Trading Strategies: Day vs Position vs Swing vs Scalping

All About Credit Scores

Every time you get a loan for personal, auto, or business needs, a mortgage for your house, or even a credit card, your credit score is checked. Be it with your bank or any financing institution or credit card company, your credit score influences whether you can successfully secure financing, how much the limit would…Continue readingAll About Credit Scores

Choosing the Right Bank

In recent years, banks have become an essential part of people’s finances. Whether you want to admit it or not, having a bank is crucial regardless of what your goal is—from simply receiving your paycheck and setting up a savings account to creating a solid retirement plan for the future. So the question imposes itself—how…Continue readingChoosing the Right Bank

How Savings Accounts Work

If you have a few extra cash you don’t need right at this moment, then you probably should have a savings account. However, finding a bank or an equivalent financial institution to look after your money may be quite intimidating. With a lot of options available, it could also get confusing. Don’t worry, you’ve come…Continue readingHow Savings Accounts Work

How to Choose a Financial Advisor

How do you know if you need a financial advisor? In today’s unpredictable world of finance and investing, everyone could use a helpful guide to handle the changes and implement their own skills and knowledge to create a solid and stable financial plan for the future.  Have you ever wondered if you should find a…Continue readingHow to Choose a Financial Advisor

Everything You Need to Know About Certificates of Deposit

Certificates of deposit (CDs) are one of the most common financial instruments sold by banks and credit unions. They are different from savings accounts mainly because they have a specific fixed term during which they mature. They are determined by a fixed interest rate during that entire period. When the maturity is reached, the certificates…Continue readingEverything You Need to Know About Certificates of Deposit

Checking vs. Savings Account: Which One Do You Need?

When it comes to choosing between a checking account and a savings account, there’s always a question of “Why?” or “Do you need one or both?”. The answer is both. Each serves a different purpose and can help you manage your funds effectively.  Just the Nuggets While a checking account helps you manage your everyday…Continue readingChecking vs. Savings Account: Which One Do You Need?