Personal Finance
Most of us spend the biggest chunk of our monthly budgets on groceries. What we spend in the grocery store plays a vital role in maintaining or breaking our monthly budget. Naturally, grocery stores always have a bagful of marketing tricks to make you spend more. It is up to us to look for ways to […]
In order to retire, you need to have a retirement fund with enough money to last you throughout retirement. If your retirement fund is lacking, you may find yourself semi-retired, working part-time in elderly age, or leaving retirement to work full-time again. But you may have the answers to your retirement issues without knowing it. […]
Most electricity today is provided by burning oil and coal. Yet the world is preparing for the eventual phasing out of fossil fuels and the gradual implementation of eco-friendly renewable energy. Climate activist Greta Thunberg’s resounding UN speech could hasten the day when politicians must act. However, during the gap between the decline of fossil […]
American consumers have a patriotic mindset that supersedes even bargain hunting. About 8 out of 10 Americans prefer buying American made products over imports. More than 60% of Americans would pay 10% more for American brands. What’s more American than Good Humor? Harry Burt conceptualized the chocolate-coated ice cream bar on a stick in 1920, […]
Warren Buffett’s Berkshire Hathaway has steadily been buying up more shares of Amazon. Berkshire recently increased its stake in the e-commerce tech giant by 11%, the company revealed in a recent government filing. As of the second quarter, Berkshire’s holdings of Amazon were worth $947 million. Buffet originally announced his first Amazon investment in May. […]
The first rule of financial planning is that you need to have an emergency cash reserve which is sufficient to cover your living expenses for at least three to six months. At the same time, there is no need for you to park your funds in a savings account which offers negligible returns, and that’s […]
Life insurance is like a parachute. There are no second chances if you need it and don’t have it. But life situations and finances change all of the time. Here are four reasons why you should cancel or downgrade life insurance coverage. Divorce The average middle-aged American pays anywhere between $60 to $80 monthly for […]
Someone once said that it takes guts to grow up and accept maturity, to become an adult. This is particularly important when the economy veers toward hard times and a recession looms. Here are four recession-proof and decent-paying jobs you should always consider in times of need. Law enforcement If there is any job that […]
Is your goal to retire with $1 million? That’s a goal for many, and not an unreasonable goal to have. After all, $1 million is likely to generate about $40,000 a year as a safe withdrawal rate. Add to that the typical Social Security payout of about $19,000 and you have an annual income that’s […]
Some people pick up frugal habits early, learning from their parents or grandparents. Others may develop the habit of frugality after going through financial troubles. Frugal people’s view of money is different for many reasons, the topmost of them being that managing money effectively is the key to financial freedom. Whatever the reasons, the point […]
