2022 Financial Blogs
Our corner of the web is dedicated to money and sharing our knowledge and experiences to help you make better money (and education) decisions. This is the information we wished we had when we were making important decisions.
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T H E B L O G
Saving Tips for Back-to-School (Part 2) by Lakeisha Rolle
In Part One, we spoke about creating a realistic budget, focusing on the basics, taking advantage of tax holidays and shopping around for used materials. If you haven’t read it as yet, I’d like to encourage you to check it out and implement some of the points mentioned there. Continuing with Part Two, here are some additional tips you can take advantage of to help you save money during this and every back-to-school season. Also, let us know if any of these tips stood out to you and if you were able to try anything new from the list below.
Money Management Lessons Every Kid Should Learn by Lakeisha Rolle
Kids are not exempt from learning about handling money just because they do not have bills. Financial literacy is considered a basic life skill and we must be intentional with teaching our children about adopting healthy money management choices which leads to increased financial wellbeing.
5 Money Mistakes the Financially Literate Never Make by Lakeisha Rolle
When it comes to financial decisions we all have different ways we handle money. Ranging from skillful grace, that is a sight to behold, to failure of epic proportions. The last part is extreme I know but if we do not take how we handle our money seriously we can end up with that description being true too because of our bad habits. Being financially literate is becoming popular in this season, especially due to the financial issues most find themselves in at this time. Here are 5 Money Mistakes that the financially literate avoids.
Why Most People Fail to Learn Financial Literacy by Kelly Fowler
To be financially literate is to understand the language of money to the extent that you are able to make sound money decisions and effectively use financial products for your benefit. This understanding does not come naturally. It is learned through education and experience. The challenge is many people fail to learn financial literacy because in most cases it is not explicitly taught at home or in schools, and many lose confidence in their ability to learn over time.
Three Things to Do to Repair Your Credit Report by Kelly Fowler
Credit, aka creditworthiness, is your ability to borrow and repay. It refers to the trust that a party has in your ability to pay your bills in a timely manner. Your credit score is one measure by which your financial health is evaluated. Your credit report is your financial history, which your credit score reflects. It is a record of your debts and bill payments. If your credit appears to be damaged, here are three things you can do to repair it.
Financial Literacy 101: How to Start Improving Your Money Management Today by Sterling Bain
Financial literacy is a topic that affects a lot of people differently. The ability to understand financial concepts vary from person to person. This is usually due to levels of exposure to financial information or understanding how to apply said information practically. Moreover, why applying such information is even more important. This is because when we realize why we do things, we understand whether the pursuit at hand is purposeful or meaningless to whatever goal(s) we are trying to achieve in life. We can start our journey into financial literacy by improving our money management skills first. We can do this by creating a budget, tracking our spending, and by defining wants from needs.
Five Pillars of Financial Literacy that You Must Learn by Kelly Fowler
If you want to be financially stable and build lasting wealth, you must become financially literate; this means you must understand and speak the language of money. There are five pillars of financial literacy that you MUST learn. They are budgeting, debt elimination, saving, investing, and how to choose financial products.
Seven Reasons People Stay in Debt by Kelly Fowler
Financial debt is any amount of money borrowed or owed. In a debt arrangement, the borrower is obligated to repay the sum borrowed at a later date, usually at a cost, which is called the interest. Individuals enter into debt for a variety of reasons. However, few repay their debts in a timely manner. As of September 2020, The Bahamas had $2.1 billion in consumer debt outstanding and $123 million of that debt is listed as past due. Why do some people neglect paying off debt? The reasons range from lack of cash flow and know-how, to societal pressure and lack of self-control. This article will explore seven reasons why people stay in debt.