Top 5 Money Mistakes of Young Couples

Top 5 Money Mistakes of Young Couples

When you’re newly married, you’ll probably face some new challenges and might not feel that you’re ready for these new responsibilities. A lot of young couples don’t anticipate how different managing their finances can be once they get married. It’s important to understand how merging your finances will impact the way you spend and manage money. There are common mistakes most couples make, and you can avoid some difficulties by being aware of these errors. These are the five most common money mistakes young couples...
Protect Your Finances from Inflation Before It’s Too Late

Protect Your Finances from Inflation Before It’s Too Late

Understand purchasing power. Purchasing power refers to your ability to buy items such as necessities and luxuries. One of the main issues with inflation is that your purchasing power goes down as inflation goes up. For example, your $1 could buy an item yesterday, but today you’ll need $5 to buy the same item. Unfortunately, interest rates and incomes can’t always keep up with...
How Helicopter Parents Affect a Child’s Finances

How Helicopter Parents Affect a Child’s Finances

They lack financial responsibility. Helicopter parents often have children who are financially irresponsible. They struggle with responsibility and turn to their parents to save them. Do you rescue your children from every financial mistake they make? Parents who act as financial saviors are actually hurting their children’s ability to learn from their mistakes and make more beneficial decisions in the future. Children can become too dependent on their parents and refuse to grow...
College Students: Avoid These Credit Card Pitfalls

College Students: Avoid These Credit Card Pitfalls

Credit card companies used to market aggressively to college students. Laws now prohibit this type of activity, but getting a credit card is important for college students. Sooner or later, you’ll want to purchase an automobile or home, and you’ll either have to use credit or save for a very long time. However, using a credit card irresponsibly can create a huge financial...

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