Finance

Are you thinking the current city you live in and lifestyle filtered your spending income at a dangerous rate? You feel helpless despite your best efforts. It is time for something completely different - something many people you know have used it, but never had the chance or strength to do it yourself until now. So what can you do? If the cost of living proves to be too difficult for your budget, is moving to a cheaper city the best answer? Therefore, before you start preparing for the move, keep in mind that moving is not the right answer for everyone. Definitely, this is one of the most crucial ways to deal with a difficult financial situation. However, for some, higher mortgages or rental prices can lower their finances and leave them with less money to save or pay off debts. If you can relate, “Should I go to the cheapest city?”

As a disclaimer, this article will not touch base on love in marriage. Rather, it’ll explore one marital challenge that couples used to face at the beginning, and even throughout their marriage - joint versus separate finances.

We are regarding marriage as a union where two people become “one” both in Biblical and practical contexts. You cohabit, share assets and liabilities, and procreate.

You may have heard that if you want to get rich quickly, bad things happen. Some believe in this while others think it is a myth and nothing more. Regardless of what you believe, the truth is explained here. Getting rich quickly isn’t ideal nor something you will want in your life. Here’s why and how this translates into your life.

Each financial decision you take can affect your credit rating and your ability to obtain work, credit, credit cards, basic utilities and services, whether renting an apartment or leasing a car. Good financial choices help lenders and businesses find you at low risk. The chances of getting financial opportunities, including higher credit limits and lower interest rates, are high.

America is currently the world’s biggest economy which is majorly due to its high consumer spending, contributing about 70% of its $20 trillion economy. Multiple factors such as low unemployment, young population, technological innovation, and high average incomes have contributed to America’s fat economy. That being said, have you ever wondered how the people living in the world’s biggest economy spend their money? In this article, we’ll go over the spending habits of average Americans, and also try figuring out any major issues in the way their economy works right now.

We have always applauded loyalty as a virtue. Be it in relationships or to your favorite brand of fast food or mobile service holder. But have you ever wondered how much have you gained from this loyalty? Do these companies give you special discounts for staying with them, say 9 years? If your answer is in the negative, perhaps it’s time to reevaluate where we commit as a “loyal customer”

Assets and liability are considered the two main components of a business. It is also important in an individual’s personal life. Banks always ask for a statement of current assets and liabilities from their clients before providing them a loan. Why is this necessary? That’s because the bank needs a clear idea of your current financial position and check if you are capable enough for paying back the loan with interest in the foreseeable future. So it is of utmost necessity for an individual and also a company to have a clear understanding of what assets and liabilities mean. If you cannot differentiate between the two, then don’t worry. We will explain to you in detail what these are. So, stick with us till the end.

You might have heard of YOLO (You Only Live Once) or that mantra of people who are making the most out of their lives. Living in this principle prompts you to do extreme challenges and take risks to attain ultimate happiness and satisfaction in life.

Despite most people who regard this as a trend or “too illogical” to do, it can make us think about our risk tolerance.