I was reading an article about the impacts of debt on millennial couples by therapist Emma Carpenter. While reading this article I thought about when my wife and I began our journey to pay down debt and decided to write about some ways, we can get our spouses on board with paying down debt. In […]
How to Get Your Spouse on Board with Paying Down debt Read More »
So, we are back again to share 10 financial terms young professionals should know. This is our third list to bring our total to 30 terms!
10 Financial Terms Young Professionals Should Know: Part 3 Read More »
Learning new terms that can help us improve our knowledge about financials is essential as young professionals. It’s important for us to learn and understand what these financial terms mean and how they affect us and our family.
10 Financial Terms Young Professionals Should Know: Part 2 Read More »
I remember when I began to hear financial terms that I never heard of before. I wrote some down and began to learn what the terms meant and how it will affect me and my family. As young professionals its important for us to have a general understanding of what these terms mean. I’ve come up with a list of some financial terms that we should know. Investing in ourselves also includes us improving our financial literacy so that we can be aware of what’s taking place and be able to make any changes necessary.
10 Financial Terms Young Professionals Should Know: Part 1 Read More »
I recently had a conversation with a group about not waiting for others to throw them a safety net. We need to be more financially responsible. For years we’ve been looking for the government to help us with our problems in our community. Crime is at an all-time high; the literacy rates of black boys
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So, life insurance is for old people, right? Yea, I kind of thought the same thing too until I did some research on life insurance. Life insurance is a contract between the policyholder and the insurer. The insured agrees to pay a premium to the insurer/carrier in exchange for a sum of money sent to their beneficiary when the insured dies. Life insurance can be helpful in case of the death of a spouse, child, or family member. Here are 8 reasons why life insurance is a must.
8 Reasons Why Life Insurance is a MUST! Read More »
Life insurance is a great way to protect your family in the event of a death. We have all seen the commercials on TV, but sometimes it doesn’t seem like it would benefit us at the time. Some may feel that life insurance is just for the elderly. That’s not true, life insurance premiums are cheaper when you’re younger and get more expensive as you age. Also, health conditions play a key part in the cost as well. I have seen many circumstances where someone’s family member dies, and the loved ones of the deceased have to start a GoFundMe or other types of fundraisers just to pay for the funeral and related expenses. That influenced my decision to get a policy for myself to protect my family if I were to die unexpectedly.
3 Life Insurance policies and how they can help us! Read More »
We are all looking for ways to get in control of our finances. There are many ways we can start. One of the first steps we can take is by budgeting. Budgeting is not just for Mom and Dad! Budgeting is a way for us to organize how we are spending and not be surprised by costs and waking up to overdrafted bank accounts. I’m sure there are more than seven reasons but these are my seven 🙂 and I will like to hear some of your reasons in the comments below. Enjoy!
7 Reasons We Should Start to Budget Read More »
Finances are just for adults, right? If you said yes, then I respectfully disagree with you. We sometimes say to ourselves “I wish I started learning about finances when I was younger.” So, why is it that our children can’t start learning about finances at a young age? In the times that we are living in now I believe we should, if we haven’t already, share our view of finances with our family in our household. Now, I am not saying that your child should know how much your credit limit is or the balances on your loans. What I am saying is, a child should know the basics of finances like not to go over 30% of credit utilization and staying under 10% is preferred. They should learn about budgeting and investing. They should learn about APR and amortization schedules. You don’t have to show them your financial statements if you are uncomfortable with that because there are plenty of examples on the internet. Our schools do not teach this information, so we have to start finding ways to do it ourselves. Here are 10 ways we can teach our kids and young adults about finances.
How can we teach our children about finances? Here are 10 ways! Read More »
