Recent Articles in Money Management
The Wealth Game: Lessons from Professional Athletes on Managing Personal Finances Professional athletes are often seen as the epitome of wealth and success, their luxurious lifestyles, gargantuan paychecks, and international stardom painting a picture of unmitigated triumph. Yet, the veneer of success can be misleading, as many athletes find themselves grappling with financial woes, sometimes...
Financial freedom usually means having enough savings, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our families. It means growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year. Financial freedom means our money is working for us rather than the other way around.
How to Change Your Attitude toward Money for a Better Financial Future Managing your finances is a crucial part of being an adult and can be overwhelming, especially if you haven’t been taught the right habits and developed the right attitudes toward money. But it’s never too late to change and start living a better...
How are Lottery Winnings Taxed? Are you dreaming of winning the lottery and hitting the jackpot? We all know the thrill of imagining what we could do with all that cash – from traveling the world to buying a new house or car. But before you start counting your winnings, it’s important to understand the...
You can hate money or love money, but it’s nearly impossible to be ambivalent about it. Whether you hate credit card debt, love the convenience of debit cards, wish you had more greenbacks, or tire of working yourself weary for a paycheck, money plays a critical part in human life. With such a starring role in human well-being or misfortune, it’s no wonder money creates such strong emotions and feelings.
The best credit counseling can identify multiple solutions for your situation and goals and empowers you to make forward progress. Learn what to look for when seeking help.
Question: What should I do if I just lost my job and can’t make my bills? David W. from Las Vegas, NV Answer: If you’ve lost your job and can’t make your bills, take action quickly, create a plan, and explore options like unemployment benefits, government assistance, and debt relief programs. Hi David, Hello...
Question: How can I avoid falling into debt again after completing a debt management plan? Samantha H. from Detroit, MI Answer: To avoid falling into debt again after completing a debt management plan, it’s important to stick to a budget, avoid taking on new debts, and build an emergency fund. Hi Samantha, It’s Finny...
One of the riskiest situations you can find yourself in when it comes to managing debt is habitually making late payments. Falling behind on your bills can be caused by many factors — you may not have a monthly budget that’s easy to work with, or you may have experienced an emergency situation wherein you...
Preparing for the loss of a job, and knowing what to do in case you find yourself unemployed, can make a positive difference in how you recover. The US economy appears to be nearing shaky territory. Current economic instability, due in large part to ongoing inflation concerns, increases the need for vigilance when it comes...
