How To Deal With Financially Challenging Friendships

Personal Finances

Friends are the family we choose for ourselves. But some friendships can be a serious drain on your savings. If you recognize these kinds of people in your life, it’s hard to know what to do. Here are several examples of financially dangerous friends and how to handle them. 1.) Party every night It’s great to blow off steam with …

Time Is Money: How To Calculate Your Wage For Savings

Personal Finances

Exchanging time for money is a primary economic activity. It underscores every transaction. You go to work and trade your time and labor for a salary. You’re tired on the way home, so instead of cooking, you exchange money for the time and energy of a fast-food worker. You want to go out to dinner with your partner, so you …

Share Savings Certificates: How To Keep Your Money Spinning

Personal Finances

Share Savings Certificates are an excellent savings option. First of all, they’re NCUA-insured.  Second, they have a better dividend rate than a savings account.  And, generally speaking, they’re safer than the stock market. But, before you lock up your money, answer these questions: 1.) What am I saving for? If you’re saving for a rainy day, you’ll need the flexibility …