10 Bad Spending Habits You Should Avoid

As the saying goes, “ignorance is bliss” but when it comes to spending money, ignorance will only shelter you for so long. Someone who spends money irresponsibly and in an unsustainable way will eventually find themselves in debt, which in turn can lead to a load of problems. For example, you may find it difficult […]

8 Signs you are Tuning into a Cheapskate

Are you torn between frugality and cheapness? Some people go down the rabbit hole of frugal living so far down that they lose touch with reality. They become paranoid and restlessly want to find ways to save money. Even if it is at the cost of their health, hygiene, or social status. Here are 8 […]

Understanding Abnormal Return to Avoid Surprises

An abnormal return refers to the generation of unusual profits over a specified period of time, by the given portfolios or securities. The performance differs from the anticipated RoR (rate of return). The anticipated RoR is the expected return. The same is calculated as per the asset pricing model using multiple valuations and historical average. […]

What is a Sinking Fund?

A sinking fund is basically a type of fund in which a certain amount of money is set aside or saved. This saved amount can later on be used for the purpose of repaying the debt. Understanding the concept of sinking funds The main purpose of the sinking fund is to cover up for the […]

Can Debt Ruin Your Long-Term Plans?

Debt is a scary word. No one wants to feel a sense that they owe something—especially when it’s to a faceless lending agency. Still, debt is a very real part of most people’s lives. This isn’t going to change anytime soon. Despite being so common, debt can ruin your long-term plans if you don’t find […]

How to Minimize Spending Without Ruining Your Fun

One of the reasons so many of us struggle to cut our costs is that we try to go cold turkey with the idea. We equate spending less with not spending at all, so it’s no wonder we soon grow out of love with the notion. While complete self-denial is a great tactic for people […]

How to Keep Your Business and Personal Accounts Separate

When you run a business, it is important that you try your best to keep your business and personal checking account separate. If you start to transfer money between these accounts, you’ll find that you encounter problems in the future. In this article, we are going to discuss some of the ways that you can […]

Financial Danger Signs You Should Know About

Knowing that you’re in financial danger is the first step to finding a way out. Insolvency is a state in which you cannot afford to pay back your debts. Insolvency is determined by a trustee in bankruptcy, more recently known as a Licensed Insolvency Trustee. It’s also something that can happen slowly. You may not […]

New GOP Tax Plan could Cause People to Fall in Debt

Recently, the Republican-controlled Congress released its latest plan for tax reform. The goal, according to those within the party is to cut business tax rates while also cutting individual rates and the deductions that people and businesses are able to claim so that revenue does not drop too low. Some people will come out better […]

Financial Independence: Is It Really Possible for Anyone Paying Off a Scary Mortgage Every Month?

In the current UK climate, mortgage debt is seen as a necessity. Mortgages are the only way for the larger percentages of the population to get on the property ladder. However, the proliferation of mortgage debt hasn’t made it less of a huge issue. The average UK household debt as at November 2016, with mortgages […]