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Personal Finance

Personal Finance

Passing Financial Literacy onto Children

Teaching children how to manage money starts at home.

According to Wikipedia, Financial Literacy is defined as follows: “the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.”

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Personal Finance

3 Ways of Thinking That Could Increase Your Wealth

When money is tight and worries set in our mindset changes. We start to think in the “why did I?” and “what if?” frame of mind, which not only adds negativity to the situation but also doesn’t help us escape from it. There’s no doubt that making mistakes can teach us lessons. However, if we dwell on the past and worry about the future, we’re not focusing on the present which is where we need to be in order to make positive change.

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Personal Finance

Welcome to Financial Literacy Month – April 2017

Back in March of 2004, a Senate resolution was passed designating April 2004 as Financial Literacy Month. According to FinancialEducatorsCouncil.org, every year the Senate votes on this resolution which states: “…that the President issue a proclamation calling on the federal government, States, localities, schools, nonprofit organizations, business, other entities and the people of the United States to observe the month with appropriate programs and activities.”

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Personal Finance

Can a home warranty save you money?

Before talking about the pros, cons and potential money savings a home warranty can offer, it’s a good idea to know what a home warranty actually is.

A home warranty is a contract (usually a one-year term) that helps cover the cost for the repair or replacement of many home systems and appliances. There’s quite a variety of home warranties available today, which is why researching different companies and learning about what they offer is an important part of the home warranty selection process.

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