Category: Financial Literacy & Money Management
Articles related to financial literacy and money management.
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Gigonomics: Mastering Money in the Freelance World – Part Two
The journey of mastering money in the freelance world, as we have begun to uncover, demands both practical skills and a resilient mindset. The growing appeal of freelance work lies in its flexibility and autonomy, yet this path presents financial realities distinct from traditional employment. The natural income fluctuations, responsibility for taxes and benefits, and… Read more
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Gigonomics: Mastering Money in the Freelance World – Part One
Mastering money in the freelance world is an ongoing journey that requires both practical skills and a resilient mindset. The allure of the freelance lifestyle, along with its flexibility and the freedom to pursue one’s passions, has drawn an increasing number of individuals away from traditional employment. A career path like this presents unique circumstances… Read more
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How to Achieve Financial Security: Planning, Executing, Controlling
Many of us who strive to achieve financial security often do not know where to begin. Having a decent income is a start, but it is far from being financially secure. Handling expenses properly will help contribute to and achieve your financial goals. This not only provides emotional stability but allows you to pursue other… Read more
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The Effects of Debt: Pressures of Spending Money
Having debt can be one of the most overwhelming experiences in life. Understanding the effects of debt will put you in a proper position to handle it mentally. The problem is not having debt, but controlling it with a positive mindset. People pay close attention to individual debt but apparently could not care less about… Read more
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The Importance of Financial Literacy & Money Management
Financial literacy is the most important concept to study when learning about money. During our younger years in school, we learn very little about the real world, especially about income. Most of us learn to take our hard-earned, hourly income, and use it for paying expenses. This could not be further from the reality of… Read more
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Beyond the Bottom Line: Effects of Debt on Mental Well-being
The effects of debt on mental well-being are more than just a numerical burden. Debt can become a relentless source of stress, anxiety, and even despair, significantly impacting overall quality of life. The constant pressure of unpaid bills, inevitable deadlines, and collection calls can create a sense of unease, making it difficult to focus on… Read more
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Senior Debt and How to Overcome It
Retirement does not always mean financial security. Plenty of seniors encounter numerous challenges that may lead to debt. It is important to recognize that senior debt is a growing concern and there is no shame in wanting to overcome it. Many seniors live on fixed incomes, such as Social Security or pensions, which often struggle… Read more
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Great Ways to Work Smart: Changing Your Mindset
There are many great ways to work smart and not hard, you just need to change your mindset. As a critical reminder, it is not how much money you make, but how much you spend. Most Americans, for example, spend all of their paycheck and save none of it. Get into the habit of saving… Read more
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Getting Paid for Your Value, Not Just Your Time
When working at a company you get paid whatever they see your value. This value is usually at a minimum pay, required by the government, otherwise, they would probably pay you less. Working for a company and doing the work of two people should entitle you to be paid double, but it never works that… Read more
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Stop Being Weird With Money
Many people are too close to their money and refuse to talk about how much they make, especially what they do with it. This type of behavior leads to people being weird with money. They never want their friends or family to know how much they make because of this obsessive need to have the… Read more
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Beyond the Mortgage: Discovering New Paths to Your Dream Home
Obtaining a mortgage can be an absolute nightmare if you do not have your finances in order. The idea of getting a mortgage can be rather easy provided you have a two-year history of working, a good credit score, and saved enough for a down payment. The problem is that not everybody has these things… Read more
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The Importance of Saving Money in a World of Inflation
The importance of saving money is more valuable than it ever has been. With inflation, everything is much more expensive than a few years ago. People who are financially struggling as is, find it even more impossible to live day-to-day, let alone save for a future. Remember when you could grab a coffee and a… Read more