Understanding your financial IQ is crucial for making informed financial decisions and achieving long-term financial success. Your financial IQ, or financial intelligence, is a measure of your knowledge and understanding of various financial concepts and principles. Check out the books and tips below to increase your Financial IQ.
The kids (finally) moved out! Now you can plan those vacations for just the two of you, delve into new hobbies you’ve always wanted to explore… and decide whether or not you should keep your life insurance as empty nesters. The answer is YES! Why? Even though you and your spouse are empty nesters now, life insurance still has real benefits for both of you. One of the biggest benefits is your life insurance policy’s death
Debit cards are convenient. Just swipe and go. Even more so for their mobile phone equivalents. We like fast, we like easy, and we like a good sale. But are we actually spending more by not using cash like we did in the good old days? When using plastic, the reality of the expense doesn’t sink in until the statement arrives. And even then it may not carry the same weight. After all, you only
We have an odd relationship with splurging. Many of us treat it like a guilty pleasure and almost take a little pride in our extravagant purchases, even seeing it as “self-care”. But there’s also a part of us that knows we’re not being wise when we senselessly spend money. So how do we resolve that tension between having fun and making good decisions? Here are a few ideas to help you splurge responsibly! Budget in
Graduating from college is a big deal. It represents a transition from student to adult for millions of people. But leaving university and joining the workforce can be intimidating. Looking for a job, paying bills, commuting, and living independently are often uncharted territory for recent grads. Here are a few tips for fresh graduates trying to get on their feet financially. Figure out what you want It’s one thing to leave college with an idea
Plenty of people move back in with their parents. Data found that 37% of Californians and close to 1.9 million people in Canada between 18 and 64 live with their parents (1 & 2). That might not sound ideal, but is it really that bad? Here are some pros and cons to consider before deciding to move back home. Pros Living with your parents isn’t necessarily the end of the world. For starters, it might
Should parents give their children an allowance? It’s a surprisingly difficult question to answer. Teaching your kids how to handle money is important. But how you go about giving them cash can set precedents that last a lifetime. Here are a few different takes on giving your kids money. Not giving your kids money There’s a lot to not love about this system at a glance, especially if you’re the kid. It seems like a
