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.
It’s never a bad idea to prepare for a financial emergency. Unexpected expenses, market fluctuations, or a sudden job loss could leave you financially vulnerable. Here are some tips to help you get ready for your bank account’s rainy days! Know the difference between a rainy day fund and an emergency fund … but have both! People often use the terms interchangeably, but there are some big differences between a rainy day fund and an
Dealing with finances is a big part of any committed relationship and one that can affect many aspects of your life together. The good news is, you don’t need a perfect relationship or perfect finances to have productive conversations with your partner about money, so here are some tips for handling those tricky conversations like a pro! Be respectful Respect should be the basis for any conversation with your significant other, but especially when dealing
It’s your lucky day and you’re flush with cash. Maybe you just got a bonus at work, or a tax refund, or won that scratch-off lottery ticket. Hold up. Don’t spend it all just yet. There are some great ways you can put that windfall to work for you before it disappears during a spontaneous shopping spree. 1. Pay off those credit cards This may not seem like quite as much fun as the Paris
Does anything sound better than being your own boss? Well, maybe a brand new sports car or free ice cream for life. But even a state-of-the-art fully-decked-out sports car will eventually need routine maintenance, and the taste of mint chocolate chip can get old after a while. The same kinds of things can happen when you start your own business. There are many details to consider and seemingly endless tasks to keep organized after the
Talking to your spouse about money can be tricky. Different spending habits and conflicting money management values are sometimes sources of tension between partners. Finances are the number one cause of arguments within relationships. In fact, it’s one of the most common reasons for divorce (1). With bills to pay, emergency expenses, and a child’s college tuition and retirement on the horizon, many couples find their finances are stretched as they seek solutions to cover
Nearly one quarter of Americans and almost half of Canadians have no emergency savings, according to a recent report. (1&2) Without an emergency fund, you can imagine that an unexpected expense could send your budget into a tailspin. That’s why building an emergency fund is so important. You CAN do this! 4 tips to building your emergency fund Where to keep your emergency fund Keeping money in the cookie jar might not be the best
