The whole point of us spending the entirety of our younger years working and earning moneyis so that we can save enough for our later years when we will not have as much energy to work. This is why this period is referred to as
The reality of economics is that at some point in your life, you will be forced to borrowmoney in order to be able to achieve certain milestones such as owning a home, a car or even doing an MBA in order to get a promotion
One of the most assured ways of achieving your long term financial goals is investing your money. This is especially true if you start early in life. Investing goes beyond just having a savings account, or a retirement plan, rather it extends to investing in
No one can deny that credit and debit cards have made life much easier and brought a lot of convenience in the way we do our day to day transactions. However, much of this convenience still does not outweigh the benefits that came with cash
We all know that college education is expensive. It is for this reason that currently college debts rank as one of the highest reasons for debt among young people under the age of 30 years in the United States of America. Millions of college students
It is said that prevention is the best medicine. This is true especially in economics and to be more specific debt, in that the best way to avoid falling into debt is by not letting the debts accrue in the first place. The reason we
No one wants to live their life knowing they owe someone or a creditor money and that this person or creditor can come at any time to repossess their things in order to recover their money. This is certainly not what people have in mind
Most people don’t understand the effects on inflation on their finance. In fact, they will never notice the effects of inflation until it is probably too late to do anything about it. Inflation will generally lower the value of your money as the prices forconsumer
In economics, inflation can be described as a sustained increase in the prices of goods and services in an economy over a period of time. The more the prices rise, the more money loses its value as citizens are able to buy fewer and fewer
In economics, every once in a while we are faced with monetary realism and we find ourselves questioning different factors like where does money get its value from? Or how does society learn to trust these pieces of paper or coins as mediums of exchange?