Boost your financial literacy. Understand fundamental financial concepts, from investing and saving to budgeting and retirement planning. Get practical advice to make informed financial decisions.
The first time I encountered the concept of risk and reward was not in an investing book or during a finance class. Instead, it was during a daring rescue mission in Space Invaders, where I had to decide whether to go for the high-score alien (high risk, high reward) or play it safe and clear … Read more
Navigating the maze of personal finance can often feel daunting, especially when it comes to understanding and managing credit. Yet, it’s a critical aspect of financial health that holds the potential to open or close doors, quite literally. Let me tell you a story. A close friend of mine, let’s call him Jake, was a … Read more
Hello there, financial explorers! Sofi Abdurahman here, ready to whisk you away on an exciting journey through time and money – all the way from the ancient salt bars of Ethiopia to the digital frontiers of Bitcoin. Are you buckled up? Good! In the vast landscape of finance, nothing has been quite as revolutionary or … Read more
Did you know that the word ‘mortgage’ comes from the Old French term for ‘dead pledge’? Sounds ominous, doesn’t it? Don’t worry – your house isn’t haunted, but there’s a fascinating historical and linguistic journey behind the name. A friend recently celebrated refinancing her mortgage. Amidst the excitement, she asked a question that stopped me … Read more
In an increasingly digital age, credit has become a cornerstone of financial independence. Yet, its intricacies often remain a mystery to many – especially the younger generation, Gen Z, who are at the beginning of their financial journey. As they step into adulthood, understanding credit, its management, and its implications on future financial opportunities becomes … Read more
Living with roommates can be a great way to share expenses and create a supportive living environment. However, it’s important to establish clear financial guidelines to avoid potential conflicts and ensure smooth cooperation. In this article, we’ll explore effective strategies for managing home finances when living with roommates. From splitting expenses to tracking bills and … Read more
In a world where financial transactions and money management have become integral facets of daily life, it’s astounding to realize that a substantial portion of the global population remains underbanked or even unbanked. These individuals often find themselves on the fringes of the financial system, unable to access essential services such as loans, savings accounts, … Read more
Student loans – a term that resonates with the majority of young individuals seeking to better their futures through education. However, with tuition fees escalating year after year, a significant number of students find themselves in a financial quagmire. This article delves into how student loan debt is affecting the financial future of individuals and … Read more
Losing your wallet, credit cards, and money while on vacation can be a distressing experience. However, it’s important to stay calm and take immediate action to mitigate the impact and protect yourself from potential financial and identity theft risks. In this blog post, we’ll provide you with a step-by-step guide on what to do if … Read more
Divorce brings significant emotional, legal, and financial challenges. Among these, rebuilding your finances may feel like an uphill battle. While there is no one-size-fits-all answer to the question of how long it takes to recover financially from a divorce, there are important factors to consider on your journey to financial stability. In this blog post, … Read more
In today’s technologically driven world, children are growing up with devices in their hands. While the internet has opened up a plethora of educational and entertainment options for kids, it has also exposed them to various cybersecurity risks. As parents, guardians, and educators, it is our responsibility to teach the next generation about the importance … Read more
As a wave of concern sweeps across the United States, the Supreme Court has nullified the student debt cancellation of up to $20,000, as proposed by President Joe Biden last year. This ruling affects around 40 million borrowers who had benefitted from the payment pause during the pandemic. With repayments set to recommence in October, … Read more
A question that lingers in the minds of many is: Is financial independence attainable for those who don’t come from wealthy backgrounds? Let’s explore this multifaceted topic and shed some light on the paths to financial independence for individuals from various socioeconomic backgrounds. Financial independence is the state where you have sufficient personal wealth to … Read more
It’s a turbulent sea out there in the financial world, and navigating it without a compass can be daunting. Financial advisors are often the compasses, guiding you through the stormy waves of investments, taxes, and retirement plans. But with a plethora of advisors out there, what really sets apart a good financial advisor? Is it … Read more
When it comes to managing ADHD, especially in the context of finances, our previous article suggested creating a routine as a possible solution. However, the feedback from our readers, many of whom have ADHD, has been enlightening. It is clear that a one-size-fits-all approach, like simply advising to create a routine, doesn’t work for everyone … Read more
In an age where every penny counts, finding innovative ways to reduce household expenses is not just smart – it’s essential. But let’s face it, no one wants to live like a hermit just to save a few bucks. Striking the right balance between saving money and maintaining a comfortable lifestyle can be an art. … Read more
The next time you’re about to make a financial decision, take a moment to think: What would an existentialist do?
Traveling can be a thrilling experience. However, as you relish the joy of exploring new places, it is essential to stay vigilant and protect your identity and data. With the rise in digital footprints, travelers are often targets for data breaches and identity theft. I’m on my way to Florida this weekend to celebrate my … Read more
Hey Anika, I’ve been a regular reader of your financial wisdom on Revyo, and let me tell you, your articles are a breath of fresh air! I can finally understand all these financial jargons people throw around. So here’s my story: I’m Carla, a 65-year-old art teacher who just hung up her brushes and retired … Read more
Phishing attacks are one of the most common and dangerous types of cyber threats that can lead to identity theft, financial loss, and unauthorized data access. The term “phishing” is derived from the word “fishing” as it is akin to throwing a baited hook out there and hoping someone bites. In this post, we will … Read more