Balancing Acts: Financial Planning for Artists in Uncertain Times

In the world of arts, where passion reigns supreme and financial rewards are often unpredictable, managing personal finances can feel like a delicate dance, much like the precise art of ballet. As artists, we thrive in our creative endeavors, pouring our hearts into each performance, painting, or composition. However, the ebb and flow of creative … Read more

How Do I Improve My Personal Finance Skills?

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Improving your personal finance skills is a valuable goal, and it can be achieved through a combination of education, practical experience, and discipline. Here are some steps and strategies to help you enhance your personal finance skills: Remember, improving your financial skills is a journey, not a destination. It takes time, effort, and continuous learning, … Read more

The Changing Role of Wealth for Millennials

The way money is handled and passed down has seen significant social changes over the past few generations, reflecting broader shifts in values, technology, and economic landscapes. Traditionally, wealth transfer was straightforward, often staying within the family through inheritances and estates. However, recent generations have witnessed a shift towards more diverse and complex methods of … Read more

Managing Money in Multi-Partner Relationships

Navigating the intricate dynamics of polyamory extends beyond the emotional and relational realms – it also encompasses the practical, particularly in the realm of finance. Managing money in multi-partner relationships offers a unique set of challenges and opportunities, requiring a level of transparency, communication, and flexibility that may not be as pronounced in monogamous setups. … Read more

Zero-Based Budgeting: Giving Every Dollar a Job

Welcome, dear readers! Today, let’s tackle a budgeting method that can help us gain more control over our finances. It’s called zero-based budgeting. Zero-based budgeting is a method where your income minus your expenses equals zero. But don’t be alarmed – zero in this case doesn’t mean empty pockets! Instead, it means that every dollar … Read more

The Ethics of AI in Personal Finance

In today’s digital age, artificial intelligence (AI) is no longer just a buzzword or a distant concept from a science fiction novel. It has become an integral part of our daily lives, especially in managing personal finances. From automated investing platforms to sophisticated budgeting apps, AI has revolutionized how we interact with our money. But … Read more

Budgeting with Bipolar: Financial Highs and Lows

When it comes to managing finances, individuals with bipolar disorder face unique challenges. Bipolar disorder, characterized by alternating periods of elevated mood (mania) and depression, can significantly impact a person’s ability to make sound financial decisions. During manic phases, an individual might be prone to impulsive spending, taking on debts, or making high-risk investments. On … Read more

The Crucial Role of Investment Diversification

Diversification is key in investing, spreading investments across various assets, industries, and locations to manage risk and seize opportunities. Benefits include mitigating risks, capitalizing on diverse market cycles, and achieving long-term goals. Common mistakes to avoid include overdiversification, ignoring correlation, and neglecting rebalancing. Embrace diversification for a balanced and resilient portfolio.

Making Major Purchases Without Sinking into Debt

The financial landscape poses challenges for many Americans, with 55% unprepared for major expenses. Managing big purchases involves personalized saving methods, quality investment, prudent research, and avoidance of impulsive buys. Creating a designated account, utilizing savings tools, and considering long-term value are key strategies. Anticipating and planning for significant expenses ensures financial stability and peace of mind.

The Heart of Money: An Insight into Behavioral Economics

Behavioral economics is like the vibrant underpainting of a traditional economic canvas. It adds depth and color to the otherwise black-and-white world of traditional economics, painting a more holistic and realistic picture of how we make financial decisions. Simply put, behavioral economics is the study of psychology as it relates to the economic decision-making processes … Read more

How to Rebuild Your Credit Score from Scratch

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Credit: a five-letter word that carries immense weight in our financial lives. A good credit score opens doors to opportunities – from securing a mortgage to getting a favorable loan rate. But what happens when your credit score is less than ideal? Whether it’s due to past financial mistakes, unexpected hardships, or simply a lack … Read more

How to Communicate About Finances With Your Loved Ones

financial communications

In our journey through life, one of the most complex and often uncharted territories is that of financial communication with our loved ones. Money, an entity so deeply intertwined with our emotions, dreams, and fears, often becomes a source of tension in relationships. But why is talking about finances so fraught with difficulty? It’s not … Read more

Digital Coupon Clipping: Maximizing Savings in the Online Era

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In the ever-evolving landscape of e-commerce, the age-old practice of coupon clipping has undergone a digital transformation. Gone are the days of meticulously cutting out coupons from newspapers and magazines. The digital era has ushered in a new wave of online coupon clipping, offering savvy shoppers a plethora of opportunities to save money with just … Read more

How to Avoid Online Scams

Shot of an unrecognisable hacker using a laptop to hack into a credit account.

As our lives become increasingly digital, the opportunity for cybercriminals to infiltrate our financial security also grows. Online scams can take many forms – from phishing emails to fraudulent websites. Protecting your finances in this virtual landscape requires vigilance, knowledge, and proactive measures. In this article, we’ll discuss some effective strategies to help you avoid … Read more

The Unique Financial Challenges of Generation X

As a member of Generation X, the “sandwich generation,” I can attest to the unique financial challenges we face. We are often balancing the costs of raising children, supporting aging parents, and planning for our own retirement. Our financial responsibilities seem to pull us in multiple directions, making financial wellness feel like an elusive goal. … Read more

Parenting on a Budget: My Journey as a Single Mom

Mother and daughter celebrating Christmas eating a cupcake

As I sit here today, a certified financial psychologist, author, and advocate for financial wellness, I can’t help but reflect on the winding road that brought me here. It’s a journey punctuated by highs and lows, moments of despair, and flickers of hope. But there’s one aspect of this journey that profoundly shaped who I … Read more