Learn more about one of the most important factors to consider when taking out a loan.APR is the annual percentage rate of interest that you pay on your credit card balance. APR is calculated by adding up all the interest charges and fees you paid over the course of a...
Guide to Detecting a Debt Trap in Your Financial LifeDebt is a trap that feeds on itself. The cycle of debt traps people and they can't get out of it. The term debt trap is used for a couple of different financial concepts: 1) A person's inability to repay their debts...
What are common money problems and financial issues people face? Financial problems and money issues are common in everyone's life. The three most common money problems people face are: "I can't seem to save enough" "I'm broke and don't know how to manage my finances"...
How to Break the Cycle with Three Steps to Budgeting SuccessWhen you get a paycheck your first thought might be "How am I going to spend this? Should I put it in savings or spend it?" If you're like me, the second question is always when am I getting the next...
Saving money is hard enough when you're living paycheck to paycheck.When you're also responsible for rent, utilities, groceries, and student loans, it can be damn near impossible. There are several things you can do to make your money go further. The first is to cut...
Financial budget can help you plan for the future, stay on top of your spending, and save money.3 Reasons Why You Need a Budget Template Right Now People often think of a budget as being restrictive, but it doesn't have to be! With a budget template, you can set...
You can end up spending more with “Buy now, pay later” options "The ‘buy now, pay later’ trend could be the next hidden source of consumer debt. Analysts warn that this growing industry can lead to excessive personal debts without warning and with little recourse for...
It is slowing down but still far from over.WalletHub statistics show that in the first quarter of 2021, Americans paid off a whopping $56.5 billion in credit card debt. Personal finance website found that the U.S. credit card debt delinquency rate was 1.22%, and...
A quick introduction to JoolaJoola is a savings and rewards app that helps people build access to capital, regardless of socioeconomic status. We offer an alternate pathway for friends and family to save money using the rotational savings method. What is the...
Financial wellbeing is achieved when people are in control of their money and their livesRetail therapy can send dopamine to your brain, making you feel like all your problems have melted away. But at the end of the day, your dopamine high will be cut short by the...