Month: February 2022

One of the biggest benefits of buying a used car is that annual depreciation is lower than a new vehicle. But used car prices have soared over the past year and are now 40% higher than they were this time last year. As a result, it will now cost you more than ever to become a used car owner. So, is it really worth buying a second-hand vehicle? Upfront costs  Right now, the average cost of a used car is $33,000. In 2019, it was just $17,500, so you can see how much of a jump there has been. The typical new car price has gone up too, but only by 15% to $45,000. One thing to think about is how you’ll pay … Read more

Buying and selling shares on the stock market require in-depth research about certain companies. Understanding how well these companies perform based on historical data can give advantages when it comes to making certain decisions.  If you’re a newcomer, navigating the stock market and understanding how to value shares can be overwhelming. There are so many different data sets and metrics to look at, and it can be difficult to know where to start.  However, in this article, our goal is to aid with how to value shares and accurately understand a stock’s worth. Hopefully, after finishing, you’ll be aware of the most simplified manner of establishing this value.   Are you a newcomer to the stock market or just recently gained … Read more

Getting married is a huge milestone in anyone’s life. It’s a day that you’ll want to remember for the rest of your life. However, if you’re on a tight budget, planning a wedding can be difficult. Don’t worry, though. We’ve got you covered! Here we will discuss the best ways to get married without breaking the bank. Only Invite Immediate Family One way to save money on your wedding is only to invite immediate family members. This will help keep the guest list small and manageable, which will help you stay within your budget. If you want to include more people in your wedding, consider having a smaller ceremony and hosting a larger reception afterward. This will allow you to … Read more

More than 1.5 million people in the US file for bankruptcy every year. Excessive or poor use of credit is one of the leading causes of these cases.  Even Singaporeans are not immune to insolvency. The country has one of the most stable economies, yet their people and companies still file for bankruptcy. In 2021 alone, they recorded 3,106 insolvency applications, 2,045 of which were discharged. The number of bankruptcy cases in Singapore is far less than that in the United States. Yet, what’s clear is even in the most robust economies, insolvency can happen. This is precisely why every individual should be financially literate. It helps you better understand your finances. You will also understand how credit works. Apart … Read more

Are you struggling to pay your bills and meet your lifestyle goals? Before you resign yourself to working from dawn until dusk, consider setting up a passive income stream or two. A passive income might just save you during months where work or finances grow tight, and it can also help you reach your financial goals faster. Here’s your primer on the importance of non-active income.  What is passive income? A passive income means receiving money without actively working a job, such as an office job. To build a passive income stream, you can either create, buy, or contribute towards a service or an asset that generates money.  Whether you’re interested in investing in farmland or going classic with stocks … Read more

The high cost of a college degree is currently at an all-time high. Due to this unique situation, very few working adults can afford to pay for an education from an ordinary savings account. Modern times call for special techniques and creative thinking on the part of prospective college students or on the part of parents who want to cover some or all of a child’s education. What strategies make sense? One of the most common and useful ones is to set up a special savings account for the purpose and contribute to it every payday. These college funds usually don’t pay all the bills but can at least put a dent in schooling expenses when the time arrives. Other … Read more