Have an Extra $1,000 in Your Savings Account? Here Are 3 Ideas!

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Money Puzzle

Did you know that you’d only earn about $8 in interest if you put $1,000 in a savings account for 10 years? Where to invest 1000? The national average interest rate for savings accounts is a measly 0.08%, which is a drop in the bucket compared to the potential returns you could get if you invested that money instead of leaving it in a regular savings account. Of course, the next option – Certificate of Deposit – isn’t much better, with current rates hovering around 1-2% for 24-48 month terms ($40 in interest for a $1,000 CD at 24 months or $82 for the same amount at 48 months). Savings accounts are good for having easily accessible cash in case … Read more

Wismo Review – Budgeting and Expense Tracking Smartphone App

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In an ideal world, humans would be great at keeping track of their own expenses and savings or we would have robots and algorithms smart enough to autonomously manage all of our financial matters for us. Since neither of these ideal scenarios exists, it’s up to us to figure out the best solutions for managing our finances, tracking our expenses, calculating our budgets and figuring out how to avoid/overcome common personal finance problems like accumulating debt or saving money inefficiently. There are plenty of budgeting apps, robo-advisor platforms and other great fintech apps available for everyday consumers today, but few offer the same social experience as Wismo, the budgeting and expense tracking app, made for people seeking self-improvement and social … Read more

Not Sure Which Type of Business Is Right For You?

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Not Sure Which Business Is Right For You?

Starting a business can be a lot of fun if you know what you’re doing, but it can be wrought with tension if you’re unsure about something as basic as what kind of business you’re going to have. Even if you have an idea about the industry you’d like to work in, you may be unsure as to the specific type of business you’re going to start. Deciding which business is right for you can be made a little easier when you’re willing to put a little consideration into the kind of business you’d like to start and the way you would like to stat it. Here are a few things for you to consider when you’re looking to start … Read more

Top 4 Ways Hiring a Freelancer Saves Your Company Money

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Top 3 Home Business Opportunities To Boost Your Income

According to the Bureau of Labor Statistics, more than 53 million American workers (one in three) now earn money from freelance jobs. Many individuals like working as freelancers because they get to create their own schedules and earn extra money. But, should companies hiring a freelancer? Companies also have several good reasons for hiring a freelancer over employees. If you don’t use freelancers already, you should think about these four ways that hiring freelancers can save your company money. Hiring a Freelancer Saves Your Company Money You Spend Less Money on Real Estate and Equipment Every employee who works in your office takes up several feet of space. The fewer people you hire, the less money you have to spend … Read more

Only Certain Home Improvement Projects Will Pay You Back

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Only Certain Home Improvement Projects Will Pay You Back

In many markets and today’s economy, most of your home improvement projects and remodeling projects are not going to make you money. You won’t see a good home improvement return on investment for all your remodeling projects. The money that you spend remodeling your bathroom, adding a deck, or finishing a basement will unfortunately not translate dollar for dollar in new home equity. If you spend $10,000 remodeling your master bathroom, that rarely converts to $10,000 in added home equity if you were to put your home on the market immediately afterward. Home Improvement Return on Investment Some projects have a higher impact or rate of return. One great rule of thumb is that anything with running water, such as bathrooms … Read more

Guide to Investing in Your 20s – Everything You Need to Know

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How To Not Let Investing Intimidate You with Wall Street Survivor

When you’re in college and/or new to the full-time workforce, finding the motivation to regularly save money can be challenging after so many years of relying on your parents and minimum wage, part-time jobs to pay for the things you need and want. Now that you’re bringing in a decent income on your own, it can be tempting to splurge on the things and experiences you’ve been wanting for so long but couldn’t partake in due to income limitations. However, getting on the track to long-term financial stability should be one of your biggest goals for your 20s, and that starts by consistently saving and investing a percentage of your income. This should also include retirement planning; although you’re new … Read more