What Increases Your Total Loan Balance? Your Complete Guide
What increases your total loan balance? The US consumer has been borrowing more and more over the years, with total consumer credit outstanding skyrocketing to a dramatic 4.3 trillion dollars in 2021 alone! That’s an astonishing 169% growth since 2000 when it was at 1.62
What is Behavioral Finance and Why is it Important?
What is behavioral finance? Behavioral finance is a branch of economics that seeks to understand how human psychology and behavior affect financial decisions. It combines the fields of finance, economics, and psychology to explain better the underlying psychological biases that can lead to irrational financial
10 Ways to Build Financial Performance Management Skills
Effective financial performance management is a crucial skill for professionals in any industry. It involves the ability to understand, analyze, and make decisions based on economic data and communicate this information effectively to others. Whether you’re a financial analyst, manager, or business owner, developing and
Powerful 15 Financial Guide Benefits Everyone Should Know
Why is this financial guide so important? 50% of Americans aged 18-29 admitted to having at least some knowledge about money management, a Statista 2017 survey revealed- a significant step in understanding the basics and creating more financial security. Image Courtesy: statista.com Many teens lack
Personal Finance Definition: Ultimate Guide for Beginners
When it comes to personal finance definition, it is to say personal finance is using your financial resources to reach your goals. It involves creating a budget, managing money, and making smart investments. It encompasses everything from saving for retirement to paying off debt and
Average Cost of High School Sports: What You Need to Know!
In 2019, the average American family spent around $700 per year on one child’s participation in high school sports, a Statista survey reveals. This figure covers equipment expenses (an estimated $144) and travel costs ($196). Some of the most pricey sports include skiing, ice hockey,