savings Archives - Page 4 of 6 -

You Will Face a Financial Emergency at One Point in Life! Here’s How to Plan for One

1 in 3 people will experience a financial emergency at some point in their life. Most people do not recover and they end being another sad statistic. You do not have to be counted among these people. The thought of being affected by a major negative event in your life that could ultimately affect your finances; for instance, a job loss or an illness will have many people sacrifice their good night’s sleep trying to […]

A Savings Mindset

Women tend to nurture and provide for those they love to the detriment of their needs. They support loved ones -emotionally, spiritually, academically, and physically. When called upon for financial support, they find it hard to say no! Preparing for personal and business savings takes planning and a made-up mindset. Building habits to save takes time and in most cases that doesn’t happen overnight, nonetheless committing to saving is a key component for peace of […]

Saving And Compound Interest

We have all have heard of or know too well about interest on a credit card or car loan, which simply is the cost of borrowing money from a bank or lender and is typically expressed as a rate. On the other side of that coin, when financial institutions borrow money from you (savings account), they pay you interest. The majority of these financial institutions typically pay interest on deposit accounts- such as savings accounts, […]

What Life Insurance Policy Works Best For You?

When it comes to a life insurance policy, there are so many options at your disposal that can help protect your family in case of any sudden unfortunate eventualities. Basically, life insurance policies fall into two main categories; term and permanent life insurance. With a term life insurance policy, the coverage is usually for a limited period of time say 10 years. If you die within that timeframe, the money is paid to your beneficiaries. […]

Term Vs. Whole Life Insurance Policies: Which Is Better

When shopping for life insurance policies, most people have to make a choice between term life and whole life insurance policies. These two life insurance policies are perhaps the oldest varieties of insurance and remain among the top most popular types of insurance policies. Shopping for life insurance policies is not fun, it is a daunting task, one that requires you to do a lot of research to determine what best works for you. These […]