Some people get easily intimidated by the idea of managing their own finances. It seems challenging to accomplish and time-consuming. But have you ever come to a point where you suddenly rethink your decisions and wondered, “Where did my money go?” When we don’t get things figured out before payday, our hard-earned money will be …
Mutual funds are identified based on how they work, i.e., if they’re open-ended or closed-ended schemes. The gap between the two different funds is flexibility and the ease of purchasing and selling finance units. Having a better understanding will go a long way in helping you in your mutual investment journey. An open-ended fund gives you …
I love my job. Well, most days at least. Some days I catch myself counting the days until retirement. Being in my late twenties, that makes for a lot more days of work! Not to sound ungrateful, my job provides me with personal development opportunities, enough money to fulfill personal and financial goals, and treat …
There’s no greater feeling than buying your first house. But it’s a serious investment that can be overwhelming, especially if you’re not well familiar with the process. The first step toward purchasing a house is determining how much house you can afford. Next is saving for a down payment and getting pre-qualified for a mortgage. …
I love clothes! I love to mix and match. I am not one who follows the trend, though, and I prefer to wear clothing that I am more comfortable with. I like small purchases that I would usually buy from a garage sale for my daily and casual wear. I only visit the mall if …
Also known as “refi.” It’s a process where an individual or company takes a new loan to pay off an existing one. It’s essentially the replacement of the terms of a current credit agreement. The purpose of refinancing is to enjoy lower interest rates, a favorable payment schedule, reduced payment amount, and other terms of …
If it comes to investing in a mutual fund, you want to understand how to analyze and select the fund best suited to you. Most novices look at returns, riskiness, or evaluations of a fund before investing. Past performance of a mutual fund might not be a promise of future benefits, but if you understand …
