As a young adult, it is easy to get caught up in trying to purchase the newest technology or the most expensive products in an effort to keep up with trends and impress your classmates. This behavior, however, will inevitably lead you to a pool of debt, from which you will struggle to escape. […]
“The Road to Being Debt-Free”
Many people in America are caught up in the monster that is debt which is the result of bad money saving strategies. These types of people can’t find true financial independence. […]
In this life, in this world, everything has a specific value that for the most part can be represented through money. You can identify the importance of something by justifying or comparing it with how much money it will cost to obtain. […]
My mother always told me, “Do not save what is left after spending, but spend what is left after saving”. This saying stuck with me over time, but I never truly understood its meaning until I recently attended a workshop hosted by Nuvision Federal Credit Union.
From Past Mistakes to Future Opportunities: The Path to Better Money Management and Saving
I recently attended Nuvision’s financial education seminar at Marina High School. Knowing that money is at the root of everything we do and essential in our society to maintain a good standard of living, I wanted to learn more.
How can People Become Debt Free
You would become shocked of the staggers that exist in consumers’ financial circumstances in the United States. Data shows that more than 70% of the consumers take to the grave with them not only themselves, but a debt that was never paid.
In my opinion on what young adults can do to become better savers is to have a build in emergency funds. It can make all the difference. Low-income families with at least $500 in an emergency fund are better off financially than moderate-income families with less saved up.
The importance of saving money is rarely disputed. Saving is one of the most basic (and most repeated) bits of financial advice out there. Despite the importance of saving money, many of us aren’t following through on that tip. […]