News

The global pandemic, Coronavirus, took every country by surprise, however a large number of countries were proactive to cover their citizens during this period of uncertainty, one of which was the United States of America. The American Government enacted the CARES Act which amongst others, provided stimulus payments to its citizens. The Act was a welcomed initiative to alleviate the hardship...

It may seem fruitless to teach small children how money works, but that could not be further from the truth.  Helping children to understand the value and purpose of money can lead to a lifetime of sound financial decision-making.  However, finance can be a bit of a tough sell to a 5-year-old.  Keeping it interesting is an essential aspect of teaching kids anything and finance is no...

Since the onset of the COVID-19 pandemic, many people have been hit with financial problems. Over 3 million Americans have filed for unemployment with more joining in every day. Even with the stimulus checks given by the government, most people are finding it difficult during this time. Budgeting is a major way to get by and not fall into more debt. Prioritize expenses. (more…)

A lot of scammers are using the coronavirus pandemic as an opportunity to steal the money of unsuspecting victims. Senior citizens are the most vulnerable to financial scams and scams in general.  According to reports, Medicare scams have increased as a result of the pandemic. Since most people over 60 years old are not interacting with their service providers, friends, or neighbors, they can...

The Covid-19 pandemic has affected almost every aspect of daily life from employment to retirement contributions. Since the pandemic began, over 30 million people have filed for unemployment, which goes to show that the financial strategies that most people had have been affected. Most people have halted contributions to their retirement accounts because of the uncertainty of this pandemic...

Covid-19 came unexpectedly for most individuals, business owners, and countries worldwide. Since a lot of businesses depend on people to thrive, most of them suffered severely as the pandemic progressed. Those in the airline, restaurant, hospitality, and tourism sectors were hit the most during the period. Although some were able to successfully transition to the new digital way of conducting...

The strain COVID-19 has placed on the US economy is no longer news. However, what is more worrisome is how more people are suffering from this economic burden than others. The US Department of Labor has reported that more than one in 10 Americans have filed for unemployment in the last two weeks of March and the first week of April. This goes to show that a lot of people are unable to meet...

The outbreak of the COVID-19 virus has had a huge effect on the world. In the US, many Americans are struggling with reduced income, offsetting debts, unemployment, and worse, keeping a roof over their heads. To help with this, the government has enacted the Coronavirus Aid, Relief, and Economic Security Act, with the main objective of providing financial relief options to Americans affected...

Following the outbreak of the Coronavirus in Wuhan, China and the fact that about 40,000 cases have been reported so far both in and outside China, there is speculation as to the effect of this deadly virus on the economy of China and Asia as a whole. This isn’t far fetched considering that the SARS outbreak in 2002 caused a drop in GDP of up to 1%. There is no telling just how much such a...

Just like any type of relationship, marriages can end – sometimes amicably, other times, not so much. According to research, over 40% of marriages in America end in divorce. When the relationship ends in a bad way, it can take a toll both financially and emotionally on all parties involved. During the split, houses get sold, property gets divided, custody gets decided if there are kids...