Learn more about moneyandinvestments with this collection
Understanding the basics of blockchain technology
The benefits and challenges of using blockchain
The future of blockchain technology
Face the Music
The first step to managing financial stress is having the courage to actually do something about the situation. Many are scared to look at their bank account balance, but we need to make an honest evaluation of the situation by doing the following:
- Make a list of your liabilities that's burdening you (car loans, investment loans, etc.,)
- Organize your financial accounts. If you don't have an online account for each of your banks, investments, or credit cards, make one for easier tracking
- Make time to assess your accounts and establish what needs to happen moving forward
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Asking for Help with Debt
Debt is the main source of stress and frustration for many, and being constantly stressed can take a toll on our health. To help with this here's a suggestion that might help:
- Contact all of your lenders, bill providers, and bank services if they can assist you with reducing your month...
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Create a Budget
Once you have organized your accounts into a notebook or an excel sheet, set aside the time to track your expenses so that you'd be able to identify where you spend the most should you need to cut back.
Being able to direct and redirect your money will ultimately lead you to a healthier fin...
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Let Yourself Feel
When feeling overwhelmed self-soothing is the best option anyone can take, however, make sure that your coping mechanisms won't negatively affect you.
Allow yourself to sit with the uncomfortable feeling and process it, possibly through journaling, exercise, or a hobby that relaxes you.
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Break Down Your Tasks
It's likely that from all the financial planning you'll eventually get overwhelmed and think about giving up. Should that scenario happen, allow yourself to take a break and self-soothe. Afterwards, list down everything that you need to do and divide them into manageable tasks then allocate a ce...
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Take Care of Your Wellbeing
Our mental health and financial situation overlap with each other. The Mental Health Policy Institute stated that when financial situations become troubling, the mental health of the individual worsens along with it.
With the right resources and availability of these resources, you may be a...
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How Asset Management Companies Work
Asset management companies compete to serve the investment needs of high-net-worth individuals and institutions.
Accounts that are held by financial institutions often include check-writing privileges, credit cards, and brokerage services. Another added benefit is that the needs of the acco...
Myth: Trust the Bank
Consumers need to protect themselves when dealing with banks. Don't let the bank make financial decisions for you.
Signing up for a new credit card because you were pre-qualified will not always end in well. Despite good credit scores and money in the bank, only you know y...
FINANCIAL MISTAKES TO AVOID DURING PANDEMIC.
● F&O – Weapons of mass destruction - As Warren Buffet once observed, Futures and Options are financial weapons of mass destruction. These financial instruments played a pivotal role in the 2008 financial crisis. So, it is better for lay investors to stay away from these fina...
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