In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
April is Financial Literacy Month, and I’m taking the concept very literally with some finance book recommendations. There are many books on finance out there, of course, but here are a few of the best books about personal finance, money management, and our financial system that I’ve read.
People have been lending for thousands of years, even before money. The grain banks of ancient Egypt bought and sold commodities based on their value in grain. It feels natural for the concept of a “loan,” something that is so integral to modern everyday life, to be almost as old as civilization itself. Surprisingly, some aspects of lending that we take for granted today are relatively new. Although lending itself has been around longer than written history, the first credit bureaus were created less than 300 years ago, and credit scores are only about 30 years old.
One day your child will start their way in the world, and as a parent, there are things you can do to help invest in your child’s financial future. While some children may continue their educations going on to college, others may choose a different path looking for a job after High School graduation. Both paths are admirable, with different financial tools a parent can use to help their child on whichever journey they end up taking. Read on to look over options to start planning for your child’s major financial events.
Do you ever feel afraid to talk about money? Does just the idea make you feel uncomfortable? Like politics and religion, finance seems to be one of those topics not talked about. Why is that? According to the Merriam-Webster Dictionary, fear is “an unpleasant often strong emotion caused by anticipation or awareness of danger.” For some reason, we’ve allowed ourselves to be afraid of things that aren’t an immediate danger to us, like money. I’ve been there. Money can be scary, and how we manage money, especially if we don’t do it well, can be an embarrassing topic to talk about. However, it doesn’t have to be that way. In three steps, you can be on your way to approaching money with a fearless mindset, instead of allowing fear to hold you back from potential financial gain.
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Financial literacy is more than just the knowledge you need to make responsible financial decisions. It’s also the ability to put that knowledge to good use. Those who are financially literate can create a budget and manage their checking account. They understand how credit cards work and how to use them without racking up debt. And they know what is involved in saving for their future financial needs like college, a home, or retirement.
We all lead busy lives and the thought of getting all our tasks done can seem overwhelming, especially when it comes to home maintenance. With spring coming, you may be wondering what projects you need to tackle around the house. The pandemic has spurred a lot of home projects, which means contractors’ schedules are filling quickly (some may already be filled). So, now is the time to start planning and reaching out!
Buying a home is one of the largest financial decisions you’ll make, if not the largest. As a result, it can be a complicated, time-consuming, and stressful process. Though it might not feel like it during your search, eventually the right home will appear, your offer will be accepted, and you’ll find yourself in contract to buy a house. (Having just become a first-time homeowner after a year-long search, this is a promise I feel comfortable making.) While it is a relief to finally be under contract, you’re not quite out of the woods. Here is what you can plan to do between going into contract and closing on your new home.
There are so many reasons to celebrate Women’s History Month, most notably the trailblazers and visionaries of the past and present, who have championed gender equality, calling out the economic, social, cultural, and political oppression women have faced for over a century.