It is known that divorce is emotionally distressing. But its financial implications must also be taken into consideration. Researchers find that divorcing individuals would need more than 30% increase in income to maintain the same standard of living they had before divorce. Men and women are equally affected by the financial ramifications of divorce which
With our increasing needs and wants comes our high utilization of credit cards leading to accumulation of debts. While some debt is inevitable, drowning in it is unnecessary. Taking a methodical approach is the most efficient way to manage and free yourself from debt. If you are determined to get out of financial servitude, here’s
Prenuptial agreements are commonly associated with Hollywood divorces. But this is not restricted to them. Any couple who has personal and business assets to bring to the marriage can benefit from a prenup. Think of a marital union as a business partnership where you have to protect each spouse’s financial interests in case anything happens
We would all be wanderlusts if only air fare come cheap. Booking flights is so easy nowadays; everything is done with just a click of a mouse or a touch on the screen. But sometimes, we end up spending more than we want. So how do you satisfy your love for travel while saving money?
Getting a rent-to-own home is one of the options that you have if you wish to get a house, but you’re not yet financially prepared to purchase one. The terms of these contracts vary from one state to another. This is why you should know the ins and outs of this option if you’re considering
Moving in with your partner can have financial benefits, as long as everything is planned prior to the move. More and more couples are now opting for this setup instead of tying the knot before moving in together. According to statistics, about 70% of couples in the United States move in with their partners before marriage. As mentioned,
Aside from the tuition fee, parents need to add the items that their kids would need for the new school year in their budget. If you have kids who are going to school, there are things that you can do on how to save on their things. These are practical tips that you can try and it
Having a baby requires not just emotional, but also financial preparedness. If you and your partner decided to have a child, there are things that you can do to make you more prepared when it comes to the financial field. Here are some of the things that you should consider. Check Your Health Insurance Not all health
Mobile payment is not something new. Many people pay their bills through their mobile phones, including electric bills and bank payments. In 1997, Coca-Cola and Merita Bank were among the first companies to accept this payment method. Purchases and bank transactions could be made through text. There’s also another type of mobile payment, which is
While saving cash and making money are always good ways to help yourself, sometimes, those can be severely limiting. Sometimes, in order to grow your bank account and become fiscally responsible, you have to improve your work ethic. Of course, while there are a number of ways through which you can do this, sometimes keeping