Opportunity cost is the potential gain that you could achieve by doing one thing over another. Let’s consider the following about a $50,000 automobile that you plan on purchasing: You have $50,000 in cash that you won’t need access to…
Often, consumers are advised to make weekly or multiple payments throughout their credit card billing cycle. However, there’s not much context given with this advice. This could leave consumers tying up their funds unnecessarily. Let’s consider the following credit card…
Creating a budget is an important part of managing your finances and your credit. If you don’t monitor how much you’re making and how much you’re spending, you’re doing yourself a disservice. Without a budget, you’re more likely to spend…