Category: Personal Finance Infographics
-
Why You Shouldn’t Sell During a Stock Market Correction
The stock market experienced what analysts referred to as a “correction,” where a stock, bond, commodity or market index decline greater than 10% from its recent peak yet less than 20%. A lot of individual investors panic and sell when the market plummets, fearing it will never come back. Stock market corrections occur quite common,…
-
What You Need to Know about Health Insurance
Although insurance frauds are usually associated with policyholders who swindle insurance companies with false claims, the fraudulent activities may also come from the insurance companies themselves. Some of the unethical health insurance practices committed by insurers are; denying of legitimate insurance claims, refusal to give coverage to people with specific medical conditions, underpaying claims on…
-
How Your Federal Tax Dollars are Spent
American taxpayers don’t like the federal government spend in the abstract. One Gallup poll indicates that many US citizens believed about half of all government spending and more than 40 percent of the state expenditure is misused. Most of them are against cuts in Medicare, Social Security, education, and welfare programs while supporting cuts on…
-
Inheritance: The Importance of Making a Will
Building wealth is just one facet of financial planning. It is only complete when you able to make a decision on what happens to your acquired wealth after you’re gone. Setting up a wealth succession plan is your best option. Succession planning can be executed through making a will. It is a testament that ensure…
-
The Exponential Growth of Compound Interest – Chart
The exponential growth of compounding interest is one of, if not the most powerful formula in finance. Compound growth calculates the amount of gains earned based upon the added results from the previous period. Interest earned on the investment continuously reinvested to generate constant earnings. Over long period of time, this compounding leads to the…
-
The Thrifty Wedding Couple
Economics Professors Hugo Mialon and Andrew Francis, from Emory University in Georgia, conduct a study and found that couples who prefer cheaper wedding generally have longer-lasting marriages than those who spends lavishly. They believe that having less expensive wedding minimizes young couples of a financial problem that could put tension to their marriage. The Emory…
-
Benefits of Investing In Mutual Funds
Buying mutual funds is one of the simplest ways to start investing. A mutual fund is an investment company, managed by financial experts, whose shares are sold in the stock market. Providing wide diversification, low minimums and professional money management, this bundle of stocks or bonds have grown to be the building blocks of small…
-
Supermarket Guide for Grocery Shoppers
Every time a frugal grocery shopper walk into a supermarket, she or he face a challenging task: buying the needed items in the right quantity and avoid blowing the budget. Food Marketing Institute reported that the average supermarket today offers 38,718 different items for sale. It’s a wonderland of endless choices and impulse shopping behavior.…
-
The Most Expensive Insurance Claims of all Time
Natural disasters on a massive scale is often the major trigger of expensive insurance claims, including a wide range of trigger from terrorist attack to financial crisis. Here are the world’s largest insurance pay outs in history. Insurance is an important expense that we might hate paying for, but when our house or car suffer…
-
The Life Cycle of Federal Student Loans
The federal student loan is long been endorsed as the safest means to borrow for college. Unfortunately, many college students don’t have enough knowledge about their debt and the cost of a college education. This lack of understanding could hurt them financially in the long run. Find out what types of financial aid are available,…