Homeownership continues to be one of the primary life goals of many Americans. A survey by Bank of America found that 72% of millennials (those born in the 80s and 90s) see buying a home as a top priority.One of the reasons for this was seeing what happened to those who didn’t own property during the recession of 2006. Some...
Holidays are the best period of the year. Whether it’s a Christmas reunion with relatives, a 7-day trip to a foreign country, or a long summer break, it’s a time for relaxation and fun away from the usual daily routine made of work and other boring activities.However, to enjoy our holidays to the fullest, you need to put aside enough...
When first budgeting, it could take a few months before you can feel in control of your personal finances and develop a clear picture of where your money is going.If you’re like most people, you probably went years without organizing and supervising your finances in a logical and structured way. While you have a vague idea of where your money...
In western society, the need to project a successful image and high social status can be a very powerful drive. Back in the 40s, while investigating human motivation, American psychologist Abraham Harold Maslow developed a concept known as the hierarchy of needs.Maslow represented this hierarchy as a pyramid, with survival needs at the bottom and the most artificial ones on...
Over the course of 2022, we have seen inflation rise to levels not observed for decades. A mix of post-covid stimulus packages, energy supply issues due to geopolitical issues in Eastern Europe, and other factors has caused prices to skyrocket. Even more worryingly, pay rises offered by employers to offset inflation are often not enough to keep up with inflationary...
Freedom is a very subjective concept. Its definition doesn’t only change from person to person but also from area to area. Many have tried to define it legally, economically, philosophically, and spiritually.From a financial standpoint, some assume that being free equals being wealthy. Yet having more money isn’t necessarily synonymous with having more freedom.After all, even millionaires have their issues...
Most of us spend many years without budgeting and managing our finances in a structured and organized way. As a matter of fact, statistics show that only 32% of households prepare a monthly budget.If you started budgeting recently, it means that you have already created your first spending plan, a practical way to distribute your income among the many expenses...
Welcome to Level Coaching Forums! Take a minute to introduce yourself and share what your financial goals are.Congratulations on taking the first step toward a brighter financial future.Did you know that only 30% of American households have a long-term financial plan, according to consulting company Gallup? The fact that you’re taking action to set financial objectives and find more effective...