Budgeting

A recession creates a negative domino effect that spares almost no one, even those that are financially wealthy. Whether we like it or not, money impacts every area of our lives, good or bad. During these turbulent times, there are usually massive layoffs, pay cuts, furloughs, postponed raises...

Recessions are caused when there's a decline in the gross domestic product (GDP) for multiple consecutive quarters. This creates a domino effect that causes panic which reduces consumer confidence and spending. Other factors that cause a recession are disasters, pandemics, high interest rates...

Managing personal finances can be a daunting task. However, with proper budget planning and financial management, you can set yourself up for financial success. Creating a budget helps you to identify where your money goes, how much you can save, and plan for your financial future. In this...