Whether you’re an experienced investor or someone relatively new to personal finance about to acquire their first credit card, you can always stand to learn more about finances. You need to know how to keep a smart budget, reliably use your cash flow to keep your bank accounts healthy, how to use a free credit score report to determine what interest rates you’re eligible for, and how to use investments wisely to reach your financial goals in the future. Learning how to make money work for you empowers you to make informed decisions in most areas in life.
Despite the importance of financial knowledge, many people in the U.S., and throughout North America, struggle with it. In fact, in 2020, the number of Americans living with revolving credit card debt increased to 43%. This was up from 37% the previous year. Canadians fare a bit better with approximately 30% in credit card debt. Some of this can likely be attributed to the pandemic, but it’s clear that many need to learn more to protect their savings accounts. Here are just a few great ways to learn financial information for peace of mind, no matter your level.
Wealth Rocket
This is a one-stop-shop for all financial topics, so you can find great tips for anything you’re struggling with. Wealth Rocket is a site that covers credit cards, investing, banking, budgeting, taxes, insurance, and more. Whether you need to open a new online banking account, find the best new credit card for you, or figure out which health insurance plan is right for your family, there’s a Wealth Rocket article that has you covered.
They understand that money affects different people in different ways, and what you need may not match up with anyone else. They have information at all levels of complexity to help people of all age groups and experience levels mange their money. Check out www.wealthrocket.com today to learn what you need to make better financial decisions.
Financial Apps
There’s an app for everything under the sun, and finances are certainly no different. When it comes to mobile apps, the only question is where to start with so many options available. Even budget apps alone offer a ton of choices. Mint is a great option for beginners and experienced users alike. This mobile app has you connect all of your financial accounts, and then it divides your transactions into categories. It alerts you if you go over budget in any category, and Mint also provides a free credit monitoring service.
If you don’t want to sync your accounts, or if you’d like the whole family to be able to use the same app, then Goodbudget is worth looking into. This app lets you portion your monthly income into categories manually, and every family member can access the same account for convenient tracking. Of course, apps aren’t just for budgets. There are plenty of tax apps, such as TurboTax, that can make filing a breeze. You can gain a deeper knowledge of multiple financial topics simply through using these apps, and they let you keep a close eye on your borrowing and spending habits.
Investing Courses
Once you have your bill payment and other personal finances under control, you may be interested in investing to build a better future. Everyone always has more to learn about investing, and fortunately, there are plenty of great courses for all experience levels. Stock Market From Scratch for Complete Beginners is a good idea as a starting point, as it will teach you all the basics you’ll need to know to start investing on the world’s most popular trading platforms. You can also find courses that dive into more specific topics, such as creating a great retirement plan or learn how to trade outside of the stock market.
All in all, there’s plenty of financial information available today. You just need to focus on a source that seems helpful to you to begin taking your finances to the next level.
