Definition

Compound interest is interest added on to the principal on a deposit or loan so that the added interest also earns interest and so on and so forth.  

Why It's Important

I think Albert Einstein said it best, "Compound interest is the eighth wonder of the world.  He who...

Definition

Index funds are passively managed, meaning they track an established market index.  One example is the S&P 500 which invests in 500 of the largest companies in a range of industries.  Another example is the Dow Jones Industrial Average, "The Dow", which shows how...

I am always reading about finance (which is hardly news to anyone that knows me).  I have found the ULTIMATE HOME-BUYING GUIDE.  I am in love!

When I say this article breaks down the entire process, I am not over exaggerating.  I admittedly wanted to write an article on my...

Definition

A bull market or a bull run is a financial market in which prices are rising or expected to rise.  Bull markets generally take place when the economy is strengthening.

Why It's Important

We are in the 2nd longest running bull market!  It started after the dip in March 2009...

I wanted to share my Top 6 favorite financial podcasts so far this year! There were so many to choose from so making this list was hard. I am one of those people that listens to podcasts whenever I get the chance whether it's in the car, sitting at my desk, or just cleaning the house, I'm always...

Definition

A risk-reduction method by which you spread your assets among many different investments.

Why It's Important

In the event of a downturn in the market, having sufficient diversification can help you not take too much of a hit.  It is pretty much the adage, "Don't put all your eggs in...

I have been on a networking frenzy this week. With three events down and one to go, I realize a common theme: everyone is struggling with money! As soon as I tell people what I do their eyes light up and they start divulging into how they need financial help. But how did we get here as...

Definition
The Federal Reserve is the central bank of the U.S.  It conducts monetary policy (print more money, raise interest rates, etc.), regulates banks, makes sure the financial system remains stable, and provides financial services to U.S. banks, foreign governments and the public.

Why...

Tired of reading about budgets?  I made a quick video to give you the basics!

https://youtu.be/IAz5qzJAYx4

So, I just came back from Miami. It was so fun spending time with some close girlfriends.  It was something we had never done before and by the end of it, we were already planning the next one.  We are all single moms and it was great being able to get away to let loose a little...

Oh, the dreaded student loan!  I made a video about some information you should know...

https://www.youtube.com/a-dT6I7Ad3s

I just came back from a vacation this past weekend.  We had soo much fun!  My boyfriend "won" a 3 day, 2 night vacation in Virginia that we decided to take advantage of.  Who wouldn't want a free vacation?!  Well, of course it came with a couple of strings attached....