Personal Finance Basics

APR vs. APY vs. Interest Rate
APR vs. APY vs. Interest Rate
This article will discuss three commonly confused terms: APR,  APY, and Interest Rates. These terms are often incorrectly used interchangeably, but today we will break down the key differences so... Read more...
What Actually is Inflation?
What Actually is Inflation?
$10 eggs, $5 gas, $8 coffee, $20 fast-food lunches. The list goes on and on. Everything these days seems so expensive, especially when compared to just a few years ago.... Read more...
Buy Now Pay Later: Convenience or Financial Trap?
Buy Now Pay Later: Convenience or Financial Trap?
Over the last several years, it seems like “Buy Now, Pay Later” has become one of the fastest growing payment methods in the world. Whether you’re shopping for clothes, electronics,... Read more...
Bad Debt vs. Good Debt
Bad Debt vs. Good Debt
Debt is a complicated topic in the financial world. Conventional wisdom would say to avoid debt at all costs. As we discussed in our Buy Now Pay Later article, if... Read more...
Compounding: the 8th Wonder of the World
Compounding: the 8th Wonder of the World
Albert Einstein once allegedly claimed compound interest as the “8th Wonder of the World.” Now, why was a world-renowned scientist and Nobel Prize winner so fascinated by what was happening... Read more...
Negative Equity Explained
Negative Equity Explained
Have you ever tried to sell something, only to find out that you owe more money on this thing than it is actually worth? This is called negative equity, and... Read more...