Fund
Reserve fund calculator: how much should you save?
No matter your source of income, no matter how often (or rarely) you get paid, no matter how stable your job is, each should have a reserve fund. An emergency fund can be used to cover your basic living expenses when your income has dwindled or even disappeared. However, the amount of money someone must […]
Creating a reserve fund: why, how and where to keep it
In 2020, as the global pandemic hit the world hard, millions of Americans found themselves out of work, seemingly overnight. And not having a job probably meant no health insurance, so if you were hospitalized with COVID-19, you were simultaneously battling the virus and medical debt. A medical emergency, such as a COVID-related hospital stay […]
Understanding Sinking Fund for Better Budgeting
It is difficult to cover significant expenses in a short time. Some people go into debt because of this. A well-established sinking fund helps protect against unexpected life events, protects your financial goals and contribute to better budgeting. What is a sinking fund? A sinking fund is a cash reserve in your account that holds […]
Should You Use Credit Cards to Fund Your Startup?
As any entrepreneur knows, one of the most difficult aspects of starting a new business is having enough cash flow to grow. Securing funding can be a challenge, which is why many small business owners turn to their credit cards as an important source of funding. “I’ve heard a lot of stories about credit card […]
What is a hedge fund? Jargon-free travel guide
If you are confused by the question “what is a hedge fund?” you are not alone. Part of their appeal is their exclusivity and secrecy. Hollywood only adds to this mystery by portraying hedge fund managers like the charming but ruthless Bobby “Ax” Axelrod on the hit TV show. Billions… While hedge funds are considered […]