Author: James Paul
Singapore is one of the best cities in Southeast Asia. In the past few years, people there have become much smarter about money. This is because of the rise of finance comparison websites. These websites help people in Singapore learn about money and make better choices when spending or saving. Finance comparison websites let users look at the good and bad sides of different money products, like credit cards, loans, and insurance. These sites do not try to sell anything. They give honest info so people can choose what is best for them. Here are some of the best finance…
Bankruptcy can help individuals and corporations escape debt, but it does not come for free. Curiously, however, most individuals undergo it due to financial lack, yet declaring bankruptcy costs money. So, how much exactly does bankruptcy cost? The amount varies based on the bankruptcy type, attorney’s fees, and other costs. Long-Term Costs of Bankruptcy One of the biggest expenses of bankruptcy is the long-term impact on your credit score. The lower your credit score, the more difficult it will be to obtain loans or credit cards, and even if you are able to qualify, you will likely have to pay significantly…
Slip and fall accidents can happen at any moment, and the victim is left with severe injuries and enormous medical expenses. Wherever it occurs, in a grocery store, on a sidewalk, or in an office building, slip and fall accidents can cause enormous financial and emotional anguish. If your accident was a result of another person’s carelessness, you are entitled to medical expenses compensation, lost wages, and pain and suffering. It can be challenging to go through the court system, but following the correct procedures will gain you the highest award for your case. These are the five things that…
The job market is more competitive than ever before. If you want to secure a role at a thriving company, you must stand out from the crowd of talented, skilled candidates. While a degree and experience can hold you in good stead, it might not be enough to help you land your dream career. To walk into a new position at a successful company in the near future, read the below guide to improving your employability in 2020. Work on Your Tech Skills Most modern companies expect their employees to have a good grasp of computers and various technologies. If…
Bonds are a staple in investment portfolios, offering investors a way to generate income with relatively lower risk compared to stocks. However, not all bonds are created equal. Government bonds and corporate bonds both play a significant role in building a stable investment portfolio, but they come with distinct characteristics, risks, and benefits. Understanding how these bonds differ and how to balance them for stability is crucial for any investor looking to optimize their portfolio. Understanding Government Bonds Government bonds are debt securities issued by governments to raise capital, backed by their credit, and considered low-risk. They typically offer lower…
Easter Monday is one of the most recognized holidays in nearly every country on Earth. Being the day after Easter Sunday, it is about reflection and rejoicing. And if you have banking work or financial operations set for that day, the question would be, Are banks open on Easter Monday? What is Easter Monday Easter Monday is a public holiday in many countries, especially those with this Christian tradition. Celebrated in Europe, Australia, and Canada predominantly, it also finds some observation in parts of Africa and the Caribbean. In the United States, it is not a federal holiday, but several states…
A trust is an agreement between two parties; the other party in a trust arrangement is the settlor, transferring the assets to another party known as the trustee, who then holds them in the trustee’s name and capacity on behalf of the beneficiaries. Trusts are often incorporated in estate planning for protection and tax advantages, and sometimes for charitable purposes. Formation of trusts in Canada involves a few processes, legal considerations, and documentation. Here is the general step-by-step process on how to establish trust. Understand the Basics of a Trust Before creating a trust, it is important to understand its…
Financial literacy relates to one being able to understand and make effective use of one’s resources. It deals with the acquisition of the knowledge, skill, and confidence to make sound financial decisions in what is becoming an important area for personal and family financial well-being. Financial literacy training is not mainly about saving but about understanding how to use financial tools, such as savings, loans, investments, or insurance, to increase one’s financial well-being. Here are nine common topics discussed in financial literacy courses. Examples are included to illustrate how the discussion could benefit participants. Each of the nine topics is therefore…
Managing your money wisely is particularly important when you are at the starting point of your career. At this point, your salary may be small, but good financial habits can make all the difference in the long run. Traditional money advice fails to consider the emotional and psychological factors that affect how people spend and save. Let us break down the psychology of budgeting and make budgeting simple and practical. Why Budgeting Matters Budgeting has nothing to do with being miserly or depriving yourself of things. It is about intentional spending. The research also shows that budgeting has a lot to…
You were keeping up with your mortgage payments. You thought you had all your finances planned to the nitty-gritty with a detailed budget in place and then bam! Life happens. Unexpected repairs or large monthly bills have you cornered. You’re stressed on how to cover these costs. In such cases, a second mortgage may be the solution. What Is A Second Mortgage? First mortgages are intended to help finance the purchase of a home by providing funds. This helps ensure you don’t have to empty your life savings from the bank account or put up thousands of dollars at once…