What is Inflation and How Does it Work?

Inflation affects people from all walks of life–quite significantly that even your entire retirement fund can suffer if there is an unprecedented rise in inflation rate. Inflation shows how the value of money decreases over time. While it is often seen as economic, it can in fact be as real as the size of a [...]

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Why Do Recessions Happen?

We hear the word recession all the time?  But what is it and why do recessions happen?  The impact of an economic recession is utterly wide-ranging. Depending on its nature and extent, a recession’s effects can be huge or minimal, direct or indirect. In any case, a recession is something that everyone should care to know [...]

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Real Income vs. Nominal Income: What’s the Difference?

You may not realize but even with increasing wages, you may still feel like you are unable to get by with your day-to-day expenses. This means that your real income may be on a downhill rather than uphill. Your purchasing power is diminished even when you are holding a greater amount of currency because of [...]

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Advantages of Buying a House

In recent years the practice of home buying in our country, with all the accompanying grief and debt of subprime mortgages has given the whole “American dream” a bit of a bad name. In the past we may have been taught that buying and owning a home was an inalienable right, and a mighty good [...]

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Advantages of Renting a House

Everyone has their own version of the American dream. For me, a small town girl who always dreamed of moving to the big city, renting my first apartment was always a major part of that fantasy. I didn’t even have to get to the city to experience it, however, as I rented my first place [...]

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How To Start an Emergency Fund

Developing an emergency fund is important.  It can mean the difference between being able to feed your family or being out in the streets.  In hard times, an emergency fund is more important than ever.  However, many people struggle to develop an emergency fund.  Most people recommend having a 6-12 month emergency fund.  If you [...]

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