Bellwether's Blog on life and money
Where You Seek Financial Advice Says a Lot About You.
How did you decide where to open your first bank account? Where did you learn to budget or pay bills? If you have a money question now, what do you do? Who do you turn to?
If you’re under the age of 30, your answers to the above questions are likely some combination of “my parents”, “the Internet” and “I don’t know—I just kind of figured it out”.Read More
Prepare for Inflation before it happens
When most people think of inflation, their response is usually similar to when they see a vintage advertisement: reminiscing about the cheaper prices of the past (15 cents for a burger? Awesome!) while simultaneously feeling some resentment towards today’s ever-rising prices. Generally, inflation is seen as a frustrating “financial fact of life” that passively affects everyone as price levels climb and as the dollar’s purchasing power decreases over time.Read More
TIME'S EFFECT ON THE LUCK, RISKS, AND RETURNS OF INVESTING
Investing can seem like a very risky, complex and fast-moving process. With endless combinations of investment vehicles to choose from, it can be difficult to take your first step as an investor—especially with the knowledge that all investments carry the risk of losing some or all of your money. So why bother?Read More
Insurance coverage can be tricky to shop for, because it requires making specific financial decisions about some hazy and unpredictable concepts.
Depending on the type of insurance you’re looking into, you might find yourself pondering some downright uncomfortable questions:
• What would happen if I get sick the day I’m supposed to leave for the three-week European vacation I’ve been planning forever?
• What would happen if a major earthquake damaged my home? If my basement flooded? If there was a fire in my apartment building?
• What would happen if I became so ill I couldn’t work any more?
• What would happen if I had a break-in?
• What would happen to my family if I died tomorrow?Read More
Credit scores are an area of personal finance that seem a lot more mysterious than they actually are.
Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good. Four common credit score myths have been rounded up and debunked below:Read More