Why 55% of Workers Can’t Cover a $500 Emergency Expense (and How to Build a Cushion Anyway)
Knowledge Snapshot 55% of U.S. workers surveyed said they could not cover an unexpected $500 expense from savings. 26% reported having no emergency savings at all. 41% said they skipped a necessary expense during the prior six months because they lacked enough savings. The SecureSave 2026 Financial Stress Survey included 1,028 U.S.-based workers ages 18 […]
The Cost of Convenience: Why One in Four Credit Card Holders Carry Debt Despite Having Cash
Knowledge Snapshot About 23% of credit card customers in the study were classified as “co-holders,” meaning they maintained liquid assets while carrying interest-bearing credit card debt. The study was conducted by Rafael M. Batista of the University of Chicago Booth School of Business, Ella Mao of Stanford Graduate School of Business, and Abigail B. Sussman […]
How to Manage Your Business Finances
Learning how to manage your business finances is one of the most important responsibilities of any entrepreneur or business manager. Effective financial management ensures that your company will remain solvent, and profitable. It will also ensure you are prepared for growth or unexpected downturns. From budgeting and forecasting to the tracking of your expenses as […]
Seven Ways To Pay Off Your Student Loans
Student loan debt has reached over 1 trillion dollars, which exceeds what Americans owe on credit cards. If you are burdened by student loan debt, here are seven ways to pay off or reduce your student loans: 1. Pick the shortest loan repayment program you can afford If you have federal student loans, there are […]
Managing Positive Cash Flow in Your Small Business
The two most important jobs you have as a business owner is getting business and getting paid. Being a bill collector is one the toughest jobs you’ll have as an entrepreneur. But if you take control of the situation up front, you can minimize any delays with payments. The key thing to do is make […]