The world of money can be a scary place. The pressure to keep up can be overwhelming, from a constant fear of not having enough to worry about to constant stressful comparisons from friends and family. Many people don’t even know how much they are spending on everything from utilities and cell phones to lunches and outings. With so many things leaving you confused, stressed out, and in need of guidance, it might feel like your finances are completely out of control. But the good news is that this does not mean you are doomed or trapped in an endless cycle of financial stress. There are ample s ..read more

Did you know that having a budget and tracking your spending can help you get out of debt? It's true. If you have debt, it can be tough to make ends meet. You might need to take on a job with less pay or find ways to cut back on your expenses to free up money for bills and emergencies. But if you have a financial coach to help you along the way, things will be much easier. Financial coaches are unbiased, trained professionals who offer their services at an affordable price. All financial coaches care about is helping people reach their financial goals. They act as a sounding board, monitoring ..read more

Financial coaching has exploded in popularity over the past few years, with many professionals eager to take advantage of its potential. Financial coaching is a business model that offers the opportunity to work with individual clients one-on-one on an ongoing basis. Clients can hire a coach as much or as little as they’d like, and the cost typically ranges from $100-$500 per month. If you’re interested in starting your own financial coaching business, this guide will show you what you need to know. Read on to learn more about financial coaching, who might be a good fit for it, and some key fa ..read more

The amount of debt Americans have is frightening, to say the least. In fact, the average American has around $5,000 in credit card debt and $16,000 in auto loans. If you're anything like the average person, then it's time that you start considering ways to get out of debt as soon as possible. Even if you're not in debt right now, it's never a bad idea to start thinking about ways to become financially independent sooner rather than later. Working towards financial independence doesn't necessarily mean you won't ever have any debts again. Paying off debt means that you are ready to take charge ..read more

Everyone knows that money can buy happiness. In other words, it’s not how much you have that makes you happy but rather how happy you are with what you have. This is why we humans tend to be conservative with our money. Psychology has a lot to say about the attitude towards money and its influence on us. The way we see money, its value, and how we interact with it all depends on the type of person we are. Five main psychological factors that determine your attitude towards money may surprise you: Are you a carnivorous or herbivorous type of person? Do you prefer spending or saving money? Finan ..read more

This post will break best practices to create your financial coaching listing on the Savings Jar app. For that, we will analyze Ashley Drake's profile. Ashley's profile has the highest number of appearances on Google. Here is a breakdown of items that increase Ashley's Savings Jar app profile visibility: Use of keywords -- Ashley uses relevant keywords across her listing, keywords as financial coaching and certified financial coach. She uses the keywords in the bio section and the education section as well. Links -- Ashley connected the profile to other online assets that she owns. A link ..read more

Each of us wants to improve something in his life. It's also true when it comes to your personal bank account. To set financial goals and objectives is the right way, and see how you progress toward your goals. It's never too late to start, now is a great time! To set money goals and objectives for yourself, you first need to know what you want. To set financial goals: Find a comfortable time without interruptions during the day. Take a page and a pen and write down all the financial goals you want to reach. Do not stop yourself at this point. Just let the thoughts move to your page. You can ..read more

The first step to sound personal financial management is strict spending management. There are multiple ways to track spending, from pen and paper to an app connected to the bank account. In this post, we will provide a brief overview of tracking methods, with pros and cons, of expense management practices: Manual registration (notebook) Pros: Availability and simplicity (of course, provided the page or notebook is always with you, or you are not too busy with the mobile on other tasks). Disadvantages: inability to summarize and know in real-time what the state of expenditure is in each secti ..read more

[Guest post by David Gibbs] My own personal journey to freedom from debt began a decade ago. I began on my own, trying to figure out how to accomplish what I wanted in life without hurting myself later by adding debt. I didn’t know a lot when I began but I knew enough to know that I needed to at least try and mitigate the damage. I took on some student debt and a car payment, I felt like I had to do these two things. I had been told my whole life that debt is just a way of life, and everyone must to have it to live. I had seen the pain in my immediate family’s eyes at first, but it melted awa ..read more

Economists coined the term homo economicus to describe humans as consistently rational and narrowly self-interested agents, making the "right" money decisions at any given moment. The behavioral economics revolution that started in the 70s put a big question mark on the idea of homo economicus. Research proved that people make "irrational" money decisions regularly. The banking system was designed to serve homo economicus instead of aiding people. Overdraft late fees is a prime example of a system built for homo economicus. The Consumer Financial Protection Bureau (CFPB) estimated that the ba ..read more