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October 31, 2024
By
The Admiral Staff
The article discusses how financial habits developed during times of scarcity—a “poverty mentality”—can hinder financial progress even after circumstances improve. It highlights five common habits to break: paying only the minimum on credit cards (suggesting MoneyLion to lower interest rates), automatically overdrafting (urging to decline overdrafts and use Credit Sesame for credit improvement), delaying investing (recommending Robinhood for commission-free investing and free stocks), lacking life insurance (suggesting Bestow for affordable term life policies
October 26, 2024
By
The Admiral Staff
The article outlines common pitfalls that lead to financial ruin and offers practical solutions to avoid them. These include living beyond your means (like excessive spending on homes, cars, or travel), making poor investments (cautioning against multi-level marketing schemes and recommending platforms like Robinhood), neglecting budgeting (suggesting the 50/30/20 method), and accumulating high-interest credit card debt (highlighting MoneyLion as a potential debt consolidation tool). The overall message emphasizes proactive financial management as
October 24, 2024
By
The Admiral Staff
The article argues that strict adherence to financial rules can negatively impact mental well-being. It suggests breaking certain rules—like obsessively paying down credit card debt, eliminating all subscriptions, making everything from scratch, DIYing all home tasks, restricting splurges, and selling all unwanted items—to prioritize mental health. The piece offers practical solutions like consolidating credit card debt with lower interest rates, utilizing subscription services for relaxation, using apps like EverQuote and Fetch Rewards for savings, and donating unwanted items instead
October 9, 2024
By
The Admiral Staff
This article offers seven simple, actionable steps anyone can take to better manage their money, regardless of income. These include: using Wikibuy to find lower prices online, comparing car insurance rates through SmartFinancial, investing small amounts ($1) in companies like Amazon and Google via Stash, consolidating credit card debt with a lower-interest loan through AmOne, getting paid to watch news clips on MyPoints, checking and improving your credit score with Credit Sesame, and comparing homeowners insurance rates with Lemonade
July 24, 2024
By
The Admiral Staff
The pandemic prompted financial experts to re-evaluate the traditional advice of having three to six months of living expenses in an emergency fund, with some now recommending 12 months. While a larger emergency fund offers greater financial security, it may not be feasible for everyone, particularly those with debt or limited savings. The article outlines how to calculate a 12-month goal based on essential expenses, prioritize savings within a budget, and explore additional income streams to achieve this goal, emphasizing the importance of consistency
