Home » financial literacy » Page 2
February 7, 2025
By
The Admiral Staff
Your credit score significantly impacts more than just loan approvals and interest rates—it can affect insurance, apartment rentals, and even job opportunities. Even a single late payment or identity theft can damage your score. CreditWise, a free credit-monitoring app from Capital One, offers tools to monitor your credit report, alerts for dark web activity, and a simulator to project the impact of financial decisions on your score. It’s accessible to most U.S. residents and doesn’t require being a Capital
February 3, 2025
By
The Admiral Staff
A recent study by The Penny Hoarder ranked states based on their support for financial literacy and resilience, using 27 criteria across six categories: personal consumption, earnings, knowledge, investing/savings, state policy, and resilience. **New Hampshire** ranked highest (79.9%), followed by Virginia and Nebraska. Conversely, **Nevada** ranked lowest (40.0%), with Hawaii, Texas, and California also near the bottom. The study highlights the significant impact of state 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 18, 2024
By
The Admiral Staff
The article argues that schools fail to teach essential personal finance skills, leaving many adults unprepared to manage their money effectively. It then outlines six actionable steps readers can take to potentially save or earn money: investing in companies with micro-investing apps, comparing car insurance rates, earning money playing games like Solitaire and Bingo, getting paid for sharing opinions through surveys, and consolidating credit card debt with lower-interest loans. The author suggests these strategies could lead to a significant positive impact on one’s financial
August 26, 2024
By
The Admiral Staff
MoneyLion is a personal finance company offering tools, guidance, and financial products to help individuals improve their financial well-being. They provide accessible financial education through content like videos and a “Know Money” series, foster a supportive community within their app, and offer products such as credit-building loans, cash advances, and managed investing accounts. With a high user rating and a large TikTok following, MoneyLion aims to empower users to take control of their finances and achieve financial success.
