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May 12, 2024
By
The Admiral Staff
Video games are emerging as a valuable tool for financial education, offering engaging ways to learn about budgeting, saving, investing, and debt management. Popular games like Animal Crossing, Stardew Valley, and EA Sports FC incorporate money management concepts, while newer games like Venture Valley are specifically designed to teach financial literacy. Animal Crossing, in particular, demonstrates key lessons like avoiding debt, saving for repayments, understanding interest, and navigating a stock market. While challenges remain in terms of accessibility and game design, the
May 2, 2024
By
The Admiral Staff
This article compiles ten key budgeting lessons from 2022 to help readers improve their money management. It suggests utilizing free budgeting templates or apps, considering the 70/20/10 budget, and exploring options like budget billing for utilities. Readers can also create a free financial plan using AI tools, consult personal finance books, and openly discuss finances with partners. The article highlights alternative methods like budget-by-paycheck and zero-based budgeting, offers wedding budget planning advice,
March 22, 2024
By
The Admiral Staff
The author shares their experience transforming from someone with a loosely defined “budget” to effectively managing their finances. They dispel five common myths about budgeting: it’s not complicated, requires no math skills, takes too much time, restricts fun, or is a one-time setup. Instead, the author advocates for a simple, regularly updated budget (even just listing income and expenses) to gain control over spending, prioritize financial goals, and ultimately reduce financial stress.
February 8, 2024
By
The Admiral Staff
The article highlights the value of children’s books in teaching financial literacy, even for adults. It presents a curated list of 20 books categorized by age group, covering topics from basic saving and budgeting to investing and entrepreneurship. Younger children can learn about earning, spending, and the value of money through engaging stories, while older kids and teens can explore more complex concepts like investing, debt management, and building a business.
November 22, 2023
By
The Admiral Staff
A recent survey by The Penny Hoarder reveals that over half of Americans (55%) don’t budget, and a similar percentage (56%) are unaware of their monthly spending. However, those who do budget are more likely to track expenses and avoid overspending that impacts bill payments. While many non-budgeters cite lack of necessity, time, or organization as reasons, experts emphasize that budgeting is about aligning values with spending. Popular budgeting methods include spreadsheets, zero-based budgeting, and
