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May 27, 2024
By
The Admiral Staff
This article outlines six steps to potentially save money and reduce unnecessary spending. These include: shopping around for cheaper car insurance, transferring credit card balances to a card with a 0% intro APR and rewards, switching to a checking account with no overdraft fees and a sign-up bonus, earning a high-yield APY on cash with Wealthfront, getting cheaper 5G internet and a reimbursement from T-Mobile, and potentially reducing credit card interest rates with MoneyLion.
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,
April 10, 2024
By
The Admiral Staff
The average American carries $104,215 in debt, primarily from mortgages, followed by auto loans and then credit cards. Consumer debt falls into two categories: revolving (like credit cards) and installment (like mortgages and student loans). High interest rates, easy access to credit, economic factors, and spending habits all contribute to debt accumulation. Strategies to reduce debt include cutting expenses, budgeting, consolidating loans, and increasing income.
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.
