Buying a house is probably the most popular financial goal for many young adults. Unfortunately, houses in the West have grown so much in value over the past few decades it is almost impossible to buy a house in cash. That is where mortgages come in to provide the necessary financing for such large purchase. […]
Credit 101: The Complete Mortgage Guide, Everything You Need to Know Before Applying Read More »
With school breaks during December (& February, April, July and what seems to be every other month), many families will be worrying about the added costs of having the kids around. Holidays can be financially challenging due to requests for costly activities and the added cost of meals at home. In this article, we will
Holiday Saving Tips: Surprising and Easy Tips to Save Hundreds on The Holiday! Read More »
Stocks are one of the most popular and best-performing asset classes in the world. Yet, very little is taught at schools and universities about this incredible asset class. In fact, unless you work in banking, studied finance or did an MBA, you will not know much about the stock market. As always, we are here
Investing 101: What Is a Stock? Everything You Need To Know Read More »
Investment returns are surprisingly complex. One would have thought that it is quite straightforward to know what a good return is. But with a bunch of guaranteed returns thrown around on social media for a myriad of investments, we are here to bust myths. What is a good investment return? Let us dive in. The
Investing 101: What is a Good Investment Return? Read More »
It’s no secret that the cost of living has shot up dramatically. Paired with inflation? Well, you can confidently expect some of your monthly expenditures to go up. You are not alone in wondering how you can combat this. For many of us this financial crisis paints a bleak future. But there may be four
4 Ways To Save Hundreds Sitting Under Your Nose Read More »
As covered in our article on asset classes, bonds are a substantial subset of fixed-income assets. They produce higher returns than saving accounts and CDs (certificates of deposit), but lower returns than real estate and stocks. However, they do not come without jargon and terms that need explaining to the everyday investor. This is where
Investing 101: What Are Bonds? Everything You Need to Know Read More »
Here at Hack Your Wallet, we like financial hacks and we like crypto. So in our opinion, there is nothing better than writing on ways to earn free crypto. No lengthy introductions needed, let us make a start. 1. Earn Free Crypto For Browsing Don’t worry, there is no malicious software, crypto miners or anything
How To Earn Free Crypto For Basically Doing Your Day to Day Activities Read More »
The most important concept in finance is probably the concept of time value of money (TVM). It is the first principle behind the concepts of Present Value (PV) and Net Present Value (NPV). It is why loans carry interest and capital is invested. Once these concepts are broken down, you will see why you should
You Have Been Managing Cash Wrong For YEARS, Time Value of Money is Why Read More »
One of the most important concepts in economics is opportunity cost. In this post, we will dissect the opportunity cost concept and more importantly, contextualise its use in our own financial decision making. By the end of this, you will think like a financial planner and will make the best use of your resources, financial
The Single Concept That Will Elevate Your Financial Decision Making Read More »
The so-called energy crisis of 2022 may be behind us (remember the energy price cap increase?). However, utility bills may be one of the largest essential outgoings after rent and council tax. Learning how to save money on these bills, whether there is a crisis or not, will come in handy. In this article, we
How to Save Money on Bills During the ’Energy Crisis’ Read More »