- Why We Want Financial Education Made Compulsory in UK Schools
The UK is in the grips of a personal debt crisis. Rents are on the rise, student debt is higher than ever and pay-day loans are thriving, while wages remain stagnant.
- Do I Need an Emergency Fund?
Having an emergency pot of cash set aside in the chance of something bad happening is considered good practice. For example, what if you lose your job? Or the wind blows the roof off your house? You need to have readily available funds in case these situations arise.
- Should I Repay Debts or Save?
Anyone with both debts and savings is losing out big time (or as Donald Trump would say, bigly). The good news is that the solution is simple: Forget about saving and pay off your debts instead. You’ll save a fortune. Here is why:
- Compounding - Earn Interest On Interest
Compound interest is the key to growing your money over time, but what does it actually mean to compound?
- Popular Investments Explained
Investing can be a scary word, but it doesn’t have to be. Understanding the investment options available to you is a good way to remove the fear from investing. If you’re well informed, you’re in a good position to choose an investment that suits your needs. But it’s also important to remember that while you’re investing in hopes of high returns, there is the possibility that you may end up with less. So it may not be for everyone.
- Why Does Yomo Exist?
Yomo exists today because it needs to. It was born out of extreme frustration with the worlds broken financial systems and the appeal of consumer debt, leading our generation to a never before seen level of retirement poverty.