Saving and Investing

If you want to take charge of your financial future, but you are not quite sure where to start, our saving and investing guide can show you the way. Find out all about mutual funds, personal finance, retirement and stock exchanges.

Saving and Investing

Can Dollar-Cost Averaging Change Your Life?

Is it true that dollar-cost averaging can change your life? Did you know that it could positively change the outlook of your investment portfolio? In early stages of COVID-19, the stock markets took a big hit. There was a lot of confusion in the midst of massive losses and encouraging gains, and nobody knew exactly […]

Compounding Interest
Saving and Investing

What is Compounding Interest?

Compounding interest is a simple, yet powerful concept that can have a positive effect on your savings and investments but a negative effect on your loans. The Balance defines compound interest as “interest earned on money that was previously earned as interest.” It all starts with the concept of simple interest and involves some key […]

5 Must Read Articles for Beginner Investors - Foodica
Saving and Investing

5 Must Read Articles for Beginner Investors

Beginner investors, this article is just for you! If you’re new to managing your personal finances and looking for ways to grow your savings, then you may be happy to hear that investing can be your next best friend. Investing is a step up from saving that involves taking risks with your money. Many retirement […]

Odd Cents - Navigating Retirement Planning Tools - Foodica
Saving and Investing

Navigating Retirement Planning Tools

The best way to plan for retirement is to start now. Planning ahead using the right retirement planning tools will ensure that you are prepared for the future. Figuring out a suitable retirement plan includes assessing your future needs based on current or expected factors such as marital status, dependents, mortgages and loans, lifestyle and […]

Odd Cents - Teaching Children About Personal Finance - Foodica
Saving and Investing

Teaching Children About Personal Finance

I’m in full agreement with teaching children about personal finance. Financial responsibility does not begin when you make a few mistakes and then decide to correct them. It begins when you have a clear understanding about the consequences of your actions and you are knowledgeable about the choices that you have. And the best way […]