Currency markets reacted to new UK Chancellor Kwasi Kwarteng’s mini-budget on Friday with a rapid sell-off in sterling, sending the pound’s value plummeting against the dollar and other currencies. Markets…
Tag: debt
Four personal finance rules that need an overhaul – Articles
Some of the best-known rules of thumb in personal finance have lost their usefulness. While it’s helpful to have a starting point for a housing budget or savings goal, or…
Popular personal finance advice contradicts economic theory
Avoid credit-card debt. Start an emergency fund. Begin saving for retirement when you’re young. And never, ever underestimate the importance of compound interest. Personal finance experts tend to agree on…