by fidomoney US | Sep 19, 2022 | Business, fidomoney US, Finance
According to a study conducted by credit reporting agency Experian, the average credit card balance in the US is over $5,000. The average credit utilization rate, the percentage of credit consumers use, was 25.3% in 2020. If you rely on credit cards to pay your...
by fidomoney US | Sep 19, 2022 | Business, fidomoney US, Finance
The 50/15/5 rule is a simple guideline that aims to help people save and spend more efficiently. It involves setting aside at least 50% of their take-home pay for essential expenses and devoting 15% of their pretax income for retirement. Our 50-15/5 rule aims...
by fidomoney US | Aug 23, 2022 | Business, fidomoney US, Finance
Over the last few months, industries around the United States have continued to feel the impact of inflation. Rising prices have impacted both big and small businesses and have forced many of the businesses to adjust pricing as a result. One area that has had a...
by fidomoney US | Aug 18, 2022 | Business, fidomoney US, Finance
If you have ever been worried about poor financial decisions, or have poor money management habits, then you probably tried to figure out where it went wrong. Understanding where it went wrong and how to adjust your approach will be crucial. Before you apply for a...
by fidomoney US | Jul 25, 2022 | Business, fidomoney US, Finance, Fintech
Everyone needs an emergency savings fund. This fund offers protection from the financial instability that can be caused by unexpected expenses that include medical bills, vet bills, and vehicle repair costs, as well as bigger life events that can be financially...
by fidomoney US | Jul 25, 2022 | Business, fidomoney US, Finance, Fintech
As the nation’s economy continues to worsen, many people are fearing another recession. While a recession may or may not affect you, it can’t help to prepare for the eventuality by fortifying your personal financial situation. If you take steps to respond...
