Financial well-being is the ability to meet your current and ongoing financial obligations, feel confident in your financial future, and have the freedom to make choices that contribute to your overall happiness.
2022 has been a tough year for fintechs. With looming recessions, rising interest rates, and a decrease in valuations, it has certainly changed the tech startups’ landscape. But there are still positive points and exciting developments. Let’s recap some of the recent must-know events of the fintech industry. Fintech foundings, M&A activity slow It’s been…
With all the buzz around interest rates and inflation, it’s hard to keep up with what’s happening in the economy, but more importantly, how it affects you and your finances. Instead of talking about macroeconomics and what’s going on with the central bank, we’re going to discuss four ways interest rate changes can directly impact…
Even though 2022 is winding down, there’s still plenty of time to get your finances in order before the year’s end. What you do today determines what happens to you in the future, which is especially true regarding your finances. So, with a few months left in 2022, will you rise to the challenge and…
The fintech frenzy has finally come to a close, and everyone is starting to feel the pain. After a decade of nearly unfathomable growth, the fintech industry has gone from full steam ahead to a languid trot. While fintechs aren’t the only ones seeing a decline in investment dollars and growth, they appear to face…
Today’s inflation is a serious and costly problem, but the exorbitant cost of energy has been a persistent thorn in the side of nearly every European. From 2020 to 2022, the energy price in Europe increased by roughly 300%, reaching all-time highs and squeezing Europeans’ finances. Though you probably can’t forgo energy use entirely, there…
If investing were a battleground, who would emerge the victor: Gen Z or millennials? The former are those born between 1997 and 2012, and millennials were born between 1981 and 1996. Each generation is equipped with unique tools and faces particular economic challenges, but it’s how they use these tools and respond to these challenges…
Changing your lifestyle can be difficult, and many of us are hesitant to take a chance on anything unfamiliar or uncertain. Perhaps you’ve been thinking about investing money, but are afraid of doing it wrong or losing money. Investing is a critical component of your financial health and can help you build wealth and attain…
In May 2022, the average inflation rate in the EU reached a staggering 8.8%. While in France it didn’t exceed 6%, the 20% inflation rate in Estonia or the 15% one in the Czech Republic makes one wonder — will the situation stabilize? Here is the thing—whether it’s 6% or 20%—a growing inflation rate means…
During the first half of 2022, fears of a recession seized headlines in Europe and the rest of the world. No one can predict the future, although many economists forecast an impending European recession. We often hear the word recession being thrown around casually, rarely with regard to what it means and why it is…
‘The silent killer of money’—a synonym for inflation, and enough reason to want to overcome it. And there’s a good reason for it. If left unchecked, inflation can erode the value of your euro, meaning everything you buy becomes more expensive. Ordinarily, a little inflation – roughly 2% annually – is a normal part of…