Category: All blog posts
-
Why Are Hispanics More Likely to Be Unbanked?
Growing up, I remember hearing about families who didn’t trust banks or have access to them. It wasn’t until I started learning more about personal finance that I realized how common this experience is, especially for many in the Hispanic community. In fact, 12% of Hispanic households are unbanked, compared to only 3% of white…
-
Selena Gomez: Latina Billionaire Crushing It
As we celebrate Hispanic Heritage Month, it’s the perfect time to highlight Latinas who are making waves in the business world—none more so than Selena Gomez, who recently became a billionaire. Best known for her career as a singer, actress, and producer, Selena has built an empire that goes far beyond entertainment. Selena’s journey from…
-
I Bonds 101: A Safe Way to Beat Inflation
You may have heard people talking “I Bonds” all over social media the past few years, and there’s a reason for that—they’re getting a lot of buzz! But what exactly is an I Bond? Let’s break it down in simple terms. What Are I Bonds? A Series I Bond is a type of savings bond…
-
Investing 101: Why Diversification Matters
When you start investing, you’ll probably hear the term ‘diversification’ come up a lot. But what does it really mean, and why should you care about it? In simple terms, diversification means spreading out your investments across different types of assets. Instead of putting all your money into one thing, like stocks from a single…
-
Bonds 101: What They Are and Why They Matter
You’ve might have heard people mention ‘bonds’ when talking about investing, but it’s not always clear what they are. Don’t worry—you’re not alone! Bonds can seem confusing at first, but they’re actually pretty simple once you break them down. Think of a bond as a loan, but instead of you borrowing money, you’re the one…
-
7 Tips for Building an Emergency Fund
As we celebrate Hispanic Heritage Month, it’s the perfect time to focus on financial wellness in our community. One of the most important steps you can take to protect your family’s future is building an emergency fund. Having a financial safety net can help you manage unexpected expenses like car repairs to medical bills without…
-
How to Start Investing with Just $5
Starting with just $5 may not seem like much, but it’s all about building the habit of consistency. From my own investing experience, I’ve learned that the earlier you start, the more you can benefit. The key isn’t having a lot of money up front—it’s creating a routine of investing regularly. Thanks to platforms that…
-
The Power of Compound Interest When Investing
We’ve heard of compound interest, and while it can work against you in debt, it’s a game-changer when it comes to growing your savings. If it feels overwhelming, don’t worry – the key is simple: compound interest helps your money earn even more money over time. In our community, where many of us are cautious…
-
Investing 101: A Beginner’s Guide
I get it—investing can feel overwhelming, especially if you’re just starting out. Trust me, I’ve been there too. I know that for many in our Hispanic community, there’s often hesitation around investing, and that uncertainty keeps a lot of us from diving in. Sometimes it’s fear of losing money or just not knowing where to…
-
What Is Inflation and Why Does It Matter?
Inflation is when prices for goods and services increase over time, meaning your money doesn’t stretch as far as it used to. It’s why your groceries, gas, and rent might seem more expensive now than they did a year ago. Inflation matters because it impacts everyone—when prices rise faster than incomes, it becomes harder to…