In uncertain economic times, is money in a bank savings account safe? Dr. Jeff Jones, certified financial planner and department head of finance and general business at Missouri State University, explains to U.S. News and World Report Money why it’s still a safe move to make. … [Read more...] about Should you put money in a savings account?
While staying home with kids during the COVID-19 pandemic can be challenging, it’s a good opportunity to teach them how you make day-to-day financial decisions. Dr. James Philpot, certified financial planner and associate professor of finance and general business at Missouri State University, shares with NerdWallet a couple of ways to impart money lessons to children. … [Read more...] about How to teach kids money lessons while staying at home
A secured credit card is a credit card that requires you to place a refundable security deposit, the amount of which becomes your credit limit, preventing you from spending more than you can afford to repay. Dr. Seth Hoelscher, assistant professor in the department of finance and general business at Missouri State University, offers more information about secured credit cards … [Read more...] about What’s a secured credit card?
The holiday season is here. According to the National Retail Federation, consumers are expected to spend about $1,048 on average during the 2019 holiday season. This is a 4% increase from last year. For many, with that spending comes stress and anxiety about how to pay for the gifts, travel and other expenses during the holidays. Dr. James Philpot is a certified financial … [Read more...] about Don’t overspend this holiday season
One major expense as a driver is car insurance. Finding a cheap, but quality coverage can be challenging. Dr. Puneet Prakash, associate professor in the department of finance and general business, and the Baker Chair of Risk Management and Insurance at Missouri State University, offers some insights to WalletHub about car insurance rates in Missouri. … [Read more...] about What are the pros and cons of cheap car insurance?