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8 Reasons Why You Need A Budget

By GenRise | November 7, 2017 | 0 Comments

May 27th, 2017 Budgeting is one of the best practices you can use to effectively manage your household spending. Here are 8 Reasons Why You Need A Budget. 1) Order in the House (The Fundamental Importance of Budgeting) One of the primary reasons you need a budget is to create a blueprint or a structural […]

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Understanding The Difference Between Saving and Investing

By GenRise | November 7, 2017 | 0 Comments

                May 28th, 2017 Most of us have heard the terms,“saving” and “investing” at one point or another.  These terms are often referred to in the context of a financial conversation. Much like myself, you may have heard these terms as a child while listening in on adult conversation. […]

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Building Savings Through Trust and Community

By GenRise | October 24, 2017 | 0 Comments

My wife and I were discussing a recent article. The article shared some of the unique ways families were able to save money. I shared with her one of the ways my grandmother had saved money in the Caribbean island of Trinidad and Tobago. She called it “sou sou” (check out this Essence Magazine article […]

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How to get out of debt and save

By GenRise | October 24, 2017 | 0 Comments

For anyone trying to get out of debt and save, finding ways to do both effectively is a major priority. If you’re opting to do it on your own, you must be both disciplined and creative. One do- it- yourself method involves reviewing your budget to create some wiggle room or cost savings which can […]

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4 Key Concepts That Teach Children About Money

By GenRise | August 25, 2017 | 0 Comments

Understanding and promoting the importance of financial literacy has been a part of our national dialogue for well over 200 years. Consider this letter written by John Adams to Thomas Jefferson recognizing the need for financial literacy, “All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not […]

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There is no such thing as a credit score…Let me explain.

By GenRise | August 25, 2017 | 0 Comments

Let’s be honest, many Americans may have some idea of who FICO is, but not everyone fully understands what FICO does or for that matter, how they do it. FICO was founded in 1956, and was originally called Fair, Isaac and Company. They are a data analytics company based in San Jose, California that focuses on credit rating services. FICO scoring models, which measures […]

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Six Reasons to Purchase Your First Home

By GenRise | August 25, 2017 | 0 Comments

Having good credit is one of the best ways to maximize your ability to build a healthy financial future. Home ownership should be a part of that equation. Whether you see owning a home as part of the American dream or not, there are several important factors that make purchasing a home a great financial […]

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4 Steps to Getting out of Debt

By GenRise | August 25, 2017 | 0 Comments

A recent report from The Pew Charitable Trust stated that 80% of Americans are in debt. The primary areas of consumer debt are mortgages, student loans and credit cards. These types of debt can generally be thought of as either good debt or bad debt. Borrowing to secure a home or acquire a college education […]

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10 Critical Signs You Have A Debt Problem

By GenRise | August 25, 2017 | 0 Comments

There is no shortage of dialogue about how challenging debt problems are for many working and middle class Americans. According to a recent article by Money titled, “Americans Have So Much Debt They’re Taking It to The Grave,” 73 percent of the US population are not just in debt they’re literally dying in debt. Millions of families […]

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Debt Consolidation – Is it the right option?

By GenRise | August 25, 2017 | 0 Comments

​It is no secret that many Americans today are overwhelmed by some form of debt, whether its student loans, credit cards or mortgages.  In fact, the American philosophy may well be, “in debt we trust.” Many are faced with the challenge and stress of paying monthly debt obligations often on the verge of succumbing to […]

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