It’s pretty safe to say that we associate banks first and foremost with the acquiring and managing of money rather than with state-of-the-art architecture. However, the headquarters and offices of some of the world’s leading financial institutions are as awe-inspiring as the vast amounts of capital that pass through their hands. Architectural firms have been pushing the boundaries when designing bank buildings, and the fruits of their labors can be seen in cities and towns around the globe. They really do make for very attractive places in which to work. Here are 30 of the most architecturally impressive bank buildings in the world.
30. Agricultural Bank of China and China Construction Bank, Shanghai, China
These two towers in Shanghai’s Pudong New District almost look as if they might topple over at any moment – but don’t worry, they’re perfectly safe. The twin marvels, which house the headquarters of the Agricultural Bank of China and the China Construction Bank, are the work of international firm Arquitectonica. Despite their unusual angles, the buildings were designed to be “all about balance, order and stability.” The materials that make up the building exteriors include stone, glass and aluminum – all of which are recyclable and were locally sourced. Measuring 708 feet in height, the 49-story towers were completed in 2011.
29. Macquarie Bank Center, Sydney, Australia
The distinctive white lattice that hugs the headquarters of the Macquarie Bank Center in Sydney certainly catches the eye – and this “diagrid” structure is the only one like it in the Australian city. Local architecture firm Fitzpatrick+Partners was responsible for the unusual appearance of the 151-foot-tall building, which was finished in 2009. And the building is also innovative on the inside – accommodating eco-friendly features such as passive chilled beams – while water from Sydney Harbor is utilized for cooling purposes. These touches have led to the building receiving a Green Star rating of six from the Green Building Council of Australia, placing it in the “World Leader” category.
28. Torre Cuscatlán, San Salvador, El Salvador
Torre Cuscatlán stands like a 243-foot mirror in the city of San Salvador, the capital of El Salvador. It once held the honor of being the tallest building in the entire country, until this title was taken by Torre El Pedregal. Still, this tower is mightily impressive on its own merits thanks to its shiny glass cladding and distinctive zigzagging exterior – and it also looks pretty handsome when lit up in blue or yellow at night. El Salvadorean architect Ricardo Jiménez Castillo was responsible for the unique design of the building, which was completed in 1989 and is now home to Citibank.
27. Frost Bank Tower, Austin, Texas, USA
Durham, North Carolina’s Duda/Paine Architects teamed up with international firm HKS, Inc. to conceive the outstanding Frost Bank Tower, which was completed in 2003. The 33-story tower rises 515 feet into the sky and is notable for being the foremost high-rise building to be erected in America following the attacks of September 11. The Austin headquarters of Texas’ Frost National Bank is clad in a low-e glass façade that is blue in color – a distinction shared only by New York City’s Reuters Building. And the tower is popular with local residents, too, as readers of the Austin Chronicle chose it as their best new building of the past five years in 2004, 2006, 2007 and 2008.
26. Bank of China Tower, Shanghai, China
International architects Nikken Sekkei teamed up with the Shanghai Institute of Architectural Design & Research to develop the Bank of China’s Shanghai headquarters. The striking new office building was completed in 2000, and the construction stands at almost 742 feet tall. This skyscraper was sympathetically designed to blend in with the buildings surrounding it, while it was also influenced by the views over the Huangpu River. It does have one more notable claim to fame that marks it out from the rest, though: it’s the tower from which Tom Cruise’s character bungee jumped in Mission: Impossible III.
25. Scotia Plaza, Toronto, Canada
Scotia Plaza was completed in 1989 and may now be nearly a quarter of a century old, but it remains sleek and striking where it stands in the Toronto cityscape. “Napoleon Red” granite makes up the good-looking exterior of the building, which was designed by the city’s WZMH Architects and plays host to the Bank of Nova Scotia’s international headquarters. The innovative folds in the design not only emphasize the structure’s slenderness, but also serve a more practical purpose, as they afford the opportunity for numerous corner offices. At the time of Scotia Plaza’s construction, it became the second-tallest building in Canada, at a height of 902 feet.
24. Islamic Development Bank, Jeddah, Saudi Arabia
International architects Nikken Sekkei Ltd combined Islamic design with more contemporary architectural methods when preparing a blueprint for the headquarters of the Islamic Development Bank in Jeddah. The sleek, streamlined building features a limited number of narrow apertures across its exterior, reducing levels of sunlight, while central patios incorporate glass walls to prevent the building from feeling too dark. Completed in 1993, the 349-foot-tall structure was honored at the Cityscape Architectural Review Awards in 2007, where it was named the “Built Winner” in the Commercial/Mixed Use category.
23. Nykredit, Copenhagen, Denmark
The award-winning headquarters of Danish banking firm Nykredit were designed by international firm schmidt hammer lassen architects, and the project was completed in 2001. The building’s ten-story transparent cube design allows passersby to see the hive of industry inside, but in spite of the large amount of glass used, the development remains eco-conscious. Certain areas of the façade and roof can be opened up for extra airflow, while water drawn from the harbor close by is used for cooling purposes. The building has managed to impress those in the know, too: in 2001 it was awarded The Architecture Prize of the Municipality of Copenhagen, and it was honored as “Best Office Building” at the FX International Interior Design Awards the following year.
22. Deutsche Bank Twin Towers, Frankfurt, Germany
Deutsche Bank’s Twin Towers in Frankfurt, Germany weren’t originally built for the financial firm, but rather for a Hyatt hotel. After the hospitality chain pulled out of the project, Deutsche Bank claimed the distinctive, shiny pair of skyscrapers – designed by Walter Hanig, Heinz Scheid and Johannes Schmidt – for its headquarters, and the banking institution has been there ever since. There have been a few changes since the buildings were completed in 1984, as a recent overhaul has seen the 509-foot-tall towers undergo a refit, making the complex more environmentally friendly as well as better protected against fire. As a result, carbon dioxide emissions and energy usage have both been slashed in half.
21. BB&T Financial Center, Winston-Salem, North Carolina, USA
The dazzling, postmodern structure that is BB&T’s Financial Center has stood proud in Winston-Salem, North Carolina since 1987. Kentucky-based architects Sherman Carter Barnhart and local firm Hammill-Walter Associates were responsible for the 295-foot-tall design, which features an attractive green glass skin over a rigid concrete frame. The building was initially constructed as the base for Piedmont Airlines, but Piedmont succumbed to a takeover at the time the structure was unveiled. It then played host to Southern National Bank before BB&T moved in.
20. Saxo Bank, Copenhagen, Denmark
Saxo Bank in Copenhagen, Denmark has been described as a “young, dynamic internet bank,” so it’s only fitting that it has a suitably dynamic building for its headquarters. The bank entrusted local architects 3XN to produce a bang-up-to-date new home, and the end result is a striking, modern structure that can’t help but stand out. The building was completed in 2008, and the seaside was a key inspiration behind its design: a mixture of hard and soft edges contribute to this aesthetic, while the green and white color scheme echoes the ocean and sky.
19. Hypo Alpe-Adria Bank, Tavagnacco, Italy
Italy may already have one leaning tower in Pisa, but American architectural firm Morphosis added another to the town of Tavagnacco when it designed the Italian headquarters of the Austria-based Hypo Alpe-Adria Bank. The bank’s tower tilts forward at a 14-degree angle – performing a rather ingenious function in the process: during summertime, the floors higher up the building protect the lower stories from excessive sunlight. An exterior envelope also further restricts unwanted sunlight without casting the interior into darkness or detrimentally blocking views for its staff. Completed in 2006, the building as a whole received a Merit Award at the American Institute of Architects (AIA) Los Angeles Design Awards in 2008.
18. Torre Banco de Panamá, Panama City, Panama
This striking high-rise with its unusually patterned exterior comes courtesy of Spanish firm Herreros Arquitectos, which was tasked with producing a new home for Banco de Panamá in Panama City. The structure is actually comprised of four distinct buildings packed together that together offer a host of different but spectacular views over the city. Meanwhile, the structure’s multi-hued appearance is down to a covering of glass that incorporates various colors and transparencies. This eye-catching development, which has an area of 381,000 square feet, was completed in 2011.
17. Unicredit Ţiriac Bank, Bucharest, Romania
The gleaming new headquarters of Romania’s Unicredit Ţiriac Bank is perhaps one of Bucharest’s most memorable sights; indeed, it looks almost as if it is curving in on itself. Westfourth Architecture – which has offices in Bucharest, Istanbul and New York City – was responsible for the modern design, the aim of which was to provide an architectural interpretation of the bank. Construction and energy costs for the company were also taken into consideration during the building’s development, but the comfort of occupants wasn’t ignored in the process. The building, which was completed in 2012, has even hosted art displays from UniCredit’s own collection.
16. ING House, Amsterdam, Netherlands
Completed in 2002, the 157-foot-tall ING House in Amsterdam looks somewhat like a large, shiny spaceship, although apparently some have also dubbed it a “shoe” or “dustbuster.” Local firm MVSA Architects came up with the innovative design for Dutch multinational the ING Group’s headquarters. The stilts supporting the structure measure up to 41 feet in height and were incorporated so that drivers on the nearby highway could see beyond it. Meanwhile, a double-layered façade was created to block out exterior road noise while also affording sufficient airflow.
15. Isbank Tower 1, Istanbul, Turkey
Isbank Tower 1 stands a mighty 594.5 feet tall (638 feet with its flagpole), which lent it the honor of being the tallest skyscraper in Istanbul for around ten years. The building plays host to Turkish business bank Türkiye İş Bankası and was completed in 2000. Its appearance perhaps looks somewhat familiar, as certain details of the postmodern structure are similar to those of New York’s Trump Tower. Hence, it’s probably no surprise to learn that both buildings were the work of the same global firm: Swanke Hayden Connell Architects.
14. National Bank of Dubai, Dubai, UAE
The National Bank of Dubai is arguably one of the Middle Eastern city’s most handsome sights, but it would undoubtedly be a stunning vision anywhere else in the world, too. The 410-foot-tall building was completed in 1998 and is covered in gray granite and gold glass. International firm NORR Group Consultants teamed up with Uruguayan architect Carlos Ott to design the structure. The distinctive shape of the building is a tribute to the traditional dhow boats – particularly the contours of their hulls – that anchored in Dubai Creek. This motif can also be found in the towering structure of the Burj Al Arab hotel.
13. Bank of China Tower, Hong Kong
While it may be a staggering 1,033.5 feet tall, the Bank of China Tower is actually only the fourth tallest of Hong Kong’s buildings. The bank’s primary headquarters are in Beijing, and its Hong Kong base was completed in 1990; at the time it was a groundbreaker, as it was the sole structure outside the U.S. to rise to over 1,000 feet. New York-based architects Pei Cobb Freed & Partners had to take into consideration one very important factor when designing the skyscraper: the area in which it stands is a typhoon zone. Aesthetically, the tower is said to look like sprouting bamboo shoots – an appropriate symbol of prosperity.
12. DNB NOR, Oslo, Norway
Netherlands- and Shanghai-based MVRDV had an unusual inspiration when it came to the design for the headquarters of DNB NOR bank in Oslo, Norway. The architects based the concept for the 17-story building on an individual 20×20-foot pixel – and the end result transforms and multiplies this fundamental element of digital images into a three-dimensional, stone-clad reality. Some of the floors have the luxury of open-air terraces or roof gardens, so employees can enjoy some outdoors time, while an interior cutaway section helps bring sunlight into the building, which was completed in 2012.
11. Torre São Paulo I, São Paulo, Brazil
Global Spanish bank Banco Santander purchased the sleek, streamlined Torre São Paulo I for its Brazilian headquarters for a remarkable $650 million. The building rises to a height of 447 feet and was completed in 2009. In terms of materials used, it is a combination of steel, aluminum, granite, reinforced concrete and, of course, glass – which gives it its attractive reflective façade. Global firm Arquitectonica’s appealing design also saw it reach the final shortlist the Council on Tall Buildings and Urban Habitat Best Tall Buildings Award. Torre São Paulo I is the first stage in the new WTorre JK Complex, which is to be a multi-use development incorporating the Juscelino Kubitschek Financial Center and an extension of a shopping mall.
10. Puerta de Europa Tower, Madrid, Spain
Architects Philip Johnson and John Burgee were responsible for the unusual leaning tower that houses the operational Madrid headquarters of Spanish conglomerate Bankia. The building is one half of a pair known as the Puerta de Europa towers, which were finished in 1996; the other edifice belongs to real estate firm Realia. Each structure stands at 374 feet, and the noticeable 15-degree tilt of the towers made them the first inclined skyscrapers ever constructed. The Bankia building, like its twin, has a helipad on its roof, and back in 1995, when the constructions were nearing completion, they featured prominently in Spanish film The Day of the Beast.
9. Bank of America Plaza, Dallas, Texas, USA
At an impressive 921 feet, the gleaming Bank of America Plaza stands proud as the tallest building in Dallas – as well as the third loftiest in the entire state of Texas. Its current sleek façade is comprised of sheets of blue glass and stripes of decorative gray marble, while LED tubes added in a 2013 renovation illuminate the outline of the building at night. JPJ Architects and HLM Design came up with the original plan for the structure, whose two highest stories also act as a broadcast communications tower. The completed construction was unveiled in 1985, and thanks to its electrical efficiency it became among the earliest U.S. buildings to gain an Energy Star award.
8. Volksbank Karlsruhe, Karlsruhe, Germany
The headquarters of Volksbank Karlsruhe in Germany look a bit like a giant, polychromatic fish from certain angles. The oddly arresting six-story building, which opened in late 2008, comes courtesy of Stuttgart-based architects Herrmann + Bosch, and it is arguably as eco-friendly as it is head turning. Through measures such as solar panels and geothermal heating, its utilization of renewable energy sources has cut down on carbon dioxide emissions by an astonishing 86 tons annually. Others benefit directly from its features, too, as all of the energy yielded by the solar panels goes into the public energy grid.
7. Comerica Bank Tower, Dallas, Texas, USA
It is said that everything is bigger in Texas, and perhaps it’s grander, too, if the Comerica Bank Tower in Dallas is anything to go by. Despite a lofty height of 787 feet, it’s only the third-tallest skyscraper in the city – the honor of the loftiest going to the Bank of America Plaza at 921 feet. The Comerica Bank Tower was designed by Pritzker Prize-winning American architect Philip Johnson alongside John Burgee at Johnson/Burgee Architects and in conjunction with global firm HKS, Inc. It was finished in 1987. MCorp Bank were the original tenants following the tower’s opening, but Comerica Bank claimed the premises as its headquarters in 2007 and has been there ever since.
6. Bendigo Bank, Bendigo, Australia
Australian firms BVN Architecture and Gray Puksand teamed up to develop the multicolored wonder that is the Bendigo Bank headquarters in Bendigo, Victoria. The west side of the building is bedecked with multicolored panels – these being in fact aluminum sunscreens that not only make the edifice visually appealing, but also cut down on the amount of bright sunlight entering its interior. The color palette of the sunscreens is also a nod to the structure’s surroundings: the red shades echo the brick buildings of Bendigo, while their green counterparts take on the hues of the adjacent park. This bold piece of design was completed in 2008, and all staff were ensconced the same year. The building went on to scoop a number of Royal Australian Institute of Architects Awards in 2009.
5. China Merchants Bank Tower, Shenzhen, China
The China Merchants Bank Tower has the distinction of being among the tallest buildings in the city of Shenzhen, soaring to a height of no less than 738 feet. Its shiny glass panels and unique shape may mark it as one of the most distinctive edifices in the area, too. The modernist structure was completed in 2001 and serves as the China Merchants Bank’s global headquarters. It was designed by international architectural firm Leigh & Orange Ltd. And in case any very important people fancy dropping in, the skyscraper features a handy landing pad on which visitors can alight in their helicopters.
4. NORD/LB, Hanover, Germany
German/American firm Behnisch Architekten has said that its building for German bank NORD/LB “gently integrates itself in the existing fabric of the city.” With its slick urban looks, we’re not entirely sure that it goes wholly unnoticed, though. After all, there can’t be many bank headquarters in Hanover that look as if they are so intricately balanced. This feat of design, which was finished in 2002, has garnered some attention on the awards front, too: it received a RIBA Award for Architecture in 2004 and was on the midlist for the organization’s prestigious Stirling Prize that same year.
3. European Investment Bank, Luxembourg City, Luxembourg
Düsseldorf-based international firm Ingenhoven Architects created a glass-clad wonder when commissioned to design the new ten-story offices of the European Investment Bank in Luxembourg City. The building’s spectacular roof – which lets in abundant amounts of daylight – rises above the two office wings, and these V-shaped spaces are themselves linked to winter gardens and atriums. Since its completion in 2008, the structure has picked up a slew of awards, including a Royal Institute of British Architects (RIBA) International Award and the Emilio Ambasz Prize for Green Architecture for International Buildings. Those winter gardens don’t just look pretty, either; they also serve as a thermal cushion, in effect removing the requirement for air-con and heating.
2. HSBC Main Building, Hong Kong
The Hong Kong headquarters of multinational bank HSBC was completed in 1986 and is said to have “good feng shui” because it is close to the water of Victoria Harbor, with its view unobstructed by other buildings. In the ancient Chinese philosophical system, water is linked with wealth, so the location of the 600-foot-tall banking headquarters augers well. Global firm Foster + Partners was behind the structure’s design, which has clinched several honors, including the London Royal Academy’s Premier Architectural Award and the Quaternario Award for Innovative Technology in Architecture. It’s also noteworthy owing to the fact that the sun’s rays provide the main form of illumination for the building’s interior.
1. Bank of America Tower, New York City, New York, USA
One Bryant Park is the stunning home of the Bank of America in New York City. Finished in 2009, the towering skyscraper was designed by local architects COOKFOX. This remarkable construction soars to a height of 1,200 feet, and the cost of building it was equally jaw-dropping – $1 billion all told. The sky-piercing spire at the top doesn’t just look good, either; it has also helped cement the structure’s place in the history books as the current third-tallest building in the Big Apple. Furthermore, the building’s eco-friendly credentials are in no doubt, since it was the first skyscraper nationwide to scoop a LEED Platinum certificate from the U.S. Green Building Council.
Finding the right college or university to obtain your Master’s degree in Finance will allow you to truly advance within the industry in various careers. Seeking out some of the top ten colleges for a Master’s degree in Finance is possible by utilizing both online and local resources. Comparing all of the programs available is a way to gain insight into different careers that may peak your interest more than others, guiding you to the right decision.
University of Pennsylvania
The University of Pennsylvania hosts one of the best programs when working towards receiving a Master’s degree in Finance. There are approximately 1,685 students enrolled within the business school of the University of Pennsylvania. Tuition when enrolled for a full year at the University of Pennsylvania costs approximately $57,026 depending on the program you have chosen. Accounting, eCommerce, entrepreneurship, finance, international business, quantitative analysis/statistics and even operations research courses are available from the school of business. There are outdoor ventures, week-long trips, more than 25 research centers and nearly 150 organizations from the college itself available to all students of the university.
University of Chicago
The Booth School of Business offered out of the University of Chicago provides an ideal program when seeking a Master’s in Finance degree. Tuition is approximately $56,000 for all students enrolled year-round. There are approximately 1,161 students enrolled full-time in the school and 1,473 students taking part-time classes. It is possible to earn also earn a M.B.A. by taking evening and weekend courses when enrolled at the University of Chicago. Accounting, economics, finance and quantitative analysis courses are offered from the college and are included in business and finance programs.
New York University
Graduate programs available from New York University include finance, economics, eCommerce, operations research and quantitative analysis, ideal if you are interested in pursuing a Master’s in Finance degree. The total cost of a full degree program offered in finance or in the business industry is approximately $157,00 altogether. Each credit from New York University costs $1,738, with a total cost of about $52,828 for a full year of tuition. There is also a Master’s degree is Mathematics in Finance available through the University.
Stanford University has a much smaller student body than traditional universities, with an average of 803 students each year. The total cost of attending Stanford University regardless of the program you are interested in is approximately $57,300 each year. Accounting, economics, eCommerce, quantitative analysis, and traditional finance programs are all courses that are available when you are working towards a Master’s in Finance. The university also offers more than 30 cross-school electives for students to choose from, giving a wide variety of options when seeking new experiences and relevant interest courses.
Harvard University requires approximately $53,500 in tuition per year that you are enrolled full-time, with a total student body of 1,824. There are graduate programs to obtain a master’s degree in various industries such as economics, finance, marketing, international business, leadership, eCommerce and even general management and administration. Harvard provides a hands-on method of learning with numerous research centers readily available for the student body to access along with more than 70 clubs for students to join while they are enrolled in the college. Most students who are enrolled in any form of graduate program offered from Harvard University will gain access to research centers available from the Massachusetts Institute of Technology along with additional Harvard-based centers.
Students enrolled in Columbia University full-time are required to pay approximately $58,384 annually for tuition. Additionally, those seeking an executive degree from a Master’s program are required to pay $2,688 per credit that is earned through the university. The university itself currently has 1,274 students enrolled, making it a smaller college altogether. There are more than 100 graduate organizations available to enroll in while working towards a Masters degree in Finance when at Columbia University.
Massachusetts Institute of Technology (MIT)
The Massachusetts Institute of Technology offers an entire school of management for students interested in pursuing a Master’s in Finance or Business. The Sloan School of Management currently only has 816 students enrolled with a tuition fee of $57,920 annually for those who are looking to attend classes full-time. Economics, general finance, business, international business, leadership, management information systems, operations research and even technology Master’s degrees can all be obtained when attending the Massachusetts Institute of Technology. The school also partners with various companies throughout India, China and the United states itself to allow students who are working in different graduate programs to get real-time work with solving issues and any problems they may have encountered.
University of Michigan (Ann Arbor)
According to statistics, enrolling full-time in a graduate program when working towards a Master’s degree in Finance costs approximately $50,000 in-state and $55,000 for individuals who are moving from out of state to attend the University of Michigan out of Ann Arbor. Each credit costs $1,638 for in-state students and $1,805 for out-of-state students. Individuals looking to obtain an executive degree from the university are required to pay $52,400 for in-state students and $54,400 for those from out-of-state. There are programs available in general finance and business as well as a Master of Accounting graduate program from the University of Michigan.
University of California (Berkeley)
The full yearly tuition for the graduate program in Finance from the University of California out of Berkeley is approximately $51,422 for in-state students and $53,969 for students enrolled from out-of-state. It is possible to earn a M.B.A from the University of California within 21 months using a traditional program or in 3 years when enrolled in a part-time graduate program.
University of California – Los Angeles (Anderson)
Getting a Master’s degree in Finance from the University of California costs $48,243 for in-state students and $54,530 for out-of-state students who want to enroll full-time each year to complete their program. It is possible to work towards a Master’s Degree program from the University of California in Los Angeles on weekends and by enrolling in evening classes. The university itself also provides opportunities including studying abroad, enrolling in exchange programs and even immersion outings.
In the past, pursuing a career as a financial manager was an opportunity only available to those who attended a full-time program at the physical location of a college. Only those students from wealthy or affluent families may have been able to afford the cost of living on a college campus and paying for the expensive tuition at universities. Now, the world of online education has served as an equalizing force in society and has enabled many hard-working people to pursue their dreams of becoming a financial manager or other type of financial adviser. Students can enroll in an online program and receive a bachelor’s degree in finance at their own pace. Students can consider the following 10 online schools for the excellent finance degree programs that they have. The following factors were taken into consideration to create this list: cost of tuition and textbooks, employment opportunities available for graduates, reputation of the program and any other special offerings available for students.
1. Baker College Online
Baker College Online offers a finance program that focuses on resource allocation. The benefit of enrolling in the bachelor’s degree program is that students will learn how to adapt their knowledge to fields like investment banking, asset management, financial markets and even insurance. Students are able to develop practical problem-solving skills so that they are ready for careers in finance. For undergraduate courses, Baker College Online charges $225 per credit hour. To receive a bachelor’s degree in finance, students must complete 69 credit hours. The total tuition of the program is $15,525.
2. Liberty University Online
At Liberty University, students can obtain a world-class education with a focus on Christianity. Those who are interested in receiving an education that also has a theological point of view may wish to enroll in Liberty’s online finance degree program. For a bachelor’s degree, the cost per credit hour is $340. Military members can pay a reduced rate of $250 per credit hour. Liberty’s program focuses on multiple aspects of finance including accounting, banking, development of investment strategies and the stock market. Liberty continues has been ranked as one of the top 10 online colleges for the past two years by the Online Education Database.
3. Florida Atlantic University
As an online school with a great reputation and low tuition rates, this is an attractive option for anyone with a desire to pursue a bachelor’s finance degree. In-state residents only pay a tuition rate of $2,296 a year, while out-of-state residents pay a tuition rate of $12.458. Applicants may start their program at any time. However, students should be aware that courses may not be offered every term. The finance degree program can be completed in as little as two years.
4. University of Michigan-Dearborn
The University of Michigan is known for far more than its great football team. The University of Michigan-Dearborn offers an innovative finance degree program, and the low tuition rates make it even better. For an out-of-state resident, tuition fees are $20,068. For in-state residents, the tuition fees are $8,857. There is also an online graduate business program offered through the University of Michigan-Dearborn, and over 90 percent of students are already working full-time when they enroll in the program.
5. University of Houston
The University of Houston has been one of the leading universities in expanding online education. The online program was established in 2008. The finance degree program requires completion of 120 credit hours. For in-state students, the tuition rate is only $3,816. Out-of-state students pay $12,072 for tuition. The University of Houston believes in offering students a finance education that is broad and includes courses like English Composition, History and other humanities courses.
6. University of Nebraska
The University of Nebraska offers students with a flexible way to obtain their finance degree. The online finance program gives students the ability to work part-time and obtain a bachelor’s degree too. A four-track program in banking, risk management and insurance, investment analysis and general finance is offered at the University of Nebraska. In-state residents pay a tuition rate of $5,948, while out-of-state residents pay a tuition rate of $13,430.
7. University of Wisconsin
The University of Wisconsin is dedicated to opening the doors of education students from all backgrounds. Over 75 percent of students work while pursuing an online degree at the University of Wisconsin. The school believes in having many components to its requirements for a finance degree, including a service component and experiential learning component. For in-state residents, tuition fees are $5,857. Students from outside of the state pay $13,430.
8. University of Phoenix
The online finance program at the University of Phoenix prepares students for entering the accounting profession. Those who want to receive an education tailored to the CPA exam should consider choosing the University of Phoenix. There are courses available the can be completed in only five or six weeks. Students can also take business law and compliance courses, which are very unique offerings. The tuition rate is $8,720. There is also an undergraduate bookkeeping certificate available for students who may wish to work as assistants in finance firms.
9. Victory University
Victory University offers a finance degree program that provides an intensive study of various aspects of accounting. Students who are interested in accounting or business finance may want to consider enrolling in the program at Victory. The tuition rate for students is $8,040 for in-state and out-of-state students.
10. Columbia College
Students can receive an excellent education when they enroll in the online program at Columbia College. Columbia College offers a finance degree that has very few requirements in comparison with other online college. Students only need to complete nine semester hours of required courses and nine semester hours of elective courses. The tuition rate for students is $7,016. Students can complete the finance major requirements in less than one year.
By choosing one of these online finance programs, you will be able to earn your bachelor’s degree in just a couple years and can save thousands of dollars on tuition expenses. You can get in touch with the admissions department of these schools to learn more about submitting an application.
Getting your first degree in finance or business administration is a big deal because you’ll need it to get an entry-level job or progress to a higher degree. While most online colleges are more concerned with four-year and six-year degrees, there are many that offer two-year degrees for this specific topic. Not only that, but the cost per credit tends to be much cheaper for undergraduate students. These are the top 10 online colleges for finance and business administration.
This online college has a great financial program for new students. Not only that, but it offers many marketing classes, which can be useful for this degree. Online classes are small. Most classes only have about 20 people, which ensure that the teacher can easily focus on each individual student.
Another great benefit is that this college has an accelerated program so that you can get your degree in about a year. You can even get a four-year degree within 18 months. This college is perfect for busy adults and new students who want to quickly enter their desired career field.
If you want a college that has a lot of experience with distance learning, then Independence University is the best. While most colleges have created an online program in the last few years, Independence University has been facilitating distance learning for over 30 years. While this college is primarily for health and medical students, it has recently added a financial program.
This college is ranked among the best for its online program, and the degree is fairly inexpensive when compared to similar colleges.
Brandman University has one of the highest graduating rates of all online colleges. About 80 percent of students graduate, which is significantly higher than other colleges. Their online program is also one of the most immersive because this college implements a number of tools to make things easier for students and teachers to interact.
Instead of just having a video chat feature and online blackboard, there is also an interactive whiteboard, students are encouraged to upload relevant files and there are often deep conversations between the students and teacher.
Sullivan University is more selective about its students than most other online colleges. You are expected to give them your transcript, if you were at a previous college, and SAT or ACT scores before you are admitted. If you are accepted, then you’ll love the flexibility that Sullivan University offers.
Aside from having a hard time getting to class, many busy adults have a difficult time committing to a full-time school schedule. Sullivan University allows you to work at your own pace. You also get all of the same materials that on-campus students have access to.
DeVry University is a recognized name when it comes to online colleges. While this college primarily focuses on tech degrees, you can also get a degree in business administration and finance. Unlike most online programs that are fairly exclusive, it’s very easy to be accepted into DeVry. Not only that, but employers love this college and there are over 95 locations throughout the country where you can walk across the stage and get your diploma when you graduate.
There are also many minor programs and specializations.
Unlike many colleges that are focused on making students take notes and complete tests, this is a career-focused college that wants its students to succeed after college. Not only that, but all of the classes are meant to be fun and exciting.
You won’t be taking notes and listening to boring lectures. You’ll be expected to participate in informative seminars where all of the students will input into the conversation. If you want active classes and a career-focused degree, then Argosy University is perfect for you.
California Southern University
Most people don’t miss the commute, crowded classrooms and difficult parking of a physical college, but they do miss the large and impressive libraries that every college has. While most online colleges do their best to supplement you with e-books and online resource materials, they all tend to fall flat in this regard.
California Southern University has a huge online resource system so that you can easily student for your tests and learn more about your favorite finance topics. Not only that, but faculty members will give every student individual attention and mentoring to ensure that they succeed.
If you would prefer a more religious university, then Benedictine University offers you an online program that is specifically meant for devote Catholics. This college offers a variety of business and finance degrees, and you can easily get your degree in less than two years.
Students are expected to embody an entrepreneurial spirit. If you want to start your own business or quickly climb the corporate ladder, then this is the perfect college for your needs. Students also seem to have a fellowship that isn’t seen with most other online colleges. While most students are religious, the issue typically isn’t forced on students who are more interested in just getting their degree.
New England College of Business and Finance
This college tends to have more money than others because it’s the only bank-sponsored college in the country. As you can tell by the name, this college specializes in teaching students about business and finance. The online program is expected to take about 160 weeks to complete.
Aside from teaching students about general business practices and essential financial strategies, the program is meant to easily lead into a four-year degree. If you want a specialized college or a higher degree, then you’ll like this online program.
Southern New Hampshire University
This online program excels in showing you the ropes when it comes to business. The program obviously focuses on financial studies, but you’ll also learn about business law, marketing, technology and applied statistics so that you can become a great asset to whatever employer that you work for.
Another interesting benefit is that this college has many satellite campuses throughout the New England area. If you are in this area of the country, then you can easily visit the campus to see the library or talk to other students.
Whether you’re trying to save for retirement or have an easier time with your monthly bills, managing your finances is exceedingly important in today’s world. The major problem is that less than 20 percent of employees are ready for retirement or random financial needs like medical bills or other emergencies. If you want to better manage your finances, then follow these 10 tips.
If you are an employee, then pay attention to how much taxes are taken from your weekly check. People who get larger tax refunds at the end of the years are at a disadvantage. Not only is that money tied up with government until the end of the year, but you can’t use or invest it until you get the refund check. Try to reduce your taxes to have some more money each week.
If you are self-employed, then deduct everything you can during the tax season. Self-employed people have to pay higher taxes, but they can pay less than employed workers if they make the right deductions.
Where is your money really going? You know it’s going towards bills and necessary expenses, but most people find that they are spending hundreds or thousands of dollars on unnecessary expenses. Experts suggest that you check your last three credit card and bank statements to see what you are spending your money on. You can then limit your spending to have more for your retirement fund or other needs.
Save for Holidays
Most people don’t pay for holidays and vacations with their available money. They will turn to their credit cards to finance these spending sprees. It’s a much better idea to save for the holidays and vacations so that you don’t have to pay the credit card’s interest rate. Not only that, but you won’t worry about paying off the large debt.
You should divide your regular holiday and vacation spending by 12 and save that much every month. This will also keep you from overspending because the expense will seem more tangible.
Necessary Living Expenses
While it is getting better, the unemployment rate is still fairly high. Experts have said for years that everyone should have at least three to six months worth of money saved in the bank so that anyone affected by a financial crisis can get through it without panicking.
You should still save this much money, but experts are now saying that 10 to 12 months worth of money is better. Not only does this keep you from using credit cards or getting loans, but you’ll be able to make sound financial decisions if something happens.
Make Larger Payments
Nearly everyone has debt. It can come from credit cards, loans or mortgages. All of these debts have interest rates that will make you pay substantially more than the original debt. While you will eventually pay the debt in full if you make the minimum payment, you will pay much less if you use your extra money to make larger payments.
If you have a few debts, then it’s best to use the money on the debt with the highest interest rate. If you have many debts, then it’s in your best interest to pay the lowest debt so that you can quickly get rid of it.
Many people save any money they have at the end of the month. This seems like a good idea because it allows you to pay all of your bills without worrying about running out of money. The bad thing is that you will be more likely to spend that extra money on small things throughout the month.
It will be much easier to save money if you have it automatically deducted from your check. For example, place the money in a bank account or retirement fund. You’ll learn to live with slightly less each week, and you won’t feel tempted to spend the extra money on unnecessary expenses.
Make a Plan
Saving money is difficult when you don’t know how much you need for your long-term goals. First of all, what are your goals? What are you saving money for? You should then find out how much money you really need to save. For example, if you want to retire in 20 years, then how much money do you have to save every week?
Making a plan allows you to create a realistic budget, and it ensures that you have realistic expectations. Another benefit is that you’ll feel like you’re achieving something. Saving money for no reason won’t motivate you, but saving money so that you can live your golden years without worrying about finances should be motivational.
Invest and Grow
While it’s true that most people are not good at investing, you should invest your money in some low-risk ventures to make the most of it. Not only does this increase the value of your savings, but it will be easier to manage your finances because you’ll be building wealth.
Failing to invest your money will make things much harder. For example, you might have to save thousands of extra dollars to reach your retirement goal. You can place the money in a Roth IRA fund, buy bonds and invest in a mutual fund. There are many low-risk investments that can make your money grow.
Understand Net Worth
Nothing helps people manage their finances more than understanding their true financial situation. You could make $120,000 a year or more, but still be in debt. Net worth is basically what you own versus what you owe. To figure out your net worth, look at all of your assets and annual income. You should then add up your bills and liabilities. The difference between these figures is your net worth.
Check your net worth every year to see how your finances are doing. Not only does this show you where your money is going, but it will help you understand what you are really worth.
Still having a hard time managing your finances? There’s no shame in visiting an accountant or financial adviser. He or she can look at your financial situation and then create a suitable budget to help you reach your goals. It might cost some money, but you’ll have a professional budget that really accounts for your needs and limitations.
Whether you have student loans, a mortgage, credit card bills or all three to pay, it can be helpful to learn some money-saving tips early in life. The earlier you begin to develop cost-saving financial habits, the more likely you will be able to save thousands of dollars in your lifetime. Cutting out unnecessary expenses can also help you pay off major debts in a shorter period of time. Here are some basic tips that can be easily implemented in your daily life and help you keep more cash in your pocket.
1. Cut out the expensive cups of gourmet coffee.
Buying just a single gourmet coffee can be incredibly expensive over time. Paying just four dollars for a cup of coffee every month can cost over $120. Over a year, that amount adds up to over $1,400. Using a thermos instead of buying a gourmet cup of coffee is one of the easiest ways to get back onto the road to financial frugality. To help you in forgoing the daily cup of gourmet coffee, just think about all of the things that you could do with $1,400 in your savings account.
2. Pick one day of the week for eating out.
Eating out at restaurants is another way in which you can quickly burn a hole through extra funds. Eating out with just two people can easily cost over $50, while it may only cost $8 or $10 to create a meal with leftovers for days. If you truly feel like you cannot live without eating out, then designate a single day for eating at a restaurant that you enjoy. This can also serve as a reward for when you stick to a budget and follow your own cost-saving tips throughout the week.
3. Pay bills on time to avoid late fees.
For credit cards, it is vital to make all of your payments on time. Missing just a single payment can cause a credit card company to increase your monthly payments and also hit you with late fees. These fees are usually in the $20 to $30 range, and they can add up over time. Enrolling the automatic payment option can be a great way to make sure that you stay on top of your bills.
4. Learn how to cook at home.
Cooking at home does not have to be something that you try to master over night. Rather, you can gradually get yourself into the habit of cooking at home to eliminate the costs of fast food and dining out. There are plenty of free and simple recipes available on the Internet for busy professionals. Print out one or two to try every week and gradually become excellent at mastering the art of cooking at home.
5. Be aware of credit card fees.
Before you sign up for a new credit card or bank account, you should always be aware of any annual fees associated with the accounts. These accounts may charge you an annual fee for your use of the account, and the fees can add up over time. Also make sure that you read over the contract terms to make sure there are no other types of fees associated with the account.
6. Research routes on the Internet before traveling to a new destination.
It may seem counter-intuitive, but you should not always rely on your GPS system to send you to the right place. GPS systems are frequently not updated and can cause you to burn through precious fuel. You may also find that a GPS does not provide you with the most efficient route for ultimately arriving at your final destination. Instead of buying a new GPS or continuing to use yours, you should always use a free map service online to print directions ahead of time.
7. Check for prices of expensive items online before splurging at the store.
Whether you feel the impulse to buy a new television set or other type of electronic, you should always make sure you check prices online before buying an item in the store. Just remember the general rule that you should always run an online search for any item that you want to purchase which costs over $100. Chances are you may be able to find a similar item sold on the Internet at a more affordable price or may even be able to purchase a used or refurbished version for a great price. Their are also certain sites you can go to, such as Craigslist, where people are trying to get rid of items and will either give them to you or sell them for cheap.
8. Rent books and DVDs from the library.
Instead of buying new books or paying for an online movie service, you can save some extra cash by renting books and DVDs from the library. Renting DVDs from the library can also save you from wasting precious work hours in front of a computer screen. You will find that you can be more productive in.
9. Be aware of your data usage for cell phones.
Cell phone companies have recently begun to hit customers with high fees for data overuse. In the smartphone era, it can be easy to listen to hours of streaming music or watch funny movie clips without realizing one’s data usage. Overuse fees can be at least $30 or more, so it is a good idea to start paying attention to your data usage on a smartphone to eliminate unnecessary costs. Here is an example of a cell phone data usage bill gone wrong.
10. Keep the same car for as many years as possible.
Another way in which people can dig themselves into a financial rut is by purchasing vehicles that they cannot afford. You should do everything you can to maintain and keep your current vehicle in excellent condition. It is also better to own a car rather than lease it, because you can always try to resell the car at a later date.
By following these tips, you can position yourself for financial success in the future. Being careful with your money will yield great rewards in the long run, and you may be able to save yourself from paying thousands of dollars in pure interest fees on student loans, auto loans, mortgage payments or other types of necessary fees in your daily life.
It can be hard to tell the difference between an economics degree and finance degree</a> because they seem almost the same. Both of these fields of study concern money and the economy, and both of them have an amazing career potential because every business needs help with its money. At the same time, you’ll notice some differences when you look at the direction of study and the careers that these degrees will help you obtain.
Direction of Study
Classes in finance will often stress certain aspects that affect the market and the client’s individual finances. For example, you’ll learn about interest rates, analyzing the current market, finding price trends and risk quantification. Many classes will also discuss accounting, assets, finding and minimizing liabilities and analyzing a business’s financial statements and accounts to see how the company is doing.
Economic classes will focus more on the overall market and how the government affects it. You’ll learn about what effect production has on a country and how to determine a nation’s overall consumption of goods. You’ll also see how certain government laws will affect taxation and spending. Many classes will also focus on financial regulations. Students will also understand how to identify trends in GDP and inflation.
Both of these degrees will help you qualify for a variety of positions at many different companies, but just like the direction of study, the jobs are quite different. People who have a finance degree will typically work at banks and firms where they help customers and clients with their finances. Depending on your exact position, you might help people get loans, analyze financial statements to see how well the company is doing or develop budgets based on the client’s goals.
Some common jobs for a finance degree holder include loan officer, credit analyst, insurance agent and treasurer.
People with an economics degree will typically work for government offices at the state or federal level, or with universities. Some of them will also work for private companies, but this isn’t quite as common. You’ll primarily be analyzing the local or national economy to help create and change economic policies so that the area thrives. You might also study trends so that you can help government offices.
Both of these degrees can help you reach a management position, but you’ll need at least a six-year degree in most cases. There are very few business that will permit people with a four-year degree to become a manager.
The common income is typically high with both degrees, but a finance degree is somewhat better. People with economics degrees will typically make around $70,000 to $115,000 at their peak. If you have a finance degree, then you can expect around $65,000 to $170,000.
At the same time, this entirely depends on your position. For example, some less motivated finance degree holders work for years as bank tellers. The position has a median income of around $24,000. There are also some senior economists that make more than $115,000 a year.
Choosing between an economics degree and a finance degree can be difficult because they seem so similar initially, but there are some major differences when you really consider the specifics. If you like helping companies with their money, then a finance degree is better. If you like analyzing spending trends and creating policies, then an economics degree is better.
Want to get rich quick? Who doesn’t? This is the essential appeal behind the Ponzi scheme, an investment scam that repays investors from the investments made other investors rather than from profits. Eventually, the perpetrator of the Ponzi scheme runs out of new investors, however, and the whole scenario topples.
Ponzi scheme bait is typically an unrealistically high rate of short-term return. In one form or another, the scam has been around for centuries, but it owes its name to the fraudulent dealings of Charles Ponzi, an Italian con artist who perpetrated the swindle on a host of unsuspecting victims throughout the early 1920′s.
One of the basic laws of investment is that if an investment seems to be too good to be true, it’s best to avoid it. Here are some ways to spot Ponzi schemes, and protect yourself against them.
• Don’t be guided by greed. At any given time, the market has an average rate of return, but the more risk you assume in your investment, the higher that rate of return. Be very suspicious of any investment opportunity that offers you an “assured” return of abnormally high returns. Don’t let your reservations be quelled by the argument that other people are doing it either. If everyone you knew was jumping off a cliff to certain death, would you follow?
• Don’t allow yourself to be pressured into making an investment. Since Ponzi scheme organizers need your money to keep their fraudulent operations afloat, they will often try to pressure you with a false sense of urgency.
• Don’t be taken in by “tips.” One popular lure that many Ponzi scheme organizers use is “insider” information. Bernard Madoff, for example, told prospective victims that he was highly selective about the people to whom he offered his investment opportunities. If an investment opportunity isn’t open to anyone with the cash to invest in it, view it with a grain of salt.
• Although some Ponzi schemes use products or services as a front, most Ponzi scheme perpetrators are secretive about their business model. Bernard Madoff refused to allow investors access to his hedge fund’s financial statements. Avoid investments whose organizers refuse to divulge a basic business plan and strategy. A legitimate investment opportunity offers prospective investors some degree of transparency into its operations.
• A popular form of the Ponzi scheme is the pyramid scheme in which an investor is promised rewards for recruiting more members. While not all multilevel marketing business plans are pyramid schemes, a great many of them are. Always use caution if you are approached to participate in a program where being paid or receiving a reward depends upon recruiting others.
• Never invest money with a money manager, business or organization without performing due diligence to make sure that company has a good track record for making profits. If a company is promoting a new or speculative product that is not a proven revenue generator, the company has an obligation to let prospective investors know this. If a company has no credibility, it’s best to avoid investing your money in it.
• The people promoting a money-making opportunity to you should also be credible. If an investment opportunity promoter has any history of fraud or financial controversy, it is best to sidestep that investment opportunity. It’s also a good idea to check the history of the company’s management team as well as any regulations governing the industry to ensure the business in which you’re considering investing is in compliance.
People with a degree in finance can work for many different companies. Some say that the possibilities are endless because every company needs help with its finances. At the same time, there are some jobs that are more common than others. Here are the 10 most common jobs, ranked by pay, for people with a degree in finance.
A treasurer will typically make around $97,000 a year. This is one of the highest jobs that someone with a finance degree can obtain because the treasurer basically functions as an overall manager for the whole financial department.
Treasurers might plan and oversee budgets, financial statements and accounts. They will typically work with the management staff so that they know about the budget, and they will help implement the budget so that no one spends too much. Treasurers must also help with sales and fundraising, reporting finances to auditors and CEOs and managing the company’s books.
You will typically need at least five to 10 years of experience to be considered for this position.
Personal Financial Adviser
People with this job often make around $85,000 a year. Most of these people are similar to freelancers because they have to build and maintain client relations. If you work for a firm, then clients might be supplied to you, but you’ll usually have to find your own clients.
It will be your job to manage a client’s finances and help him or her create an effective budget based on the client’s goals. For example, a client who wants to build wealth will need a different budget than someone who wants enough money for retirement. You will also have to contact clients to see if there are any changes in their finances.
Most financial analysts make about $73,000 a year. This job will require you to carefully look at a client’s or company’s finances to analyze its current financial situation. For example, is the business losing money? If so, then what can be done to alleviate the problem?
You will have to constantly look at different financial variables, check common analyzing trends and create spending plans and forecasts to help your client or employer. You’ll also be charged with correcting any wrong information.
Auditors will typically make $68,000 a year. These people are responsible for auditing certain parts of the company to ensure that internal controls and financial policies are being upheld. For example, an auditor might check a department’s spending and sales.
If there are any problems with the audit, then the auditor has to identify the issues and find a way to fix them. They must also assess risks to ensure that the company has the highest chance of succeeding against the competition. They might have to support external auditors with taxation issues.
A budget analyst will commonly make around $67,000 a year. While some budget analysts will work with individual clients to make a budget, these people usually serve entire companies. They will analyze the company’s spending, sales and assets to create an effective budget. If the company is very big, then the analyst might be responsible for a single department.
They must talk with managers to inform them about budget changes, and to help them implement the changes without causing any major disturbances. Budget analysts must create budgets that reflect the company’s immediate and long-term needs.
You will typically make $58,000 a year as a loan officer. Most of these people work for banks, and they commonly have to deal with customers. You will have to review a client’s credit score and financial information to see if he or she is eligible for a loan. If the person isn’t eligible, then you’ll typically give the information to a manager so that he or she can make a decision.
You will also have to explain the different loans that the bank offers. If the client isn’t eligible for a loan, then you might have to explain what prevented him or her from getting money.
Buyers will usually make $54,000 a year. Most buyers work for retail stores, but they can also work for universities, distributors and any other business that commonly buys products or supplies. You’ll be responsible for ordering products and effectively using the company’s money to ensure that the inventory is properly stocked.
You might have to communicate with department managers to see what items they need. If you need to make a large purchase, then you may have to speak with your managers to approve the purchase.
Most accountants will make $52,000 a year. Accountants typically work for a company, but they can also be self-employed. Their most common responsibility is computing taxes and ensuring that the client’s tax information matches the current tax laws.
Accountants are also charged with checking the client’s accounting records and balancing the finances, preparing financial statements or just ensuring that the client is making a profit. Some accountants will have to create a budget if a budget analyst isn’t available.
People with this career commonly make $33,000 a year. Collectors might work for the government, but most of them work for private companies. They will have to analyze delinquent accounts to see which clients owe money. They will then have to send letters, make phone calls or write emails to contact the account holder.
Finding delinquent accounts is usually easy, but dealing with the account holder might be difficult.
This is the lowest job on the list, but it’s one of the easiest to get and it might be considered an entry-level position that you need to go through before you can fill higher positions. Most bank tellers make $24,000 a year. You will usually help customers with their transactions. The most common responsibility is helping customers deposit or withdraw money from their accounts, but you might also have to tell them about how much money they have in their account or ensuring that they talk to the right department about getting a loan or starting an account.
Whether you are single and living on your own or if you have an entire family to support, knowing various strategies to a better financial future can help to eliminate every day stress and worry that coincides with money and struggling. Learning different methods to a better financial future is a way for you to break free from stress while allowing yourself the opportunity to live life any way you envision.
Assess Your Current Financial Situation
Before you can begin rebuilding your current financial situation, it is important to assess your own finances regarding income versus any debt and expenses you have in your name. Knowing every detail about your own financial situation is a way for you to gain insight into the path necessary for you to get ahead rather than falling behind.
Set a Budget for All Expenses and Bills
It is also essential to set a budget for all of your household expenses and bills, including everything from grocery shopping and Internet bills to dining out with the rest of your family each week or month. The more you track your expenses and how you are spending your money with each paycheck, the easier it becomes to get a proper grip on how to handle your finances alternatively. Having a budget in place for all of your bills and expenses is much easier once you review your current finances. It is also advisable to review all of the assets you have in your name and within your entire household. Be sure to include all property that you own or that you have invested in along with vehicles and other large items that you have in your name when calculating your assets. The more information you have regarding your financial income, debt and overall worth, the easier it is to stay in control of your finances when it comes to making future decisions.
Avoid Counting Tax Refunds Into Your Budget
Although you may receive a tax refund in your household each year, it is important to avoid counting this into your overall budget for spending. Instead, put your tax refund aside into a savings account. You can also put it into a “rainy day” account to use for emergencies or to save up for travel and other luxuries in the future.
Create a Rainy Day Fund in Your Household
Having a rainy day fund in your home is a great way to begin a new life with a better financial future. Saving money regularly and putting it into a rainy day fund can ensure you always have funds on hand when you are seeking a bit of entertainment or when you need your car repaired or even towed.
Emergency Credit Card Use
Applying for an emergency credit card is highly recommended if you are qualified. Knowing you have a credit card on hand in an emergency situation is ideal if you run out of gas or if your vehicle breaks down and you do not have the cash on hand to cover the expenses. Using an emergency credit card should only be for actual emergency situations and nothing more to eliminate debt and interest on the card. You can compare credit card interest rates and other information by searching online and viewing your options from home before submitting your credit card applications. Be sure to read each credit card’s terms and conditions before applying for the card yourself to ensure you find the card with the lowest interest rate and the best perks and rewards.
Attend College Early On
Attending college early on before you begin planning a family and investing in a home is a way to help boost your chances of employment depending on the industry you are interested in working in. Getting a degree can guarantee work if your job is in demand, easing your stress in the future when you do begin to invest in property and having a family of your own.
Use a Spreadsheet
Use a spreadsheet regularly to keep track of your finances including your income, expenses and other bills that you may have recently received. You can print your own spreadsheet or use software programs from home to keep track of your finances separately from your bank statements. The more you keep track of your finances with your own spreadsheets, the easier it is to project how much income you will have on a monthly basis in the future.
Install Financial Applications
Using finance apps on your mobile phone, tablet or even on your computer can help to keep track of your own financial picture including income and expenses. Using apps online allow you to gain insight into your spending habits in regards to groceries, clothing, entertainment, dining out, gas, bills and even travel expenses. Apps are available on most operating systems and types of mobile phones available on the market today.
Check Your Balances Frequently
Checking your bank balances using your own checkbook is highly recommended. It is ideal to check your balances at least once a week, or more frequently depending on how much you are using your checking account on a daily basis. Using your own checkbook is just another way to ensure you are in line with any budget you may have in place at all times, in addition to using online banking and your own spreadsheets.
Save Money With Each Paycheck
If possible, put money aside into savings with each paycheck you receive. Saving money with each paycheck is a way to ensure you always have money available in case of an emergency or a purchase you are looking to invest in. You can save money in your own rainy day fund or by opening a savings account depending on your bank and your own saving preferences.
Putting a few of the best financial strategies to use in your own life is a way to greatly increase your wealth and awareness of your finances at all times. Taking the time to manage your finances properly is a way for you to consistently have control of your money and decisions in all aspects of your life.