For a better experience on CFAL, update your browser. For a better experience on CFAL, update your browser. While there are many paths to achieving your ideal version of wealth, there are a and handful of habits practiced by those who have already attained their financial goals that the average person can adopt in their day-to-day life to have the same level of contentment that even the wealthiest people have. These habits are not trendy or flashy, but t...
Investing has long been a space dominated by men, and despite progress, women still tend to invest at a lower rate, particularly in equities. The most recent data from the Central Bank of The Bahamas in 2019 revealed that while women are 51% more likely to save for the long-term than their male counterparts, only 36% of investors in The Bahamas are...
Purchasing a home is a dream for many and is also considered a great marker of personal success. But when you consider the rising costs of real estate and limited wage growth in The Bahamas, the dream of homeownership can seem unattainable. Recent news reports have pointed to new data from the International Monetary Fund (IMF) which revealed that f...
People the world over use the start of a new year to set personal goals. Many resolve to improve their health and fitness habits, travel, or to spend more time doing things they love. The start of a new year is also the perfect time to press the reset button on your finances. Whether you want to pay off debt, save more, invest, or simply improve ho...
As our U.S. neighbors prepare for their upcoming election, it’s a good time to reflect on the parallels between voting and investing. Voting isn’t merely a civic responsibility; it’s an investment in the future of our community.
Children throughout The Bahamas are now back in the classroom; however, they are missing one key component to give them a well-rounded education, personal finance education. Basic personal financial education is an essential life skill that has become increasingly important in today’s complex economic environment.
Our friendships, family, and community profoundly influence our financial decisions. Like children, our behavior is often a mirror of the environment in which we were raised, and the values we were taught. This behavior often continues into adulthood, and we tend to reflect the habits and attitudes of those around us when it comes to money...
In a significant move towards modernizing the electrical infrastructure on New Providence, the government entered into a 25-year agreement contract with Pike Corporation to upgrade and manage Bahamas Power and Light’s (BPL) transmission and distribution (T&D) system through a special purpose vehicle (SPV) called Bahamas Grid Company.
With schools winding down, students looking forward to soaking in the dog days of summer poolside and high school grads gearing up for a new adventurous chapter in their lives, parents are without a doubt reflecting on how they can best give their children a leg up in life.
To retire in your 30s, understanding your specific needs and goals is crucial. We will explore important things you need to know in your journey toward a successful retirement.
With April observed as Financial Literacy Month, we’ll delve into strategies you can implement that can make you become more financially resilient, particularly in the event of financial setbacks.
This month is International Women’s Month. Over the month, our blogs will focus on financial planning tips for women. Saving for retirement is important for everyone. However, women have some unique challenges when it comes to planning for retirement.
At the end of each year we take time to reflect on our behavior and achievements, or lack thereof, in the outgoing year and resolve to improve in the new year by setting fresh goals or revisiting old ones. This blog post will explore a few of the best financial resolutions that you can commit to next year.
The holiday season is upon us again and during this time many companies give their employees a well-deserved performance bonus or raise. If you are lucky enough to receive extra compensation this year, here are 5 smart ways to put it to work (no luxury car purchases, or shopping sprees included).
Christmas is an exciting time of the year for many. It is the time of year when we celebrate the birth of Jesus Christ and cherish this special time of year with our families. Christmas celebrations can include holiday parties, dinners, and gift-giving. Gift-giving and celebrations can lead to a lot of money being spent. Here are some of the key do...
Are you stressed out over your finances? Are you overburdened by debt? Are creditors contacting you due to missed loan payments? Having high levels of debt increases your financial burden and affects your ability to pay for regular expenses. By reducing debt, you will improve your financial flexibility and your ability to save towards your emergenc...
There is power in giving back to our communities. It provides an opportunity to have impact in the lives of others and in causes we cherish most. With Covid-19 lockdowns still fresh on our minds, we find ourselves thinking, “How can I make a difference?” It is never too early – or too late – to plan for giving.
Investing is an important part of building wealth and can include purchasing stocks, bonds, mutual funds and much more. Before you start investing, be sure that you have these things covered.
Want to create a personal financial budget but don't know where to start? Learn about your money habits and take control of your finances with these easy tips.
