Newsletter
Better Finances for a Better You
← 079 Neontra Newsletter Issue #078 077 →
Estimated reading time: 6 minutes
Did you know?
The purchasing power of $100 U.S. can vary by as much as 26% from state to state. California has the lowest purchasing power ($87.50), while Arkansas has the highest ($113.40).
The Purchasing Power of $100 in Each U.S. State →Word of the week
Purchasing Power
Purchasing power refers to the amount of goods or services that can be purchased with a unit of currency at a specific time. Over time, inflation reduces the purchasing power of a currency.
Understanding Purchasing Power and the Consumer Price Index →Budgeting
With higher housing, transportation costs and food prices, many Canadians feel the effects of inflation each time they open their wallets.
Budget Busters — The Impact of Inflation on Everyday Life By Amanda Reaume →Quote of the week
"Money, like emotions, is something you must control to keep your life on the right track."
- Natasha Munson
Infographic of the week
Ranked: Countries by Wealth Disparity Changes (2008–2023)
A recent US Federal Reserve analysis found that from 2019 to 2022, low-wealth groups in America had larger percentage gains in wealth compared to their high-wealth counterparts.
How Wealth Inequality Has Changed Since 2008, by Country →Saving
Grocery shopping can be expensive, especially if you have a lot of mouths to feed. Here are eleven tips you can follow to save money on your next grocery run.
11 tips for saving money at the grocery store by Alexandria White →Investing
How to Start Investing in Canada: 9 Steps to Success by Steven Porrello
1. Assess your risk tolerance 2. Choose Your Investing Style 3. Decide How Much You Can Invest 4. Pick the Right Kind of Stock Investments 5. Choose a broker 6. Open the right investment account 7. Diversify Your Stocks 8. Keep a Steady Eye on Your Portfolio 9. Invest Consistently for the Long-Term
You may only have a little money, but consistently investing a little bit every month grows over time →Serious stuff
Financial literacy is one of the most important skills you can develop in your life, but it can often be daunting and overwhelming. There is a new free Financial Literacy course on Khan Academy. From understanding interest rates to navigating the stock market, this course breaks down complex concepts into easy-to-understand lessons that will empower you to take control of your money.
Take your finances to the next level with the practical tips and step-by-step guidance from Khan Academy →Fun stuff
"Neontracks"
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