Category: Finance & Banking

As a young professional, it’s important to learn how to budget your money. One popular budgeting method is the 50/30/20 rule – you may have heard of it. But what does it mean, and how can you apply it to your own life? In this blog post, we will break down the 50/30/20 rule and […]

Salary negotiations are one of the last steps in the hunt for a new job. They aren’t exactly synonymous with asking for a raise, though the two share a lot of similarities.

Careers in finance offer professionals the opportunity to work in a field that is diverse and fast-paced. Most careers in the finance field require, at a minimum, a four-year degree and often require degrees in business, math, economics, or statistics. According to the U.S. Bureau of Labor and Statistics, employment in business and financial operations […]

Debt may be a four-letter word, but it’s also a part of most of our lives. In fact, did you know that 60% of college graduates have some sort of debt, equaling a total of $1.41 trillion in total outstanding student loan debt? And that’s just student loan debt. We’re not including mortgage, auto, and credit card debt.

It’s literally the million-dollar question: how much money should we save for retirement? There are some super complex projections out there, as well as some really easy calculators. Which are the best tool to use? We think any of them… as a starting point.  (Ahem, we also have a pretty sweet—and easy—retirement tool in the Pocketnest app. Go ahead! Log on and take it for a whirl!)

A five-year financial plan—what is it? How does it work? Who really needs one? Is there a certain age by which you should have one? All great questions!

The Penny Hoarder Kent McDill March 29, 2022 The Federal Reserve has hiked interest rates for the first time since 2018, partially due to consumer angst and anger about rising inflation. Have you seen the price of gas? In general, a rate increase is good for savers and we may see some drops in the […]

Silicon Rust Belt Caitlin Renton March 14, 2022 Let’s Detroit held its Women Leading in Tech event Thursday at Bea’s Detroit in celebration of Women’s History Month. Attendees networked with professionals and listened to a panel discussion from women in high-tech automotive and mobility, plus fintech. This was the first year Let’s Detroit held the […]

To celebrate Women’s History Month, Let’s Detroit is hosting a free networking reception and panel celebrating some of the top women in the high-tech auto and mobility industry and startup community. The event will be held on Thursday, March 10, from 5:30-7:30 p.m. at Bea’s Detroit. Get to know the panelists below, and register for […]

The Penny Hoarder Timothy Moore Jan. 6, 2022 Banking has not been immune to the volatile conditions of today’s rapidly changing world. From the COVID-19 pandemic to a rise in artificial intelligence to new cybersecurity threats, banks continue to face large challenges that are ultimately changing the way they operate. We’ve seen large shifts in […]