Personal Finance

How does a Rising Interest Rate Environment Affect the Economy?

I’ve heard that the Fed plans to raise the interest rate this year. How will this impact the economy and the current inflation rates? The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to stay, given that headlines announced…
Read More

Step 5 of 12 to Financial Wellness: Practice Mindful Spending

Creating a budget and deciding to stick to it is easy; it’s actually carrying through on your plan that’s the hard part. For too many people, financial responsibility ends at having good intentions and real life gets in the way of all well-laid plans. A large part of the discrepancy between what…
Read More

Step 3 of 12 to Financial Wellness: Pay Down Debt

You’ve tracked your spending, designed a budget for your monthly expenses, and you’re well on your way to financial wellness. In this next step, you’ll create a plan for paying down your existing debt. Consumer debt can be one of the biggest challenges to realizing good financial wellness. Credit…
Read More

Step 2 of 12 to Financial Wellness: Creating a Budget

Now that you’ve tracked your spending and kept a careful record of where your money goes over the course of a month, you’re ready to move onto the next step of financial wellness: creating a budget. Budgets play a crucial role in promoting financial awareness, which then helps to facilitate more…
Read More

What are the Benefits of an Interest-Bearing Checking Account?

I’m looking to open a new account to keep my savings and I’m wondering if I should go with another savings account or an interest-bearing checking account. What are the benefits and disadvantages such a checking account? An interest-bearing checking account — a dividend-bearing checking account…
Read More

How Does War Affect the American Economy?

As the war between Russia and Ukraine continues, I’m worried about the U.S. entering the war.  And if that happens, how does war impact the economy and how can I protect my money in case of war? While we all hope the war comes to an end soon, the reality is that when major countries...Read More
Read More

How Does A Rising Interest Rate Environment Affect the Economy?

Since the Fed has already raised the interest rate once this year, and may raise rates again in 2022, how will this impact the economy and the current inflation rates? The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to…
Read More

12 Steps to Financial Wellness-Step 1: How to Track Your Spending

You’ve tracked your spending, created a budget, worked on ridding yourself of debt, and are well on your way to a financially secure life. Now you’re ready for step four, in which you’ll have the money talk with your partner. Talking finances with your partner may not be your idea of a shared romantic…
Read More

Tax Tips 2021

It’s not the most wonderful time of the year, but tax time is right around the corner.   Here’s an article that helps understand some of the tax changes, deductions you don’t want to forget as well as the benefits of filing electronically.   (Link to Blog article).   As always, please seek…
Read More