Personal Finance

Back-to-School Shopping Hacks

It’s back-to-school season, and that means you’ve got a list of stuff a mile long to buy. The good news is that you don’t need to break the budget during the second-biggest shopping season of the year. There are lots of ways to save, and if you plan your shopping well in advance instead of...Read…
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Should I Buy an Electric Car?

With gas prices soaring and expected to continue climbing into the foreseeable future, I’m wondering if this is a good time to consider purchasing an electric car. Should I buy an electric vehicle now?  Thousands of drivers are grappling with this question as gas prices peak. While an electric vehicle…
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How Do I Boost The Rate Of Return On My Savings?

CERTIFICATE LADDERING! While interest rates were at all-time lows, many people parked their money in savings or insured money market accounts. But now that interest rates are starting to rise, many members are wondering how they can maximize the return on their savings. What about Certificates? With…
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Should I Keep Cash at Home?

I’ve been seeing posts all over social media about keeping cash at home during times of rapid inflation. Keeping large amounts of cash in envelopes, kitchen drawers or stuffed under the mattress is not recommended during times of inflation – or at any other time. Here’s all your questions on handling…
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12 Steps to Financial Wellness Step 7: How to Pay Yourself First

Now that you’re managing your money well and you’ve even learned to share the gifts you’ve been given, it’s time to start perfecting the art of saving. “Pay yourself first” is a catchphrase that means prioritizing your personal savings above other expenses. Savings should not be an afterthought…
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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…
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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…
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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…
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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…
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