What do Federal Rate Increases Mean to You?

Rising interest rates can mean different things for borrowers and savers. Right now, it's leaning in favor of people who want to save money. So, what's the reason behind the federal rate increases? Also, how will it affect your wallet? What's the purpose of federal rate increases? While the Federal Reserve already raised rates three [...]

2022-09-19T11:12:10-04:00September 22nd, 2022|Categories: Education|Tags: , , , |

2 Things Lenders Look at When You Get a Loan

We live in a world where loans can help us afford things we need without paying for them up front. People get mortgages to purchase their first home, car loans, personal loans, and credit cards. But what do lenders actually look at when you get a loan? What determines if you're approved or denied? [...]

Your Guide to a Credit Freeze

How to Freeze and Unfreeze Your Credit You've likely heard about something called a credit freeze in the last few years. Essentially, it’s a way to lock your credit report so that no one can access it. That means legitimate creditors and fraudsters alike. While putting your credit on ice has been free under federal [...]

The Importance of Keeping Your Account Beneficiary Current

As an adult, a significant part of managing your finances is preparing for the future. In the short term, that may include putting money aside in an emergency fund for unplanned expenses. Long-term, actively saving in retirement accounts helps to ensure you’ll be ready for your golden years. Some people overlook naming a beneficiary. [...]

Buy Now, Pay Later: Is There a Catch?

The ability to buy a product or service now and pay for it over time is nothing new. It's the same concept that made credit cards one of today's most popular forms of payment. Yet, everywhere you look lately, from grocery stores to online retailers, there is a “new” way to pay: Buy Now, [...]

2022-06-02T12:52:59-04:00June 2nd, 2022|Categories: Education|Tags: , , , |

Credit Cards for College Students: Are they Good or Bad?

When preparing to send your child off to college, one thing that may be on your mind is whether or not your child should have their own credit card. Credit cards for college students have their pros and cons. The reason you’re likely asking yourself this question is that you know credit cards can be [...]

Save Money For Your Child’s Future: Where to Start?

When should you start to save money for your child’s future? As soon as they are born. However, the extra expense of having a child may make saving difficult. But, if you put a plan in place, even a small amount each month can add up over the years. Step #1: Open Their Own Account [...]

2022-03-24T14:59:08-04:00April 21st, 2022|Categories: Education, Saving Money|Tags: , , , |

Fixed vs. Chore-Based Allowance: Which Should You Choose?

Every parent knows that feeling. Your child is begging for candy at the checkout line or your teen asks for cash to go out with their friends. Do you give in or make them use their allowance money? While paying an allowance is common, it’s wise to use it as a means to teach responsible [...]

Teaching Teens About Money: The Basics

Teaching teens about money in the early years helps them prepare for any financial situation when they are eventually on their own. Many teens go through financial struggles that could have been avoided if they learned early on how to manage their money. Talk about the following topics with your teens so they can develop [...]

7 Reasons to File Your Taxes Early

Filing your taxes can be a bit of a headache. While many people may have good intentions of filing as soon as they get their W-2s, the reality is people often procrastinate. Then, before you know it, the deadline sneaks up and forces you to reorganize your schedule to make time to file your taxes. [...]

2022-01-21T11:11:54-04:00February 3rd, 2022|Categories: Education|Tags: , , , , |
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