If you’re worried about money, you’re not alone. Money is a common source of stress for American adults. In fact, according to the American Psychological Association (APA), 72% of adults report feeling stressed about money, whether it’s worrying about paying rent or feeling bogged down by debt. This is pretty significant given financial stress is linked to so many[…]
A normal budget breaks down expenses into three categories: Fixed, Variable, and Periodic. What are Fixed Expenses? Fixed expenses are the easiest ones to grasp and usually the easiest to plan for. They happen regularly and are the same cost every time. Your mortgage payment is a fixed expense. Your car payment, insurance payment, and any other[…]
A reader asks: We’ve been working on paying off our credit cards and have about $1,300 dollars left. We are currently looking at a possible $2,000 car repair or buying a new car depending on potential engine damage. I’m wondering if we should increase our credit card debt or deplete our saved resources to pay this bill.[…]
Knowing how to get your finances in order can seem daunting at first. By making a plan, you can more effectively organize and take control of your money situation. Cash flow, investments, savings — these are just some of the many valuable things to keep track of in your financial portfolio. Keeping them all organized[…]
After two stressful, pandemic school years, parents looked forward to a normal year. But instead, they’re dealing with a different stress: inflation. Already squeezed by high food and fuel prices, parents now struggle with higher back-to-school costs. Far fewer parents this year said they can afford their kids’ back-to-school shopping without any issues, likely a[…]
A lack of organization can harm your finances as much as being short on cash. Losing bills will lead to late fees, and not keeping track of your checking account balance can lead to overdraft fees. The following steps will help you stay on top of your financial life and save you money in the long run. Review Your[…]
Think Before Supplying Sensitive Information Unsolicited emails, calls, or texts that prompt you to click on a link or share valuable personal and financial information are very likely scams. With your personal data, online thieves can swindle funds and/or commit identity theft. Learn how to recognize a scam with the following tips: IRS Communications:[…]
If you’re concerned about your finances, know that you’re not alone. In fact, some research suggests that financial stress is at an all-time high in the US. Luckily, there are some tried-and-tested ways to begin to feel in control of your money again. Be honest with yourself.The gap between where you are and where[…]
The following is presented for informational purposes only. A sobering truth is that older adults are oftentimes the target of costly scams. It makes perfect sense: they tend to have a more robust nest egg. What’s more, they might not know how to go about reporting such a crime, or might be embarrassed to[…]
Privacy and security are a concern no matter what you’re doing on your phone. However, they become even more of a concern when you’re using a money app. By giving these apps access to highly sensitive financial info, such as bank passwords, personal data, and banking transactions, you become vulnerable to higher security risks. […]