Why Inflation Has Us Hitting the Brakes on Retirement Savings (and How Financial Literacy Can Help)

Let’s face it, inflation is squeezing our wallets. The rising cost of groceries, gas, and everyday essentials can leave us feeling desperate to cut back everywhere we can. Unfortunately, one area many people are sacrificing is their retirement savings. Recent studies show a significant portion of Americans have reduced, or even stopped altogether, their contributions[…]

Financial Stress: How to Cope

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[…]

Mastering the Three Expenses: Fixed, Variable, and Periodic

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[…]

How To Get Your Finances in Order: 10 Tips for Better Organization

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[…]

Parents ready to send kids back to school, but inflation means high prices.

  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[…]

Stay Safe Online During Tax Time

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:[…]

Steps to Take If You’re Worried about Your Finances

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[…]

Beware of these Financial Scams Targeting the Elderly

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[…]