Back to school

Tips for Tackling Back-to-School Shopping

Back to school shopping season is already here, and experts are predicting spending to increase this year. Preparing for the new academic year doesn’t have to break the bank. Plus, involving your child in planning and budgeting is a great way to teach them about money through example. Here are 5 tips for tackling back-to-school… Read more »

Financial Checkup

Mid-Year Is a Good Time for a Financial Checkup

ASK A FINANCIAL PLANNER The first half of 2021 is behind us. As life emerges from the pandemic to a “new normal,” a mid-year financial checkup may be more important than ever this year. Here are some ways to make sure that your financial situation is continuing on the right path. Reassess Your Financial Goals… Read more »

Social Media Scams

Social Media: Five Scams that Work

Platforms like Facebook, Twitter, Instagram, and LinkedIn and many others can help us connect on a personal and professional level with friends, family, business associates, and causes that allow us to make new connections with others with shared interests. And participation is free to everyone, which has led to an unprecedented use of social media…. Read more »

Cash or card

Cash or Card?

Which do you prefer to use at checkout, cash or card? Cash certainly has its benefits, especially if you’re someone who finds it easier to use to manage spending and curb impulse purchases. Some businesses only accept cash (although a growing number only take plastic), or may impose a surcharge or minimum purchase requirement to… Read more »

Should I be concerned about inflation?

Should You Be Concerned About Inflation?

ASK A FINANCIAL PLANNER If you pay attention to financial news, you are probably seeing a lot of discussion about inflation, which has reared its head in the U.S. economy after being mostly dormant for the last decade. In May 2021, the Consumer Price Index for All Urban Consumers (CPI-U), often called headline inflation, rose at an… Read more »

Buying a home in a seller's market

5 Tips for Buying a Home in a Seller’s Market

It’s a seller’s market out there — between historically low interest rates and low inventory, prospective home buyers are facing stiff competition. In our local market, homes are getting dozens of offers within just a few days of listing. Our partners at GreenPath Financial Wellness recently presented a webinar with insight into buying a home in… Read more »

Student Loans

Federal Student Loan Interest Rates Set to Increase for 2021-2022

ASK A FINANCIAL PLANNER After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.1 The interest rates on federal student loans are reset each year after the May auction of the 10-year Treasury note. The rates apply to new federal student… Read more »

Retirement

How Are Workers Preparing for Retirement?

ASK A FINANCIAL PLANNER In general, workers seem to begin preparing for retirement almost as soon as they get their first job. However, according to the 2021 Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), retirement preparations do vary a bit by age group. Retirement Preparation Nearly three-quarters (72%) of workers say that… Read more »

Scams

Scams: What’s Old is New Again

It happened in the midst of the lockdown. Dan and his family were unable to visit their aging mother due to COVID-19 concerns. While being isolated from her family and friends, Dan’s mother received a phone call. An unknown person convinced her to go to the nearest Dollar General store and purchase $2,000 in gift… Read more »

Debt

Get Smart About Debt: 7 Tips to Help You Get Out of Debt NOW

If you are dealing with debt, you aren’t alone. The average American household has an average balance of about $6,600 in credit card debt, and that’s not taking into account home, auto, and student loans. Paying off your debt isn’t always easy, but having a plan can go a long way in achieving your financial goals. Check… Read more »