On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here. Unemployment Provisions The legislation provides for: An additional $600… Read more »
Experiencing a loss in income is an extremely stressful event that will leave you feeling lost and worried about the future. But you don’t have to do it alone — there are tools and resources available to make your situation manageable as you get back on track. If you have loans at SESLOC, see what… Read more »
Identity theft is the illegal use of another’s personal data, such as name, birth date and Social Security number. A casually discarded receipt, a personal document or checkbook kept in a desk drawer, mail theft, and dumpster diving are all very real threats. With enough information, a fraudster may open accounts in your name, obtain credit… Read more »
Download SMART Goals & Saving, a fun activity book filled with coloring pages, puzzles, and more! Financial education is important, and it’s never too early to start. SMART Goals & Saving is an futuristic themed introduction to making goals that work. Check out more fun online tools to teach kids about money.
SESLOC provides several methods to reduce the risk of fraud. Here are some additional steps you can take to keep from becoming a victim: Review credit reports annually — Errors may indicate that someone else is using your identity. Learn how to get started. Receive statements and bills electronically — Mailed documents can put you at… Read more »
ASK A FINANCIAL PLANNER The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end. If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is… Read more »
Download ‘Shell’ebrate Savings, a fun activity book filled with coloring pages, puzzles, and more! Financial education is important, and it’s never too early to start. ‘Shell’ebrate Savings is an under-the-sea themed introduction to money concepts like saving and budgeting. Check out more fun online tools to teach kids about money.
Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness. Check back to see what’s new! For Kids: Fun… Read more »
When should you start teaching your kids about money? Early — because the skills and habits they learn now can have a tremendous impact down the road. According to a Cambridge University study, children develop critical financial skills and habits by the time they turn seven. This includes understanding the principles of counting, earning, and… Read more »
ASK A FINANCIAL PLANNER To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt…. Read more »