With inflation stubbornly hovering at a rate of 8 percent throughout most of 2022, its general effect on the economy has been less than desirable - rising interest rates, drops in the stock market, and higher prices all around for consumers.  But could there be some sliver of good to come from inflation? At least... Continue Reading →

When was the last time you checked the value of your house? With the recent surge in demand since the start of the COVID pandemic, you may be pleasantly surprised to find that overall house prices are up 17 percent since last year. This means for the average homeowner likely has tens of thousands of... Continue Reading →

On August 24, 2022, history was made as President Biden made one of the biggest announcements of his presidency to date: He plans to cancel up to $10,000 of federal student loan debt for each eligible borrower. This has been a topic for Biden ever since before he took office. While on the campaign trail,... Continue Reading →

Parents who are planning to help put their children through college have a big task on their hands. Not only does the average price of a full year of college in-state and with room and board currently cost approximately $25,487 per year, but they'll also have to balance other competing financial priorities like saving for... Continue Reading →

Are you thinking about buying a new or used car? If you plan to get a loan to finance your purchase (especially if it’s through the dealership itself), then be careful. Many of them will try to steer you into the longest loan they can … the 84-month loan. For years, a 60-month auto loan... Continue Reading →

There's been a lot of talk in the news about the Federal Reserve and its decision to raise interest rates throughout the rest of 2022. While that may sound like something that only affects businesses or people who need a mortgage, it can also impact you personally if you've got any outstanding credit card debt.... Continue Reading →

Do you often struggle with debt or find yourself sinking deeper into it with each passing year? At least 77 percent of American households have at least some type of debt, and the average amount per adult is $58,604. Debt is something that can certainly keep you from reaching financial freedom. As long as you're... Continue Reading →

Paying off your debts using an acceleration method like the debt snowball or avalanche method can do wonders for your cash flow. But squeezing your budget to come up with the extra funding you’ll need can sometimes be challenging. In this post, I’d like to introduce you to an income source that you may not... Continue Reading →

Did you know that not all debt is the same? Just like there are "good fats" and "bad fats", there are also good and bad forms of debt. And knowing the difference between the two can make a big impact on which ones you try to avoid or pay off first. Generally speaking, good debt... Continue Reading →

Do you have several debts that you’d like to pay off, but don’t know where to start? Are you looking for an effective yet simple way to work through them one by one until they’re all gone? If so, then what you need is a payoff strategy like the debt snowball method.  Chances are you’ve... Continue Reading →