Who doesn’t want to get paid more? With inflation at a 40-year high and the economy slowly slipping into a recession, most people would love it right now if their employers gave them the chance to earn more than they are right now. The problem is that businesses aren't in the habit of handing money... Continue Reading →
5 Smart Ways to Use Your Home Equity
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 →
What Is Dollar-Cost Averaging?
"Buy low and sell high" is the classic mantra when it comes to investing. But how exactly does a person know when the market is at an actual low point? It's easy to look at a graph of historical stock prices and think about all of the money you could have made “if only you... Continue Reading →
7 Ways to Spend Less at Restaurants
Dining out at restaurants has been a luxury enjoyed by many for decades. What’s not to like? Good food, a lively atmosphere, and someone else to prepare the meals for you ... sounds good, right? The problem, of course, is that eating out can be expensive. The average U.S. household spends $2,375 annually on restaurants.... Continue Reading →
How Much Money Should Be in Your Checking Account?
Where do you put all the money that you earn from your paycheck? If you're like most people, then the answer is that it most likely goes straight into your checking account. This is pretty typical considering that those funds are turned right back around to pay for your regular monthly expenses such as the... Continue Reading →
7 Powerful Ways to Mentally Survive a Recession
If you're worried about the U.S. slipping into another economic recession, then you have every reason to be. At this year's annual Jackson Hole meeting in Wyoming, U.S. Federal Reserve Chairman Jerome Powell gave a short, direct, and ominous speech where he mentions that there will be "some pain". The speech then ends with the... Continue Reading →
The White House Forgives $10,000 in Student Loan Debt
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 →
Are I Bonds a Good Investment Right Now?
How would like an easy way to make over 9 percent interest on your money with virtually no risk? You might think that an investment like this is an opportunity only available to hedge fund managers and other financially savvy individuals. But in reality, all you have to do is buy something your grandparents probably... Continue Reading →
What is the Cash Envelope System for Budgeting?
If you’ve ever tried budgeting, then you already know how difficult it can be to stay within the limits you’ve set for yourself. The reality is that it’s just way too easy to ignore those boundaries and overspend – especially if you have a habit of using credit cards for the majority of your purchases.... Continue Reading →
How to Save Money … Even with High Inflation
Like it or not, everything costs more than it used to. As of July 2022, the U.S. Bureau of Labor and Statistics reported that inflation had risen 9.1 percent (as measured by the 12-month change in the Consumer Price Index or CPI). Even though the Federal Reserve is taking steps to curb inflation by raising... Continue Reading →