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 →
10 Mindful Ways to Become a Successful Investor
Are you intimidated by the stock market or buying securities? Don't be ashamed if you feel this way. According to a survey quoted by CNBC, nearly 43 percent of adults are scared of investing, mainly because of the uncertainty about whether or not they’re making the right choices. While this is perfectly understandable, it's also... Continue Reading →
What’s Causing the Price of Everything to Rise?
If you've been noticing your trips to the grocery store cost suddenly cost a lot more, or that the price of gas is much higher than it was 1-2 years ago, you're not alone. As of June 2022, inflation has skyrocketed to 9.1 percent, the highest it’s been since 1981. That's well over the 7... Continue Reading →
Is Better to Earn More or Budget?
Have you ever thought to yourself whether it would be better for your money to earn more or to be more serious about budgeting? Though I’m sure most people would think that their budget would take care of itself if they simply had a higher salary, I think some good arguments could be made either... Continue Reading →
11 Ways Parents Can Plan to Pay for College
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 →