Budget

The Key to Debt Management

The goal of every debt management plan ought to be to eventually stop paying interest and start earning it instead. It may sound like an unreachable dream to some, but with some basic debt management techniques and a solid debt management plan, you can achieve it. The reason a lot of people have difficulty getting […]

Budget

Debt Management Basics

The goal of every debt management plan ought to be to eventually stop paying interest and start earning it instead. It may sound like an unreachable dream to some, but with some basic debt management techniques and a solid debt management plan, you can achieve it. The reason a lot of people have difficulty getting […]

Finance Basics

Planning to Purchase a New Home

Ready to achieve your dream of purchasing a new home? Before you decide how to save, you need to decide how much to save. Think about whether you want to pay cash for your home or get a mortgage loan, and if you're going to get a mortgage, decide how much of a down payment […]

Budget

Make a Savings Account Your Emergency Fund

A savings account can be more than just a place to park your money until you need it. It actually can be the foundation of your overall debt management plan. And if you've decided to get out of debt altogether, a savings account can even help you reach your goal. For starters, you can sign […]

Finance Basics

Using Youth to Your (Financial) Advantage

Youth has its advantages when it comes to compounding interest. Here’s how it works. Let's say you deposited $1,000 in a 12-month certificate of deposit (CD), and your balance is $1,010 at maturity. Then, instead of withdrawing the $10 in interest earnings, you renew your CD for another 12 months under the same terms. Now […]

Finance Basics

How Financially Agile Are You?

Personal financial liquidity is a relative concept: some liquid assets are more liquid than others. Certificates of deposit (CDs), for example, may be more difficult to convert to cash because you usually have to pay an early withdrawal penalty if you withdraw money from the account before the maturity date. At the other end of […]

Finance Basics

Smart Exercise and Aging: How Exercise Improves Cognitive Function

Growing up is not the same as growing old; a thought that Peter Pan struggled to grasp, while Wendy Darling proved to be true. The former is a choice and latter is simply inevitable. Unfortunately, since we’re not movie characters, we’re forced to face this truth daily. Growing old means aging, a continuous process that […]

Finance Basics

Updating Financial Advisor Standards

Is your financial professional putting your needs first? In the financial services industry, there’s no shortage of people calling themselves financial advisors. Unfortunately, anyone can call themselves a financial advisor, which can be highly misleading and confusing. According to AARP, there are more than 400,000 people in the U.S. that call themselves financial advisors – […]

Budget

What’s Your Money Script?

What does money mean to you? When it comes to financial decisions, like saving money, we all have different money personalities that affect the way we handle finances. Whether you’re a saver or spender, there are underlying psychological reasons why some people prioritize saving while others don’t. Being a good saver is not a function […]

Finance Basics

Financial Wellness Programs: The Link between Health and Wealth

The link between physical and financial health is more closely related than you might think. Your financial fitness can directly impact your health and vice-versa. According to the Financial Health Institute, three quarters of Americans report finances are the main cause of their stress. Financial stress can include the amount of savings you have, college […]