Inflation is proving to be a stubborn, unwanted houseguest. No one particularly likes paying more for food, fuel and other living costs. But so far, the Federal Reserve’s attempts since March to evict inflation with higher interest rates haven’t worked. Because we may be stuck with this unpleasant roommate for a while, we should consider…
Eight Tax-Planning Tips for the End of the Year
Tax time will soon be here. The good news is that there still is time to reduce your taxes this year. Making changes now can help you get more tax deductions on your upcoming 1040 taxes. Getting the biggest IRS refund means you need to have a lot of receipts for any tax deductions you…
Half of Americans Didn’t Save During Pandemic, Leaving No ‘Savings Cushion’ Amid Recession Fears
Roughly half of Americans did not build up savings during the COVID-19 pandemic, according to a new survey by YouGov, as fears mount that a recession could be looming on the horizon. YouGov’s survey covered 20,000 adults across 18 major economies including Sweden, Spain, Australia, China, and India, and challenges the idea that households within the…
Get on Top of Planned Expenses With Sinking Funds
In a given year, you likely have expenses that you know are coming—holiday gifts, the family vacation you take every summer, annual homeowners association fees or maybe membership renewals. But just because these costs are predictable doesn’t mean you’re always prepared. If you are pulling from your emergency fund or using a credit card to…
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