High inflation rates have hit almost everything this summer—and it does not look like they will come down anytime soon. Most people’s income has not kept pace with it, and it has become necessary for many people to try and make their dollar go further. CNBC reports that 63 percent of Americans are living paycheck…
The Fine Print: Deal With It!
Just recently, U.S. consumer debt (that’s everything except mortgages) hit $16 trillion. Of course, that fact is often buried in the fine print, where most of us don’t pay attention. Or, if we do, we have no idea what that means. So what is a trillion? It’s a million million, a thousand billion or 1,000,000,000,000….
10 Things to Do If You Are Laid Off
Whether or not you expect it, a layoff is traumatizing. Through no fault of your own, one minute you’re employed—and the next minute you’re signing up for unemployment. Besides the emotional devastation, there’s the financial hit you’re about to take. How do you deal with a layoff? Here are 10 things you can do to…
The 80% Solution
Provided that your basic life needs for shelter, food and clothing are being met, more money is not going to make you happier. I know, that’s hard to believe, but it’s a proven fact. What will make you happier is learning how to manage well the money you have already. Today, I want to give…
Good Reasons to Resist BNPL
By Emma Patch From Kiplinger’s Personal Finance Propelled by inflation and the pandemic-driven convenience of online shopping, Buy Now Pay Later (BNPL) services have become as commonplace as hand sanitizer in a shop entryway. Since 2018, the number of BNPL users in the United States has grown by more than 300 percent per year, according…
Here’s What to Do When Someone Says You Charge Too Much
Two simple sentences can cause business owners a lot of anxiety: “Your rates are higher than this other person I know.” “You charge too much.” At the beginning of my career, I would always get cold sweats before naming a price. I was always scared of what the prospect would say. Interestingly enough, I agonized…
What Does the Increased Social Security Benefit Really Mean?
November 13, 2022
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In 2023, the cost-of-living adjustment (COLA) for Social Security is increasing. As a result, more than 65 million Social Security beneficiaries will receive an 8.7 percent increase in their benefits. That equals roughly $146 for the average Social Security recipient. But that’s not all that’s going up. Someone has to pay for this increase. How…
Will You Get a State Stimulus Check This Year?
By Rocky Mengle From Kiplinger’s Personal Finance Question: I heard that some states are handing out stimulus checks. Is this true? Answer: You heard correctly. The final federal stimulus checks were mailed in 2021. For the economic woes facing Americans in 2022—most notably, high inflation—there’s been no such relief from Uncle Sam. But some states…
3 Ways the Pandemic Influenced Retirement for the Better
November 11, 2022
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Because of the COVID-19 pandemic, Americans say they reevaluated their financial management practices, which included their retirement plans. In a Schwab study, 1,000 Americans between the ages of 25 and 70 were asked how they expected their spending, saving, and financial situations to change as a result of the COVID-19 pandemic. Approximately half of those…
11 Top Financial Mistakes That Cost You
You probably already know the three big mistakes most people make: not having a budget, carrying large credit card debt, and not saving for retirement. But there are some other everyday mistakes that you might not realize. Knowing these financial pitfalls can lead to a more stable life and help you plan for retirement. Here…
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