LATEST ARTICLES

Money Mistakes You Might Make in a Recession

Money Mistakes You Might Make in a Recession

It’s very common to make mistakes when it comes to your finances and managing your money. We read a Wall Street Journal article discussing the biggest money mistakes people tend to make during an economic downturn and we want to bring light to a few of them and talk about ways to avoid them. By…

The Best Credit Cards For Grocery Shopping In 2020

The Best Credit Cards For Grocery Shopping In 2020

As the corona-virus pandemic has put a halt on restaurant dining, Americans have found themselves cooking at home more and in turn, spending more money on grocery shopping. When increasing your spend in a certain category, it’s important to think about how you can maximize these purchases and your budget by building rewards. You may…

Here’s The Importance of Financial Literacy

Here’s The Importance of Financial Literacy

Sherman Wealth has long been advocates of promoting financial literacy and empowering our world to become more educated on how to manage all aspects of their financial lives. We want to highlight an interesting article we saw on www.evidenceinvestor.com, discussing several reasons why “high flying professionals fail at investing”. This piece highlights the lack of…

New Fed Strategy Means Cheaper Loans For A Long time — Here’s How You Can Benefit

New Fed Strategy Means Cheaper Loans For A Long time — Here’s How You Can Benefit

As we’ve all been waiting to hear about the outcome and policy changes from the Jackson Hole symposium, there’ve been some updates that you should know. The Federal Reserve has said that it will let inflation run “hotter than normal” to help the economy bounce back from the coronavirus crisis, according to a CNBC article….

Financial Literacy More Important to Americans Than Health and Wellness

Financial Literacy More Important to Americans Than Health and Wellness

As we’ve mentioned previously, financial literacy is a skill that is lacking in our education system and amongst individuals across the country. A recent survey by Charles Schwab discusses the importance of financial literacy to Americans and how it should take precedence over health and wellness.  According to the survey, the COVID-19 pandemic has underscored…

3 In 5 Parents Say Remote Learning Will Negatively Impact Their Finances

3 In 5 Parents Say Remote Learning Will Negatively Impact Their Finances

It’s hard to believe, but summer is almost over and another new school year is only a few weeks away. However, due to the ongoing coronavirus pandemic, distance and hybrid learning will become the new normal this fall. Those with school age children will need to adjust in order to make this situation as successful…

Millennials Slammed by Second Financial Crisis Fall Even Further Behind

Millennials Slammed by Second Financial Crisis Fall Even Further Behind

If one economic recession wasn’t enough for millennials to grapple with, why not throw another their way?  The economic hit of the coronavirus pandemic is looking pretty bad to millennials. We’ve been reading many articles discussing how unemployment seems to be looking the worst for their generation in contract to others.  The 12.5% unemployment rate…

How Much Does it Take to Be Wealthy?

How Much Does it Take to Be Wealthy?

The coronavirus pandemic has certainly shaken almost every aspect of the lives of Americans.  The stay at home orders, high unemployment rate and volatile market have many people thinking differently about the value of their money than they did before COVID-19 erupted in the country. A survey conducted by Charles Schwab in January of 2020…

Here’s How to Prepare your Finances

Here’s How to Prepare your Finances

With the additional $600 per week unemployment benefits coming to an end this week, it is important to think about the ways in which you can prepare your finances for the months ahead. Many Americans are currently jobless and have been relying on these additional COVID-19 related unemployment benefits. There is much uncertainty as we…

Recently Graduated? How to Establish A Good Credit Score

Recently Graduated? How to Establish A Good Credit Score

Are you a recent college graduate? Are you starting your first job? While it’s extremely important to save money when you are first starting out, it’s also quite important to know how to spend money and understand the concepts behind your credit score and establishing good credit.  As your first paycheck starts rolling in, make…