As the Federal Reserve has shifted its stance from raising interest rates to cutting them, many investors and savers are wondering where to put their cash to get the most out of it. As we just witnessed the first 50-basis point interest rate cut and the Fed is anticipating more rate cuts between now and…
Do you know the difference between good and bad debt? Are you able to maintain and afford the debt you take on? Many individuals are not. In fact, we’ve been reading tons of articles and studies that are finding that Americans, in particular millennials, are piling on debt during this time. Given the inflationary and…
After a long three-year pause, student loan payments are officially back. That’s right, interest has resumed on your student loans as of September 1st, and they are set to resume payment in October. The US Department Of Education’s recent announcement on its website indicates that individuals with student loans will need to start making payments…
Has inflation had a noticeable impact on your life over the last few months? Are you feeling the weight of increased gas and food prices and pretty much everything else you purchase on a day to day basis? So are we! Inflation has been rising so fast over the last few months that the Federal…
One common theme we see with many clients, friends and prospects is the lack of knowledge surrounding interest rates. Many Americans have debt, whether that be credit cards, student loans, mortgages or other financial obligations. However, while taking on debt can be beneficial to your credit score and financial health, it can be detrimental for…
When you sign up for a credit card, you are often assigned a credit limit when that account is opened. These limits typically start at $200 and go up to tens of thousands of dollars. With so many people out of jobs and finding it hard to make ends meet these days, credit cards have…
Debt can be tricky. While on one hand it can help you achieve your goals and build your wealth, it can also be a downfall if you do not know how to use it properly. Sometimes, it seems like taking on debt is a good idea for raising net worth and building credit. However, building…
Are you stressed about your federal student loan bill? Well, you’re in luck. The government has allowed another federal student loan extension through Sept. 30 The original pause for federal student loan payments had originally been set to end Jan. 31 for more than 42 million borrowers. This extension means that interest rates for student…
Almost a year into the pandemic, and we’re seeing American’s in pretty good shape financially. This may seem like a surprising statement given the current climate and widespread of lockdowns earlier in the year, but it’s true statistically. We know this doesn’t apply to all families in the same way, but it shows how strong…
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….