Managing Money will how to save money, budget, understand credit and debt, and banking.
When envisioning wealth, do you see images of private jets, Rolex watches, lavish parties, extra-chilled martinis, and private schools for toddlers in branded clothes? That may be, but this post is about practicing stealth wealth for those who wish to … Read More
Do you have enough liquidity in a difficult economic environment? According to a recent NerdWallet poll, nearly two-thirds of Americans believe we may go into a recession within the next 12 months. That may not be the case, especially with … Read More
Seniors with equity in their homes who intend to stay in their homes and want to supplement their income are turning to reverse mortgages. They are gaining popularity as grocery, gas, and other goods prices rise due to inflation. According … Read More
The Fed (formally known as the Federal Reserve System) is the central bank of the US, and it largely controls monetary policy. The Fed regulates commercial banks and is responsible for conducting monetary policy to achieve its dual goals of … Read More
When you save money, you want to put it in a safe place, have easy access, and earn interest. You don’t want to stash your cash in pillowcases, under your bed, or in a shoebox. Managing your savings in interest-bearing … Read More
Do you make resolutions at the end of the year? Most of us make them, but don’t follow through to fruition. However, financial resolutions are different because they’re a way to plan for the new year and adjust to changes … Read More
In the absence of reliable economic data due to the longest government shutdown in American history, hearing words like inflation, bear market, and recession bandied about in the financial news is nerve-wracking. It would be natural for you to worry … Read More
Nowadays, calling someone frugal is more of a virtue, like giving a badge of honor to that person. Being frugal or cheap is sometimes used interchangeably, but the terms have subtle differences. According to Merriam-Webster, frugal is characterized by or … Read More
Emergencies happen. They can put a severe dent in our budget and our lives. It may mean reaching for your credit card to pay an unexpected bill when you don’t have access to liquid money. You may not have gotten … Read More
As inflation normalizes, consumers may see lower borrowing rates for buying homes and cars and using credit cards. It doesn’t happen overnight, but it will provide solid relief for those who put their plans on hold. The Federal Reserve (Fed) … Read More
Your financial lives depend on your creditworthiness. You’ll have challenges applying for a loan or credit card if you have a low credit score. Lenders review our credit report and FICO credit scores when we go for a loan to … Read More