Blog

There’s Never Been a Worse Time to Buy a Home

02/14/2022

Purchasing a home has traditionally been considered an intelligent financial move. It works as a forced saving account for many people since the principal is paid down with monthly payments. Historically, housing prices rise 2-3% per year, considered a good investment. If you put 20% down as a down payment, that 2-3% becomes 10-15% per year on your initial investment. Taking on debt for a home has traditionally been considered “good debt.”

Building an Excellent Credit Score

02/11/2022

Having an excellent credit score can empower you in many ways. As long as you use your good credit responsibly and don’t take on high-interest debt, having a good credit score is critical to a healthy financial portfolio.

Leveraging an Automatic Savings Account to Reach Your Financial Goals

02/10/2022

An automatic savings account is a type of savings system that allows the account contributor to deposit a set amount of money into a savings account at pre-determined intervals. Most commonly, this would be in conjunction with the contributor’s regular pay schedule. It allows an individual to automatically transfer a fixed amount into a savings account, usually on the same cadence they receive their paycheck.

New and Used Car Prices. Why Are They Up so Much?

02/09/2022

According to a recent article, in November 2021, used car prices jumped up 44% compared to a year earlier. In December 2021, J.D. Power estimated that the average used car price hit $30,000 compared to about $23,000 the previous year. Amazing. The cost of new cars is also soaring, averaging $46,000.

Managing Personal Spending

02/09/2022

Budgeting your money is a great way to control your spending and help you reach your financial goals. If you have never budgeted before, a great way to get started is with the 80/20 rule.

Emergency Reserve

02/08/2022

Having an emergency reserve is essential for when unexpected life changes happen. Unexpected events can and do happen. Having some extra cash set aside will help you if an occasion arises.

Understanding the History of the Gold Standard

02/08/2022

For almost 200 years after the founding of the United States, the value of the U.S. dollar was officially backed by gold. This was called the gold standard. In 1933, in partial response to the Great Depression, Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. In other words, a person could no longer insist on being paid in gold. For a while, at the time, it was illegal for Americans to own gold.

US hits $30 Trillion in National Debt. Should We Care?

02/07/2022

The gross national debt of the United States just surpassed $30 trillion. The big question is, do we need to be worried?  The answer is: yes, we do. Now, let’s break down why.

What Motivates You?

02/07/2022

Talking about money is more than just talking about income, debt, assets, and spending habits. You care about money because money provides you with the things you need and the things you want, both tangible and intangible. The question is, what motivates you?