On December 31, 2022, the administrative forbearance for federal student loans is set to end – meaning loan payments will resume in 2023. For many borrowers, this is causing panic and stress. Before your student loan payments resume, review the following tips to ensure you’re financially ready.
While leasing isn’t the right move for everyone, those drivers with leases ending soon are finding themselves in a unique position. The limited supply of preowned vehicles in the market is driving up the values of their leased cars – leaving many to contemplate whether they should buyout their lease.
A few years ago, working remotely wasn’t something many people even considered as an option. Fast forward to today and many workers are quickly finding it quite common. As businesses continue to realize remote works helps boost their bottom lines, working from home may soon be the norm.
As you turn on the TV or glance through the latest news stories, you can’t help but hear about the “Great Resignation.” With more and more people leaving their current jobs, businesses are struggling to find workers. Due to staffing shortages, some companies are even adjusting their hours or closing one or two days a week.
Recently, you may have noticed increased chatter about refinancing your mortgage or buying a new home. But what is all the hype about, and why now? As the COVID-19 pandemic continues and variants unfold, both current homeowners and prospective buyers are benefiting from some of the lowest mortgage rates in our country’s history.
COVID-19 is a term everyone is familiar with by now. It has left fear and panic in its wake, and millions unemployed in the U.S. alone. That doesn’t even include those who still have jobs but have taken significant cuts in pay or major reductions in business.
The world is a different place than it was just a few short months ago. Many people are working from home and are unsure about what the future holds, both financially and professionally. Unfortunately, as many people face financial uncertainty, there are plenty of others who are willing to prey on these uncertainties, leading to rising identity theft scams.
With all the uncertainty surrounding COVID-19 and the world’s financial markets, the Federal Reserve cut interest rates in the U.S. to nearly zero percent, making now an incredible opportunity for people considering refinancing loans of almost every kind.
COVID-19 certainly threw many retirement plans for a loop. It’s not just the pandemic, but the financial uncertainty left in its wake that has many people rethinking their retirement goals.
Times are unsettling for millions of Americans facing reduced hours, changing work functions, and uncertain financial days ahead. With COVID-19 spreading, it’s more important than ever for you to take the reins over your finances and manage them carefully to make your money work for you despite the uncertainty all around.
