Your financial advisor plays a significant role in your current and future finances. Even minor suggestions today can have a tremendous impact down the road. So, you want to ensure your advisor is actively working in your best interest. But how can you tell if your advisor is a good fit for you? Let's explore questions you should ask yourself about their performance.
Gen X, defined as the cohort born between 1965 and 1980, is reaching a pivotal point in their lives. Becoming middle-aged often means balancing a multitude of responsibilities, including raising children, preparing for their college years, planning for retirement, and possibly caring for elderly parents. That’s a lot to juggle financially and emotionally.
Businesses regularly rely on marketing tactics to increase revenues and pad their bottom lines. While these offers might be enticing to consumers, many of these “deals” are just psychological tricks designed to get you to spend more. “Spaving” is a relatively new term coined to describe “buy more, save more” sales tactics.
As we approach the midway point of the year, now is the perfect time to perform a quick check-in with your finances. Regularly reviewing your saving and spending habits, and making necessary adjustments, helps ensure you stay on track to meet your financial goals.
With the resumption of federal student loan payments and the promise of loan forgiveness, scammers have seized the opportunity to exploit the situation. They are inundating the scene with false promises of loan cancellation and a myriad of other deceptive tactics, making it vital to stay vigilant.
Moving into your first apartment is an exciting experience and marks a significant milestone in life. It also comes with a wide range of financial responsibilities – some of which you may face for the first time. Rent is just one of many factors to consider when building your budget for your new place.
As climate and environmental concerns continue to grow in popularity, Gen Z has quickly become the face and champion of this great movement. While everyone is concerned with the upkeep and preservation of the environment, this generation is leading the way in incorporating alternatives to become more eco-friendly.
Graduating college is thrilling and quite an achievement. But as you put your cap and gown away, your mind begins to wonder what is next. You’re instantly thrust into the so-called real world of deciding where you’ll live, pursuing a career, and taking on new responsibilities. One area you want to get right immediately is managing your finances.
Most financial institutions, whether a credit union or bank, will require you to open a savings account before you can utilize their other services, such as checking, investment, or loan products. The low-flare savings account often gets a bad rap and is considered basic or unnecessary.
When it comes to retirement savings, time is your best friend. The more time you can save and allow your investments to compound, the greater your nest egg. One account suitable for all savers comes with an extraordinary perk – guaranteed returns. It’s a feature rarely found in investing, and it’s possible through Share Certificate Accounts.
