Building strong money habits and reaching your financial goals requires more than just an annual planning and budgeting session. Life generally doesn’t go completely as we planned which is why a mid-year financial review is key for financial success.
The Federal Reserve just recently announced another increase in the federal funds target rate which for consumers means an increase in the prime rate. Additionally, the Fed has indicated there could be three to four more increases this year. There are consequences for everyone when prime rate increases.
A lifetime of good financial decisions can all be undone with a few poor financial decisions that have long term impacts. Sometimes the biggest key to financial success is driven by the actions you avoid rather than the actions you take.
For the last few months, many of you have been getting ready for the summer by working out and changing your diet so you will be ready to be active. This same philosophy needs to apply to your financial situation to be ready for the summer.
Whether you are 25 or 65 being a smart saver and investor is very important. No one can afford to make wrong choices or miss opportunities that could maximize their earnings. Even when working with a professional, remembering a few important tips can be beneficial.
Now is the time that many homeowners are starting to develop home renovation and improvements. What is the best way to pay for home improvements? That is the question we all need to ask ourselves before starting any size of home improvement.
It’s almost summer and for people of all ages that usually means vacation and an opportunity to create a financial problem. Overspending on vacation is often one of the top five money blunders people of all ages can make.
With the first quarter of the year almost in the books, it might be time to look at those resolutions that you formulated at the start of the year. Many of our New Year’s resolutions may have gone by the wayside. If some of those forgotten resolutions are financially related there is still time to get them back on track.