So you’ve spent the time creating your budget (or plan to create your budget soon, learn how to here), but now you need to actually stick to it so you can take control of your finances! First, let me congratulate you on creating your budget – that took a lot of time and thoughtfulness. But now comes the real work – sticking to the budget. After all, you won’t reach your financial goals if you can’t stick to them. It takes work and determination. You CAN do it, and these tips will help you stay on track.Continue reading “Tips to Help You Actually Stick to Your Budget”
There are few calls that elicit as much dread and frustration as a debt collector. Yes, even more than those extended car warranty calls! While it’s probably not a number saved in your phone, you know who the number belongs to. Each time it calls you get that sickly feeling – fear, shame, anxiety, anger, and annoyance. We’ve all been there at some point, for one reason or another, and besides calling constantly, you may or may not be aware that there are some rules that debt collectors do have to follow.Continue reading “Debt Collectors – What They Can and Can’t Do”
Having an emergency fund during uncertain times can provide you with some peace of mind and sense of security. Whether it’s fully funded or you are just starting to build it, you may be wondering what events would qualify as emergencies and allow you to dip into those funds. Do you need to rethink priorities? Should you move things around in the budget to make space for this new expense? Or is this a legit emergency? Of course, there is no shame in using your emergency funds, but you should ask yourself these 3 questions first.Continue reading “When Should You Dip into Your Emergency Fund?”
All checking accounts are not the same, especially when it comes to choosing the right account for your young adult. Banks like Litchfield Bancorp – A Division of Northwest Community Bank have a student checking account specially designed to meet your child’s needs.
So what sets a student checking account apart from a traditional checking account?Continue reading “What is a Student Checking Account and Why Does Your Child Need One?”
Before I dive into the meat of the blog, I have to ask – does anyone actually enjoy grocery shopping? For most people, it’s one of those chores that never goes away – like washing dishes. No matter how many times you do it, you always have to do it again.Continue reading “Online Grocery Shopping – Budget Friend or Foe?”
The world of health insurance can be VERY confusing, especially if you are given the option of choosing between different plans. If you have the option of choosing between an HSA and FSA – both are tax-advantaged accounts – it’s important to understand the difference between the two.
What are HSAs and FSAs? Both are tools that can help you save for health care costs and also take advantage of tax benefits.Continue reading “HSA vs. FSA: What’s the Difference?”
If your teenagers are like many, they probably think they already know the ins and outs of just about everything including money and credit. They are yearning for their first debit and/or credit card, thinking about buying their first car and also looking at college and the dollars associated with a 4-year degree.Continue reading “Teaching Your Teens about Credit”
Let’s be honest – there is A LOT of advice out there when it comes to creating and sticking to a budget. Perhaps you’ve followed some, tried budgeting, and it just didn’t work out. Budgeting is hard!
Budgeting is essential if you want to pay down debt, save money, and have an idea of where all your income is going each month. It’s a tool you need to achieve your money goals, and while getting in the budgeting habit can be hard, it can be a lot harder if you fall for these budgeting myths.Continue reading “Budgeting MYTHS you should avoid!”
When it comes to financial or money advice, it seems like everyone has an opinion – some of it can be great and definitely worth looking into, and some of it, well, it’s just really, really bad and should be avoided.
If your resolution for 2021 is to save more money or get your finances in order, here are a few pieces of BAD advice you should steer clear of.Continue reading “Financial Advice to Avoid in the New Year”
No one wants their college application to end up in the rejection pile, and while having perfect grades and a robust resume of volunteering and extracurricular activities will help you get accepted, it won’t guarantee you a spot on next year’s roster. One way to increase your odds of acceptance is by submitting a pristine application that shows a clear understanding of your identity and goals.Continue reading “Common College Application Mistakes that Can Put You in the Rejection Pile”