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Avoid Increasing Your Debt this Holiday Season: Use a Sinking Fund!
Expanding on last week’s idea around increasing savings during a time of high interest rates as a way to decrease credit card debt (again, high interest rates!) segues perfectly into using Sinking Funds as a way to prepare for holiday spending! The Holidays are the one time of year we can guarantee to see an increase in spending. The…
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ICYMI: Fed Leaves Interest Rates Unchanged: What Should I Do Now in Regards to My Debt?
ICYMI, the “Fed” (aka Federal Reserve who sets the prime interest rates and basically regulates all things finance in the US) announced last week that the rising interest rates we’ve all been experiencing lately will take a pause. What Does this Mean for Me and My Debt? It may be a good time to prioritize…
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Money & Romance: Married Couples
Married Couples.. To Combine Finances or Not to Combine Finances? What’s the best way for YOU BOTH to manage money in your relationship? You’ve got options! Once you’ve had an oh-so-important initial money history convo, shared common goals, disclosed debts, etc. it’s time to move on to the technical aspects of how you will manage the…
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Money & Romance: Engaged Couples
This one goes out to all those couples who are engaged! Congratulations! Now, to pre-nup..or not to pre-nup? And..what if I told you, if you live in a handful of states with “Community Property” laws (AZ, CA, ID, LA, NV, NM, TX, WA, WI), a pre-nuptial agreement is your only way to decide what YOU want to happen with…
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Money & Romance: Unmarried Couples
Continuing down the love & money path..odds are, you or someone you know is living together in a partnership unmarried. This is a growing group of people! At the end of 2022, for example, 17M people were living together but not married. That’s three times as many as twenty years prior! 15% of people aged…
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Financial Literacy Month: Investing ABC’s!
April is Financial Literacy Month! We touched recently on the definitions of Stocks, Bonds, ETF’s and Mutual Funds. Let’s expand our knowledge with some more investing terminology! A: Asset Allocation: The different investment types you have chosen to make up your portfolio (see “P” for Portfolio below). B: Bull/Bear Markets: Any market in which prices…
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Money Mindset: Wrapping our Heads Around Risk!
One of the most common foundational values is GROWTH. We, as human beings, strive to always be advancing, succeeding, doing-better-than-before, etc. Growth is obviously one of the most common money-goals as well. Growing our money while doing as little as possible on our end, is the best way to build wealth. Read below for a…
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Bank Failure Follow-up: How Secure are You Feeling?
In the wake of bank failures recently, how secure are you feeling with regards to your money? Read below for a touch on your options when it comes to insurance at your institution, as well as a refresher on low-risk options to stash away your cash, for use when things get tight. Find out how…
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It’s Tax Time! What’s New Filing Tax Year 2022!
If you have taxes on the brain right now, you’re not alone! The IRS officially opened their doors to process Tax Year 2022 returns on January 23. This year, we have until April 18th to get our taxes done. Although I am a certified Volunteer Income Tax Assistance (VITA) tax preparer, I am not a Tax…
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Getting Your S.H.I.T Together in 2023! (Savings, Housing, Income & Taxes)
Welcome to getting your S.H.I.T together in 2023! No, the other (financially specific) S.H.I.T: Savings, Housing, Income & Taxes. Let’s do this! Savings: Do an audit: identify what’s coming in and what’s going out monthly, also known as creating a Spending Plan (or a Budget but that sounds so restrictive! The purpose here is YOU are telling…
Unlocking Abundance 