In the exciting world of personal finance, understanding and managing your cash flow is akin to mastering the control panel of a high-performance sports car. A firm grasp on this element helps you steer your financial journey in the right direction, enabling you to live comfortably today while preparing for a secure future. In this blog, we'll dive into why positive cash flow plays a crucial role in your financial health.
Read more
Summer is in full swing and so is peak travel season. And while July is a prime time to get outdoors and cash in on any plans you may have, whether at home or beyond, the reality is that financial concerns (and recent credit interest rate spikes) remain a pain point for many of us.
Read more
Investors need to remember that markets can be turbulent. Between February 12, 2020, and March 23, 2020, the Dow Jones Industrial Average* lost 37% of its value due to the onset of the COVID-19 pandemic. Fortunately, recovery was swift, and by November 2020, U.S. markets had returned to their pre-pandemic highs.1 Preparing for declines is essential. There can be a strong temptation to pull out of the markets when they tumble. Instead of retreating, you may need to adjust your investment approach. By remaining flexible, you could be able to take advantage of opportunities while managing risks.
Read more
In the fertile financial fields of California, there lived a pragmatic farmer named Fred. With his sensible hat and sturdy boots, he was an emblem of resilience in this tumultuous terrain, where bulls and bears danced their unpredictable dance, and Wall Street wolves roamed. Yet, Fred was armed with a unique arsenal - his magic seeds, each representing a distinct investment strategy.
Read more
Remember when a college education was reasonably priced? In the past 20 years, the cost of college tuition for public universities has risen 165%. College students and their families have been taking on more and more debt, and they are taking longer to pay it off. Recent data bears this out. In 2021, 34% of adults aged 18 to 29 years have student loan debt, making them more than twice as likely as adults in any other age group to have student debt.1,2
Read more
Bad things happen to the best of us, and sometimes it seems like they come in waves. That's when an emergency cash fund can come in handy.
Read more
In celebration of Financial Literacy Month, we'd like to offer up five suggestions on how to make money a fun, applicable, hands-on topic for the youngest members of your household. While many of us view children and finance through the lens of what we’re spending, we don’t often consider the power of our own example.
Read more
We’d like to introduce you to compound interest. It’s a simple principle that works consistently in practice. When you invest, your investment starts to earn money. Then the gains it accumulates also start to earn money and your initial investment can snowball very quickly.
Read more
If you're looking to hit the right financial notes, a bump rate certificate can be a great addition to your savings plan.
Read more
Albert Einstein famously said that compound interest is the 8th wonder of the world, but its power is difficult to grasp. So, to give a simple visual demonstration, I'll double the amount of "c"s each time one is used in just three short sentences below. Imagine that each "c" is one cent deposited in a compounding savings account:
Read more
