It’s pretty safe to say that everyone has felt the effects of inflation at this point. While some inflation is good for the economy, such a dramatic rise in a short period continues to send prices soaring. To stop the climb, the Federal Reserve continues to raise the federal funds rate – a move that further hits consumers’ wallets.
Today, managing both your career and family can be challenging. But it’s becoming even more difficult for a growing segment of the population. Commonly known as the “sandwich generation,” these individuals are raising their own children while also caring for aging parents.
Unexpected medical expenses are inevitable and always seem to show up at the most inopportune time. Being that these costs are often relatively high, you may wonder how you will ever pay for them.
Welcoming a new baby is a joyous and exciting time for parents. Whether this is your first child or your third, you know this new addition will come with extra expenses. For most, navigating these costs while also continuing to save money can be tricky.
Loans are commonplace in our society, and most people will carry a variety of debts during their lifetime. Whether an auto loan or a credit card, debt has the same weight – a monthly bill you must pay back. While it’s not always the easiest thing to do, your goal should be to repay your balance as quickly as possible. Doing so can positively affect both your financial and mental well-being.