Personal Finance Archives

5 Times You Should Review Your Financial Plan

Post category:Personal Finance
Post last modified:April 6, 2023

Life changes. You change jobs, move, get married/divorced, have kids, etc. As a result, your financial plan should change with you. To ensure it does, review it in at least these five situations. At Least Yearly, Ongoing At a minimum, you should review your financial plan yearly. Even if you ignore it during these other suggested times, reviewing it annually means you’ll catch any significant changes that need to be included. This helps ensure the data you’re working with…

Consumer Protection for Armed Forces

Post category:Personal Finance
Post last modified:December 13, 2023

The demands and sacrifices of the armed forces place unique financial challenges on military members, veterans, and their families. As a result, July has been designated Military Consumer Protection Month. Military Consumer Protection refers to the set of laws, regulations, and initiatives that aim to protect military service members and their families from unfair, deceptive, or abusive practices by businesses and financial institutions. Resources for consumers to help ensure you're safe from scams and fraud. Predatory lenders, fraudulent investment…

10 Small Changes to Start Saving Money Today

Post category:Personal Finance
Post last modified:January 2, 2024

Feel like you're burning through cash like wildfire? You're not alone. According to a survey by Ladder, the average American spends almost $1500 per month on non-essential items. That's $18,000 per year! The good news is it makes it easy to cut back if you need to get out of debt or focus on saving, all of which are key elements of financial literacy. So check out the ten small changes to start saving money. Disclosure: This post may…

Dos and Don’ts of Teaching Children Financial Literacy

Post category:Personal Finance
Post last modified:January 10, 2024

Teaching Children Financial Literacy In a world where financial acumen is increasingly essential, guiding our children through the maze of money management is more important than ever. We'll delve into the essential dos and don'ts of teaching children financial literacy, a vital skill that empowers them to make wise financial decisions as they grow. Do's of Financial Literacy for Children Lead by Example in Financial Literacy Children are astute observers, often emulating the financial behaviors they see in adults.…

How to Build Financial Literacy

Post category:Personal Finance
Post last modified:April 2, 2024

Did you know that a recent survey found only 57% of adults in the U.S. are financially literate? Someone with good financial literacy understands where their money is going and how to make it work for them. It's the ability to make smart financial decisions- pay bills, borrow and save responsibly, and invest for the future. These money management skills can be learned at any age. It's never too late - or too early - to start! Disclosure: This…