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budgeting

Credit News & Current Events

2017 New Year’s Resolutions That Could Help Your Credit

New Years is the perfect time to start fresh – change those bad habits into good ones and make this year the best one yet. From healthier eating and more exercising to less spending and wiser budgeting, we’ve all made resolutions that we were determined to keep. Unfortunately, many times our determination runs astray and it’s only a few weeks before we end up right back where we started.

One of the main reasons this happens is the “all or nothing” thinking behind our resolutions. We want to lose weight, so we cut out every single tempting food item only to yearn for it even more than we did before. Our body needs more exercise, so we overdo it to such a degree that the muscle pain makes us dread going to the gym. We decide to stop spending our money frivolously, so we don’t make any enjoyable purchases and quickly become resentful.

It’s knowing where to draw the line and how to make resolutions specific enough to provide direction, but also lenient enough to allow us to still enjoy life.

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Personal Finance

Money 911: Establishing an emergency fund

They happen all the time: those unanticipated expenses caused by illness… auto problems… job loss… appliance breakdowns… and the list goes on. Sure, they’re all part of life, but where’s the money supposed to come from to help pay for them? That’s where an emergency fund comes in handy.

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Personal Finance

College savings – Facts and tips for parents

You know the saying, “The early bird catches the worm”. Well, when it comes to saving for college, the same idea holds true, but it’s more like, “The early bird catches financial peace of mind”.

It may seem as though your child’s college years are light years away, but time goes quickly and the last thing you want is to be caught financially unprepared for your child’s education. (Okay, it might not be the last thing you want, but it’s probably close.) So how do we stop that from happening? Read on…

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Personal Finance

When the wedding is over: Merging money after marriage

When you search online for “list of marriage conflicts”, there is always one particular cause of conflict that appears in the Top 5: Money.

There are a number of complex psychological reasons why money causes stress and strife within a marriage. Perhaps one spouse has a fear of not having security; there’s a lack of trust within the relationship; there’s a fear that one spouse doesn’t have respect for the other’s monetary values… and the list goes on.

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Personal Finance

How to cut monthly expenses to make a major impact on your budget – not your life

For those of us trying to save money, cutting expenses can often feel like an overwhelming task. We sometimes think we need to get rid of something “big” in order to get spending down to a manageable number. The problem with that approach is that typically the “bigger” the item we lose, the larger the impact on our life. The trick is to make enough “smaller” cuts so that the changes are imperceptible – well, at least almost imperceptible.

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