The recent collapse of Silicon Valley Bank (SVB) and Signature Bank have caused concern among consumers. The reasons for the collapses are somewhat isolated but raises the question if we should be concerned about a bigger financial problem arising, as happened in the 2008 crisis. Let’s take a look at what happened and what it…
Insurance is protection against risks and uncertainties and pays for your losses in the case of damage. The insured (or policyholder) pays a premium (or specified dollar amount) to the insurer (policy issuer). Many types of insurance carry a deductible, which means the policyholder pays a certain amount and the insurance company covers the rest. …
Bonds are loans or debt issued by companies, local municipalities, and governments to raise capital or money. Bond investing is the buying and selling of these securities. Bonds can add diversification to your investment portfolio and provide steady income, unlike most stocks. 💡 Fun Facts… 1) The first bond was issue in 2400 BC to guarantee…
This year so far, the average tax refund is being reported as 11% lower than last year. According to the IRS, Americans got an average of $3,473 last year compared to $3.079 this year. There are a few factors that are causing refunds to be lower this year. Programs put in place due to the…
Bank failures! High inflation! Increasing interest rates! If you read the news, you’d think we’re in a financial crisis. But don’t panic! First, while there does seem to be a lot of bad economic news, we are not in a financial crisis or a recession. There are some steps you can take now to make…
It may seem like a daunting task, and can be if you don’t plan ahead. Let’s face it, college isn’t cheap and it’s not easy to know far in advance how much you will actually need if you are young and not close to college age, or looking to start saving for your child. 💡Fun…
Almost everyone loves to travel, but it can get expensive! But if you put in a little effort, there are a variety of ways you can save money when planning your next trip. We’ve collected the top tips and tricks to help you make the most of your budget when planning a trip. 💡Fun Facts:…
A will is an important document for family planning. You want to make sure your assets are given out according to your wishes and that your family is taken care of when you pass away. Many people don’t have wills because they find it intimidating or don’t know how to get one done. Today, we’ll…
Saving money seems like an easy venture – just make sure you spend less than you make and put some money away for the future. Despite this, most Americans are saving less than then before due to harsh economic conditions and inflation. As of 2023, 39% of Americans are saving less than the prior year,…
Global climate change is a growing concern and has serious implications on both the global economy and individual’s financial positions. All relevant entities should be prepared to face these financial effects, whether it’s governments, businesses or individual people. There will be severe consequences around the world as the changing climate increasingly leads to financial issues….
