COVID-19 Emergency Relief for federal student loans allowed millions of Americans to temporarily stop making student loan payments. With payments set to resume in October, here are some tips to make the transition as smooth as possible.
Family Matters
Should You Say I Do to Merging Your Finances?
When you marry, there are decisions to make about your new life together, including how best to manage your money. Continue reading
5 Money Moves for New Parents
Welcoming a new baby into your home can put other priorities on the backburner. But providing a secure future for your growing family is probably also on your mind, too.
Need help getting started? Here are five simple steps to put into action.
Kids and Saving
Allowing children to have and manage their own money gives them the opportunity to make spending choices and learn from the experience. Teaching kids about handling money gives them valuable lessons in a safe environment — before the mistakes get costly — so begin early, be consistent and set a good example with your own finances.
Tax Season: Be Aware of These New Changes
It’s tax season, and most taxpayers have until April 18, 2023, to file their 2022 federal income tax return. While there’s time to gather documents and submit your return, reviewing tax changes now can help you prepare for a smaller refund or bigger tax bill this spring. Some of the tax breaks available for the 2022 filing season have been reduced or no longer apply this year. Continue reading
Understanding Student Loan Forgiveness
The new federal student loan forgiveness program has piqued the interest of borrowers who thought they didn’t qualify for such programs. Whether you’re a recent graduate or have been repaying your loan for years, you should understand what loan forgiveness is, how it affects public and private student loans, and who might qualify.
Count the Cost of Convenience
Restaurant food delivery. Delis. Prepackaged grocery store meals. It’s easy to choose options that save time or reduce effort, especially when you’re in a rush or exhausted at the end of a long workday. But relying too much on conveniences may hurt your budget.
Here are three ways choosing convenience can affect your finances.
Teach Your Teens to Save
According to recent statistics, 73% of American teens said they’d like to know more about personal finances..1 And while many said they get money tips through a variety of sources – parents, school, social media – 75% didn’t feel confident about that knowledge. As a parent, you may feel the same way at times, trying to manage your money during the pandemic, now inflation. But helping your kids become savers is one of the best gifts you can give them. It’s the foundation of building lasting financial well-being.
When to Start Thinking About Life Insurance
Although you may find it difficult to think about purchasing life insurance when you’re young and healthy, you should consider it for two reasons: first, this will likely be the time when a policy is most affordable; and second, this will likely also be the time when your absence can have the greatest financial impact on your family. If you have dependents or provide your family’s sole financial support, a life insurance policy can give you the peace of mind that comes from knowing your loved ones will be taken care of if you’re unable to do so.
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Your Teen’s Not Too Young For a Roth IRA
It’s an exciting time: Your young adult’s 18th birthday is just around the corner and they’re probably questioning what to do next, after this important milestone occurs.
