Should I Save If I’m in Debt?

Saving money is important. Saving might seem difficult, especially if you are struggling to make ends meet or if you are in debt. However, everyone can create a savings plan. Even as you work toward paying off debt, saving is necessary and possible. If you put all of your money toward debt, you won’t be…

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Should I Open a Savings Account for My Kids?

Before opening a savings account, think about why you and your child are saving money. Here are some common reasons Pay for future education expenses Help your child manage the money they make from their job Give your child a lump sum of money when they graduate from high school Your reason for saving the…

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Why You Need a Financial GPS

The last part of my morning routine goes like this: Get in the car. Open Pandora (the free version, of course). Select the Nelly & St. Lunatics channel. Open the Waze app. Select location labeled as Work. Back out of my driveway; I’m on the way! You might think that it’s silly for me to…

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How to Pay Bills Without a Bank Account

According to a report by the FDIC (Federal Deposit Insurance Corporation) in 2019, 5.4% of households in American were unbanked or had no bank accounts. There are several reasons that someone may not have a bank account. Past financial mistakes like too many overdraft fees or bounced checks can make it hard to open a…

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How to Teach Your Kids to Budget for Their First Jobs

First of all, congratulations! Your teen has their first paying job. This is a milestone and a time where they’ll learn new things about work, life, money, and themselves. This is an excellent time to teach foundational principles and practical budgeting. Your teen can also earn more financial independence. Save. Spend. Give. All the things…

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