Money is an essential part of our lives, and it can have a significant impact on our mental health. The way we manage our finances can either contribute to or detract from our overall well-being. Let's explore the connections between mental health and money management and talk about how setting boundaries with yourself, taking care of yourself, and exercising self-control can improve your financial health and your mental health.
Natural disasters are, unfortunately, sometimes just a part of everyday life. While there’s not much you can do about it, you can prepare yourself so that when one does happen, you’re ready. Here’s how to prep your finances to best mitigate the impact of a natural disaster.
Missing or late payments stay on your credit for years. Credit card delinquency rates rose above 2% in the third quarter of 2022, according to data from the Federal Reserve. And when a loan becomes delinquent, it can set off a chain of events that can negatively impact your financial future for years to come. As in? Your interest rate can rise sharply. Learn more about how late payments can impact your interest rates.
If you’re nearing retirement, you’re likely wondering when you should claim Social Security benefits. Unfortunately, there’s no exact answer because everyone’s situation is different. However, you can think the decision through and come up with a number that fits you. Here are some things to consider.
Building credit may seem daunting, but starting early and adopting responsible credit habits is key to establishing a solid financial foundation. By understanding the importance of credit and following these practical tips, you are taking significant steps toward a successful financial future.
Whether you are looking to buy a home now or plan to in the next few years, it’s essential to understand all aspects that can be baked into your monthly mortgage and, ultimately, what that means to your bottom line. Read more on five things to know about private mortgage insurance.
In a world where temptation lurks around every corner, mastering the art of better spending can feel like an uphill battle. Here are some basic spending strategies to help you take control of your spending!
While everyone knows (or should know) the importance of saving for retirement, the vast menu of retirement savings plans can be quite confusing. Add in the questions of how they work and how much you should be contributing, and it can make your head spin. Learn the basics of retirement accounts and how to navigate using them
Money can be a hot topic for couples, leading to fights. Here’s a look at some of the best ways couples can successfully navigate financial issues together. These proven strategies can help you communicate more and argue less about money.
To merger or not to merge. That is the question. Money can be challenging to discuss, but it will eventually have to be a topic of discussion to help build a sustainable future with your partner. Learn how to talk about money and the questions you and your partner need to ask before combining your finances.