Interest rates impact nearly every corner of the economy, from the housing market to consumer spending. When interest rates rise, the effects are widespread, impacting personal finances as well. Below we’ll explore how rising interest rates might affect your personal...
Finance
Will the Inflation Reduction Act Affect Your Taxes?
President Biden recently signed a sweeping piece of legislation called the Inflation Reduction Act of 2022. It is designed to address climate change, energy, healthcare availability, and hopefully inflation. Below is a summary of how the new law could affect...
How to Safeguard Your Personal Finances Against a Recession
Inflation is at a 40-year high, interest rates are rising, and consumer confidence is waning. While experts have disagreed on whether we’ve entered a true recession, we know that the economy is cyclical and downturns are inevitable, so it’s essential to prepare for...
The Federal Reserve is Planning More Interest Rate Hikes This Year. Make These Money Moves Now
In an effort to hedge against inflation, the Federal Reserve recently raised its benchmark interest rates three-quarters of a percentage point (or 75 basis points), which was the most aggressive hike since 1994. Fed Chairman Jerome Powell has cautioned that additional...
How Rising Interest Rates Could Affect Your Finances
In a move to continue fighting high inflation, the Federal Reserve recently announced that it raised the federal funds rate 50 basis points (or half-a-percentage point). This follows the Fed’s 25 basis point increase in March, and it’s the biggest interest rate hike...
How to Keep Your Financial Goals on Target
Goal setting is essential to achieving any financial milestone. For many people, however, just setting the goal isn’t enough. Burnout, temptation, unplanned roadblocks, etc. all play a part in diverting us from our financial goals. Below we’ll go over some simple...
Get a Complete Picture of Your Company’s Financial Health With These Three Reports
Your business’s financial statements tell you where your money is coming from, where it’s going, how much you have to work with, and how your company manages cash flow. They are helpful for making smart business decisions, and they offer clarity in terms of company...