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...
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Signs That You’re Living Above Your Means and How to Get Back on Track
If you have to question if you’re living beyond your means, chances are that you are, in fact, living beyond your means. Not only is it a woefully easy trap to fall into, but you might not even notice you’ve fallen at first. Read on for signs that you’re headed for...
Follow These Tips for Optimal Management of Your Nest Egg After Retirement
Retirement planning doesn’t stop just because you leave the workforce. Even if you’ve followed a retirement savings plan throughout your working years, it’s just as critical to have a solid plan for your assets post-retirement. The following tips will help map a...
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 Small Businesses Can Improve Their Cash Flow Management
Cash flow — the total amount of money that moves in and out of a business — is a major gauge of the financial health of your business. With a healthy cash flow, you are better positioned to handle expenses, invest in new opportunities, and experience growth. Below...
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...
Business Owners with a Growth Mindset Should Follow These Tips for Smart and Efficient Bookkeeping
Smart money management is a key component to a successful foundation for any business, no matter the scope of revenue that company brings in. With careful and consistent bookkeeping practices, these records provide a true representation of your profits and losses....
