Category Archives: Savings

How Should I Spend My Stimulus Check?

Stimulus checks promised in the Coronavirus Aid, Relief and Economic Security (CARES) Act are starting to land in checking accounts and mailboxes around the country. Some of you may be wondering: What is the best way to use this money? Cover your basic life expenses Make sure you can afford to cover your basics. Americans…

How Men And Women Manage Money Differently

Over the last century or so, society has made tremendous strides toward gender equality on every level — and this includes basic money management. Today’s culture has further narrowed the gap between the sexes, and the caricatures of the “overspending wife” and “overworked husband” have nearly become extinct. Despite society’s advancements, there are still significant…

Retailers are always manipulating our spending habits. Every time you pick up some groceries, your choices are likely influenced by pricing tactics like BOGO (Buy One Get One free), anchoring (Their Price: $35.99; Our Price: $29.99) and high-end pricing (Chef’s Special Rib Eye: $69.99; Rib Eye: $45.99) or decoy pricing. While all these methods may…

On June 13th, the Federal Funds Target rate was officially raised by .25%. This increase marks the second time interest rates were raised in 2018 and experts expect another two increases this year. The rate increase was prompted by optimistic feelings about the general state of the economy. The Fed pronounced the economy to be…