Budgeting

Have you ever heard someone ask “why is it so darn expensive to be poor?” It’s not just a piece of bitter complaining from someone who is down on their financial luck. The truth is that it is literally more expensive to be poor. That, in turn, makes it almost impossible for people with less […]

A recession is a prolonged period of economic decline, measured by a region’s GDP (along with other factors). The onset of the pandemic in March 2020 ended 129 consecutive months of economic expansion — the longest such period in history. Recessions lead to high unemployment, business failures, and sometimes even bank failures. Luckily, recessions have […]

Spending three months’ worth of salary might be the rule of thumb, but is it necessary? That depends on a variety of factors, including your financial situation and your partner’s style. When it’s time to buy a ring, keep the 4Cs in mind: Cut, Color, Clarity, and Carats. Engagement rings can be marked up 600% […]

After a long period of record lows, the federal government recently announced a 0.50% hike in interest rates. The new rate is designed to help combat inflation, which recently hit record highs. Rising interest rates can impact your own personal budget in multiple ways. Mostly, it now costs more to borrow money of any kind. […]