American Values Impact Financial Choices | Conscience or Money?
Charles Schwab’s sixth-annual Modern Wealth Survey revealed that people with money do have a heart. Almost three-quarters of the American respondents (73 percent) say that their values govern their life decisions. And almost as many (69 percent) say their top financial considerations support causes they care about. When deciding where to place investment dollars, Americans consider such…
By Allen Harris
June 13, 2022
Money In Motion | 5 Critical Moments for Financial Choices & What to Do
Families and individuals have the most to gain – or lose – when money is in motion. Whether you’re building wealth or spending it, one thing is for certain: this is a critical moment for good financial choices. Here are five common situations where you will find that your money is in motion, and what…
By Allen Harris
June 8, 2022
The wealth effect impacts consumer spending as inflation and interest rates climb
Understanding the wealth effect Economists know that consumers spend more when their wealth increases, even if their income remains the same. However, if wealth decreases, the opposite occurs. The concept, known as the wealth effect, has spurred the economy for well more than a decade as savers’ 401(k)s and other retirement accounts increased year-after-year. At…
By Bill Schmick
May 26, 2022
Interest-only mortgages are risky in a rising interest rate environment
Over the past decade, as interest rates declined, some homebuyers gravitated towards interest-only loans. However, times are changing, and borrowers should be careful in considering this kind of mortgage loan. During the past two years, many financial lenders have tightened credit standards across most loan types. The combination of the Coronavirus pandemic, supply shortages, inflation…
By Bill Schmick
May 19, 2022
Does this look smaller to you? Shrinkflation is here.
By now, you may have noticed that something doesn’t look quite right on your grocery shelves. Could it be that bag of chips, or maybe that roll of toilet paper, seems to have shrunk? Let me assure you it is not your eyes; we have all come down with a bad case of shrinkflation. Shrinkflation…
By Bill Schmick
April 28, 2022
What’s a FAFSA?
The Free Application for Federal Student Aid (FAFSA®) is an online form used to assess your family’s financial ability to pay for college. It’s free to apply, but you will need to set aside some time (and mental energy) to devote to completing it. To begin, both parents AND the students will each need to…
By Lauren Beckett
March 15, 2022
