Professional man excited to get a raise

Smart Money Moves Following a Raise

Being recognized for your hard work by receiving a raise is one of the best feelings there is. But it’s what you do next that will have an impact on your financial future. Many people see getting a raise as a good reason to go on a spending spree or open new lines of credit, which we don’t recommend. Even if you don’t spend it frivolously, ju...


Budget pie chart with coins overlay

How to Prioritize Bills When You’re Low on Cash

It happens sometimes. Despite your best efforts to budget and save, you come up short when it comes time to pay bills. It’s unsettling, to be sure. But it doesn’t have to mean the start of a financial freefall. With a little planning and strategy, you can get through the lean time to come out on top. The first thing you’ll want to do is deter...


A deficiency balance can result from a repossession

What You Need to Know About Deficiency Balances

What is a Deficiency Balance? When a vehicle is repossessed, or a property goes into foreclosure, it can result in a deficiency balance. This is the amount of the original loan that remains unpaid after the lender has taken back the property and sold it to cover the bulk of the loan balance. The original lender may also add the administrative cos...


1040 U.S. Tax form and assorted American currency

5 Creative Ways to Use Your Tax Refund

Receiving a tax refund is a good news/bad news scenario. The good news, obviously, is that you have a decent chunk of ready cash at your disposal. The bad news is that it means you’ve been having too much tax withheld throughout the year, and should probably consider adjusting your withholding. But if you are getting a refund, what should you do ...


Mom and dad helping young girl count money from a fundraiser

Use Kids’ Fundraisers to Teach Money Lessons

It’s happened again. Your child came from school with a catalog, an order form, and a directive to sell, sell, sell. It’s fundraising time, and the pressure is on. If your first instinct is to take the form to work and get your coworkers to help your child reach their goal, it’s OK. We’ve all done it. But when you do that, you’re actually...


Experian Boost and UltraFICO can help increase consumer credit scores

What The Federal Interest Rate Hike Means to You

If you missed the news last month, the Federal Reserve (aka The Fed) raised the benchmark federal funds rate by a quarter percent, the first increase in seven years. Back in 2008, during the depths of the Great Recession, they dropped interest rates to zero to help stimulate the economy and housing market. Now that the economy is slowly, but steadi...