The combination of rising interest rates, persistent inflation, and rising home-prices means the start of a transitional period and lower competition in the housing market, predict economists including Lawrence Yun, chief economist at the National Association of Realtors. Don’t expect it to become an outright buyer’s market anytime soon, however.
Your relationship with food is probably pretty complex. In addition to sustenance, you may use food for comfort, gathering with others, distraction or pleasure. When you really commit to tracking your food expenses as part of putting together a spending and savings plan, you realize food can be a complicated part of your financial life too.
When you think of things that make your life easier, what comes to mind? Smart phones? Other electronic devices? Household appliances? If you think about it, one of the biggest productivity boosts in the last ten years has been immediate access to your cash, i.e. online banking. It’s easy. It’s convenient. And it has a lot to offer.
Credit cards are a valuable financial tool for both individuals and businesses, but they come at a price. You get purchasing power on the spot, and the creditor only requires you to pay off a small amount of the total every month, i.e., the minimum amount due. However, it’s important to remember that the minimum is calculated in the best interest of the creditor, which puts you at a disadvantage.
Are you financially healthy? Over the past year, we have been looking at financial fitness in our Twelve Months To Financial Fitness. However, we haven’t talked much about what it means to be financially healthy. This article covers just that.
