Financial Fundamentals Blog

The Dangers of Impulse Spending: 5 Tips To Help You Save More Money

  • Francesca Sacco
  Americans make up to 156 impulsive purchases per year, according to one report — and that’s only the impulse buys they’re aware of.   Many retailers and other businesses are reliant on impulse purchases to push their sales and revenues even higher. This is why businesses and their advertisers are eager to leverage the feeling...

Myths Busted: 6 Misconceptions About Debt Consolidation

  • Francesca Sacco
  For consumers with existing debt that is too high for them to pay down, debt consolidation can become an attractive option for managing this debt and creating a path to becoming debt-free.   Before you start the debt consolidation process, though — or dismiss it as a poor option to address your specific debt challenges — it’s...

How Federal Interest Rate Decisions Affect Your Finances

  • Francesca Sacco
The Federal Reserve and its federal interest rate have made a lot of headlines in recent weeks and months as the agency moves forward with plans to institute multiple rate hikes in 2022.   While these interest rate decisions receive a lot of attention in the media and can even cause volatility in the stock market, many...

Expense Tracking Template: Use This To Track Your Monthly Budget

  • Francesca Sacco
  When it comes to managing your money and improving your awareness of your own spending habits, an expense tracking solution can be exactly the tool you need to take the next steps in improving your financial wellness.   Expense tracking often goes hand-in-hand with creating a personal budget because both processes are meant...

Common College Expenses to Budget for

  • Francesca Sacco
If you or a loved one is getting ready to head off to college in the near future, it’s the perfect time to start thinking about related expenses. While tuition is to be expected, there are quite a few other common expenses related to attending college that often go overlooked. Making an effort to plan ahead will put you in a...

Financial Action Plan for Lowering Your Credit Card Payments

  • Francesca Sacco
Faced with high credit card balances, costly interest charges and ever-increasing minimum payments? You’re not alone. According to one survey conducted in September 2021, 54% of Americans reported carrying a balance on their credit card — and if you’re not careful with this financial tool, it can quickly become a costly...

How To Use A HELOC To Consolidate Your Debt

  • Francesca Sacco
  When debt grows beyond your ability to pay it off in a matter of months — or, in some cases, years — it’s time to consider other options for paying off that debt, managing the amount of interest you’re charged and building a plan to settle this debt and get your finances back on track.   In most cases, making monthly payments...

Three tips to battle inflation

  • Francesca Sacco
Three tips to battle inflation

Caring for Your Parents: How to Pay for Senior Living

  • Francesca Sacco
  When we’re children, we depend on our parents to provide everything we need — from food and shelter to emotional support. Then, as we grow up and our parents age, the tables start to turn. The parents we used to depend on start to grow old and require new kinds of care to maintain their health and quality of life.   If you’re...

Beware of holiday credit pitfalls

  • Francesca Sacco
It’s easy to over spend during the holidays. The tantalizing sales and elaborate window sales make it easy to get caught up in holiday shopping. And while it may not seem important in the moment, over spending can have many implications on your finances. Instead of spending the new year trying to correct the damage, learn to...

Rent vs. Buy: When Should You Consider Buying Your First Home?

  • Francesca Sacco
Owning a home isn’t merely a dream that you achieve once you reach a certain age. For many prospective homebuyers, the decision to switch from renting to buying requires a lot of planning, saving and carefully waiting for the right time to invest in a place of your own.   While there’s no perfect answer as to when you should...

6 College Saving Plans for Future Ohio Grads

  • Francesca Sacco
  The rising cost of college is a perennial concern for high school grads and their families. For Ohio residents looking to attend The Ohio State University, tuition and other costs have risen to more than $27,000 per year — or well over $100,000 for a four-year degree.   The costs at local private schools or many public and...