Financial Fundamentals Blog

First-Time Homeowners: This Is How to Prepare to Buy a House

  • 7 17 Staff
Are you considering purchasing your own home? Owning your own home is an exciting prospect. You’ve probably started thinking about how many rooms you want, the size of your kitchen, and if a garage is an important must-have or not.    Before getting started on planning what features you want your home to have and what you want...

5 Tips on How to Improve Your Credit Score

  • 7 17 Staff
Your credit score is one of your most important financial assets. It can affect a lot of your financial decisions such as purchasing a car or house, applying for a student loan or credit card, and even renting an apartment.    A low credit score can have many impacts on your life — and not just financially. It can also affect...

Inflation Periods in the US: How to Make Smart Economic Decisions With Inflation on the Rise

  • 7 17 Staff
Many people are currently feeling the effects of inflation, from grocery prices to the cost of gasoline, utilities and housing. Inflation is the rise in prices over a certain period of time. Prices for goods, utilities and housing have steadily risen in recent months, with the U.S. inflation rate reaching 9.1% in June.    Many...

6 Most Common Reasons for Getting a HELOC

  • Admin
  In addition to the value, security and personal fulfillment that comes with owning a home, the equity built up in your home can be a valuable financial resource as you face additional expenses and needs over time.   Along with home equity loans and cash-out refinances, this equity can be accessed and used through a home...

What is Financial Literacy and Why is it so Important?

  • Francesca Sacco
According to Experian, financial literacy is the confident understanding of concepts that include saving, investing and debt that lead to an overall sense of financial well-being and self-trust.

Get back to the financial basics this National Financial Literacy Month

  • Francesca Sacco
April is National Financial Literacy Month, so it’s the perfect time to reflect on your personal finances! Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting and investing. It is the foundation of your relationship with money, and...

Tax benefits of owning a home

  • Francesca Sacco
Are you a new homeowner or considering buying your first home? As the 2022 tax deadline – April 18 – approaches, it’s important to know what tax benefits you can take advantage of on your returns so you can maximize your savings.  

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...

Important changes to know about the 2022 tax season

  • Francesca Sacco
The 2022 tax season is underway, and although this year’s deadline – April 18 – is still a while off, you don’t want to delay. If you haven’t yet filed, there are a few topics you’ll want to familiarize yourself.