Posted by GreenPath Financial Wellness on July 29, 2022
Inflation continues to put pressure on household budgets. From groceries to gas, record - breaking inflation means the purchasing power of your money is decreasing each month. Our partner GreenPath Financial Wellness offers you the following steps to keep “budget aware” to help navigate this period of high inflation, however long it lasts
Posted by GreenPath Financial Wellness on April 4, 2022
According to most definitions, the term financial literacy refers to understanding how to effectively manage household finances, handle debt, create a budget, and build savings.
Working toward financial literacy is the foundation of your relationship with money and can set you up for a lifetime of financial health and wellness.
As a trusted national nonprofit, GreenPath can be part of your lifelong journey to financial literacy, especially in the areas of managing personal finances, budgeting, saving, and managing debt.
Posted by BALANCE on February 21, 2022
The easiest way to save? Automatically! It doesn’t matter how much, what you’re saving for, or why you are saving. When you make the smart decision to have a portion of your income automatically deposited into a savings account, you have increased your chance for success. Today, our focus will be driving Americans to take action by saving automatically through the split deposit.
Posted by BALANCE on February 16, 2022
Many of the ways in which you spend your money comes from nothing more than a habit. From spending $15 on lunch every day to dropping $150 on new shoes, your costly habits can be a slow but steady drain on your finances. If these habits are bad for your finances, think about developing good habits that will boost your finances. Here are seven simple, good money habits you can adopt to help you keep more of your paycheck:
Posted by Jolt Financial Group & CUNA Brokerage Services, Inc. (CBSI) on February 15, 2022
You’ve been faithfully saving, spending wisely and investing for years in preparation for a comfortable retirement, and you have a lot to be proud of. But making the transition from accumulating money to actually spending it in retirement is a part of financial planning that isn’t always talked about.
Have you thought about how your savings can be used to provide predictable income in your golden years? Or how your investments may need to offset inflation to ensure you don't run out of money?
It’s important that your savings continues to work for you. Consider these four ways to help further diversify your income in retirement and continue your active lifestyle.
Posted by BALANCE on January 21, 2022
Spending analysis is much more than setting a budget. It’s taking an honest look at where your money is really going, figuring out where it should be going, and then getting it there.
Do You Know Where Your Money Is Going?
Unless you are checking your bank account after every purchase, you may not realize how much you are spending. It’s easy to swipe cards, send money via payment apps, and sign up for “free trials” that end up in recurring subscription fees. Left unchecked, these transactions can seriously drain your bank account, limit your ability to save, and rob you of fun expenditures like traveling!
Posted by GreenPath Financial Wellness on January 3, 2022
The New Year is a time for new beginnings. Are you ready to make money resolutions that stick?
Eliminating debt, learning new spending habits, or building savings are choices that can change your life. They can affect your entire well-being from stress levels, to physical and mental health.
When considered as one big New Year’s goal, it can be overwhelming to know where to begin. To make it possible in the year ahead, here are five tips to commit to your financial health.
Posted by Melissa Pashak, Marketing Specialist on December 8, 2021
As 2021 draws to a close and we prepare to usher in 2022, take a moment to go through this year-end financial checklist for ensuring your finances are in order before the start of the New Year.
1. Review your budget
Is your monthly budget still working well for you? Are you stretching some spending categories or finishing each month in the red? Take some time to review your budget and make any necessary changes.
2. Top off your retirement plan
Posted by Melissa Pashak, Marketing Specialist on November 15, 2021
Ready, set… charge! The holiday shopping season is here, and between inflated prices, the rising cost of gas and the urge to splurge this time of year, it can be harder than ever to stick to your budget. Here, we’ve listed eight holiday shopping hacks to help keep your spending under control while still finding the perfect gifts for everyone on your list.
1. Make a list and check it twice
It’s not just for groceries—this tried-and-true shopping hack can really help you keep costs down this holiday season. When you shop with a list in hand and you’re careful to stick to it, you can make responsible shopping decisions instead of buying anything and everything that catches your eye.