focused couple browsing laptop on bed

5 Best Budgeting Apps for Couples in 2023: Plan Your Finances Together

Budgeting is super important, especially when you’re in a relationship. It can be tough to keep track of expenses, set financial goals, and stick to a budget. But don’t worry, technology has made it much easier to budget and manage money together. In this guide, we’re going to look at the best budgeting apps for couples and how they can help you achieve financial success.

Read More »
set of black opened envelope and cash dollars

Fall Semester Brings a New Requirement for Michigan High School Students: Personal Finance Class

We all know the importance of managing our finances, but did you know that most high school students graduate without formal education? Unfortunately, this is the reality for many students across the country, but only for a short time. Michigan high school students will now be required to take a personal finance class starting in the fall semester. This is a big step towards ensuring that students are financially literate and prepared for adulthood.

As the cost of living continues to rise, it’s more important than ever for young people to understand the basics of personal finance. From budgeting and saving to investing and managing debt, personal finance skills are crucial for making sound financial decisions and achieving long-term financial stability. And yet, despite the apparent importance of these skills, many students are leaving high school without the knowledge they need to manage their money effectively.

Read More »
white and orange gasoline nozzle

Is An Electric Car in Your Future?

If you’re above a certain income, you may wish to look into it soon.

Driving by a car dealership this year, you may have noticed a huge difference. The inventory of many lots were empty. While some dealerships are starting to stabilize a bit more, the fact remains that both new and used car supplies remain somewhat constrained, including electric vehicles. However, thanks to the Inflation Reduction Act this year, your next EV or energy efficient upgrades may now be a little more affordable. Though if you meet a certain income bracket, you might want to look into taking the plunge now.

Read More »
woman working at cash register

3 Tips for Using Buy Now, Pay Later

The payment industry is evolving and with it, comes the emergence of buy now, pay later services. This new payment platform offers a fresh take on traditional financing options, allowing customers more control over how and when they pay for purchases. But, before you dive into using buy now, pay later, there are some helpful tips to keep in mind.

Read More »
woman holding a receipt

Handling FOMO

Jonathan Pond, writing for Ponderings:

FOMO – fear of missing out – is a very real phenomenon that has been the subject of considerable research. FOMO is becoming even more acute thanks to social media and the speed with which information becomes disseminated. You hear about someone’s financial success or a big increase in the stock market and worry that you’re being left behind. This can lead to bad or at least ill-timed decisions. The same can be said for FOMO in declining markets where an investor may lament missing the opportunity to get out of bad investments before they plummeted.

Like most good habits, inoculating yourself against FOMO takes discipline. The day-to-day vacillations in the investment markets and the feelings of envy of those who apparently benefited mightily from some investments are going to get in the way of your otherwise sensible approach to your own financial life. Sure, some stock sectors or individual stocks hit it big in a single day, but these are the ones that usually lose as much or more soon thereafter. Who cares about the big winners, anyway? If you maintain a consistent approach to your investing and are prudent in your financial life, you’re almost bound to eventually be a big winner, leaving those afflicted with FOMO in the dust. 

While Mr. Pond may have been referring more to the stock market in this instance, I thought the timing was still great for this time of year, as we’re inundated with ads, emails and the like telling us “only 11 hours left for the greatest deal ever” or “such and such TV is on sale even though you just bought one last year,” etc. 

With that, how have you managed to avoid FOMO this holiday season or in general? Feel free to leave a comment below!

pexels-photo-2068975.jpeg

Keeping a Fiscally Fit Well-being

The last couple of years has presented a challenge regarding personal finance. The pandemic has brought troubles to the job market, upended the supply chain and healthcare costs, and more. Then 2022 has brought continued inflationary risks, overseas conflicts, and more.

Despite that, here are some solid reminders that can help you stay “fiscally fit,” no matter what external matters may be going on.

Read More »