You have heard it many times in those rapid-fire announcements on bank advertisements: “FDIC insured.” Before the recent high-profile bank failures, that was likely all most depositors knew about the FDIC, that it was insurance on their money. But current events have brought FDIC into the headlines over actions to protect depositors after the collapse Read more
Personal Finance
Hide and Seek: Loved Ones’ Assets May Not Be in Plain Sight
After a loved one passes away, it may fall to you to find and collect their assets. Not just those in obvious places, such as bank accounts, insurance policies, and property (i.e., cars and houses). In addition to selling the property, it’s a good idea to search it thoroughly first for any valuables hidden by Read more
Home Economics: Budgeting in a Time of Inflation
As inflation hits home and prices continue to rise, budgets must be adjusted. Whether in good times or bad, keeping track of your money is always a smart move. Everyone needs a budget. Although the belt-tightening may be uncomfortable, it doesn’t have to be painful. Sometimes, the best advice on spending habits is just common Read more
What’s the Score on Your Credit?
Do you know your credit score? It’s an important number. Your credit score can cost you a lot of money or save you a lot over your lifetime. An excellent score can land you lower interest rates, meaning you will pay less for any line of credit you take out. The strategy for achieving a Read more
Red Flags to Consider When Getting a Mortgage
Buying a house can be one of your most wonderful experiences. It can also often be one of the most stressful. Getting a mortgage? That process is not usually considered wonderful, but it doesn’t have to be a stressful experience if you prepare. While being ready to apply or having gotten pre-approved for a mortgage Read more
Credit Union or Bank: What’s the Difference?
The choice, if you have one, between putting your money in a bank or becoming a member of a credit union can seem tricky. But it doesn’t have to be. As with any decision about your personal finances, it’s important to know which kind of financial institution is best for your specific needs. Banks and Read more