by Randy Chalmers on August 11, 2023.
We’ve blogged about responsible credit card usage, calculations used to determine minimum payments, and other points on credit cards. This week we’ll discuss some common “tips” you may receive from friends and family about credit cards. Myth #1 Paying the minimum balance is ok Sure, paying the minimum due is acceptable and it’s actually welcomed...
by Dave Conley on May 26, 2023.
Every few years we have this discussion about whether or not we are going to raise the debt ceiling. Let’s just be honest, the debt ceiling will be raised. Since 1960, it’s been raised 78 times (more than once a year). The chart below shows the times the debt ceiling has been raised since 1970....
by Randy Chalmers on May 5, 2023.
A financial advisor is an invaluable asset to managing your finances and providing you with personalized advice specifically for you. When you begin your relationship with your financial advisor you tend to have many face-to-face interactions as the long-term relationship is being established. Once a plan is in place the meetings slow down, but don’t...
by Randy Chalmers on February 24, 2023.
I had a meeting with an individual today, and they brought up a great point I’d like to share. Before retiring, he was a teacher and would talk to his students about being fiscally responsible. He would explain to them that the first purchase a college graduate makes is normally a car. Now buying a...
by Randy Chalmers on January 27, 2023.
Like Dave Ramsey says, a lot of people state they will always have a car payment, which is something I personally have said most of my adult life. This is because we’ve learned to budget our lives around paying our necessities like the mortgage, groceries, water, electricity, and…car payments? According to 2022 data from Experian,...
by Randy Chalmers on December 12, 2022.
Like most topics, who you speak to about credit cards drastically impacts the narrative of why you should or shouldn’t use them. So instead of trying to change your mind one way or the other, let’s just look at some facts about credit cards. How does the interest rate work on my credit card? The...
by Randy Chalmers on November 4, 2022.
We’ve discussed how people think they don’t have enough money to invest, so instead, they spend what they could have saved. But, what about those who are not yet investing, the ones who are on Dave’s Baby Step 2: pay off debt utilizing the debt snowball method? I know a lot of people reading this...
by Michelle McEachin on September 9, 2022.
Are you sinking your funds? We talk about budgets a lot around here. We believe that having a budget for your monthly expenses is terrific! But, don’t forget you have some expenses that are not monthly and some that are definitely not regular. Some bills will only come to your mailbox once a year. Bills...
by Randy Chalmers on August 26, 2022.
By now, you have most likely heard about the announced three-part plan to help working and middle-class federal student loan borrowers. Are you confused by the myriad of information you’ve seen? Then let’s go over some details. The Facts on the three-part plan: The loan repayment pause has been extended until 31 December 2022, this...