There’s nothing quite like airing out your home from a long winter, scrubbing it down to a sparkly shine, and decluttering the mess that’s piled up. Deep cleans are meant for more than just your house, though. Your finances most likely need some spring cleaning, too. According to Nerd Wallet , spring is a good time to “conduct a thorough review of your finances and address any neglected areas.” The first and easiest way to conquer that task is by updating your budget, which changes in different areas each year. It’s good to reassess spending habits at least once a year. Eaton Family Credit Union Chief Financial Officer, Kelly Slocum, notes, "Financial goals can change over time, particularly during pandemic years, so reevaluating them each spring is important. Everything from annual vacations to new jobs should be included in your list of financial goals." Other ways to clean up your finances this spring include reviewing your insurance coverage, services, and cutting unne...
If you are planning a wedding this year, it could be challenging. With high demand coming from a global pandemic, brides have limited options for everything from wedding dates to food to venues; it’s a true “wedding boom,” according to Brides . After more than a year of postponed and called-off weddings, the industry has seen an influx of weddings coming back as the world opens up again. As a result, the demand for every aspect of the industry is higher than ever. Tips for planning a wedding in 2022 Make decisions quickly – With everything from dresses to venues to flowers to food in high demand, be ready to make quick decisions. No one wants to rush these things, but it could prove worse to miss out on the best opportunities. If it seems like it will be a good fit, jump on it. Prepare for inflated costs – Prices are high with the after-covid boom, so prepare to be open and flexible with vendors as they help you work within your vision and budget. Hire a wedding plann...
The holidays are officially over, but the debt remains. Overspending happens every year during this time, and once the holiday glow is over, the bills start taking over. According to Magnify Money’s annual post-holiday survey , 31 percent of consumers took on debt to cover their holiday expenses last year. Of those who did, they spent $1,381 on average, with 56 percent of consumers using credit cards for their purchases. If you ended up overdoing it a bit around the holidays, it will take some work to get back on track. The most important thing you can do when paying down debt is to stick to your plan. Here are some easily implemented tips to get started from CNBC . Know your budget – If you don’t have a budget, make one. If you do, revisit it. Make a list of who you owe, how much, and the interest rate for each. Select a payback method – There are two different schools of thought for paying back debt: The snowball method, in which you start by paying off the lowest...
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