You understand the basic financial concepts of budgeting, saving, and monitoring your money. But this doesn’t necessarily mean that you’re in control of your spending. The following reasons might help explain why you sometimes break your budget.Details
The Advisor’s Corner is a resource for the community that offers insightful information into personal financial considerations and business financial issues.
The articles cover a broad range of topics, and we hope that you will find them useful in helping you to think about getting your fiscal house in order. Economic Empowerment starts at home.
As part of improving your financial situation, you might consider reducing your debt load. A number of strategies can be used to pay off debt. However, before starting any debt payoff strategy (or combination of strategies), be sure you understand the terms of your debts, including interest rates, terms of payment, and any prepayment or other penalties.Details
If you’re within 10 years of retirement, you’ve probably spent some time thinking about this major life change. The transition to retirement can seem a bit daunting, even overwhelming. If you find yourself wondering where to begin, the following points may help you focus.Details
Risk management is a key component in any successful business plan. In today’s world–where data breaches are common occurrences–it’s especially important for business owners to understand the digital risks they face. Are you doing all you can to mitigate the risk of a cyber attack?Details
Buying insurance is about sharing or shifting risk. For example, health insurance will cover some of the cost of medical care. Homeowners insurance will assume some of the risk of loss in the event your home is damaged or destroyed. But oftentimes we think we’re covered for specific losses when, in fact, we’re not. Here are some common coverage gaps to consider when reviewing your own insurance coverage.Details
If you’re a penny pincher but your spouse is penny wise and pound foolish, money arguments may frequently erupt. Couples who have opposite philosophies regarding saving and spending often have trouble finding common ground. Thinking of yourselves as two sides of the same coin may help you appreciate your financial differences.Details
The fact is, due to the complex nature of today’s medical billing industry, it’s difficult for many consumers to know exactly what they will end up having to pay for medical services or treatments. Fortunately, there are some things you can do to make it easier to deal with any medical billing issues that may arise.Details