By Caroline Willard, CEOCornerstone League The news of two bank failures has rocked the financial services and tech worlds. Over the weekend banking regulators closed two banks: the $209 billion Silicon Valley Bank (SVB) and the $110.4 billion Signature Bank in New York. SVB’s collapse – the second largest bank failure in U.S. history – …
By Jean ChatzkyWith reporting by Casandra Andrews Here are 5 deductions and credits to consider before filing your taxes If you are among the millions of taxpayers who expect a refund this year, Uncle Sam wants to remind you that unlike in 2020 and 2021, there were no stimulus payments for 2022. That means people …
By Jean ChatzkyWith reporting by Casandra Andrews Parents and mentors can assist in closing the financial literacy gap As a nation, we have work to do when it comes to teaching the next generation the ins and outs of personal finance. Only 25 states require high school students to take a financial education course before …
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By Matthew Mack Learn to manage your life and your finances independent of interest rate fluctuations The Federal Reserve raised interest rates again. The latest raise was 0.75%. If you’re keeping track, that’s six rate increases in 2022. In March, the Fed started the year with a rate increase of 0.25%. It was the first rate …
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By Jean ChatzkyWith reporting by Casandra Andrews Consider These 6 Strategies to Avoid Going into More Debt this Winter Even before epic inflation settled over the U.S., the most wonderful time of the year can also be the most expensive and stressful period for many adults. Overspending could be one reason many people dread the …
What is a credit score? Often credit report and credit score are used interchangeably, but it is important to know the difference between the two. A credit report is a detailed history of credit information. It will include balances, delinquent payments, bankruptcies, personal identifying information, and inquiries. A credit score is a three-digit number based …
A budget is a financial plan created by an individual or an organization based on projected income and expenses for a designated period. It can be useful to help save money or just to see where money is being spent each month. Budgets take work and many fail. Here are some common budget mistakes. Not …
Summer means hitting the road to new horizons for most. The dream of fun in the sun could turn into a nightmare instantly with the loss of vacation funds. Here are some tips to protect your money while traveling. Let your bank and credit card companies know You should notify your bank and credit card …
Person 2 Person, P2P, apps are growing in popularity with the increasing use of technology in everyday activities. Less and less people are carrying cash these days, so P2P apps help friends and family split bills and pay for a variety of other services. In November of 2021 70% of US citizens were using …
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April is National Credit Union Youth Month. The theme for 2022 is Save Small, Dream Big at your credit union. This month serves to encourage kids to develop healthy saving habits by making saving fun and exciting. CUNA or the Credit Union National Association is behind its creation. CUNA works to advocate for credit unions …