After keeping interest rates low throughout the first two years of the COVID-19 pandemic, the Federal Reserve announced its third rate hike this year, raising rates by three-quarters of a percentage point on June 15. That follows increases in May and March, which together totaled another three-quarters of a point, and the Fed has signaled plans for additional increases before the year's end.
Read More about What a Fed Rate Hike Means for Borrowers, Savers and Home Buyers In New Mexico
A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest more successfully.
Read More about Six Keys to More Successful Investing
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.
Read More about Estimating Your Retirement Income Needs
In celebration of National Financial Literacy Month, Nusenda is rolling out a great new resource for anyone wanting to expand their personal finance skills.
Read More about Jump into financial knowledge with Banzai!
As the pandemic recovery phase evolves, your credit might be the last thing on your mind. During times of emergencies though, such as this pandemic or during natural disasters, you should know the state of your finances, keep your credit on your radar, and be wary of scammers trying to access your information.
Read More about Protecting Your Credit and Personal Information During the COVID-19 Crisis
Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remain unchanged for 2021, other key numbers have increased.
Read More about IRA and Retirement Plan Limits for 2021
Whether it is an auto loan, a mortgage, a student loan, credit cards, or loans from family or friends, having some sort of financial debt is a reality for most people. However, with some advance planning and resourceful thinking, it doesn’t need to be a point of excessive stress. In fact, some types of loans are helpful to your overall financial well-being – if they’re paid on time and are used sensibly.
Read More about Managing Your Debt Wisely
The holiday season is here, and now is the perfect time to get started on your gift planning and shopping. But before you shop in-person or get online with your credit card in hand, it’s essential to set a plan and create a realistic budget. It’s easy to overspend with all of the excitement, but spending too much now could mean months of bills and high credit card charges in the new year.
Read More about 5 Creative Ways to Control Your Holiday Budget This Year
Bubbles burst, the economy falters, companies downsize, and personal disasters happen which can result in a reduced paycheck. Perpetual salary growth or even maintenance is simply not guaranteed. However, by adopting the right tools and attitude, you can make the most of a reduced paycheck and not just survive, but thrive.
Read More about How to Make the Most of a Reduced Paycheck