Financial Wellness (4) Blogs - Page 4

Making a budget is one thing; sticking to it is what’s going to help you achieve your financial goals. Here are some tips on how to stick to a budget.

Creating a budget can be a difficult and tiresome task but learning how to budget for your personal expenses is key to financial health.

Disclaimer: ClearOne Advantage does not offer tax advice. Please consult with your accountant or tax professional for advice regarding your specific tax situation.

If you are in the process of paying down your debt, there are certain things to keep in mind at tax time. Here are some tips for filing taxes while you're in debt.

Losing your job can hit you like a ton of bricks, especially as you think of all of the financial obligations you have. Having a budget can help you manage your finances to get you through this difficult time.

If you are trying to figure out the best way to pay down debt on your own, you should consider which method works best for you – the debt snowball or debt avalanche.

Do you ever find yourself buying something impulsively? Delaying spending helps you save more and avoid impulse buys. It keeps your money aligned with your values and goals.

In an ideal world, we would be saving and paying off debt at the same time, and even have resources to invest in the money market. But ideal worlds are rare and many people have to make a choice between paying off debt or saving for an emergency.

While paying off debt and saving money don’t need to be mutually exclusive, very often your personal finances don’t allow you to do both at the same time. Which one you pick depends on your financial expectations, goals in the future, and the priorities you have set for yourself and your household.

Disclaimer: The following is for information purposes only and should not be viewed as legal advice and should not be relied upon without consulting an attorney.

It is legal for creditors to employ debt collectors to help them collect money that is due to them. However, when attempting to recover money from you, some debt collectors may resort to unfair, deceptive, or abusive practices in an effort to intimidate you.

Whether it's trying to keep up with the Joneses or prove worth to one's self, family member, or peer, people tend to overspend. Money has become a trigger of obsession and addiction for many. 

"The number one problem in today’s generation and economy is lack of financial literacy." - Alan Greenspan, former Chair of the Federal Reserve of the United States. Learn how improving financial literacy can benefit you.