Unveiling a thrilling chapter of the American narrative in 2023, the median sales price of homes across the vast expanse of the U.S. has catapulted to a breathtaking $437,000 tipping the housing scale. This housing environment is not a game of Monopoly, where stacks of colorful bills rest at your fingertips! Rather, for most individuals, such colossal sums exist in dreams, far from the reach of our daily lives. Enter the enchanting realm of mortgage loans, the secret to acquiring your sanctuary. Embodying the ingenious spirit of financial adaptability, transforming them into digestible, bite-sized pieces, mortgage loans bestow upon us the power to seize large financial endeavors.

Picture your credit score as the ultimate financial passport—a magic key that can unlock incredible opportunities when handled correctly. Lenders rely on these scores to assess just how good you are at repaying borrowed money. They're your financial footprints, silently communicating your reliability and proficiency in handling debt.

Artificial intelligence (AI) has experienced a surge in popularity over recent years, and its impact on our lives in such a short amount of time has been tremendous. As a result, AI will continue to grow as an innovative technology in high demand, driven by individual consumers and business production. With the remarkable benefits that AI technology brings, investment in the AI sector will likely continue to grow in the foreseeable future.

Loans are the lifeblood of the American financial system, propelling the nation's economy forward. They provide individuals, businesses, and governments with access to funds that may otherwise be unattainable through mutually advantageous agreements. When a loan is granted, the borrower gains additional financial resources. Simultaneously, the lender profits from the investment, earning a portion of the loan amount over time. This flow of capital promotes economic growth and stability across the United States.

The recent closures of three U.S. banks have caused concern among investors and consumers. Silvergate Bank, Silicon Valley Bank, and Signature Bank, New York, are among them. Each of these banks has faced different challenges leading to their closure.

Preferred stocks are a type of investment that is gaining popularity among people who want a steady source of income and the benefits of owning stocks. They are a unique blend of fixed-income and equity features, making them an attractive option for certain investors.

As we approach the 2023 tax year, it's important to stay up-to-date with the changes and adjustments that have been made by the IRS. As a result of the recent inflation surge and decreased value of the U.S. dollar, the IRS has made several important changes for the upcoming tax year.

Stories about interest rate increases have dominated recent news. What does it mean when we hear that the Federal Reserve will raise interest rates by 0.25% to 0.50% points?

Before the end of 2022, consider evaluating your wealth plan to ensure it reflects any changes in your financial situation: income, expenses, tax environment, budget, and short-term and long-term goals. Rising interest rates and potential legislation could lead to changes to the tax law and investment strategy that may require adjustments to your plan before the end of the year.

It's been more than 15 years since the Great Recession and the resulting economic fallout. While some people may have recovered, others still feel the effects of that time. And while some people may wait for the economy to collapse again, there are ways to protect yourself and your assets if it happens. Here's how you can potentially recession-proof your finances to prepare for a recession and other financial emergencies.

Few of us have the time to micromanage our savings and personal finances. It can also be hard to know what overall investing strategies to follow. However, there are several low-fuss ways to alter your purchasing and investing habits to safeguard your money from rising inflation's effects.

A budget allows you to: Align your spending with your financial goals. Achieve your financial goals in realistic time frames. Understand your cash flow and plan for the future. Manage your money rather than allowing your money to manage you!

A spending and savings plan is a step-by-step plan for meeting expenses and setting aside money for savings in a given time period. Think of it as your personal roadmap to help you achieve your SMART goals!

In parts, I and II of this series, Will, Dianne, and Candice were introduced. They have explored a variety of funding options for Candice's college education. They have reviewed federal funding opportunities and tax-advantaged college savings strategies. At the conclusion of this series, we will explore potential scholarship opportunities to help fund Candice's education.

In Part I of this series, we met Will, Dianne, and Candice who have been exploring different options for funding Candice’s college education. If you missed Part I, feel free to catch the breakdown of federal funding sources. After exploring all of the federal funding sources available, Will and Dianne wanted to explore options available for using more of their own income and savings to help fund Candice’s college education.

With the end of the academic year soon approaching, many parents are preparing to send their children off to college for the first time. According to the 2021 edition of Sallie Mae's How America Pays for College study, 6 in 10 (58%) college families developed a plan for funding all four years of college. Studies show that more and more families are beginning to make funding preparations for their children to obtain a college education. As families report an average of $26k for the academic year 2020-2021, a four-year degree is estimated to cost over $100k, which is far from a small price to pay. So, let's take a deeper look at how to create a detailed plan for your children from start to finish.

The Federal Reserve System, commonly known as The Fed, recently raised interest rates in an attempt to regulate the increasing inflation rates the US has experienced. This most recent interest rate increase is suspected to be followed by six additional increases this year. While this has flooded news stories over the last several weeks, how does this impact us in the short-and long-term?

Merriam-Webster defines relationships as a state of affairs between those having relations or a romantic/passionate attachment. In fact, you often read topics on money and relationships to discuss issues that couples tend to deal with as they learn better ways to manage money together. Today, however, we seek to explore the idea of money and relationships from a different perspective. How does our personal relationship with money impact our goal setting and overall financial management? Let’s explore a few common money perspectives and various checkpoints to consider under each perspective.

With the calendar moving to February, it's officially tax season. Whether you are anticipating a refund or dreading the thought of making another payment, the following suggestions may prove helpful as you proceed with preparing and submitting your tax forms.

When many are looking at New Year's resolutions, it's often a great time to consider adopting a quick personal finance checklist of areas to review for the new year. As we begin this new year, here is a Three-Step Process you can adopt to make sure you are intentional about managing your finances.