Why We Do a Yearly Budget Audit
My husband and I established a budget over 20 years ago when we married. We don’t find a budget restrictive; instead, adhering to our budget has allowed us to make financial gains we couldn’t have if we didn’t monitor our income and expenses carefully and budget for every dollar. However, times change—our income increases, and, recently, inflation has driven up the cost of everything–which...
more →
more →
Our Plans for Managing a House Payment with a High Interest Rate
My husband and I have been homeowners for eight years. We bought our first home and paid an interest rate of 4.25 percent. Later, during the pandemic, we refinanced, and our interest rate dropped to 3.375 percent. However, we relocated for a job, and our new home has an interest rate of 5.57 percent. Giving up our low interest rate was painful but something we needed to do because we moved out of...
more →
more →
How Does Inflation Affect Purchasing Power?
How does inflation affect purchasing power? To begin to understand how it works, it helps to know what purchasing power is and how it’s defined. Investopedia defines purchasing power as “the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.” So when we discuss purchasing power, we aren’t in this context talking about how much money you...
more →
more →
When Inflation Rises It’s Time To LEAP Into This Investment
If you are like me and get nervous at the thought that interest rates are at the lowest point we have ever witnessed, your concern is valid. Well, unfortunately this will continue for the foreseeable future. This is the way the federal government props up the economy. Typically when interest rates are artificially low, stocks go up, debt is easier to service, and people get lost in a true haze...
more →
more →
