In a recent address to other central bankers at the European Central Bank’s annual symposium in Sintra, Portugal, Federal Reserve Chair Jerome Powell said that the Fed’s fight against inflation could extend over several years.According to the Wall Street Journal report, Chairman Powell hinted that the Feds will likely continue to raise interest rates in the foreseeable future … [Read more...] about 7 Ways to Manage Your Finances During Persistent Inflation
Photo from Pexels by Karolina GrabowskaRight now, financial stress is causing a lot of turmoil for individuals and families around the world. Many people are fearful about their economic outlook, and rightfully so.It started with rising prices for groceries, which were blamed on supply chain shortages. Then gas prices skyrocketed, and blame was put on the Russia-Ukraine war. … [Read more...] about 5 Ways to Keep Financial Stress Under Control
Photo by Brett Sayles from Pexels So, you probably have heard that the US Federal Reserve Board is raising the interest rate for the first time in three years (well, unless the only news you care about these days is Kanye, Kim, and Pete). All the financial news outlets reported the Feds raised the interest rate today by a quarter percentage point.Policy watchers expect … [Read more...] about What Does the Federal Reserve Interest Rate Hike Mean for Your Personal Financial Recovery?
Being broke and struggling to pay bills is not a welcome feeling. Putting a budget chart together is necessary in these tough financial times. You need it to help you keep track of our expenses, curb unnecessary expenses and pay bills. Whether you use a computer program or an old-fashioned poster board to create your budget chart, it is addictive. It gives you a sense of … [Read more...] about How to Use Budget Charts to Cut Your Expenses and Save Money
Budgeting comes with many advantages including the ability to manage money effectively, avoiding impulse buying, organizing your savings and expenses, among others. However, many people are unable to stay within their budgets for different reasons. If you are unable to stick to your budget, the good news is that there are simple strategies you can use to … [Read more...] about Are You Struggling With Staying On Budget?