We Are In A Recession, Now What?

So the Feds are about one emergency meeting away from calling our current state of things an official recession. They announced Sunday March 15, 2020 that rates will be dropping to near zero. The Federal Open Market Committee (FOMC) lowered the federal funds rate to a target range between 0-0.25 percent. It’s the largest emergencyContinue reading “We Are In A Recession, Now What?”

0%APR-The Only Time You Should Finance A Car!

When we choose to finance a car, we are telling ourselves a number of things. First, we are saying to ourselves that we want something expensive, but may not have the ability to buy it cash. Second, we are say that paying for it over time while throwing money in interest at the bank isContinue reading “0%APR-The Only Time You Should Finance A Car!”

Does FICO’s new scoring model affect student loans or mortgages?

You will soon see a change in your credit scores. Expect these changes to go into effect summer 2020. For some, scores will take a dive, while others will rise. The new scoring model does not target people with existing mortgages or student loans. It instead targets your payment habits, with credit cards in particular.Continue reading “Does FICO’s new scoring model affect student loans or mortgages?”

5 Lucrative Ways to Spend Your Tax Return

DETERMINING YOUR REALISTIC NET WORTH Before we get started on our strategy for maximize the use of our tax returns, let’s get a baseline understanding of net worth. In a nutshell, your net worth is really everything you own of significance (your assets) minus what you owe in debts (your liabilities). Assets include cash and investments, your home and other realContinue reading “5 Lucrative Ways to Spend Your Tax Return”