*Field Required
It's time for many Americans to decide on their vacation destinations, although fewer are headed to expensive, exotic destinations than in 2024. Consumers are concerned about continued economic volatility and possible overseas conflicts. However, would-be homebuyers are enjoying an increasing number of properties to choose from, as more sellers are entering the market and even lowering their asking prices.
REACH YOUR GOALS
The Year of the Great Decide
Earlier this year, a national investment firm conducted a survey they dubbed "The Great Decide". Over 2,000 respondents shared their financial concerns and plans for 2025 and beyond.
Many consumers are already feeling the stress of possible tariff-related price hikes, even though inflation has actually cooled and interest rates are seeing less volatility. However, many Americans are being proactive with their budgets in a variety of ways. For example, more consumers plan to dodge tariff pricing by purchasing locally-made goods and switching from retail stores to eBay and similar markets.
REACH YOUR GOALS
The Return of the Buyer's Market?
After years of sparse property listings, would-be buyers are finally seeing more FOR SALE signs. This is translating into more opportunities, especially in some warm-weather states.
April brought a mix of financial headlines—from new global tariffs to shifting trends in home financing. But don't worry, we've sorted through the noise to bring you practical tips and timely insights. In this issue, we're covering mortgage options for self-employed buyers, how to choose the right dental insurance, pet-friendly travel trends, and what tariffs could mean for your wallet. Whether you're planning your next move or just keeping an eye on your finances, there's something here for you.
REACH YOUR GOALS
Mortgage Planning for Self-Employed Borrowers
Qualifying for a mortgage when you're self-employed doesn't have to be a pain. It all comes down to organization. Whether you're self-employed, commission-based, or a full-time or hourly employee, lenders are all looking for the same thing when you apply for a mortgage: a high likelihood you will be able to pay.
Springtime often comes with unpredictable weather, which also describes our current financial and economic outlook. Proposed import tariffs for China, Canada and other countries may result in increased prices across the board. These and other concerns resulted in the Federal Reserve's recent decision to keep current interest rates unchanged.
REACH YOUR GOALS
A New Strategy for Managing Financial Stress
There are plenty of reasons for money-related stress these days, with sticky inflation and higher interest rates causing many Americans to acquire debt. Unfortunately, it also contributes to a potentially life-threatening condition: stress. Recently, the American Heart Association reported that 82% of us are stressed about money.
This month saw the return of something we all hate: inflation. The Consumer Price Index went up by 0.5%, which was its biggest increase since summer 2023. This brought overall inflation up to 3%, which means that the Federal Reserve will probably postpone any reductions in interest rates for the foreseeable future. Recent changes within the Consumer Financial Protection Bureau (CFPB) are also causing concern within consumer advocacy groups and the banking industry, although for very different reasons.
REACH YOUR GOALS
Are You Saving Too Much for Retirement?
Saving for our retirement is the #1 financial priority for Americans, with over half of us putting away at least 9% of our annual income for it. However, quite a few of us are actually overdoing it.
February is the perfect time to check in on your financial goals and make sure you're staying on track for the year. Whether it's budgeting smarter, saving more, or planning ahead, building strong financial habits now can set you up for success all year long. In this edition, you'll find practical tips and tools to keep your financial fitness in peak condition. Let's get to it!
REACH YOUR GOALS
How To Think Wealthy If You're Not Into Numbers
If you've been avoiding investing, you're not alone. Nearly half of America's adults report owning no investable assets, according to a 2024 survey. However, it isn't because they don't have the funds: it's their mindset that's holding them back. Investing seems too complicated to consider, which isn't surprising as math is not a popular subject for students.
There may be some positive things for potential homebuyers during 2025, especially more properties for sale. Shopping's always less stressful when you have more choices, and homes are no different. Lastly, when you're finished unwrapping gifts, you may want to spend an hour or two making a list and checking it twice...especially one for your 2024 taxes. If you need help, scroll down to check out our links to free tax guides and checklists.
REACH YOUR GOALS
New Year's Resolutions for Your Money
While some of us still resolve to hit the gym every New Year, most of us go for better money management. Research found that over 50% of us plan to set new money goals for 2025.
With the 2024 elections behind us, quite a few are reconsidering their plans for buying or selling a home. While rates are still higher than many of us would like, there are still plenty of rate-reducing strategies available for first-time and move-up buyers alike. Retirement savings options recently improved, and you can learn how to maximize both 401(k) and Social Security retirement income here.
REACH YOUR GOALS
Can Financial Planning Really Be Life-Changing?
When you think about financial planning, chances are it's not an exciting proposition. However, it could be a truly life-changing event if you take a few minutes to envision the possible results.
Even though the 2024 holiday season is still a few weeks away, plenty of us have already begun our shopping. Since estimates suggest that we'll spend around 3% more than we did in 2023, you'll want to check out our story on planning a gift budget before you hit the stores or surf the Web. Gift shopping may be the only major economic activity many of us choose for the rest of the year, as interest rates seem to be stuck in place for the time being, and early voting has just begun for the November presential election.
REACH YOUR GOALS
Mortgage Review: Take Advantage of Improving Interest Rates
The Federal Reserve is lowering interest rates, and now is the perfect time to take a fresh look at your mortgage. A quick review could yield lasting benefits, especially if you have purchased a home in the past few years or need to tap into your home equity.
