Tag: debt

Saving for a New Home Purchase

August 20, 2021
Finance

2020 was an unprecedented year in recent memory to say the least. The pandemic drove a number of trends, including younger Americans storing away cash like never before and a white hot housing market. As older millennials started families amid the backdrop of the pandemic, demand has surged for younger...

Federal Student Loan Relief Is Ending

July 22, 2021
Finance

Here’s a rude awakening if you are one of the millions of millennials that financed part of your college education with help from the government: federal student loans currently on pause will come due starting in May 2022. Of course, there are a lot of discussions currently going on in Washington...

5 Smart Ways To Use Your Monthly Child Tax Credit

July 12, 2021
Finance

ICYMI the IRS is rolling out Advance Child Tax Credit Payments starting on July 15th. Normally, If you have any qualifying children under the age of 18, you would be able to potentially claim the annual Child Tax Credit when you file your taxes. This year, unless you decide to opt out, the IRS will...

How Does a Credit Score Work?

June 12, 2020
Finance

By Mack Bekeza, CFP® A question I have been asked about lately is, how does a credit score work? If you are someone who is currently in debt or is considering opening a line of credit, you might want to read this! Why is it important to know your credit score? Knowing your credit score is essential...

Should you Finance your Car?

May 15, 2020
Finance

By Mack Bekeza, CFP® Thinking about buying a new car…or at least a car that is new to you? Should you even finance a car purchase in the first place? This question has been a hot topic for a long time and for good reason, car buying is fun, especially if you have your eyes on a nice car. You know...

How Can You Prepare for being Furloughed or Laid off?

May 7, 2020
Finance

By Mack Bekeza, CFP® With multiple states beginning to “reopen” their economies, many are worried about the possibility of being furloughed or even laid off. So in times such as these, what can one do to prepare for something like this? Before we dive in, what is the difference between...

Student Loan Relief During COVID-19

May 3, 2020
Finance

Student Loan Relief During COVID-19 By Mack Bekeza, CFP® With COVID-19 wreaking havoc in more ways we can imagine, one of the biggest fears some people have is their student loans. Fortunately, if you have student loans directly held with the Federal Government (commonly referred to as a Federal Direct...