How do you feel about your money? If you were one of the over 2,000 people surveyed in Personal Capital’s 2022 Wealth and Wellness Index survey, you might say that your current financial position isn’t exactly where you want it to be. The survey highlighted that fewer people are confident about their finances than last year. At the beginning of 2021, 48% of people said they felt “very … [Read more...] about What’s Your Annual Spending Report? Plus, How It Can Help You Budget Better
It’s a new year, and with it comes many hopeful resolutions. We’re used to seeing several common new year ambitions like adopting a healthy lifestyle, spending more time with family and friends, and learning a new skill. Increased financial wellness is also at the top of many people’s lofty beginning-of-the-year plans. But don’t worry; this isn’t a blog about creating a financial New … [Read more...] about Three Financial Moves You’ll Want To Say Yes To In 2022
You’re likely familiar with the saying, A penny saved is a penny earned. It sounds like the type of vague financial advice you might hear from your relatives around the holiday table. But how is that penny earning anything? If it’s stuck in a traditional savings account, likely not much since the current national average return on a savings account is 0.06%. Even my favorite high … [Read more...] about A Penny Saved Is A Penny Earned, Or Is It Invested?
What's the best part about fall? While your mind may instantly turn to pumpkin spice, light layers, and jewel-tone leaves, those lovely seasonal novelties won't impact your money too much (or so we hope)! At Gen Y Planning, the best part about fall is helping clients choose their company benefits. You might be thinking, isn't selecting benefits just an HR formality? Why spend so much time … [Read more...] about How Do I Choose My Company Benefits During Open Enrollment? An Ultimate Guide
The $1.9 trillion American Rescue Plan, passed in March 2021, brought a slew of economic relief efforts to help combat the adverse effects of COVID-19. Along with additional direct payments, an extension of unemployment benefits, growth of the paycheck protection program, among other initiatives, the plan also expanded the child tax credit. The child tax credit saw a few significant changes for … [Read more...] about How To Put Advanced Payments from 2021 Child Tax Credit To Good Use
Cryptocurrency has taken the investment world by storm. With hundreds of new "coins" bubbling to the surface, many people are wondering if they should buy into this new type of currency or if it's another investment trend that will pass. Should crypto have a place in your portfolio? A Brief History of Cryptocurrency In a nutshell, cryptocurrency is a digital currency for purchasing goods and … [Read more...] about Is Crypto Investing A Passing Ship Or Is This Currency Here To Stay?