America is getting older. With 10,000 people turning 65 each day, both they and their families will be faced with some new challenges. Sure, we’re familiar with the common struggles. Adjusting to retirement, healthcare, transportation, and so on. However, another…
On a recent episode of the podcast, Pete and I discussed alternatives to the “cash envelope” method of budgeting. If you’re not familiar with the ol’ cash envelope system, I’ll explain. First, you’ll get a few envelopes and write different…
Why pay more when you could pay less? It doesn’t seem logical and yet many do this when taking on debt. Even when lower cost borrowing alternatives are available, often consumers prefer using high interest rate credit cards. I…
In a 2018 research study of American household’s financial lives, 15% of the adults surveyed were “workplace-only investors.” That is, they invested in stocks and bonds, but only through their workplace retirement accounts. What the survey found was that these…
We need to talk. If you saw Pete’s article for the Indianapolis Business Journal (here), you may have been confronted with a reality you hadn’t considered or didn’t want to confess. For a great number of people, including some…
I very much hope that you have an emergency savings account. I recognize that not everyone does, but if you do… Let’s talk. There is an interesting area of behavioral economics research that suggests that when some people face…
We frequently answer questions regarding the Economic Impact Payments (EIP), or stimulus checks. In order to provide you an easy to access resource, we’ve compiled a number of those questions and answers here. If you have additional questions that aren’t…
Well, here we are living life during quarantine. Watching way too much TV and eating far too many carbs. But we also have the opportunity to use some of this new-found free time to improve our financial well-being, taking care…
Dear Pete, My husband and I are wanting to purchase our first home. We are 58 years old and are concerned that we are too old, and will have a hard time getting a mortgage. Should we buy or continue to lease?…
You’ve heard stories about the wealth gap, the gender pay gap and even the income gap at large, but now due to a recent credit scoring change, you may officially live in the world of credit score gaps. Fair Isaac, the…