Having a good credit score can make your financial life easier. Yes, you can live with a poor credit score, but it’s going to make some things more challenging. Whether you’re on a debt-free journey to help boost your credit score or are trying to find motivation to maintain your good credit score, here are a few reasons why having a good credit score is beneficial to you. Lower Interest Rates When you borrow money, the interest rate you receive is largely tied to your credit score. Read on →

Studies show that 64% of American adults report money being a significant stressor in their lives. What’s even more alarming is that 34% of adults described their financial situation as “just getting by.” These statistics show how important financial literacy is and the significance of teaching the next generation better ways to manage their finances. At the age of 5, children begin understanding concepts about money. The earlier these lessons are taught, the better-equipped children will be with their money as they grow into adulthood. Read on →

We all want to be financially stable and reach our financial goals, but it isn’t always that easy. Setting a goal is as simple as deciding what you want to happen, but actually accomplishing it is another story. So, how can you set financial goals that you can realistically accomplish? With some planning, motivation and regular reminders, your financial goals are sure to be within your reach! Make Clear Goals What do you want to accomplish with your money? Read on →

The average American carries $26,621 in consumer debt. If this statistic sounds familiar, it may be time to focus on paying off debt. Unfortunately, there aren’t any shortcuts when it comes to paying off debt. In reality, we aren’t reinventing the wheel here. Like any other financial goal, debt payoff requires commitment, a level of discipline and time. When you’ve decided to take the plunge into financial security, here are our top tips for paying off your consumer debt once and for all! Read on →

Trying to save money on a small income can feel like a cycle that never ends. You intend to put money aside at the beginning of the month, something comes up and because you don’t have the money in an emergency fund beforehand, you end up using any spare money towards everything other than your savings account. Sound familiar? It can feel frustrating trying to save on a small income. Read on →

If you haven’t yet created a household budget, now is the time to do so! A budget serves as a guideline so you stay within your spending limits and put money into savings for an emergency fund. Making a budget can seem overwhelming at first, but it doesn’t need to be. With these simple steps, you’ll be on your way to creating a realistic budget for your household in no time. Read on →

Redecorating your space doesn’t have to come with an expensive price tag. Thankfully, there are many options that can spruce up your home while flexing your creativity muscle. Before starting any redecorating project, think about what you want the space to be. What is the function of the room? If it isn’t living up to the current expectation, that is the first place to start. If you’re just looking for a new vibe from the room, you can decide which direction you’d like to take the decorating process. Read on →

St. Louis is chock-full of organizations that benefit the local community in many ways. Check out these four causes that are making a difference today. St. Louis American Foundation This foundation provides scholarships and grants to local students. Since its inception in 1994, the St. Louis American Foundation has provided $11 million in scholarships for minority students in the area. In addition to scholarships and grants, the St. Louis American Foundation runs community recognition events to salute local excellence. Read on →

Everyone experiences times when money is a little tight and being cautious of spending is a necessity. Sometimes this occurs when the price of living increases, or maybe your income changes. When you need help stretching your money further, these tips can help you continue to live comfortably without breaking the bank. Small Changes Can Add Up A huge life overhaul may not be required when you need to make your dollar stretch further than before. Read on →

Experts agree that children should have an account dedicated to saving money. If you are unsure if you should open a savings account for your child, or where to start, read on to learn more about the options available. Saving Money = Solid Financial Foundation Every person, regardless of his or her age, should have a savings account to continually add to. Kids are no exception! Even before they get a source of income, kids can use a savings account. Read on →