The Super Mario Bros. Movie (2023) may go down in history as one of the most-loved video-game-to-big-screen adaptations, but did you know that it also holds valuable financial lessons? Beyond the Mushroom Kingdom, Mario and Luigi’s journey provides insights that can be applied to our own personal finances. From budgeting wisely to navigating unexpected challenges, the adventures of the Mario Brothers offer a surprisingly relevant and entertaining guide for managing your money. So, let’s power up our personal finances and…
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January is a great time to create a financial checklist for yourself and set a plan for how you can better prepare for the year ahead. This checklist will help you create a better plan of realistic goals for the short-term and long-term. While it is great to have a checklist in place, you also need to keep in mind that plans change, and the world is full of uncertainty. It is important to find peace with the fact that…
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Inflation is one of the most familiar and easily definable economic topics to anyone who has watched the decrease in the purchasing power of their money. Put simply, inflation is a general increase in prices of goods and services over time. What causes inflation? Inflation can be caused by numerous factors, but the two primary types of inflation are demand-pull inflation and cost-push inflation. Demand-pull inflation typically occurs in a time of economic expansion. During these periods of growth and…
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There are a number of financial management tools and resources available to help make the goal of improving finances an achievable undertaking, whether viewed as a New Year’s resolution or a consistent, long-term objective. If you’ve resolved to improve your finances in the new year, consider these money management and resolution tips from U.S. News & World Report. 10 Tips to Improve Your Finances in the New Year Identify your financial goals – Whether you’re planning to buy a home,…
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Did you know that the easiest and most effective way to save is automatically? It’s how millions of employees save through 401(k) and other retirement programs at work. It’s also how millions of Americans save at their bank or credit union. It’s a great way to build wealth and financial security, and it’s easy to set up! How to Save Automatically Every month, have your bank or credit union transfer a fixed amount (like $25, $50 or $100) from your checking…
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Every year, the middle of April marks the end of the federal tax return filing season. For many Americans, that can mean seemingly endless forms, paystubs, and other paperwork. However, tax time can also be a unique opportunity for saving for your future! You can maximize tax time in three easy ways and have your tax refund work for you. Put your refund into a saving account For people claiming some of the unique tax credits that benefit hardworking families…
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6 ways to prepare for retirement
Life Goals Money Management Spending/Saving
Planning for retirement can be daunting, leaving even the most-prepared individuals feeling anxious. In an Ohio Credit Union League 2018 consumer survey, 92 percent of respondents said they had at least one major financial concern about retirement. A majority of the survey’s respondents, about 74.6 percent, don’t plan to retire from full-time employment in the next five years, if ever. Ohioans’ financial fears surrounding retirement vary. Most, 27.5 percent, fear they won’t have time to save what they need. Another…
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Feeling financially unwell can affect more than just consumers’ wallets. In a study from the American Psychological Association, nearly 72 percent of American adults reported feeling stressed about money at least some of the time, and nearly a quarter said they experienced “extreme stress” about their financial situation in the past month. Stress at that level isn’t healthy. Chronic stress can cause headaches, weight gain, and even heart disease, according to the Mayo Clinic. The American Psychological Association also pointed…
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A: An IRA can be opened in a few simple steps, and the process can go especially quickly once you find the right provider for your needs. You can complete the whole process online. IRAs are important tools for saving for retirement, but many people mistakenly think an IRA is an investment itself. Instead, it’s an account that holds your investments. Here we’ll walk you through the process of choosing an IRA provider and opening an account, step by step. 1. Determine what…
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