Author: Erin Kynett

When most people think about an “emergency fund,” they equate it to money put aside for financial emergencies or unexpected expenses. While this might be the primary purpose, these funds hold much greater value in your overall financial health.  Being unprepared for financial hiccups, such as a sudden job loss, unplanned medical bills, or other surprise costs, can domino into additional challenges. A well-intentioned and planned emergency fund equips you to handle setbacks better and steer clear of costly alternatives, such as payday loans.   In this article, we’ll outline why an emergency fund is so critical to your overall financial…

Improving your financial position often starts with cutting costs. After all, the less you spend, the more you can save. While this is sound advice, there’s a bigger factor at play when it comes to long-term wealth: your earning potential. In an ever-changing economy, the value you deliver can determine whether you thrive or struggle.   The past two decades have been a testament to this reality. The Great Recession brought widespread layoffs and financial uncertainty. Just as the economy began to recover, the COVID-19 pandemic brought a new wave of layoffs as entire industries were reshaped. Then, inflation surged, driving…

Life is full of dreams – whether it’s renovating your forever home, funding your child’s education, starting a business, or finally booking that once-in-a-lifetime vacation. But let’s be honest, turning those dreams into a reality can often feel impossible when you consider the time and effort required to save up the necessary money.   Here’s the good news: if you’re a homeowner, you have a powerful tool at your fingertips – a Home Equity Loan. This unique financing option allows you to unlock the value in your home to fund your goals affordably. So, why put your dreams on hold when…

When it comes time to purchase a vehicle, you have several decisions to make. You not only have to select the vehicle’s make and model, but you also have to decide if you’re going to buy a new or used car. This alone is a crucial decision and could make a significant difference over the next few years in your finances.  Let’s review the pros and cons of buying a used vehicle, and what to look for when you’re in the market for one.     Pros of Buying a Used Vehicle  Some advantages of purchasing a used vehicle include:  You’ll…

January has always been a month of reflection and a time to start fresh. The holidays pass, routines return, and many of us start thinking about what we want the upcoming year to look and feel like. Financial goals often rise to the top of those lists because money is tied to our sense of security, opportunity, and peace of mind.  Financial confidence isn’t something that appears once you reach a certain savings balance or pay off every credit card. It’s something you build. It comes from having a clear picture of your finances, a sense of direction, and small systems that help guide…

New Year’s Day marks one of the most popular moments when it comes to setting goals. Resolutions allow you to start the year off with personal improvement on your mind, giving you something to strive for in the months ahead.  One of the most popular goals people set is improving their financial situation. The challenge with financial goals is that they are usually longer term, meaning it’s often difficult to stay motivated when the prize is so far away.   In this article, we’ll provide tips on how to break longer-term goals into bite-size pieces to significantly improve your odds of…