All Categories

Roth vs. Traditional IRA - What's Better?

9/28/2023

Vincenza Vicari-Bentley, AFC
Empowering Financial Wellness Lead Program Coordinator

Both Roth IRA and Traditional IRA have their own advantages and disadvantages. The best choice depends on your current and future financial situation, tax bracket, and goals. Yes, you can have both at the same time. However, your total contributions to both accounts cannot exceed the annual contribution limit set by the IRS each year.

0 Comments

Download Your Credit Reports - Today!

9/13/2023

0 Comments

Vincenza Vicari-Bentley, AFC
Empowering Financial Wellness Program Coordinator III

One of the biggest myths about credit is that checking your credit reports can lower your credit score. It’s absolutely not true. Checking your own credit report is considered a “soft pull" which doesn’t affect your credit since you aren’t actually applying for a credit or loan, you’re just accessing your own information.

0 Comments

August Money Moves

8/2/2023

0 Comments

Welp, the Feds raised interest rates, again. Luckily there are a few ways to take advantage of higher rates. Here are my top three money moves for August.

Last month of interest-free student loans. Ready or not, payments aren’t due until October, but interest starts accruing again September 1st. That makes August the last month to throw some extra cash towards the principal balance of your student loans, Decreasing the amount of interest you’ll pay moving forward. Stay up-to-date with the Biden administration’s changes to the student loan repayment system – including the 12 month period where missed payments will not be reported, but balances will still accrue interest. If you're worried about affording your payment, the Education Department recently announced the Saving on a Valuable Education (SAVE) program a new income-driven repayment plan that could significantly lower your monthly bill depending on how much you earn. Visit the program’s website to learn more.
Navigate auto insurance inflation. Car insurance prices have risen 17% in the past year. That’s faster and higher than overall inflation. It can’t hurt to browse and compare to make sure you’re getting the best price for the coverage.
Grow your savings. High interest rates are a bummer when it comes to credit card interest and other debts, but they’re a bonus for savings. The more you deposit, the more you’ll earn. Do yourself a favor, find the account with the best rate, and move as much cash as you can into high-yield savings. It’s free money!

We've got a great webinar line-up this month - including an entire webinar dedicated to preparing for student loan repayment. Register HERE.

0 Comments

July Money Moves

7/10/2023

0 Comments

July marks halfway through the calendar year! It’s a great time to reassess progress towards your 2023 personal finance goals and consider how to best plan for what’s still to come. Here are my top three money moves for July.

Preform a mid-year budget checkup. If you’re like me and you automate all your investments, savings, bills, etc. then you’re probably due for a check-in particularly when it comes to automated subscription services and discretionary spending. Are you fully utilizing everything you send automatic payments for each month? Is spending on discretionary expenses like groceries, fast food, and entertainment still in check?
Plan a stay-cation. Conquer the FOMO, stay local, and be a tourist on your own turf. You’ll dish out less money and make memories while you continue to save for a big-ticket vacation down the road.
Take advantage of July sales. Lots of retailers advertise sales in July. Consider your back-to-school needs, holiday gift-giving budget, etc. and only take advantage of items that fill your current needs and serve your purposes.

0 Comments

Financial Literacy Month 2023

4/1/2023

0 Comments

The Utah Money Moms team is excited to bring you personal finance content that can help you stay on track with financial goals, make smart money decisions, and enjoy financial freedom during Financial Literacy Month 2023.
Here's what's coming your way this month:

FREE WEEKLY WEBINARS: Every Tuesday and Wednesday in April at Noon REGISTER HERE!
1. Make the Most of Your Tax Refund - April 11th & 12th. Are you getting a tax refund and finding it hard resisting spur of the moment purchases? It can be difficult balancing what feels necessary right now along with saving for the long term. Join us as we review our favorite strategies to help make sure your money continues to work for you and puts you in a better position for the future.
2. The Bright Side of Inflation for Your Finances - April 18th & 19th. You want to be good with your money, but you feel like you have less control because of inflation. We will provide some tips and highlight the positive aspects of inflation and what you can do to make it work in your favor!
3. Inflation-Proofing your Grocery Budget - April 25th & 26th. You want to stick to your budget so you can reach your financial goals, but continued high inflation rates are making this difficult. Grocery budgets continue to be hit hard right now with rising prices. Join our experts as they share some tried and true ways to inflation-proof your budget!
2023 FINANCE CALENDAR: Join us every week on Instagram (@utahmoneymoms) as we talk through the financial tasks for April. Download our free finance calendar HERE.
FREE PRINTABLES: Check out What is Financial Health to get started, then see Your Financial Wellness Wheel and download the free printable. Finally, check out Financial Fitness: How to Take Action.

0 Comments

<<Previous

Roth vs. Traditional IRA - What's Better?

Download Your Credit Reports - Today!

August Money Moves

July Money Moves

Financial Literacy Month 2023

TAKE A FREE CLASS!

Host a Class

amanda

Follow the fun on Instagram

AS SEEN ON

awards

stay updated!

Categories

OTHER RESOURCES

STAY UPDATED!

FOLLOW US