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Showing posts from March, 2020

Achieve Financial Literacy!

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MoneyTips April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? Sound financial decisions are important all year long, but most Americans never learned how to manage money or save for goals, so financial security is a bigger challenge than it needs to be. Even if you can handle the math involved — and calculators can help if you can't — things get complicated when making large (often emotional) financial decisions. Some of the most common pitfalls are described below. If you recognize any of them, you're not alone. The good news is that you have an opportunity to improve your finances and save more money. Emergency Preparedness An emergency fund is essential because you need to absorb life's surprises without making things worse. Without a stash of cash, you'll have to take... from MoneyTips https://ift.tt/2Fv0adC

Achieve Financial Literacy!

Image
MoneyTips April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? Sound financial decisions are important all year long, but most Americans never learned how to manage money or save for goals, so financial security is a bigger challenge than it needs to be. Even if you can handle the math involved — and calculators can help if you can't — things get complicated when making large (often emotional) financial decisions. Some of the most common pitfalls are described below. If you recognize any of them, you're not alone. The good news is that you have an opportunity to improve your finances and save more money. Emergency Preparedness An emergency fund is essential because you need to absorb life's surprises without making things worse. Without a stash of cash, you'll have to take... from MoneyTips https://ift.tt/2Fv0adC

Fed Announces Emergency Rate Cut To Ease Impact Of Coronavirus

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MoneyTips The coronavirus outbreak that began in Wuhan, China, in late 2019 has spread fast and caused global panic. Even the financial markets have suffered, causing the Federal Open Market Committee (FOMC) of the Federal Reserve to decrease its rate by half a percentage point in an emergency move. This sets the Fed's target interest range for federal funds at 1-1.25 percent. The unanimous decision to drop rates, announced Tuesday, was made during an urgent session less than two weeks before the FOMC's next scheduled meeting. The last time the Fed made such an emergency change was more than a decade ago, during the 2008 housing crisis. Indeed, investors recently had their worst week on the market since the Great Recession. Fears of an imminent coronavirus pandemic caused major stock indices to tumble over ten percent. According to a statement released by the FOMC, "The coronavirus poses evolving risks to economic activity." Mortgage rates have already declined s

Fed Announces Emergency Rate Cut To Ease Impact Of Coronavirus

Image
MoneyTips The coronavirus outbreak that began in Wuhan, China, in late 2019 has spread fast and caused global panic. Even the financial markets have suffered, causing the Federal Open Market Committee (FOMC) of the Federal Reserve to decrease its rate by half a percentage point in an emergency move. This sets the Fed's target interest range for federal funds at 1-1.25 percent. The unanimous decision to drop rates, announced Tuesday, was made during an urgent session less than two weeks before the FOMC's next scheduled meeting. The last time the Fed made such an emergency change was more than a decade ago, during the 2008 housing crisis. Indeed, investors recently had their worst week on the market since the Great Recession. Fears of an imminent coronavirus pandemic caused major stock indices to tumble over ten percent. According to a statement released by the FOMC, "The coronavirus poses evolving risks to economic activity." Mortgage rates have already declined s