Last week, we discussed how young to start teaching your children the value of a dollar and how to manage it. Now, let’s focus on tips to help teach money management skills to the Young Adults in your life. For weekly insights, follow The Welch Group every Tuesday morning on WBRC Fox 6 for the […]
School started this past week for most students. One question I often get is, “When should I begin to teach my children about money?” Every child is different and matures at a different rate. Some mature very quickly, while others more slowly. Here are some basic guidelines, but you will ultimately decide when your child […]
Nearly 60% of bills that are in collection and show up on credit reports are medical-related. As of July 1, the three major credit bureaus made changes in their reporting system that could potentially boost your credit score. Experian, Equifax, and TransUnion stopped reporting medical debt that went to collections and was ultimately paid off. […]
So far this year, the Federal Reserve has raised interest rates three times for a total of 1.75%. The Fed is widely expected to raise rates as much as 0.75% in their July meeting plus more rate hikes are likely throughout the year. Why? They are trying to avoid runaway inflation by tamping down the […]
In recent weeks, we have covered topics including Financial Survivorship Basics for Couples and Financial Planning When You Find Love, Again. Today, we will discuss why it is important to consider a premarital agreement. If you are planning to get married, you need to consider the advisability of a premarital (prenup) agreement. This is true […]
Last week we discussed principles to abide by when thinking of purchasing a home. First, a quick review of the key points: Establish a cash reserve for unforeseen expenses. Prioritize your savings. DO NOT exceed 28% of gross income AFTER SAVINGS on your mortgage payment. This week, I want to discuss why renting may be […]
Online hacking/phishing scams are becoming more prevalent by the day. In addition to the volume of these scams, the hackers themselves are becoming more brazen and sophisticated in their methods, which requires a heightened sense of alert. Everyone should have their guard up, especially the elderly and those who are not experienced with technology. Follow […]
The changing of the year is often a time when folks think of making their New Years Resolutions (or other positive changes in their lives). Most often those changes usually involve fitness or money. Unfortunately, most people are not great at keeping up with their resolutions throughout the year. For weekly insights, follow The Welch […]
Summer is fast approaching, and high schools and colleges will soon adjourn. If you have not already found your summer job, now is the time to get started. You want it to be a good experience for you, and you want it to be a good experience for your employer. Here are tips to help […]