We can’t always predict what will happen in life, but we can be prepared by saving for the unexpected. According to the most recent Federal Reserve Survey of Consumer Finances (2019), Americans on average have less than $5,000 in their savings/emergency account. Many financial institutions or professionals suggest that we should have a minimum savings […]
Save Automatically
What are you saving for? “I want more money” or “I want a vacation” are statements I repeated in my mind to nudge myself to save money. Despite my best efforts, my intentions to save fizzled. Looking back now, I set myself up for failure. My mistakes were having vague saving goals with no action […]
Updated Fair Debt Collection Act
The Consumer Financial Protection Bureau (CFPB) has updated the Fair Debt Collection Practices Act to include rules for contacting people via social media and other electronic means. These changes went into effect November 30, 2021. Summary of Updated Debt Collection Act Phone calls Under the new rule, debt collectors are allowed seven attempted calls, or […]
