Posts by Providence Finance Coaching LLC
Making a List, Checking it Twice Holiday Planning
As soon as Thanksgiving rolls around, it’s easy to get caught up in the hype of the holidays. The warm cozy feelings, excitement, and anticipation of the holidays make spending without thinking easy, leading to overspending, paying credit card interest, and having financial struggles in the New Year. This year, try something different and learn…
Read MoreHow to Save the Most Money Buying a Vehicle
Transportation is one of the most crucial household decisions. You need transportation, but there’s a difference between needs and wants. Buying more than you can afford and putting yourself upside down on a vehicle loan makes it hard to reach other financial goals. Today’s car prices are astronomical too. The average cost for a new…
Read More3 Ways to Boost Savings
Boosting Savings – What can you Do? Everyone should save as much as possible in today’s uncertain economy. It might seem pointless when you look at the average APY paid by banks, but the Fed increasing rates helped savers while hurting borrowers. This means you should pay off all high-interest debt as soon as possible…
Read MoreFinding Balance Between Spending and Saving
Life is short, and you want to live it, but you also need to save enough money for your future. It can feel overwhelming to balance spending and saving, so you cover all your bases. Here are five ways to give you peace of mind and help you find the perfect financial balance to enjoy…
Read More5 Ways to Prepare for a Recession
Today’s high inflation rates point to the risk of an impending recession. If you haven’t prepared your finances for the downturn the economy might make, it’s time to get yourself ready. Here are five simple ways to prepare. Here are five ways you can prepare for a recession 1.   Save an Emergency Fund An emergency…
Read MoreStudent Loan Relief Is Ending Soon in 2022: Are You Ready?
Student loan relief is making headlines again because you guessed it the government extended paying back student loans. Yep. Again. And that makes everyone wonder if the government could eventually wipe out all student loans for good. No one knows that answer yet. What we do know is that in April 2022, the government extended…
Read MoreHigh Gas Prices and Ways to Save
If you feel like you need to take out a mortgage to afford these outrageous gas prices, you’re not alone. Yep, we all miss the cheap gas prices from the quarantine days of 2020 back when we had nowhere to go. Now that we’re seeing prices higher than they’ve been in years, the pain at the…
Read MoreHow to Save Money on Groceries
If you feel like the price of groceries has gotten out of control, you’re not going crazy. Ramsey Solutions’ State of Personal Finance study found that 82% of people have noticed higher prices at the grocery store in the last three months. And they’re right. Since January 2020, the price of groceries has jumped 7%!While some…
Read MoreCan You Retire on $1 Million?
Did you know that if you had $1 million in dollar bills, it would literally weigh a ton and take you about 12 days to count it all? No matter how you slice it, that’s a lot of money! For a long time, a $1 million nest egg was the measure of retirement planning success.…
Read MoreRoth IRA vs. 401(k): Which Is Better for you?
There are some points in your life where you have to pick a side: Friends or Seinfeld? Marvel or DC Comics? Michael Jordan or LeBron James? As important as those questions are for you and your friends, there’s one debate that could actually have a huge impact on your future—your retirement future: Roth IRA or 401(k) . . . which…
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