While $10,000-$20,000 in federal student loan cancellation is welcome news for many borrowers, those with larger balances—particularly approaching or exceeding six figures—may feel underwhelmed by the assistance. Fortunately, the Biden administration’s announcement on student loans included provisions that have
Have you ever received a notice from your credit card company informing you that your credit limit has been cut? It happens more often than you’d think. For some people, this is a minor inconvenience. For others, it makes
If your job gave you a raise next week, what would you do with the extra cash? Would you order the most expensive wine bottle in your celebratory dinner? Go on a shopping spree and buy things you never
When it comes to figuring out how to build credit, you might already know that a credit card can be a powerful tool in strengthening your credit profile. If you’re relatively new to using credit cards to build credit
With the stock market recently finishing off a 7-week downward spiral toward a full-on bear market, investors have been scrambling and prices have been rising. You have probably heard of—if not already been feeling—the effects of inflation. Inflation increases
The racial wealth gap is well-documented: the average Black household has a net worth ten times less than the average white household. Also, Black households hold only about 3% of the country’s wealth despite making up close to 16
It’s Pride Month — a time of year when companies rightly celebrate their LGBTQ+ employees. However, many employers are missing out on ways that they could be supporting their queer and trans employees, especially when it comes to their
Despite the economic challenges of rising inflation and the slipping stock market, a high yield savings account is the best place to store cash you might need in the next year. If you are ready to take the plunge
After the last major economic downturn, hearing that the next recession might be around the corner (or already in our midst) can feel unsettling. Despite the buzz of impending recession fluttering across the media, the reality is that so
Here at The Financial Gym Advisors, we are all about making small changes that won’t impact your day-to-day life too much, but will impact your budget (for the better!). Many of these changes have positive effects outside of their
The holidays are known to be the season of giving, but don’t let the joyous time of year lure you into a false sense of security. During the holidays, potential scammers have tactics that continuously change to catch unsuspecting
The holiday season is in full swing, giving you a chance to bring joy with a well-thought-out gift while also making an impact in your community.
Big box stores and e-commerce retailers may dominate the advertising space during the
One question our trainers always receive is “what is your favorite podcast?” Many of our trainers are avid podcast-listeners and love listening to new podcasts-- so much so that we even have a whole slack channel dedicated to our
The first question I get when I meet new people is typically “What do you do?”
My answer, of course, is that I’m a Certified Financial Trainer with The Financial Gym Advisors. But that usually prompts the next question,
When winter hits, so do the unexpected expenses. From sudden home repairs like frozen pipes to purchasing seasonal gifts or booking expensive flights to visit family members, winter expenses can add up fast. It can be hard to know
It seems to be baby season. We’ve already had a FinGym baby this year and there is another on the way!
We often get questions from new or soon-to-be parents who want to know the best way to save
This post is part 4 in a series on responsible investing coming out this month. In this series, we’ll break down the basics and help you learn about socially and environmentally responsible investments and how you can take part
There is a maxim in investing that we at For What It’s Worth (FWIW) have come to embrace: “All investing has an impact —the question is whether it is positive or negative.” Over the last decade, there has been
This post is Part 2 in a series on responsible investing coming out this month. In this series, we’ll break down the basics and help you learn about socially and environmentally responsible investments and how you can take part
It’s Retirement Month at The Financial Gym Advisors, and we’re kicking off the month with a retirement guide for beginners. Since it’s a big topic, we’re breaking it down into several parts, and this is part one, where we’ll
Rest assured, Financial Friend, you are not alone. Last weekend alone 3 meetings popped onto my calendar with descriptions like “Impending financial downfall,” “Save me from myself,” and “I can’t stop spending money.” It’s not shocking that we would
