Finances are among the leading stressors of modern-day life so it's important to get a clear understanding of how it guides our decisions. You may have been telling yourself the same scripts about your capabilities when it comes to your finances. The thing is — these beliefs may not be reality. Here are a few common money myths people tell themselves.

If you’re trying to set financial goals, one of the most immediate decisions you’ll probably be confronted with is deciding between savings vs. investing. There’s a lot of conflicting advice out there when it comes to how to prioritize your money. The truth is, you can do both saving and investing at the same time, but you’ll want to do so strategically so that you have your money available when you need it.

Here are some scenarios to help you get an idea about whether to put your money in a savings or investment account.

There’s a lot of mystery around credit scores, and while credit scores do matter in certain situations, most of the time, you can and should stop freaking out about your credit score.

There are many different reasons you might be looking to re-evaluate the terms of your student loans. Are you looking to lower your monthly payment to help manage cash flow? Are you looking to lower your interest rate? Maybe you are even looking to reconfigure your loans so your co-signer can be taken off the bill. No matter what’s led you to the decision to rethink your student loans, you’ve probably come to the same fork in the road: debt consolidation versus refinancing.

The summer should be an opportunity for teachers, and other school employees, to relax! No more grading papers and tests, no more lesson plans to write, and thankfully, no more asking students to turn on their cameras for Zoom class. But as much as you were looking forward to the last day of school, if you aren’t financially prepared for the summer, you’ll just as quickly start counting down days until the first day of school! So if you’re a teacher, what can you do financially to prepare for the summer to make sure you get the break you deserve?

New year, new salary! According to the Economic Policy Institute, nearly seven million people are starting 2020 with a raise. The rise comes from a higher minimum wage across 22 states nationwide.

If you’re starting the year with a bigger paycheck — congrats! Before getting too late into the year, it’s smart to set yourself up for financial growth success throughout the year by taking a few simple steps. Here are a few ideas on what to do after getting a raise at work.

The end of the year is a great time to reflect on your finances and you’ve interacted with money — whether in healthy or unhealthy ways. To help you define your 2020 money mantra, the team at The Gym offered their top suggestions going into the new year.

Interest rates today are lower than in the recent past. This could spell good news if you’re looking to borrow money but might not be as great for your savings. A lower interest rate could mean slower growth for your personal savings, which can negatively affect your financial planning timeline. 

When navigating changes in interest rates, many people look for new and different ways to save. You’ve worked hard for your money, so don’t let dropping interest rates stop you from making the most of it. Not sure how to save money with interest rates today? You’ve got options.

Before we get started, let’s clear up what exactly federal interest rates are and how they affect high-yield savings accounts. 

Every year in the United States, about 2.2 million people go to college. College for many people signifies the beginning of a journey of firsts: the first time living away from home and all the responsibilities that come with that, going on college spring break, joining Greek life, etc. 

For many people, all these experiences are what make up their college careers, however, all of these things come with a big price tag. Here are five tips to help you make the most of your college years without going broke.

Using these five savings account calculators you can see just how much you need to save to reach your goals. Whether it’s saving for a vacay to Cabo or preparing for a baby, paying off debt or saving for a down payment, these simple savings calculators can help you understand where you’re at and what you need to do to reach your goals.