Do not panic! As long as you have less than $250,000 in your FDIC-insured bank account (<$500,000 in a joint account) your money is safe. By keeping your money in your bank you’re doing your part to avoid making the problem worse, by not creating a bank run.

We know that money is one of the top sources of anxiety among Americans. Paying bills on time, tackling student loan debt, supporting a family-- all of these tasks (and more!) can be very daunting and overwhelming. We’re here to tell you that it’s okay if you’re feeling stressed. You’re most certainly not alone-- and we have a few tips that might help you.

More and more people are talking about and bringing attention to the gender pay gap. This is fantastic and we need to keep talking about it until all women are paid equally & equitably for their work when measured against their co-working men. But there is another gender wealth gap that isn’t getting the attention it needs, which is the investing gap!

High yield savings accounts have a major advantage over your typical savings account at a brick-and-mortar bank: you can actually earn a noticeable amount of interest. But if you recently switched to a high yield savings account, you may find that this advantage comes with one small asterisk when you file your taxes this year: a smaller tax refund.

Housing, whether that is rent or a mortgage payment, is the biggest line item in most household budgets. It also takes the most time, money, and effort to change, so when you are deciding on this part of your budget, it’s worth careful consideration. But knowing how much you should aim to spend on housing can be confusing.

It’s no secret that on average, women are paid less than men. But economic inequalities extend beyond the pay gap. In fact, even though women make less money, they have to shell out more cash (often just for basic necessities) than their male counterparts. Here is a roundup of some of the ways that our economy takes a bigger bite out of women’s paychecks.

The U.S. tax code is notoriously complicated. There are professionals out there who can help you with your tax questions and quandaries, but finding the right help is a challenge in its own right. To add to the complication, there are several different types of tax professionals and there is some overlap in how they can help you. 

In today's economy, saving money has become more important than ever. With the cost of living continuing to rise, it can be difficult to make ends meet. However, there are several simple ways to save money that people tend to avoid, but they can make a big difference in your budget. 

A balance transfer card is a handy tool in your debt repayment toolbox if used correctly. This type of card allows you to move your credit card balance (and sometimes other types of loans) to a credit card with 0% interest for a limited period of time, typically 12-21 months.

Breaking or forming a habit is no easy task. Often you need to develop a habit in order to break one. Habits are elusive, they say it takes 21 days to form a habit but this is misleading, it really depends on the habit you’re trying to build and what is motivating that habit in the first place. 

Money Dates are a hot topic any time of year!

There are a lot of reasons why money and coupledom need to be a discussion. One is that when we choose to share our lives with someone, that person’s financial wellness affects us, and vice versa. Another is that having money fights early in relationships is a strong predictor of a future divorce, so we need to learn how to avoid them.

Every romantic relationship is as unique as the two people who make up the couple. There are no hard-and-fast rules about how long it should take to reach any financial milestone, but if you find yourself skipping over steps, you should dig deeper into why.

Read on for 11 typical financial milestones in a relationship.

Talking to your partner about mistakes you’ve made can be challenging, especially when you bring finances into the equation. Emotions like shame, fear, and frustration can escalate things exponentially. 

To ease the process, here are a few tips that will help facilitate a safe, productive, and even bonding experience.

While queer couples have been able to obtain “domestic partnerships” for years, actual “marriage” has only been federally recognized for a little over five years. With state recognized marriage, queer couples also have to navigate their joint finances. There are so many different ways to manage finances as a couple! Here are some tips for embarking on that journey-including lessons my husband and I have learned!

Money is frequently a stressful subject in romantic relationships and one of the leading causes of divorce. Even when finances are not a point of contention in a relationship, they can easily become an afterthought with everything else going on in life. But it doesn’t have to be that way. Working with a financial trainer will help you and your partner align on your finances and free up more time (and money) for the things you both care about.

Ever since the abolition of slavery in 1865, there has been a prevalent racial wealth gap in America. The abolition of slavery was supposed to begin an era of Black wealth in America, but structural racism has made it challenging for Blacks in America to build and maintain wealth. Structural racism is: “a system in which public policies, institutional practices, cultural representations, and other norms work in various, often reinforcing ways to perpetuate racial group inequity.

Rent is the biggest monthly expense for most people, including myself, and typically, our only payment option is writing a check or making an automatic payment out of our checking account since most landlords do not accept credit cards. Even in the rare case a credit card is accepted, a hefty processing fee is charged, which will typically outweigh the benefit of any credit card points earned.

Here at The Financial Gym, 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!). Below is a list of six things that we think you can easily cut back on (or cut out!) for a month that will substantially lower expenses, without too much of a lifestyle change. 

Are you stuck living in the paycheck-to-paycheck cycle? It’s time to build your emergency fund. An emergency fund is money you have set aside for the emergencies that inevitably come up. Your car breaks down, you lose your job, etc. But if you have no savings, getting to that first four figures is tough. It can seem daunting even. If you’re just starting your savings journey, here’s how to save your first $1,000 for your emergency fund. 

With fixed mortgage rates at their highest level in decades, adjustable-rate mortgages (ARMs) are making a comeback. While an adjustable-rate mortgage can save you money in the short term, they come with a lot of uncertainty and can cost you in the long run. Anyone considering an ARM should carefully evaluate their current financial situation, their future plans, and the details of the loan.