Tag Archives: credit

Having the Money Talk with Your Children

credit card debt

How much financial knowledge do they have?

Provided by Reeve Conover – Conover Consulting

Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial principles. Others lack such knowledge and learn money lessons by paying, to reference William Blake, “the price of experience.”

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Weekly Economic Update

Click on the image to view this week’s economic update

hands holding globe

7 Steps of Financial Spring Cleaning

7 steps of financial spring cleaning

Financial Spring Cleaning – Step 4

financial clean up step 4 with explanation

What to do With Your Tax Refund

income tax return form

Instead of just spending the money, you could plan to pay yourself.

Provided by Reeve Conover – Conover Consulting

About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1

What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save or invest those dollars, and 28% indicated they would attack their debts with the money. Another 27% said they would buy food with that cash or use it to pay utility bills. Just 6% said they would earmark their refunds for shopping sprees or vacations.2

So, according to those survey results, about six in ten people who get a refund will use it to try and improve their personal finances. You could follow their example.

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Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
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