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Check back here often to get information on money management topics and other financial tips!

We each have our own unique credit history. Whether you have good credit, bad credit or need to build credit from scratch, most of us have room for improvement. Listen to April Lewis-Parks, Director of Education talk about what you need to know to make your credit better. There’s no fast lane to an excellent credit score, but responsible financial habits can go a long way toward boosting your credit wellness.
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Perhaps you have a home you’re considering refinancing. Great! First, what is refinancing? Refinancing, as it applies to a mortgage, is the paying off a current loan to replace it with a new one. But when is the best time to do so? Here’s a list of three reasons you may want to consider refinancing.

Free yourself from debt. Becoming overwhelmed by debt happens for many reasons. Some people lose their jobs. Others suffer medical emergencies, and then there are those who don’t manage their money properly. As KOFE helps you improve your money skills, it also assists you in solving your debt issues.
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Add “learning financial literacy” to your child’s back-to-school to-do list. With only a few weeks left of summer, parents around the country are heading to stores to pick up items on their child’s school shopping list. Families with children in elementary school through high school plan to spend an average of $696.70 on these items, topping the previous record of $688.62 set in 2012, according to the National Retail Federation. Back-to-school shopping doesn’t just have to be a chore — it can also be an opportunity to teach your child how to budget and spend responsibly.

Since the 2017 Tax Cuts and Jobs Act, now more than ever there is a greater incentive for donors to contemplate whether charitable planning will provide an immediate or future benefit. Donors who will benefit from this range from business owners, executives, doctors, accountants, attorneys, professional athletes and even retirees due to the new deduction limits on state and local taxes (SALT), the elimination of several other deductions, as well as the increased standard deduction.

Learn how to successfully manage your money and avoid credit problems. This guide will give you money management techniques that can put you in control of your money and help you to plan for a successful financial future.
*To learn more, click the link above to log in to KOFE or set up a FREE account using the registration code: cobalt

On Wednesday, the Federal Reserve announced that they would be lowering the federal funds rate from 2.25% to 2.0%. That quarter-point drop in interest rates may seem small, but it can have a big impact on your finances. This is the first time that the Fed has lowered the federal funds rate since the Great Recession. But what does it really mean for consumers when the Fed lowers interest rate?

If you’re a college student living away from home, knowing how to manage your money is another important skill you should be learning at school. You might be living on an allowance your parents give you, figuring out how to stretch your summer savings to the end of a semester, or getting income from a part-time job. Making your money last starts with having a budget. But making a budget doesn't have to be a tedious task.

Sometimes good things are worth waiting for. But what if they're expensive, like a college education? For many reasons, including an economy in flux, people over 40 are flocking back to college campuses. In 2000 there were 857,000 undergraduates 40 and older, by 2010, they numbered 1.3 million, according to the National Center for Education Statistics. With no guarantee of a reward of a great job and student loan debt that can be $40,000-$50,000 and more, is the payoff worth the investment?

Overhauling your budget is great, but sometimes you just want to shave down your spending a little bit to make room for something more important. Summer is one of those seasons when people notoriously spend more. Between celebrating the warm weather and kids being out of school, activities become more frequent and vacation turns into a top priority.


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