Imagine that you are a refugee and have moved to a foreign country where you don’t understand the language. You don’t have a job to support yourself and your family. You aren’t familiar with the customs or the manner of conducting business. The banking system where you came from is nonexistent, in disarray, or simply different than you are accustomed to. Does the word “overwhelmed” come to mind?
Alternative Banking | Credit and Debt
I’ve worked in the financial services industry for over thirty years and I’ve seen the industry change in dramatic ways. People often ask “What is the life lesson that has impacted you the most in your profession?” The following story is my answer to that question and the bedrock for my interactions with others throughout my career:
Credit and Debt | Saving and Budgeting | Investing in the Future
Overdraft fees out of control According to an article at Time.com, businesses and households spent over $32.5 billion on overdraft fees charged by banks in the U.S. for the fiscal year 2015. That’s a lot of cash and over the years, I have worked directly with many people who were financially and emotionally affected by the fees charged by their financial institution. One in particular comes to mind…
Homebuying and Mortgages | Learn Something New
According to an article in the Burlington Free Press, “Vermont has the second highest median age in the nation," with one in six of us at or beyond 65 years of age. Some might say this makes us the second most fortunate state in the country, as our elders possess a vast wealth of wisdom, knowledge, and experience that contribute to the vibrancy and diversity of our lives and communities.
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Credit and Debt | Saving and Budgeting
Life Happens - Be Prepared The car breaks down, and you have a car crisis. The furnace hiccups and you have a furnace crisis. You lose your phone and you have a phone crisis. Compounded, you now have a financial crisis on top of the car crisis, furnace crisis, and phone crisis, which can add stress to an already overworked and busy life. What do you do now? Short-term borrowing will add an additional expense (interest) to your already frayed budget, so that won’t work.
