Navigating Inflation: Summer 2024
As summer heats up, families all over the country are feeling the effects of inflation. Here’s what’s happening and how we can tackle it together:
> The Issues <
Rising Prices ↗️
>> Inflation erodes purchasing power, making everyday essentials more expensive. Families are feeling the pinch as prices for groceries, gas, and housing climb steadily. Stretching budgets to cover these increased costs can be challenging.
Debt Burden 💰
>> Higher inflation often coincides with rising interest rates. Families with existing loans—whether for homes, cars, or education—are facing increased debt burdens. Balancing loan payments with other expenses becomes a juggling act.
Savings Erosion 💵
>> Savings accounts struggle to keep pace with inflation. Families who save may find their hard-earned money losing value over time, undermining their financial security and long-term goals.
> The Solutions <
Financial Education 📚
>> Empower yourself with knowledge! Our partnership with BALANCE provides free access to expertly-crafted financial education and resources. BALANCE offers debt and budget coaching, credit report review, and more. Visit their website here or call 888.456.2227.
Loan Refinancing 💲
>> Lowering your loan rate and monthly payment can save you money. Fill out our Refinance Form here and we’ll analyze the numbers. No pressure—our goal is to alleviate financial stress and improve your well-being.
Emergency Funds 🚨
>> Be prepared for unexpected expenses. Regularly set aside a portion of your income. Even small contributions add up over time and provide peace of mind. To open a savings account, apply here, find a local branch, or call 800.877.4444.
Remember, financial well-being is within reach with informed choices and practical steps!