Recessions affect every part of life. The cost of goods and services goes up, borrowing money gets more expensive, and businesses suffer. During a recession, you may need to adjust your spending habits to stay financially secure. Read on for tips to mindfully manage your finances during periods of economic uncertainty.

If you’re in the market for life insurance, you have many options, but the most common choice is term life insurance. 

It’s often the least expensive policy and it’s the easiest to get. It’s a temporary policy so there’s a lot you must understand about how it works. Here’s what you must know about it. 

Life insurance is vital to protect your loved ones financially when you die. While no one likes to think of the worst happening, planning is essential because life is unpredictable.

Whole life insurance is a form of permanent life insurance that protects your beneficiaries for your entire life. It doesn’t expire.

Here’s what you must consider when deciding if whole life insurance is right for you.

National Financial Awareness Day is the perfect time to take stock of your finances. Do you keep a monthly budget? Only 32% of American families do and half of American households live paycheck to paycheck.

Managing finances is one of the most important—and least understood—skills. It may seem daunting, but just like any other skill, it can be learned if you put in the work. Financial literacy is more than just knowing how to save money—it's also knowing what to do with it. 

This year, celebrate National Financial Awareness Day by taking the first steps toward financial literacy.

Many people have specific financial goals (e.g., filling a rainy-day fund, buying a house, paying down debt, or starting to invest), and most of these goals involve saving money. If you are struggling to put money away for your financial plans, reducing your spending may be necessary. Consider these tips to help you cut expenses and build your savings to facilitate your future financial plans.

Do you want to get on a budget but don’t know how? You look at your income and expenses and your head just spins. How do you know where to budget and how?

Money can be a big challenge for relationships, especially for couples on a budget with limited income or a lot of debt. Overwhelming debt, lack of communication, and financial secrets can lead to arguments, guilt, finger-pointing, and resentment. Here are the steps to help.

Understanding what a budget is, what it can do, and how to build one together can help couples address problems in a healthy, positive way as they work toward mutual financial goals.

A budget is simply a roadmap for dividing household income into expenses (including mortgage, groceries, and discretionary spending). Building a budget together means agreeing on the roadmap and helping each other stick to it.

The millennial generation has grown up in an era dominated by rapid changes in the economy. In recent decades, the responsibility of saving and investing has been largely delegated to individuals, as opposed to previous generations where this was mainly the role of governments and employers. Improved standards of living have also translated to increased life expectancies among millennials. The implication of this is that young people today have to make sound financial decisions to achieve financial security in retirement.

Are you expecting a tax refund this year? What if instead of spending the money before you even have it in hand you use it to improve your credit?

If you have poor, fair, or even average credit, your credit score could use a boost and your tax refund could be the perfect way to make it happen.

Here’s how to use your tax refund to improve your credit score.

From emergency funds to retirement accounts and everything in between, it can feel impossible to save enough money each month. Even if you make more than enough money to make ends meet, you might wonder if you’re ever saving enough. While there’s no cut and dry answer as to how much you must save each month, we’ve created a guide to help you determine what’s right for you.