We are used to hearing plenty of chatter surrounding interest rates: Will they be raised? Be lowered? But behind those interest rate decisions is another integral part of monetary policy: bank reserves. Bank reserves are funds that big commercial banks hold in accounts at the Federal Reserve. They are a key tool in influencing interest […]
Summary: In this video, Christa Hudak, CFP®, ChFC®, CKA®, Cofounder and President of CoCreate Financial, explores an important but often overlooked part of financial health: knowing where your money is actually going. She outlines out a simple exercise to track your expenses for a small period of time so that you can see clearly where […]
Summary: In this video, Matt Hudak, AAMS®, CFP®, CEPA®, builds out a sample "Financial Architecture", which is a practical system for organizing your money so that it functions to support your goals. He explains it like a reverse budgeting approach that prioritizes directing income into the right financial "buckets," including cash reserves, debt repayment, retirement […]
The first half of the year has reminded us that the stock market rarely grows in a straight line. It has reacted to changing economic data, rumors about the future of interest rates, geopolitical events (war, changes in international trade policy/preference, etc.), Congress’s inability to function, and continued drama around investing in artificial intelligence. In […]
