Street$marts

What is an Emergency Fund & Why is it needed?
An emergency fund is a sum of money that is saved specifically to cover negative financial surprises. These unexpected events can potentially be expensive and highly stressful if not prepared for adequately. Some of the common emergencies that people face are the loss of a job or reduction in household income, a medical emergency, immediate unexpected home repairs, or the need for a new car. Without an emergency fund in place, a financial hardship may mean resorting to less optimal ways to secure the funding – like tapping into a retirement account early or paying a higher interest rate for a personal loan. It’s important to be

Hi, I’m Brian, Chief Investment Officer at Howe and Rusling Wealth Management. Today I am going to talk about interest rates. Interest rates play a pivotal role in both the economy and in people’s lives, influencing a wide array of financial decisions. Interest rates can fluctuate for various reasons, including changes in inflation expectations, economic growth projections, and central bank monetary policies, which in the United States, is the Federal Reserve.