Senate Cents: A Financial Wellness Blog

Better Savers Spend Less Money on These 3 Things

Published: March 17, 2021

Reducing spending in three common budget categories may significantly boost your ability to save money. And a small mental trick could help you stick to an ongoing savings plan. Those are the findings of two studies investigating the spending habits of better savers and the psychology of saving. Here's how to apply these habits to your own budget.

9 Things to Know Before You Refinance Your Mortgage

Published: March 9, 2021

While many homeowners may be incentivized to restructure their finances by low mortgage interest rates, the decision to refinance your mortgage should be made based on your personal financial circumstances; this week's mortgage rates should not be the deciding factor on whether or not you refinance. There are nine key considerations to review before applying for a home refinance.

How to Jumpstart Your Savings at Tax Time

Published: March 3, 2021

Watch this video for two ways you and your family can make the most of your tax refund.

Understand the Changes in the 2020 Tax Year to Maximize Your Savings

Published: February 22, 2021

Tax year 2020 brought changes that affect individuals and families. Learn how the new rules can help those saving for education and retirement.

How to Set Financial Goals

Published: February 3, 2021

When you are just putting money into the bank on a regular basis, it can be easier to withdraw it for various reasons. You can easily overspend and use some of the money you had earmarked for savings. For these reasons, it is important to save for a specific target or goal. You may be working toward several objectives at once, or you may be focused on one specific goal that you want to meet.

How to Craft Smarter Money Goals in 2021

Published: February 3, 2021

Setting money goals in 2020 was likely an exercise in futility. Maybe you'd been saving for a trip abroad, but the pandemic kept you at home. Or you wanted to save up for a down payment on a house, then the recession left you out of a job. Although the pandemic is still part of our daily lives, the new year offers an opportunity to craft fresh money goals and perhaps the trials of last year can help you clarify your financial ambitions.

Members' Voice Testimonials

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