Financial to-dos take a while to carry out, and they are often mentally challenging too. I like to pick one “to-do” at a time to work on. With kids back-to-school and the tree leaves starting to rustle with dryness, now is a great time to set your financial to-do project.Which of the following is a...

You can teach something, but the doing is different. I’ve done workshops on choosing housing options as we age. I’ve even helped create a website about it! But I viewed the process through a different lens when recently helping my parents choose a continuing care retirement community.A continuing...

As the April 15 tax deadline has just passed, most people have filed their income tax returns. What are you planning to do with your tax refund or how are you planning to pay any tax amount due? Knowing what to expect when filing your taxes can help you plan what decisions to make next. If you...

Every year people gather up all their tax documents, organize them and then think about their options: do their income tax filing themselves, pay someone else do it, or find another option! Let’s explore these options. Should I pay someone else or file my taxes by myself? Many people can do their...

With the start of a new year, you should take some time to think about your financial wellness in addition to your overall health. Do you feel like you are in a good place financially? If you are not happy with your current financial situation, how could you change things this year to get on the...

Should I pay extra on my student loan or invest in a Roth IRA? Build up an emergency savings fund or pay off my credit card debt? Pay off my mortgage or put more money in my 401(k) retirement plan? In one form or another, the trending question lately has been, "Is it better to pay down debt or...

The clock is ticking on organizing your student loan repayment. After several years of pause, federal student loan payments are due, as of October 2023. Interest accrual is back in full force. Other changes may affect you too! Take time to check if you benefit from: The SAVE (...

When I faced a major life decision of deciding whether or not to retire, looking at my financial situation was a big factor in the decision. I estimated what my future expenses would be and compared those against my expected income. I did a net worth statement, which forced me to...

Leaves are falling, but interest rates remain high. Have you ever wondered how the Fed rate decisions impact you? First, let’s explain what is meant by the Fed. The Fed is short for the Federal Reserve System, the United States's central bank....

On a good day, I wonder if my family hears what I say or if all they hear is "blah, blah, blah!" However, when I talk about what I want to happen if I'm in an accident, hospitalized, or die, I'm SURE some of my family completely block my words. That's why I think it's so important that I write down...

Purchasing health insurance requires choosing which insurance plan works best for you, whether you are choosing from your workplace options or from the marketplace. Before you make your decision, think about what is important to you: Which doctors and/or hospitals are accessible with each...

Money is a topic that impacts almost everyone. Learning what you value and how to balance your individual wants and needs with your available financial resources can impact your overall personal financial well-being. Many people are not feeling comfortable with their finances at the present time...

Hi everyone! My name is Emily Harmon, and I am Extension's new Finances Educator for Champaign, Ford, Iroquois, and Vermilion counties. While I am new to this position, I am not new to Extension. I was one of the program coordinators for the finances and family life programs since 2019. I...

We’re back! After a hiatus, the Plan Well, Retire Well blog is back with renewed energy! We will introduce our Illinois Extension bloggers in the next few weeks. We hope you’ll enjoy our blog posts and find timely, research-based financial information that will help you in your daily life. A...

I grew up in Jamaica, where one of the seasons is fondly referred to as the “rainy season,” which seemed like most of the year. Hurricanes, flash floods, earthquakes, and tropical storms are prevalent in the Caribbean. As a young child, I remember the adjustments my dad would make to our house. He...

I had a few conversations with a friend who decided to add a loved one to his credit card as an authorized user. Over the years, we had many discussions about some of the challenges he faced building his credit history as an immigrant with a thin credit file. He had been a joint account holder in...

One of the best parts about attending professional conferences is the chance to update and reset my thinking about teaching personal finance. While teaching about money might sound like the same old, same old, there’s always something new to learn and share! Three topics stand out in my mind as I...

With the way this year has been going, I wanted to get a head start on preparing my home for cold temperatures before old man winter makes a full appearance. Taking steps to get your house ready for colder weather can save you money and help you and your family stay safe and...

Kathy Sweedler: This blog post was originally posted in 2013 by Karen Chan, CFP, retired Extension educator. A reader recently requested it. This is a timeless topic, still helpful today, and I’m happy to repost it. When our father, died, I think my sister and I both felt like we were...

Choosing someone to raise your child in the event you die is a daunting task.  While godparents can be a potential choice for a guardian, without documentation from your will to nominate a personal guardian, your wishes may not be honored. Below are a few pieces of information I gathered from...

For as long as I can remember, we’ve always had a furry companion in my household. Whether it was a cat, dog, bird, or fish, having a pet as a companion can make many people happier. Having said that, pets have expenses to keep a pet healthy, happy, and safe. Costs There are many...

My family had been waiting to see the movie, Onward since we saw the first trailer in 2019. One of the local theaters is about a mile from our house, and we love to walk (when the weather permits) or take a short drive to see some of our favorite new movies. Since we couldn’t go to the theater when...

At different times in our life, seasons can get tough financially. If you find that you’re unable to make ends meet, you may have to make some tough decisions about which bills get paid before others. If you’re in this situation, here are some choices to consider. Pay Basic Essentials...

Recently grocery stores have started offering a variety of services to help you shop. You can choose to shop online, pay online, have the grocery items delivered to your house and/or pick up your groceries at the store. Who knew you didn’t have to trek up and down the aisles to buy groceries! Here...

Stop! Before you go too far planning your spending of the Coronavirus Aid, Relief, and Economic Security (CARES) Act payment, let’s take a look at the big picture. Unfortunately, the current economic downturn will be a reality for many months. Now is the time to strategize how best to manage this...

Cosmetics may seem like a great gift for a teen, tween, sister, wife, girlfriend or any woman in your life, but with the rise of counterfeit cosmetics, a low price for a typically high end product may end up hurting a loved one or yourself. The...

On the financial to-do list, saving for retirement is one of easiest to say, I’ll do that another day! The good news is that two-thirds of Americans are saving for retirement, according to 2019 EBRI/Greenwald Retirement...

Do you think the student should pay for their own college expenses?  Or is it the parents’ responsibilities?  This is a tough question! Sasha Grabenstetter and I discuss this in the latest Family Financial Feuds podcast, ...