Budgeting

by Rick Munster
Debt Reduction Services, Inc.

By now, you’ve probably noticed that inflation is all over the news, television, social media, and the internet. If you’ve recently purchased just about anything, you’ve surely noticed the effect of prices rising drastically. According to the U.S Bureau of Labor Statistics, following a 7.9% increase from February 2021 to February 2022, the Consumer Price Index gained 8.5% for the year ended March 2022. The Inflation of 8.5% in March was the greatest in 12 months since December 1981.

Inflation is most commonly caused by a supply or demand imbalance. As the world continues to encounter activities that produce supply or demand imbalances, inflation will continue. While consumers have no control over the pricing of the goods they want and need, here are inflation tips to help you reduce costs, save money, and meet your financial obligation to withstand the greater inflation period. [Read more…] about Tips on Handling High Inflation

Todd Christensen, Education Manager
Debt Reduction Services, Inc.

Each spring, we see arenas and grandstands full of families and friends gathered to celebrate the group of college students about to receive their associates, bachelors, or masters degrees, or even their Ph.D.s. After years of enduring long nights of study and the stresses of projects, research, and finals, these graduates now face their next major life obstacle: financial independence often without any formal personal finance training or coursework. Simple rules of thumb can help during such busy and demanding times. [Read more…] about Financial Rules of Thumb for College Graduates