Helpful tips for financial planning and getting your finances under control. Plan for a healthy financial future.

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Make Money Between Jobs: The Gig Economy Could Save Your Bacon

gig economy making money between jobs

According to a survey by the Pew Research Center, nearly 25% of Americans now earn at least some money through the “gig economy”—also known as freelance, contract or on-demand work. Others put that number even higher. Made up of independent contractors, online sellers, freelancers, artists and more, one thing is for sure: the number of […]

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Mark Greene: Despite low unemployment, Wisconsin workers on a precipice

Wisconsin workers struggling

Originally Published in The Cap Times on Sep. 1, 2017 By Mark Greene | SafetyNet director of innovation and product development Recent talk of Wisconsin’s economic landscape tends to focus on our ability to attract business, the wisdom of incentives and associated implications on taxpayers or the number of jobs created. To be sure, finding […]

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Applying for Unemployment Insurance in Wisconsin? 6 Tips to Get You Started

Apply for unemployment in Wisconsin tips: Job search

Well, no one said it would be easy. Losing your job, that is. Turns out applying for Unemployment Insurance (UI) is no walk in the park either. In order to ensure that the right people receive the right support, the U.S. Federal-State Unemployment Insurance Program, financed through federal and state payroll taxes, is less like […]

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Financial Coach Peggy Olive Helps Clients with Their Dreams, Goals and Challenges

Woman getting financial coaching

Financial Capability Specialist Peggy Olive has talked with thousands of people about their money. Whether coaching, counseling or training others to be financial coaches, Olive is driven by the same purpose: to help people align their money with their values. Financial coaches are a relatively new option for people looking to gain a better handle […]

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Managed to Amass an Emergency Expense Fund? Congratulations! Here’s How to Keep It

Piggy bank - How to keep your emergency fund

If you’ve succeeded in setting aside a chunk of change to cover those inevitable-yet-unexpected “expense shocks,” congratulations! You’re doing better than most. According to the Federal Reserve Board’s Survey of Household Economics and Decision Making (SHED), barely half of Americans have an extra $400 at their disposal the event of, say, a car repair or […]

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Turning Layoffs into Opportunities: Tips to Take You from Surviving to Thriving

Woman using layoff as opportunity

If you are someone who embraces change and new challenges—even when unexpected —finding yourself out of a job may bring you more inspiration than paralysis. After all, what feels like crisis in the moment merely looks like another life change once you do (and you will!) land your next job. For others, however, maintaining good mental […]

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Can You Afford a Pet? Check Your Budget Before Bringing Fido into the Family

Dog in car on country road .Can you afford a pet?

The benefits to living with pets are well-documented. Their companionship improves our mental wellbeing. They can keep us physically active and lower our risk of heart disease. They teach children responsibility and can even keep young ones from developing allergies. Some also make excellent under-foot vacuum cleaners in the kitchen. A lesser known—and less popular—fact, […]

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Emergency Savings and Financial Well-Being: Q&A with Financial Expert J. Michael Collins

UW Professor J. Michael Collins

Emergency savings give people peace of mind—or what we like to call “financial well-being,” which is really defined as being subjectively OK with where you are. A big component of that is not worrying about stuff, being resilient to extra expenses, feeling in control. If you don’t feel like you can set [financial] goals and reach them, it makes you feel less financially well. That has negative side effects for people’s physical and mental health.

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How Does Social Security Disability Insurance Work?

Man in wheelchair researching Social Security disability

It’s not something most of us think about on a daily basis, but injury and illness prevent millions of Americans from earning an income each year. In fact, according to the Social Security Administration (SSA) a little more than 1 in 4 of today’s 20-year-olds will become disabled before reaching retirement. While Social Security benefits […]

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National Financial Literacy Month: Do You Know How to Calculate Compound Interest?

Man improving his financial literacy

Suppose you owe $1,000 on a loan and the interest rate is 20% per year compounded annually. If you didn’t pay anything off, at this interest rate, how many years would it take for the amount you owe to double?*

If you don’t know the answer to that question, you’re not alone. Nearly two-thirds of Americans can’t pass a basic financial literacy test with questions about interest rates, mortgages and economic trends, according to the Financial Industry Regulatory Authority’s (FINRA) Investor Education Foundation.