With a Home Equity Line of Credit from VisionBank!
Rates as low as 0.99%
With a Home Equity Line of Credit from VisionBank!
Rates as low as 0.99%
VisionBank is committed to growing our communities in Central Iowa, and we take pride in the opportunity to partner with our neighbors by giving of our time, resources, and funding when possible.
May 20, 2022
The doom-and-gloom headlines about our economy feel as if they have been saturating our collective consciousness non-stop. It’s no wonder. Inflation is hovering at a 40-year high. Housing prices continue to swell. And our paychecks, meanwhile, aren’t stretching as far as they did even a year ago.
If worries over money matters are stressing you out to the point of negatively impacting your state of mind, you aren’t alone. An April 2022 survey of nearly 2,500 adults from Bankrate and Psych Central found that 42% of those polled regularly worry about their finances, noting that money concerns were having a negative impact on their mental health.
The new research showed a higher number of Millennials reporting money-related stress than other age groups with 48% of 26- to 41-year-olds saying they were psychologically impacted by their finances, followed by 46% of those in Generation X who range in age from 42 to 57. Some 40% of the Generation Z group (those aged 18 to 25) reported having mental health issues tied to money concerns.
There are steps you can take to improve your relationship with money, lower your stress and eventually move to a better spot with your finances. But know this: More money won’t always make you happier. Research bares this out. There is a point when your annual income rising, say, above six figures, won’t bring you any more joy than it did when you were pulling in $90K.
Consider these money moves to get a better handle on your financial life:
May 16, 2022
Digging out of debt can seem overwhelming, but don’t let that stop you from developing a plan. Like many things in life, you can take small steps to arrive where you want to be. Here are some basic moves to climb out of debt.
May 9, 2022
Medical costs can derail even the best laid financial plans. Consider this: The average cost of a three-day stay in a hospital is $30,000. Break a leg? That’ll run you about $7,500. Paying for cancer treatment can cost hundreds of thousands. With medical costs so high, it’s important to examine every bill carefully. Here are some questions to ask before paying a medical expense.
