Managing Finances When Ending A Relationship

Ending a romantic relationship can be a challenging experience. Divorce, the process of terminating a marriage, is less common in Wisconsin than most states but it is still something that thousands of Wisconsin couples experience each year. In addition to the difficult emotional experience that can come with ending a relationship, there can be financial […]

How the Inflation Reduction Act Can Save You Money on Home Energy Costs

In August 2022, the federal government enacted the Inflation Reduction Act (IRA), the largest clean energy investment the United States government has made. It provides many new tax credits, rebates, and discounts to help homeowners make energy efficiency improvements and save on their utility bills. Read more about how the Inflation Reduction Act can help […]

“Benefit Cliffs” for Wisconsin Public Programs

A family hits a benefit cliff when a small income increase makes them ineligible for public benefits they had been receiving (UW-Madison Institute for Research on Poverty). Many public benefits programs in Wisconsin have “benefits cliffs.” It is important for participants in these programs to be aware of benefits cliffs as they make financial and […]

What Accounts Can I Use to Save for Retirement?

Retirement planning can help you prepare for your long-term financial needs. To successfully plan for retirement, it is important to understand the accounts that can be used. You may have several options to save for retirement including accounts offered by your employer, often called employer-sponsored retirement plans, and individual retirement accounts. You may be able […]

How to Choose a Financial Advisor

Financial planning involves thinking about all areas of your finances and building a plan to reach your financial goals. Financial planning can help you live the life you want as you plan for the future. However, it is difficult to know everything about budgeting, saving, credit, managing debt, insurance, investing, and other financial topics. To […]

Recordkeeping Recommendations

Saving receipts, paystubs, tax forms, and other documents can be important. But it can be challenging to know which documents to save, how long to keep them, and which papers to throw away. This information sheet provides tips on documents you should save, how to save documents, and how to throw documents away. Documents to […]

Reverse Mortgage Considerations

As you continue to pay your mortgage you will obtain more equity in your home or own it outright. Depending on your situation, over time your retirement accounts may decrease as your expenses increase. If this happens, you may consider selling your home to get income. While this can be a good option, you also […]

Feeling invisible?

Ever feel like you’re invisible? 11% of adult Americans actually are.. credit invisible that is! Credit invisible is a term used for people who have no credit history at any of the three national credit bureaus.  Isn’t it good to not have any credit card debt? Yes. It’s wonderful to not have any credit card […]

How to Prepare for the Holidays Without Feeling Like Scrooge

Inflation and the costs of items seem to be on everyone’s minds lately. Stress levels are high due to the impact that inflation has on groceries, fuel, heating costs and credit card interest rates. This depressing news is making people feel that they have little control of their finances. As we enter the holiday shopping […]

Teaching Children About Money

Financial education mandates have increased across the U.S. As of June 2022, 13 states require all students to take at least one semester of personal finance. In other states, personal finance is an elective or embedded within another course such as math, economics, or entrepreneurship. Financial education courses notwithstanding, children’s strongest financial influence is most […]

Youth Forward Wisconsin: Multi-institute Extension Team Brings Research on Universal Child Savings Accounts to Communities

Youth Forward Wisconsin is a movement supported by UW-Madison Division of Extension and local Extension educators ​from 17 Wisconsin communities. This team is providing the tools to understand and implement universal child savings account programs to help Wisconsin youth reach their full potential. The Youth Forward Wisconsin team received an Extension Innovation Grant to support the work […]

Outsmarting Scammers

Have you ever fallen for a scam? If so, you are not alone. The Department of Agriculture, Trade and Consumer Protection’s website states that “consumers lose more than $40 billion a year to telemarketing fraud”. And it’s just getting worse. According to a 2021 Scam and Robocall Report, phone scam attempts increased by over 116% in […]

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