The holiday season is a time of celebration, connection, and giving. However, it’s also a time when many people find themselves overspending and feeling the financial strain that often follows in January. With so many expenses tied to gifts, travel, food, and parties, it’s easy to lose track of your budget. But the good news…

Insurance plays a critical role in safeguarding your financial well-being, acting as a buffer against unexpected life events that can impact your home, vehicle, health, and even your pets. In the U.S., a wide variety of insurance options exist—homeowners, renters, auto, pet, and life insurance, to name a few. Each serves a specific purpose in…

With the potential for an interest rate drop, many consumers may wonder how it could impact their financial situation. A decrease in interest rates can present several valuable opportunities, especially for those looking to borrow or refinance existing debt. One of the most significant benefits of a rate drop is the potential for lower mortgage…

Divorce can be one of the most emotionally challenging experiences a person goes through, with the heartache often extending into unexpected corners of life—like finances. One aspect often overlooked is the hit your credit score might take as a result. While the act of getting divorced doesn’t directly affect your credit score, the financial ripple…

With the rate change around the corner, If buying a home has been on your mind, you aren’t alone. Based on our Credit coaching calls with our Tomo members, the number one reason why they want to build credit is “to buy my first house”. Homeownership is a hot topic for GenZ and millennials and…

Credit card delinquencies, the state of falling behind on your credit card payments, can create a ripple effect on your financial health. As delinquencies increase, the consequences become more severe, affecting not only your credit score but also your overall financial stability. In this blog, we’ll explore what happens when your credit card delinquencies are…

Entering adulthood is an exciting time filled with new opportunities and responsibilities. A significant part of these responsibilities involves personal finance. Recently, an article featured on Supermoney titled “Can I Get A Credit Card At 17?” highlighted how today’s young adults are proactive and thoughtful about planning their financial future. For many young adults, this…

In today’s fast-paced world, it’s not uncommon for people to find themselves in debt. Whether it’s due to student loans, credit cards, medical bills, or unexpected expenses, debt can accumulate quickly and become overwhelming. Unfortunately, carrying significant debt can severely impact your credit score, which can, in turn, affect your ability to secure loans, rent…

Building your credit to an ideal score is crucial to financial health. It can significantly impact your ability to secure loans, obtain favorable interest rates, and even rent an apartment. For most people, the journey to an ideal credit score can range from 3 to 6 months, depending on their starting point and the strategies…

A good credit score is more than just a number; it’s a key indicator of your financial health and stability. In today’s high-interest market, having a good credit score opens doors to various opportunities and can save you significant amounts of money over time. Understanding why a good credit score is important and how to…