Financial literacy is critical for men and women alike. However, financial education is necessary for women to make informed decisions about their money. When it comes to women and money, there are many challenges. Here are some facts: Women are less likely than men to feel confident about understanding financial issues. A recent […]
Generation Z women are learning about finance and why it is important
The times are changing! It’s no secret that Gen Z is the generation of change—they were born into a rapidly evolving world. Gen Z women are setting themselves up for success by learning about finance and why it’s so essential in life. This generation proudly prioritizes financial literacy and is three times more likely to take […]
Reporting Investment Income on Your Federal Tax Returns
It’s officially tax season! Did you know that all income, whether earned from work or resulting from investments, is subject to tax reporting and taxation? Financial institutions send annual informational tax returns to the IRS and individual taxpayers showing income to the taxpayer. To help taxpayers complete their income tax return forms, the IRS […]
2023 LAUNCH Conference – Carolinas Credit Union League Recap
Financial Fitness Group was excited to have our business development representative, Bradford Tate, represent us at this year’s Carolinas Credit Union League LAUNCH 2023 Conference. We were honored to participate in expanding our passion for connection and learning from other industry professionals. In this conference, we discussed the genuine need for financial wellness and the value FFG brings […]
In The Suite: Trailblazing and Breaking Barriers with Tricia Rothschild
Thank you, Tina Powell, for featuring our board member Tricia Rothschild. It was an exciting episode that mentioned our platform at Financial Fitness Group and all our offerings. Tricia is a trailblazer and goes into depth to discuss the evolution of fintech and women being a part of the industry. At 37 minutes, she mentions […]
This Valentine’s Day, Fall in Love. Don’t Fall for Scams.
We’ve heard the phrase “blinded by love” before, but don’t be blinded to the point that you fall into debt. In 2021, consumers lost a record $547 million to romance scams, according to a report from the Federal Trade Commission—and that’s just among those who report it. Older people are common targets for romance scams. Scammers […]
Rising Interest Rates — A Challenge for Both Credit Unions and Their Members
Credit unions are mission-driven organizations that serve their members to help them achieve financial wellness. But with high interest rates, it’s important for credit unions to work with their members to fully understand the impact that a high interest rate environment can have on their financial lives. Credit unions are among the most popular […]
Financial Fitness Group Announces Content Updates for 2023
Financial Fitness Group’s director of content, Mike Marcoe, reviews and updates the classroom content in our FINRA-compliant library every autumn. Our mission is to provide content that is up to date and current with all government regulations. To ring in the new year, we publish the updates every January. Let’s start 2023 with updated content […]
Tax Issues of Charitable Giving
‘Tis better to give than to receive but getting a big fat tax deduction is no bad thing. The festive spirit of giving is more attractive when Uncle Sam cuts you some slack on your income tax return. BUT in order to take a deduction for a charitable donation, you must itemize all your deductions using Schedule A of your tax return. If you take the standard […]
Why veterans should establish an emergency fund after returning to civilian life
Financial literacy is essential to reintegrating military members into society. After many years away from civilian life, you might miss the opportunity to put your finances in order. According to a survey by the National Foundation for Credit Counseling (NFCC), veterans are almost twice as likely to have recurring debt (58%) than civilians (34%), and 55% of veterans believe […]