by Doug Stevenson Bowdoinham Maine | Sep 22, 2025 | Doug Stevenson Bowdoinham Maine, Finance
A high-yield savings account is a bank account that offers a higher interest rate than traditional savings accounts. These accounts are typically offered by online banks with lower operating costs, allowing them to pass on the benefit to customers. They provide a safe...
by Doug Stevenson Bowdoinham Maine | Sep 22, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Behavioral finance is the study of how psychological influences affect financial decision-making. Traditional finance assumes people are rational actors who make logical choices to maximize wealth. In reality, emotions, biases, and mental shortcuts often drive money...
by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Streaming platforms, fitness apps, meal delivery kits, cloud storage, and even clothing rental services have transformed the way people consume products and experiences. Subscriptions offer convenience, flexibility, and affordability at first glance. However, what...
by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance
For many people, the 401(k) has long been the default retirement savings vehicle. While it is a valuable tool, relying on it alone may not be enough to secure long-term financial independence. Market volatility, contribution limits, and employer plan restrictions can...
by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Spending money is not always a logical act. Emotions, beliefs, and past experiences often drive our decisions more than we realize. Understanding the psychology behind your spending habits is the first step toward financial wellness. Whether it is impulsive purchases,...
by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance
A sinking fund is a financial strategy where you set aside a small amount of money regularly to prepare for a future expense. Unlike an emergency fund, which covers unexpected costs, a sinking fund is meant for planned, often large, purchases. Think of it as proactive...
