Category: Insights

July 16, 2025 Off

Trump Tariffs: How They’ll Impact Your Wallet & How to Fight Back

President Trump’s tariffs are expected to raise prices on imported goods, impacting everything from sneakers to produce. While intended to protect U.S. manufacturers and influence trade negotiations, economists warn they could lead to inflation and a recession, already impacting the stock market and causing layoffs. Consumers can mitigate these effects by shopping secondhand, buying local or American-made, delaying purchases, utilizing online shopping tools, and exploring community resources like swaps and gardens. Current tariffs range from 10% to 50

July 2, 2025 Off

Decoding the Fed: How Interest Rates Impact Your Wallet

By The Admiral Staff

The federal funds rate, set by the Federal Reserve, influences borrowing costs across the economy. It’s the interest rate banks charge each other for overnight loans and operates within a target range (currently 4.25% to 4.50%, with an effective rate of 4.33%). When the Fed raises rates to combat inflation, borrowing becomes more expensive – impacting credit cards, mortgages, and auto loans. Conversely, lowering rates encourages spending and investment. Rising rates generally benefit

June 29, 2025 Off

Subtle Money Habits Holding You Back

By The Admiral Staff

The article highlights 15 subtle habits that can hinder financial progress, particularly for women. These include neglecting a budget, lacking an emergency fund, accumulating too much debt, and delaying investments. Other key points address the importance of negotiating salary, accounting for healthcare costs, having adequate insurance, and prioritizing one’s own financial well-being over constantly supporting others. The piece also emphasizes the need for financial literacy, avoiding get-rich-quick schemes, tracking small purchases, monitoring credit scores, and starting

June 26, 2025 Off

Decoding Denial: Why Your Insurance Claim Was Rejected (and What to Do About It)

By The Admiral Staff

Insurance companies sometimes deny claims for various reasons, including policy breaches, incomplete or erroneous claims, delays in filing, or healthcare-specific issues like exceeding policy limits or lacking pre-authorization. If your claim is denied, you can take steps to appeal, starting with contacting the insurer, followed by a written appeal with supporting documentation. Further options include contacting your state’s insurance board or seeking legal counsel, especially for significant losses.

June 13, 2025 Off

Unlocking Financial Peace: How Financial Therapy Can Help

By The Admiral Staff

This article introduces financial therapy, a growing field that blends emotional support with financial education to help people develop a healthier relationship with money. Financial therapists address behaviors, beliefs, and past trauma related to finances, often working with individuals struggling with issues like compulsive spending, money hoarding, or financial anxiety. To be certified, therapists must meet specific requirements through the Financial Therapy Association (FTA). The article differentiates financial therapy from traditional therapy and financial advising, highlighting its focus on emotions surrounding money. It outlines common issues financial

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