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Weekly Wealth of Knowledge - Week of 8/21/23

August 22, 2023

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, the markets and more!  August is here and we welcome in "money" month at MONECO Advisors.  All month we will be highlighting everything related to it, including savings strategies, budgeting, cash flow, debt management and more! 

In this issue:

  • MONECO Insights - Financial Decision Making and Behavioral Finance (3 min read)
  • Ways To Save Money On A Tight Budget (2 min read)
  • Navigating FAFSA (3 min read)

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MONECO Insights - Financial Decision Making and Behavioral Finance

As we continue with our theme of "money" month throughout August, this week our Insights team takes a look at financial decision making and the role that behavioral finance plays in it. By unraveling the psychology behind our financial choices, we can equip ourselves with the tools to make more informed and rational decisions. As always, if you have any questions, do not hesitate to reach out to the office.

Click to Read Full Article


Ways To Save Money On A Tight Budget

Although the economy is showing signs of emerging from the inflationary pressures that have been with us for the past 18 months, there are still many folks out there that are working on tight budgets, while simultaneously  being confronted with higher costs. Keeping with our theme of "money' month this August, this week we offer some ways to still be able to save money, even when budgets are thin. If we can help in any way, do not hesitate to reach out.

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Navigating FAFSA 

As college costs continue to rise, more families are reaching out to use financial aid to assist. Navigating the FAFSA (Free Application for Federal Student Aid (FAFSA) process can sometimes be confusing. Read below to learn all you need to know about the steps that you and your children need to take. To put it bluntly, this is an application that is on a first come, first served basis for potential funding, so there is no time like the present to see if you will qualify.

Click to Read Full Article

Important Information

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

LPL Financial does not provide tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.

Past performance does not guarantee future results.

Asset allocation does not ensure a profit or protect against a loss.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.