Budgeting & Debt

Late to the Retirement Savings Game? [Infographic]
Team SummitBudgeting & Debt, Employee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
With a little planning and a commitment to saving, it’s never too late to get ahead. Here’s how:   No retirement plan can ever work if you spend everything you make. While it may seem like a sacrifice now, trimming anything out of your budget that isn’t a necessity will free up money to bankroll  Read More →
Retirement Plan Loans: To Borrow or Not to Borrow?
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Although you may have the ability to borrow money from your retirement plan in the form of a loan, please proceed with caution! If you borrow from your retirement account, you may end up causing harm to your financial future. Below are a few of the drawbacks to taking a loan from your retirement plan:  Read More →
The Psychology of Debt
Team SummitBudgeting & Debt, Employee Financial Resource CenterComments are off for this post
Using loans or credit to buy things is not a new concept. In the 1800s, some people bought food and other basic supplies from the general store using credit—the storekeeper handwrote the buyer’s name on a list, keeping track of the total owed. When the buyer came back into town the following week, he paid  Read More →

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