Millennial Money Management LLC

For those of you that are getting stimulus checks and don’t need them, the government just funded your emergency fund that you never funded. Now put it somewhere you won’t touch it until the next pandemic.

Happy New Years everyone! Wish you all some much needed closure on 2020 and a fresh start to 2021. One final word to this year: (...) we rejoice in our sufferings knowing that suffering produces endurance, endurance produces character, and character produces hope (...) poured into our hearts through the Holy Spirit... ... Amen. 2021... let’s go.

Merry Chistmas from us here at MMM It’s too late to make good financial decisions so just enjoy it at this point!

Trying to make sense of this booming stock market and sputtering economy? Here's is some simple research that we put together using data from the Federal Reserve Economic Data center. Let's turn off the Mad Money and Varney & Co. and dig into some numbers that matter. What is critical to understand is that Federal Reserve and their monetary injections make them a player in the stock market. They are such, because they actively participate in the markets buying debt, both pub...lic and private. In such an environment the stock market tends to reflect the future projection of the real economy PLUS the monetary support of the Federal Government. To be exact, so far this year that amounts to $3.09 trillion dollars. Yeahhh that's a lot. In this chart I have compared the rate of change in the monetary supply (M1) compared to the S&P 500 over the last 10 years. It is not hard to see the correlation. The reason for such a correlation is the money ends up funneled directly to the financial market in the form of increased investment, and to a lesser extent the largest companies (which comprise the stock market) reap the majority of the new money in the real economy. This is neither advice nor recommendation. Just data. But the next time you are around the water cooler talking about the future of the market, start here. Not doing so would be ignorant of the true forces at be.

Attention Student Loan Borrowers! There has been much confusion about the COVID-19 relief that is coming to an end on December 31. Here are a few insights you may find useful. Please note, this information is only in regards to loans owned by the Federal Department of Education. ONLY account that begin with the letter "E" fall under these provisions. ... - Payments will resume on your next billing date falling after 12/31/2020. Check your loan servicer to see what amount you will owe and on what date. Always set up Auto-Pay if possible. Most loan servicers reduce your interest rate if you do. - Interest will begin to reaccumulate after 12/31/2020. From 03/13/2020 - 12/31/2020 your interest rates were set at 0%. No interest we be reassessed from this time period. - The months from 03/2020 - 12/2020 will count towards Public Service Loan Forgiveness (PSLF). With regards to income recertification for Income-Driven Repayment plans: - Some loan servicers have pushed back income recertification for due dates falling between March 13, 2020 - March 13, 2021. Check with your loan servicer to see if you qualify. ---- For example, if your recertification date is February 15, 2021 you may not have to recertify until February 15, 2022. Attention!!! If your income decreased during this year, it may be in your best interest to recertify immediately. This could reduce your monthly payment.

Inflation is always top of mind for us. But for many it is easy to sweep under the rug. This chart shows consumer prices rising steadily over the last 30 years. To be exact prices have DOUBLED since 1990! Historically this is very average. Your dollar will lose half of its value every 20-30 years. With savings rates at 0%, it is imperative to invest your non-essential cash just to make sure you are not losing purchasing power. Also, realize this is a strategy from the central banks to force people to spend or invest rather than save their money. It is 100% an artificial stimulus device.

Hang in there America. Only a couple more months to go