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How to Protect Yourself and Avoid Reverse Mortgage Scams
Should you get a reverse mortgage? Avoid the scams first For people aged 62 and up, a reverse mortgage may seem like a tantalizing opportunity. After decades of sending in your monthly mortgage payments, you’re now getting money from your bank. A reverse mortgage siphons off the equity in your home and sends the cash […]
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5 Ways to Prevent Senior Financial Scams
Senior financial scams are a growing problem nationwide. Your aging loved ones may have spent a lifetime saving for retirement, but they could lose it all if they fall into the hands of the right con artist. Consider these startling statistics: Older adults lose approximately $2.9 billion each year from financial scams and exploitation, according […]
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Good and Bad Debt: Understanding the Difference
When you’re considering borrowing cash, there’s a lot to think about. You may have a lot of questions, but let us at CESI Solutions help guide you.
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Overdraft Protection: The Real Pros and Cons
Overdraft protection can be a good idea if used correctly. Here are some pros and cons to using this service.
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Which Debt Management Tools Are Best For Me?
You’re ready to choose a debt management software program, and that can be confusing. To narrow down your choices, here are the 9 most important features.
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Making Money Real for Kids
Making money real for kids is an important undertaking. Every few months I have the pleasure of teaching children as a volunteer for Junior Achievement and the kids are delightful. They’re inquisitive, energetic, and little truth-tellers. One little boy kept hugging me and when I asked him why, he said it was because I was […]
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Why October is an Important Month for College Financial Aid
Most full-time students rely on some form of college financial aid to pay for their education. According to the College Board, about two-thirds cover at least part of the cost for college with grants and scholarships. Among those financial aid dollars, about 57 percent are in the form of grants and 34 percent were federal […]
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How COVID-19 has Impacted College Students
The COVID-19 pandemic has served up unprecedented challenges for every segment of the population. Essential workers must protect themselves daily from contracting the coronavirus. With school held remotely across the country, working parents must figure out how they’ll also keep their jobs. And millions have lost their jobs or face extended furloughs. COVID-19 has impacted […]
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CESI 2019 Community Outreach Summary
At CESI, our mission is to empower people to overcome their financial challenges and lead financially-healthy lives. As part of our mission to offer financial education, we have a robust Community Outreach Program that offers financial literacy workshops and classes in our local community throughout the Triangle region of North Carolina. In 2019, we offered […]
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The Impact of Working, Learning From Home on Family Finances
The COVID-19 pandemic has turned just about every aspect of our lives upside down — starting with our day-to-day work and school obligations, and for many, our family finances. Kids and employees across the country were sent home in March to limit the spread of the coronavirus. Since then, children have learned virtually — via […]