Kristen Jowers

Featured in: Favicon

thenbxpress.com

Articles

Financial Infidelity

May 15, 2024 | oneop.org | Kristen Jowers |Nichole Huff

Money can evoke a variety of feelings like avoidance, safety, and trust. In a romantic relationship, each partner brings their own thoughts, feelings, dreams, and ways of doing things to every aspect of their relationship and the same is true for finances. Service providers can help military families increase connection through financial conversations, including using “money dates” as a tool to improve trust and synergy.
Understanding Consumer Debt and Strategies for Service Members

Mar 20, 2024 | oneop.org | Kristen Jowers |Nichole Huff

With rising inflation, convenience spending, and an increase in credit card use, American consumer debt hit $17.5 trillion in the fourth quarter of 2023 according to The Federal Reserve Bank of New York. Debt accrual has become a necessity for many families to purchase a home, go to college, and make major purchases, like appliances and vehicles.
Financial Considerations for Pet Ownership

Mar 20, 2024 | thenbxpress.com | Kristen Jowers |Nichole Huff |Sue Miklovic

by Kristin JowersBrown (2023) estimates that nearly 62% of Americans have a pet, and half of pet owners not only consider their pets to be a part of their family but say they are as much a part of their family as a human member. From buying gifts for pets to buying pets as gifts, many military families may be budgeting for their furry family members this year.
Research Briefs for Financial Educators: Economic Well-Being, Financial Literacy and Buy Now Pay Later

Nov 9, 2023 | oneop.org | Kristen Jowers

To be an effective financial educator, your work should be informed by personal finance research. Below are findings and implications from three recent studies on economic well-being, financial literacy, and using “Buy Now Pay Later” plans to pay for groceries:Economic Well-BeingThe annual Federal Reserve Survey of Household Economics and Decisionmaking (SHED), fielded in October 2022, found a decline in Americans’ financial well-being as high inflation eroded savings and earnings.
Scam Prevention Information for Military Families

Oct 18, 2023 | oneop.org | Kristen Jowers

Military families are frequent targets for scams. Reasons include: service members’ steady incomes, military camaraderie that attracts affinity fraud, frequent deployments where monitoring finances can be difficult, and the fact that many service members are young and living on their own and earning a paycheck for the first time. Many service members also spend significant time online (e.g., social media), where many scams originate.
Seven Keys to Investing Resilience

Aug 8, 2023 | oneop.org | Barbara O’Neill |Kristen Jowers

By Barbara O’Neill, Ph.D., CFP®, AFC®Martie Gillen, Ph.D., MBA, AFC®, CFLEFinancial resilience is the ability of an individual or family to withstand events (e.g., job loss, medical emergency, car repairs) that impact their income and/or assets. These incidents are often costly and unexpected. Investment resilience is a subset of financial resilience. It is the ability of investors to prepare for, and “bounce back” from, market downturns via diversification and other proactive strategies.
Can Service Members Play With FIRE?

Aug 1, 2023 | oneop.org | Barbara O’Neill |Kristen Jowers

By Barbara O’Neill, Ph.D., CFP® andMartie Gillen, Ph.D., MBA, AFC®, CFLEFIRE is an acronym for Financial Independence (FI), Retire Early. FIRE enthusiasts live frugally and invest a large part of their income to reach a “walking away number” where they can leave a 9-to-5 job and live life on their terms decades before the traditional retirement age. Since most service members share the same young adult demographic as FIRE proponents, Personal Financial Managers may get questions about FIRE.
Ten Tips for Military Families to Survive a “Financial Tornado”

Jun 27, 2023 | oneop.org | Kristen Jowers

By Barbara O’Neill, Ph.D., CFP® and Martie Gillen, Ph.D., MBA, AFC®, CFLE U.S. consumers haven’t just experienced a “perfect storm” of financial challenges…they have experienced a “perfect tornado!” Challenging financial events include sustained high inflation (and increased costs for food, utilities, rent, gas, insurance, housing, etc.), recession fears, increased interest rates, bank failures and government bank takeovers, volatile stock prices, lower savings rates, and increasing household...
What Service Members Need to Know About Amended Tax Returns

May 2, 2023 | oneop.org | Kristen Jowers

By Barbara O’Neill, Ph.D., CFP®, AFC® Martie Gillen, Ph.D., MBA, AFC®, CFLEIt happens more than you think. Taxpayers file a federal income tax return only to learn they missed a valuable tax credit, deduction, or adjustment or forgot to report a source of taxable income or remove a dependent. Between 3 to 4 million amended (a.k.a., Form 1040-X) tax returns are filed each year.