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Talking to Your Partner About Money

Blog April 19, 2021 by Idea Vault Blog

Talk Often A great way to reduce the stress of talking about money is to discuss things frequently with your partner. Don’t wait for a financial crisis to talk! Some couples find it best to schedule regular discussions about money—say, every Sunday afternoon—while others take a more casual approach…

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ARB Clients Successful in obtaining $65 million in PPP Loan Forgiveness To-date!

Blog April 13, 2021 by Laurel Sykes

While many clients have successfully obtained loan forgiveness, others have waited to apply until the SBA began accepting the new forgiveness applications, which included additional covered expenses, and a new streamlined application for loans of up to $150,000, in accordance with the Paycheck Prot…

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Teaching Children About Money

Blog April 12, 2021 by Idea Vault Blog

The Three-Jar AllowanceTo learn how to manage money, children need some money to manage. Typically, this money comes from from an allowance or from doing small jobs for friends and neighbors. As a first step, you'll have to decide how much the allowance should be and whether it should be linked to…

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What is Financial Literacy?

Blog April 5, 2021 by Idea Vault Blog

Make it Real Teaching financial literacy doesn’t have to be a formalized lesson for your family. Experience is often the best teacher. You can give your children that experience by involving them in what you’re doing in a way that makes sense for their age. For example, a trip to the grocery store…

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SBA Issues New Interim Final Rule Revising PPP Loan Calculation for Self-Employed Individuals

Blog March 4, 2021 by Laurel Sykes

They have also updated their Frequently Asked Questions to include new provisions authorized by the Economic Aid Act, which was passed into law earlier this year. The new IFR includes a revised loan calculation formula for Form 1040, Schedule C. This new formula gives Sole Proprietors, Independent…

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Reducing Your Food Bill

Blog February 22, 2021 by Idea Vault Blog

Reevaluating CostsReducing your food bill starts by creating a budget. In order to make a change, you need to know what you’re currently spending and set a goal. Once you know how much you want to dedicate to food each month, keep to it! The best way to do this is to track what you spend and cut ba…

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65% of PPP Funds Remain as of February 7

Blog February 11, 2021 by Laurel Sykes

During the lender training held on Wednesday the SBA explained that, after the 2020 PPP loans were approved, they conducted certain compliance checks on those loan applications using an automated screening tool leveraging public records along with eligibility and fraud detection rules, combined wit…

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Cost vs. Quality

Blog February 8, 2021 by Idea Vault Blog

Why the Difference? There are a few broad assumptions that we make when it comes to why an item could cost more than something similar: It’s made with higher quality ingredients or parts.Something about it is more rare or difficult to obtain or make.It’s associated with a well known or trusted name…

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Finding Funds in an Emergency

Blog February 1, 2021 by Idea Vault Blog

Work With What You Have The first step is to restructure your current budget. While some expenses are difficult to change, such as mortgage or auto loan payments, there are plenty of areas that you can easily adjust to cut back spending and save money. This budget calculator can help you lay out sp…

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PPP Loans being approved at a Slower Pace in 2021

Blog January 28, 2021 by Laurel Sykes

The SBA issued a press release on January 26, 2021 noting that, during this newest round, they have approved roughly 400,000 loans totaling over $35 billion of the total $284 billion authorized by the Economic Aid Act.The reason? SBA has built a significant number of integrations with the IRS, stat…

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