Viking Magazine - August 2022 - 10
YOUR FINANCES
IN THE NEWS
After more than two
years of a suspension
on student loan
repayments, interest
and collections due to
the pandemic, a big
deadline is looming for
student loan payments
in the U.S.-the BidenHarris
Administration
is expected to either
extend the pause on
payments or cancel
student loans for
thousands of borrowers
by the end of this
month, on August 31.
" The Department of
Education is committed
to ensuring that student
loan borrowers have
a smooth transition
back to repayment, "
said U.S. Secretary
of Education Miguel
Cardona in a press
release. " During the
pause, we will continue
our preparations to give
borrowers a fresh start
and to ensure that all
borrowers have access
to repayment plans that
meet their fi nancial
situations and needs. "
If you're a borrower,
keep up on the latest
student loan repayment
developments at
studentaid.gov.
For a complimentary
consultation with
your Sons of Norway
Insurance Professional,
visit sonsofnorway.com.
10
August 2022
Your Financial Playbook
Score points for the home team (your bank account) with these fi ve winning
strategies that tackle common money dilemmas head-on. BY TAYLOR HUGO
F
illed with Xs, Os and arrows, game-day playbooks aren't just random doodles; they
defi ne the strategies that win games-and athletes aren't the only ones who can
benefi t from them. In the spirit of the upcoming NFL season, we've compiled some
common fi nancial dilemmas, and the plays you can implement to score points for the
home team-i.e., your bank account.
GAME-DAY DILEMMA: Infl ation is making it diffi cult to stick to your budget without
racking up penalties . . . er, overdraft fees.
PLAY: From March 2021 to March 2022, consumer prices rose 8.5%-the highest yearover-year
increase since 1981-thanks to pandemic-related supply shortages and the war
in Ukraine. This left many people struggling to aff ord monthly expenses like groceries and
rent. While there's not much you can do to curb infl ation, you can adjust your budget and
spending habits to ensure your account balances don't reach zero. For example, be more
sonsofnorway.com
http://www.studentaid.gov
http://www.sonsofnorway.com
http://www.sonsofnorway.com
Viking Magazine - August 2022
Table of Contents for the Digital Edition of Viking Magazine - August 2022
Contents
Viking Magazine - August 2022 - 1
Viking Magazine - August 2022 - 2
Viking Magazine - August 2022 - Contents
Viking Magazine - August 2022 - 4
Viking Magazine - August 2022 - 5
Viking Magazine - August 2022 - 6
Viking Magazine - August 2022 - 7
Viking Magazine - August 2022 - 8
Viking Magazine - August 2022 - 9
Viking Magazine - August 2022 - 10
Viking Magazine - August 2022 - 11
Viking Magazine - August 2022 - 12
Viking Magazine - August 2022 - 13
Viking Magazine - August 2022 - 14
Viking Magazine - August 2022 - 15
Viking Magazine - August 2022 - 16
Viking Magazine - August 2022 - 17
Viking Magazine - August 2022 - 18
Viking Magazine - August 2022 - 19
Viking Magazine - August 2022 - 20
Viking Magazine - August 2022 - 21
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Viking Magazine - August 2022 - 27
Viking Magazine - August 2022 - 28
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Viking Magazine - August 2022 - 30
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Viking Magazine - August 2022 - 34
Viking Magazine - August 2022 - 35
Viking Magazine - August 2022 - 36
Viking Magazine - August 2022 - 37
Viking Magazine - August 2022 - 38
Viking Magazine - August 2022 - 39
Viking Magazine - August 2022 - 40
Viking Magazine - August 2022 - 41
Viking Magazine - August 2022 - 42
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