The views expressed in Economy Matters are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.

Editor's note: Throughout Economy Matters, "Southeast" refers to the six states that, in whole or in part, make up the Sixth Federal Reserve District: Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee.

Financial Tips from the Atlanta Fed: Financial Focus

January 2, 2020

person facing the viewer while holding magnifying glass over a transparent surface with various charts and data

Having 20/20 vision is associated with seeing clearly. As 2020 gets under way, set your sights on seeing your finances with clarity and focus.

  • Understand the pros and cons of the various financial services and providers.Off-site link Knowing the differences between banks, credit unions, payday and title lenders, and check-cashing stores as well as the services they provide can help you navigate a complex financial world.
  • Fees and other hidden charges can significantly affect the total cost of your purchases. Before you sign on the dotted line, take time to learn the real costsOff-site link of what you are buying.
  • Financial stress can stem from being in debt. Be an informed borrower and understand the potential risks of debt.Off-site link