5 for Friday (July 15, 2022)


How do I combat my child’s boredom this summer? How do I experience financial freedom? And what are the major finance stories this week?


These questions and more are answered in this week’s 5 for Friday.


1. 7 Ways to Combat "I'm Bored" From Kids by Sarah Hamaker.


You are sitting in your house and hear your child say, “I’m bored.” What do you do? With the finances being so tight, you certainly can’t go on another trip or pay for another camp. This article provides several ways a parent can help their child reduce boredom and increase creativity.


2. US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big by Olivia Rockeman.


Inflation continues to place stress on individuals’ and families’ budgets. Recent reports demonstrate the Consumer Price Index rose 9.1% from a year earlier, a significant jump. What will this inflation do interest rates?


3. Mortgage Rates Jump After Two Weeks of Declines by Gabriella Cruz-Martinez.


The Consumer Price Index is not the only thing that reported an increase this week. Mortgage rates also saw a rise. The 30-year mortgage rate increased from 5.30% to 5.51%. However, this is still lower than June’s 5.81%.


4. The Gift of Mac and Cheese by Kyle Hasbrouck.


God designed us to live and give generously. In this fun story, we learn about a 9-year old boy named Cash who decided to help those in poverty by giving them something he loves—macaroni and cheese. Be inspired by a child who chose to give his favorite meal to others.


5. How Do I Get Financial Freedom? by Chuck Bentley.


“I hear you say spend less than you earn. I’ve tried, but I can’t. I really want financial freedom, but how do I get it when I don’t make enough money?” In this article, Chuck Bentley responds to this question by providing a few simple steps.