How to Fix the Leaky Money Faucet
Key takeaways Just like a leaky water faucet, a leaky money faucet can add up to thousands of lost dollars over time, if left unchecked. Use one of the many online services that track all of your expenditures. One day a week, such as every Friday, review each of your expenses to determine where the […]
What You Need to Have the Perfect Day
Key takeaways Simplicity is the key to success if you want to have the perfect day. Keeping the steps to accomplish something, like the perfect day, limited to three makes it manageable. The three steps to a perfect day are: take time for yourself each week, set your sleep and wake schedule to prepare you […]
Five Money-Saving Tips for Students
Key Takeaways College can end up costing you a lot more than just tuition these days with all the extras they offer up to get you to spend more of your money. Doing things like sharing an apartment, building a budget, taking part in free activities, using public transportation, and buying used textbooks will help […]
Your Money Timeline
Key Takeaways When it comes to investing money, the order in which you invest matters. Before investing in anything, make sure your emergency fund is set up and topped off. It’s important to know what your short, intermediate, and long-term goals are in order to know what assets you should invest in and when.
Tax Planning – Not Just for the Wealthy
Key Takeaways While taxes may be certain in life, there are tax advantage strategies that can help lessen the toll taxes can take on your money. There are three tax advantage benefits to look for when we talk about tax planning: tax deductible, tax deferred, and tax free. Yearly tax planning can save you a […]
All Together Now – The Wealth Portal
Key Takeaways There are many apps out there that can help you track your finances separately, but it’s cumbersome and time consuming. A wealth portal puts all your finances in one place, providing you with a quick summary that you can easily glance over once a week to ensure nothing is amiss. Using a wealth […]
Save First, Spend Second
Key Takeaways If you want to build wealth successfully, you need to save first and spend second. The rule of thumb when it comes to saving is to save about 15%. If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go […]
Half the Clothes, Twice the Money
Key Takeaways When we get ready for a vacation, we typically pack too many clothes and don’t budget enough money. When we make big purchases, we tend to forget all the associated costs that come with buying the item. If you plan in some extra money beyond the main cost of what you are purchasing, […]
When Funding Your Child’s Education, Let’s Not Repeat History
Key Takeaways Student debt has doubled over the past seven years. Newly minted 2016 graduates have an average of $37,000 in debt—some have debt loads in the six figures. 529 plans are excellent, tax-advantaged ways for most parents and grandparents to save for a child’s education. Start saving as early as possible in the child’s […]
The Millennial Shift
Key Takeaways With each succeeding generation, the educational and career expectations increase. This delays the start of marriage, family and home ownership. Nearly half of 20- to 29-year-olds have debt today, compared to just 17 percent of 20-somethings who had debt in the 1980s. Long-term coddling by parents, colleges and society isn’t helping young adults […]