Smart Spending
Key Takeaways The idea that the more expensive the item, the better quality it is, no longer applies. Many of the decisions we make are based on emotion, so when it comes to spending, you want to make sure you know what you value, so you don’t spend money on extras you don’t need. Being […]
Four Financial Steps for the College Graduate
Key Takeaways If you’re a new college graduate starting your first job, it’s important you have an idea of what your budget will be. Some planning now will lay the foundation for good financial habits in the future. Know what your income and expenses will be, so that there aren’t any big surprises down the […]
Financial Literacy
Key Takeaways Recent graduates may find themselves at a loss when it comes to managing money. Having a steady income is likely the first time they’ve encountered larger amounts of money. There are five common mistakes that people who are inexperienced with handling money tend to make. Florida’s Governor DeSantis recently passed a financial […]
A Subscription to Build an Emergency Fund
Key Takeaways Many Americans don’t have enough to cover a $400 emergency. If you don’t have an emergency fund, there’s a simple way to get one started. Think of your emergency savings as a subscription program that you pay every month. A survey conducted by the Federal Reserve Study revealed that 41% of Americans don’t […]
Paying Down Debt VS. Building an Emergency Fund
Key Takeaways Paying down debt and building emergency savings are really two sides of the same coin. Whether you choose to focus on one or the other depends upon your mindset. What’s important is to keep making good decisions on money. Six of one, half dozen of another is a phrase that comes to mind […]
Combating Lifestyle Inflation
Key Takeaways Lifestyle inflation is something that can creep up on you, but if you stay aware, you can combat it. Divide your salary into objective and subjective parts. If you get the objective side right, you can enjoy spending the subjective side. You’ve likely heard the anecdote about frogs in hot water. If you […]
5 Powerful Money Pivots
Key Takeaways COVID-19 has changed numerous things in our daily lives. One of the biggest changes is the way many people are spending and saving their money. If you’re looking to make the most of your money habits, consider these five powerful money pivots.
Responsibility with Credit Cards
Key Takeaways It’s a commonly held myth that having a lot of credit cards hurts your credit score. How you use your credit is what affects your credit score. Make sure you know your utilization rate and that you’re responsible in your spending when it comes to your credit cards.
Are You Honest With Yourself About What You’re Spending and Saving?
Key Takeaways A significant percentage of millennial and Gen X investors lie about their spending or saving habits. However, millennial investors rank honesty as the most important quality in their financial advisors. Without honesty, you can’t expect progress.
Living Within Your Means: How it Affects Your Happiness
Key Takeaways It’s human nature to compare ourselves to others, and comparing incomes and lifestyles are no exceptions. There appears to be a “happiness threshold” where one’s happiness doesn’t increase with incomes over $75,000. Understand that living within one’s means is going to vary, based on income levels, so rather than compare yourself, consider what […]