Having a rainy day fund is such an important aspect of feeling financially secure. Even if you have mountains of debt, having just the smallest nest egg squirreled away can make a huge difference to your bottom line and your sanity. But where should you keep that safety net? Should you just let it sit in your checking account untouched?
With tax reform all but signed into law, there are big changes coming to individuals starting in 2018. For better or worse, there’s a lot of unpacking that still needs to happen, but there are some planning items that you can do right now to save you money.
We’re heading into 2018 at lighting speed so it’s time to take another look at those financial goals and set yourself up for success. Whether you had 2017 goals that fell by the wayside or financial goal setting is completely new to you, here are some tips to keep you motivated a moving in the right direction.
It's almost 2018, which means it's time to get organized for the new year. If you're looking to make those resolutions or just to keep your daily tasks from piling up, a paper planner may be just what you need. Today we're highlighting six of our favorite planners so you can find one that works best for you and your budget.
It’s no secret that children are expensive, but just how expensive are they? I’m sharing what I’ve learned from our family finance journey in the hopes that you can use this as a jumping off point for your family planning.
December is a nightmare that serious budgeters just want to wake up from. It seems like no matter what you do, Christmas will turn your budget into a soupy disaster instead of the structured guide it’s intended to be. While it’s filled with holiday cheer and heartwarming expressions of love, it can also wreak havoc on your bank account. As a result, we’re sharing three ways you can save money this holiday season.
If you’ve ever tried to figure out how long you could go without working then you know all about a financial runway. Whether you’re looking to extend your maternity leave or start a business, it’s the same concept. How long can you keep going before you hit your comfort threshold and dip below your sweet spot when it comes to savings? Here’s a guide and template to help you calculate your financial runway.
We all like to give where we can, especially this time of year when appreciating what we have and taking care of others is at the forefront of our minds. You may be bombarded with requests to give and wonder how you can make your donation go as far as possible. Here are some tips to do just that and to help maximize the impact of your donation.
If you’ve been studying up on personal finances, I’m sure you’ve noticed some cardinal sins from financial advisors. It’s so easy to take these at face value, but the bottom line is that the general rule will not apply to everyone. There are always exceptions, so how do you know if you should be applying these rules to your finances or if making the “wrong” decision is actually right for you. Here are some tips to help you draw that line.
Switching jobs can be a stressful and exciting process. However, there are also some extra financial factors at play that deserve some attention. Here we discuss a few financial considerations to make that you may have forgotten about.
Retailers are attempting to keep their sales up by making it easier and easier to pay for items, and it’s not hard to get sucked into these traps if you’re not paying attention. To help you make wiser spending decisions we’ll highlight three financing methods and what you should look out for.
If you’re anything like me, you heard about income annuities for the first time from some old television star during an episode of The Price Is Right. However, there's a lot more to know about this retirement savings tool. Here is some information you can use to determine if an income annuity is right for you and your family.
When we learned we were expecting our first child last year, we talked about where we would travel and what board games we would play. Secretly, however, I had my own mental list of lesson I wanted to teach her, and they’re lessons I think everyone can use in their financial lives.
On the most frightening day of the year, I felt it was only appropriate to address some finance myths that can also have terrifying consequences. Maybe you’ve heard some of these before, or maybe these are new to you, but familiarizing yourself with these four money myths just might help you avoid a potentially hazardous personal finance blunder.
Today, there is a real focus on educating the consumer and helping you to understand exactly how you can take control of your finances, and this is where a money coach can really come in handy. Learn more about what a money coach can do for you.
So much of what we hear reported in the news stratifies individuals based on their net worth. It’s an easy measure to help quantify economic markers, but is it really a good measure of your wealth and financial health?
So much has been written about millennials and our finances, but like any other generation there’s a range of extremes that may or may not apply to such a huge group of the population. That being said, there are some very real challenges that face this generation. Here we tackle some of the biggest challenges millennials face and address what can be done about them.
Have you ever gotten a new job or a raise only to realize that when payday rolls around you’re taking home a whole lot less than you were expecting? Have you ever thought, “why is my paycheck so small?” While we all expect to pay taxes on our wages, most people couldn’t tell you what all of the line items on their paystub are. Here we cover some of the most common items affecting your take-home pay.
There’s a lot of emotions that go along with money. So many of our highs and lows can be connected to our finances. Today, there is starting to be a greater focus on financial wellness, and one element of this is your money mindset. How do you think about money and how could reframing your thoughts help you live a happier and more financially sound life?
This seems to be the new reality for millennials in the United States. By the time you’ve graduated and realized just how much debt you’ve amassed, it can feel crushing and nearly impossible to dig yourself out from beneath it. However, you do have options we're discussing on the blog today.
It’s the eternal question… How can you know if you’re saving enough for retirement? Everyone is different and their needs for retirement are different, so here are some guidelines to frame your thoughts on retirement and to calculate if you’re doing enough to get there.
Between the Equifax and Target data breaches, whether you’re making a purchase online or in person, your information is at risk. As a result, I’ve taken the stance that I will always assume that my information is out there on the dark web for anyone to use, and here’s what I do about it.
For most people budgeting is not a fun exercise, but not all budgets are created equal. Today we spend some time talking about the zero-sum budget, how it works, and why it may help bring you closer to your goals
Where pensions used to be the standard structure, we now have a hundred flavors of retirement savings accounts. Today we’re breaking down some of the most common retirement investment vehicles to make it easier for you to determine where you should funnel your money.
You started the month with the best intentions, you put together a realistic budget, spent the first week packing your lunches, and were feeling good about things. Then life happened. Here are a few things you can do to get through the mid-month budget fatigue and salvage what’s left of your month.
There’s no arguing that money can be an extremely emotional topic, but factor in a sickness or family death and those effects can be multiplied exponentially. I was 17 when my father passed away. Here are some of the ways his death helped shape my financial views along the way.
If you’ve ever made a budget, you know just how hard it is to stick with it. You may fail month after month to meet your monthly goals, and you’re definitely not alone in that camp. Life will always throw a wrench into your plans no matter how good your intentions may be, but there are some reasons your budget might be failing time and time again. Below we highlight four of the most common reasons and how to troubleshoot them.
Time and again, the question I hear from clients the most is how to choose what financial priorities to put first. It sounds like it should be a simple exercise, but most of us don’t have unlimited money lying around to fulfill all our current and future financial needs and wants. So when you’re working with limited funds, what’s really important? How can you invest for the future and still live the life you want today?
So far this year, we’ve seen the stock market put up record breaking numbers, but several analysts have come out to claim that a market “correction” may happen within the next 18 months. It’s certainly enough to make you take another look at your finances and consider where you have exposure and what can you do to hedge against the next recession.