When there is a reduction in income whether it is due to a job loss or reduction in hours, it can really take a toll on the family. Before we get into the financial aspect let’s consider the emotional and psychological impact job loss can have. Now is NOT the time to shy away from…
Budgeting is a main component of your financial plan. It helps you to allocate your financial resources according to your financial goals. The general idea of a budget is to use your income to take care of your expenses and help you achieve your financial goals. It seems really simple, right? Well there are a…
How’s your emergency fund? Are you prepared for unexpected expenses? A recent survey revealed that >50% of Americans are NOT be able to cover a $400 emergency. There was a time when I too wasn’t able to cover an unexpected emergency and believe me emergencies did happen on more than one occasion. It was…
