One of the mistakes I see people making with their money is NOT HAVING A PLAN for it. Now I’m not judging here because there was a time when I didn’t have a plan for my money. It led to: living paycheck to paycheck being inconsistent with making financial progress limited future financial opportunities Not…
The most common financial goals people generally focus on include eliminating debt, investing and saving for the future. While those are very important, there are a few other goals that are just as important. These other goals provide the foundation for successful money management and are great for those who have limited knowledge or experience…
Feel like no matter what you do your financial situation doesn’t change? When it comes to your money does it feel like everyday is Groundhog day? If you answered YES, then it is probably time to hit the reset button. Sometimes it is just better to reset and get back on track financially. There is…
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…
All those long days and late nights of studying have finally paid off. Graduation day has finally arrived! You’ve been imagining this day for a while now and it’s finally here. No more group projects, study sessions, papers to write or final exams. You are now an adult ready to take on the world. But…
The short and long answer is YES. You may be thinking why would I run my household like a business? It’s simple, businesses are organized and operate as 1 unit. They are cohesive and everyone within the business is working towards one goal, helping the business to win. Like businesses, households can fall apart…
When it comes to financial priorities there are many schools of thought, especially when it comes to whether to save or pay off debt first. The majority are of the thought that paying off debt should ALWAYS be first. I say, not so fast, I believe you must find a way to do BOTH. One…
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…
Does your financial plan include insurance? If not, it should. What type of insurance you ask? It depends on your individual needs and goals. Before we get to specific types of insurance, let’s talk about why insurance should be a part of your financial plan. It’s simple; insurance is financial protection against an unexpected or…
