Bankruptcy and College Savings: Essential Steps for Financial Security
Discover crucial steps to ensure financial security despite bankruptcy and how to safeguard your college savings. Secure your financial future with these tips.
Financial Planning
Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements. Source – Wikipedia
Zero-Based Budgeting: The Powerful Approach to Reclaim Control of Your Finances
Discover Zero-Based Budgeting, the effective financial strategy to regain control over your finances and build a solid budgeting foundation.
The Ultimate Budgeting Advice for Every Age Group
Discover the ultimate budgeting advice tailored to your age group, helping you manage your finances effectively to secure your financial future.
3 Personal Finance Professionals You Need on Your Dream Team
You likely have many teams in your life. You may have a dentist, doctor, and maybe even a therapist that helps you manage your physical and mental health. The same goes for people who support you during critical life events like purchasing or maintaining a home, or going back to school. But what finance professionals …
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Finish Strong – 5 Tips to Prepare Your Personal Finances for 2020
Can you believe 2020 is less than four months away? Do you know the state of your personal finances? If you need some help preparing for the New Year, then you’ve come to the right place! I’m sure you want to be financially successful in the new year, but you might not know where to …
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The 5 Deadly Financial Sins
Various parts of the Bible speak of seven deadly sins, any one of which can lead to damnation. Those sins are: envy, gluttony, greed, lust, pride, sloth, and wrath. These negative traits and characteristics are best avoided because they ultimately cause you to act in ways that are against your own best interests. Likewise, when it …
Best Ways to Create a Safety Net After a Financial Downfall
Any type of financial crisis can wipe out your savings account and have you saying goodbye to your safety net or financial cushion. While adjusting your budget after a financial downfall can help you get things back on track, you’ll need a plan to recreate that safety net. “Finding” money to build up another emergency …
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Are You Making These 5 Mistakes That Can Ruin Your Retirement?
It’s hard enough to save and plan for retirement. So why make it even more difficult by committing costly mistakes? Here are 5 blunders that can derail your plans to retire in comfort and peace. 1. Following the herd Who cares if everyone on Wall St. is planning on buying Facebook shares or the “hottest” …
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12 Financial New Year’s Resolutions
If one of your New Year’s resolutions for 2012 is to improve your finances in some way, join the club. According to a survey from TD Ameritrade, 73% of Americans will make at least one money-related New Year’s resolution. Regardless of your current economic circumstances, here are 12 crucial and doable financial goals worth putting …
3 More Signs You’re a Financial Train Wreck Waiting to Happen
In my previous column, I explained three red flags about your finances that you should be concerned with fixing immediately. Those previous three issues might seem like obvious economic problems. But what about three factors that are not as obvious? They too could set you up to be a financial train wreck. Here are another …
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Planning Your Finances? Use This One Strategy For Economic Success
If you’re ready to get your finances in tip top shape for the New Year, there is one simple strategy that can help you achieve economic security and success. The strategy is to ask yourself “What if?” and then come up with a preventive or proactive solution. “What if”: I lose my job (Would you …
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I Feel Like I’ve Lost Everything – What Should I Do?
Q: Two years ago I lost my job working at a New York bank making about $85,000 per year. Prior to my layoff, my financial situation looked something like this: Assets Savings of about $18,000 $60,000 in my 401k A $400,000 house with $170,000 in equity Liabilities A HELOC for $25,000 at 5% A $488 …
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How To Create a Realistic Financial Plan
A proper financial plan provides you with a snapshot of where you are today – in terms of assets and liabilities, and your current cash flow. It also outlines your short, medium, and long-term goals, such as saving for a down payment on a house or taking a dream vacation. Finally, a well crafted financial …
How to Create a Solid Financial Back-Up Plan
Life never goes exactly according to plan, which is one reason 42-year-old Jeannine McCurrie knows how important it is to have a financial back-up plan. McCurrie was just 29 when her 32-year-old brother was shot and killed, leaving behind three small children under the age of seven. At age 31, McCurrie suffered the loss of …
Why It’s Never Too Late to Start Investing
Q: I am 26 and behind in the investing game. My bank offers a Roth IRA and i’m going with that. I was thinking about going with Edward Jones for a 401(k). Is this a good idea? A: Congratulations on getting started investing. You’re not too late to the investing game: you’re right on time. A …