Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements. Source – Wikipedia
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” […]
Are You Making These 5 Mistakes That Can Ruin Your Retirement? Read More »
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
12 Financial New Year’s Resolutions Read More »
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
3 More Signs You’re a Financial Train Wreck Waiting to Happen Read More »
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
Planning Your Finances? Use This One Strategy For Economic Success Read More »
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
I Feel Like I’ve Lost Everything – What Should I Do? Read More »
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 Realistic Financial Plan Read More »
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
How to Create a Solid Financial Back-Up Plan Read More »
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
Why It’s Never Too Late to Start Investing Read More »
Q: I owe Dell Computer about $3,000 due to lack of payment. I tried to pay them monthly but they won’t accept that. They want a settlement of $1,800 or payment of $450 a month which I do not have. I am dealing with their collection agency. How do I handle this? A: Even though
When a Collection Agency Wants More Than You Can Afford Read More »
If we’re honest with ourselves, many of us will admit that so much of what we spend money on – and why we spend money – is tied to our emotional state. Sometimes we spend money completely on a whim because something struck us a being a “must have” item in that moment. Later, that
I’m a Shopaholic. How Can I Stop Over-Spending? Read More »
There’s no better time than the present to kick your finances into high gear. But why limit yourself to just making a single financial New Year’s resolution in January when you can plan a series of smart financial moves for the entire year? Use these financial planning tips and savvy money-management strategies for help with
Savvy Money-Management Strategies for Every Month of the Year Read More »
