Financial Planning

Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements. Source – Wikipedia

plan b

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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financial rebound

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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financial plan

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 …

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financial back up plan

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 …

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investing

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 …

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collections

When a Collection Agency Wants More Than You Can Afford

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 …

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shopaholic

I’m a Shopaholic. How Can I Stop Over-Spending?

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 …

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calendar

Savvy Money-Management Strategies for Every Month of the Year

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 …

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