Helping a loved one who has just lost their spouse can be an emotional, frustrating process, but the good news is there are several ways to be of help without feeling like you’re intruding. Often, an individual who is dealing with the aftermath of death faces significant challenges involving their finances or View full post…
Small business owners are no strangers to economic volatility. Uncertainty in the market can have a significant impact on businesses of all sizes, and it’s important to stay ahead of the curve by having a plan in place for dealing with potential financial turbulence. In this post shared below by the HBS Financial Group, we’ll discuss some strategies you can use to help keep your small business growing despite economic volatility. View full post…
If you make huge money mistakes early on in your life, it could have a negative effect on your future. This is why young people starting out in their career need to be very careful in making financial choices. Any of the 7 money mistakes listed here could easily develop into a habit that could have a lasting impact on View full post…
I get a lot of e-mails from readers who bought into the idea that every child should have a college education. By the time Johnny graduates, he’s facing about $100,000 in student loans, and is having a hard time finding even a low paying job, let alone in his career field. Starting out your life with little income and very high debt, can be very depressing. There are many good careers without college education.
I’ve been preaching this for View full post…
Either one is an acceptable goal, but is one better than the other, or maybe you should do both? There are many opinions to the answer to this question, so let’s explore some of them. People who have created a budget and have extra cash, are sometimes faced with this dilemma.
So, should you pay off debt or invest that extra cash? A broad answer is there is no one size fits all situation. It all depends on a lot of factors surrounding your personal financial circumstances.
Using your spare cash to invest or View full post…
Being in a mature relationship is all about sharing…or is it? It generally is, until the matter of finances comes up. This topic, according to a recent survey, is where about half of the couples go in separate directions. That is, they prefer to maintain their own bank account, separate from their partner.
If you and your partner find sharing expenses a big hassle, then splitting finances might be just what works View full post…
Managing your money effectively is not hard to learn. The very first thing you need to understand is your monthly bills don’t determine how all of your money is spent. You do! Spend as much time as you need, to know exactly where your money goes, and why.
If you ask the typical person “where does your money go”, after a blank stare, he may say, my bills. They may, in fact, go to the bills, but what bills? Most of us have rent or a mortgage payment, maybe a car loan, and today especially, student loans. Many others have high credit card balances too.
If you really want to get a handle View full post…
5 Tips for Couples to Manage Their Joint Financials
Financial issues often lead to frustrations when they are not organized well enough. When it comes to couples, it is even more important to have strict and tight administration, as it can slowly but steadily build up unwanted tension even in the best relationship. In this article, we gathered a few tips and tools that make our lives easier.
Tip #1 – Be open about it
Both members of the couple will join the relationship with some kind of history. One may have had an adventurous life, while the other may have had an eventful financial past. If you are open about your economic background from the beginning View full post…
We all have our own definition as to what an emergency is, but in this article, we’ll give you the true meaning of an emergency, and how to prepare for one. Creating an emergency fund is one of the most important steps to take.
There’s two things for sure about any emergency – they can hit you from anywhere, and they will always happen at the worst possible time. And, if you don’t have a cash buffer handy, you’re in for some hard times.
Does Covid-19 ring a bell? Those who set up an emergency fund are having an easier time meeting their living expenses than most others. This is a perfect example of how and why the need to create an emergency fund.
There’s no need to panic if View full post…
Prior to 2014, with the exception of a Special Needs Trust, there were very few financial vehicles available to provide care for individuals living with a disability. For almost a decade, various advocacy groups for the disabled began to lobby Congress, and then in 2014, an act was passed.
This new law was known as Achieving a Better Life Experience, or ABLE as it is most commonly referred to today. In its simplest form, an ABLE account permits creating tax advantaged accounts for individuals with disabilities to be able to save money. The new law allowed View full post…
