Financial Planning for Millennials

Affordable Financial Planning for Millennials

Financial planning for millennialsA recent study was done by a major financial institution on the millennial generation and their money. One of the major revelations was that approximately eighty percent of these individuals that participated in the survey, stated that they learned how to survive and save after seeing how the great recession impacted their elders. Financial planning for millennials didn’t appear to be that important.

However, almost half admitted that their greatest financial concern was debt, and because of the high debt, they were living paycheck to paycheck. View full post…

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Personal Financial Software – Take Charge of Your Spending

What Should I Look For in Personal Financial Software?

Personal financial software helps to budgetI’m sure we’ve all had this situation before: you take a look at your credit card or bank statement and stare at it in disbelief. “When the heck did I spend all that money,” you think. Situations like these aren’t particularly uncommon for virtually anyone in almost any financial situation, and they serve as good illustration of why good financial prudence is necessary.

However, good financial planning often isn’t as simple as “save as much money as possible” or “just pay off your credit cards”. Rather, financial planning is often a complex strategy designed to maximize your savings, eliminate your bad debt, and give you up to date access to your net worth now and in the future.

As such, personal financial software should not only be intuitive but also give you the tools you need to keep yourself financially stable.

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Learn How To Manage Money After Marriage

How to Manage Money After Marriage

How to manage moneyWhen you say “for better or for worse” you never envision that the “for worse” could mean financial woes.  If you have debt, it is best to clear it up before marriage.  Learning how to manage money will prevent you both from repeating the same past financial mistakes and will also ensure that you are both on the same spending and saving page.

Great communication and great financial planning are important pieces that can help to ensure a long and happy marriage.  Money problems are one of the biggest stresses in any marriage.  Learning how to manage money as a couple, setting solid goals, and sticking to these goals provides a great foundation for a new or existing marriage.

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How To Pay For College

How to Pay For College & Keep Debt At A Minimum

How to pay for collegeEvery parent that has a brand new baby is a target for very aggressive new parent marketing.  Free diapers, discounted formula, baby clubs, $1 life insurance policies, and college savings programs are all a part of this direct marketing on how to pay for college.

College savings programs are something that few parents concentrate on in the very beginning of their child’s new life.  Worrying about how to pay for college is pretty far from a new parent’s sleep deprived mind.

Considering that children born in today’s world can expect to pay around $100,000 for an undergraduate degree, college savings programs seems like a very smart move.

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How To Manage Money After You’re Married

How to Manage Money after Marriage

When you say “for better or for worse” you never envision that the “for worse” could mean financial woes.  If you have debt, it is best to clear it up before marriage.  Learning how to manage money will prevent you both from repeating the same past financial mistakes and will also ensure that you are both on the same spending and saving page.

How to manage moneyGreat communication and great financial planning are important pieces that can help to ensure a long and happy marriage.  Money problems are one of the biggest stresses in any marriage.  Learning how to manage money as a couple, setting solid goals, and sticking to these goals provides a great foundation for a new or existing marriage.

Here are some important tips in working out your financial goals with your spouse.

Compare your assets, your debts, and your net worth.  Work together to get all the income and debts organized.  Get together paychecks and other sources of income, tax deductions, savings, and other investments accounts. Compare all your debts to your income. View full post…

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