The goal for most parents is to raise children who grow up to be successful and independent. And young people who recently finished college are especially eager for independence. However, rent, student loan repayments and other financial obligations can make it a struggle to get started in life. Some parents may consider offering their children… Continue reading
People who are serious about improving their physical health know that it requires effort and a series of small steps taken over time. It’s much the same with improving your financial health. Here are some steps you can take to start or continue your journey to financial wellness. Look for Savings in Your Day-to-Day Spending… Continue reading
Do you wait until May to take down your holiday decorations? Do you hit snooze on your alarm clock each morning? Do you put off grocery shopping until the only food in the fridge is a three-day-old leftover meatloaf? Then chances are, you’re a procrastinator. When it comes to managing your finances, procrastination can put… Continue reading
Unless you’re planning to move to a new and more expensive city, you probably don’t give much thought to the cost of maintaining your lifestyle – or your personal “cost of living.” But your cost of living can change without a cross-country move. You might buy a car that’s more expensive than your last one…. Continue reading
Most of us will be on a fixed income once we retire. In addition to any pension or social security benefits we might receive, we will need to determine how much to pay ourselves out of our retirement savings account. Retirement industry experts recommend planning to be able to replace 80% of your pre-retirement income…. Continue reading
Budgeting for retirement can appear to be a daunting and complex task at first glance. However, the simple 50/20/30 budgeting rule can ease the burden and bring you peace of mind. The rule provides a balanced budget that can be adjusted to fit your personal financial goals. The 50/20/30 rule divides your after-tax, take-home pay… Continue reading
We should spend less than we make. That seems like a simple concept, so why is it often so hard to do? Without a budget in place, it’s easy to overspend on the things we want and leave ourselves without enough money to cover the things we need. Focus Your Spending on the Essentials The… Continue reading