After the panic of losing your wallet wears off, one big lesson remains…
Most couples take an in-depth look at their finances just twice per year, at year-end and tax time. Even for many of those couples, ‘in-depth’ may entail little more than actually fully reading all of their bills and account statements. Thus, all too often when one partner wants to have a more detailed discussion about finances, stress and arguments ensue.
5:15 am is just too early to get up on a Sunday. Or any day in my opinion. Sure, maybe you get up early to train for a triathlon or nurse a baby or go to the airport, but none of those apply to me right now. My 2-year old daughter does not seem to comprehend. What she does understand though is the grumpiness that kicks in around 3:00pm when the early start begins to affect Mommy’s mood.
With any type of stress, and perhaps financial stress most of all, it is easy to focus on what you don’t have. Try these exercises to help focus on the success you have had and your ability to do more without doing it all.
Consider the importance of securing your own “oxygen mask” before helping anyone else. Does your spending plan include room for self care?
On a near daily basis, my mother (a lovely woman) forwards me ‘important’ email she’s received that frequently turn out to be urban legends, bogus stories or digital-age chain letters. So when she emailed me last week to tell me that she had found $44 that belonged to me I was a bit skeptical.
As a Certified Financial Planner™ focused on helping new parents and young families, the most common question I’m asked is, “What is the best investment vehicle to use to save for our child’s college education?” My answer may stun you: Maybe you shouldn’t be putting anything way for college just yet.
Like the beating of the Telltale Heart, you can hear the minutes until your taxes are due ticking away. There’s just one big problem: You don’t have the money to pay your taxes this year! While this isn’t a great situation to be in, there are some reasonable options to help you minimize the impact of this predicament.
Spring is finally here! As you begin to enjoy the longer, warmer days and set aside a weekend for spring cleaning, take some time to give your finances a spring cleaning as well!
As a financial planner, my clients often ask my opinion on financial products that they are considering purchasing, and several of them always appear to me to offer dubious value. (Note: I don’t necessarily consider any of these products to be a ‘rip-off’, but generally have not found a situation where they are worth their price). So, here are five heavily marketed products that you may wish to avoid!