Did you know April is Financial Literacy Month? The Jump$tart Coalition for Personal Financial Literacy began promoting Financial Literacy Month back in 2000 in an effort to highlight the importance of teaching more Americans about money matters. The U.S. government officially recognized April as Financial Literacy Month in 2004. But why? Do we really need financial education and … [Read more...] about Ready to Raise Awareness and Encourage Financial Literacy?
YOUR NET WORTH = WHAT YOU HAVE – WHAT YOU OWE It’s that simple. A few times a year, I take a moment to calculate my net worth. I pull up my spreadsheet, log into my accounts online, and enter the balance of each of my retirement accounts, savings, investments, etc. I don't own a home, but if you do, make sure to include its approximate value. Then I enter any debt that I have. For you, … [Read more...] about How Do I Calculate My Net Worth?
Happy New Year! The start of a new year is a great time to take a look at your financial life and do some assessing. Getting out of debt and saving money often top the list of most popular New Year’s resolutions, but this year, I challenge you to create better habits. Examine your bank account, retirement accounts, credit card statements, monthly payments and debt load and write down three … [Read more...] about Financial Goals and Habits for the New Year!
Taxes are not the most exciting thing in the world, so I thought I’d start with this short video on Cats Doing Taxes from one of my favorite non-profits AccountAbility Minnesota. (BTW: if you search for “funny tax videos” on YouTube, the results stink. Note to CPAs everywhere: please make a funny tax video that I can insert in my blog posts on tax tips). Tax planning is a really … [Read more...] about Tax Tips for Millennials
Just because I’m a financial planner doesn’t mean I’ve checked off all the items on my own financial to-do list! I’ve been feeling a bit overwhelmed by the mounting businesses and personal financial tasks that I have on my plate — and I decided that if I’m feeling this way, maybe my readers are too. Here’s what I do when I’m feeling overwhelmed by financial tasks and don’t know where to … [Read more...] about 5 Steps To Organize Your Financial Life
Many millennials don’t associate insurance as part of their financial picture, but it’s an important piece of financial planning. We are so focused on saving, paying down debt, and investing, that we sometimes forget about protection planning. Please note: every person’s situation is different so it’s important to work with a comprehensive financial planner to make sure you have the … [Read more...] about Protect Yourself and Your Stuff – An Insurance Overview