It’s pretty easy to rattle off your monthly expenses: Rent or mortgage payments, utility bills, Internet, student loan payments, car payments, food, gas. On top of paying those bills, I also recommend setting aside money in your emergency fund so that a surprise doesn’t cause you to fall behind on those bills. But if you look through your last year of credit card statements, you’ll see a whole … [Read more...] about How A Revolving Savings Account Can Help You Budget Better
When Nothing Goes According To Plan, Having A Plan Matters Most
Even if you didn’t experience financial instability in 2020, it’s OK if this feels like a lost year. Be kind to yourself. You don’t have to hustle your way through the pandemic. If you lost some or all of your income, had to delay a big financial step, or had to stop saving for retirement, you’re far from alone. One in three American adults has had to pull money from their savings or … [Read more...] about When Nothing Goes According To Plan, Having A Plan Matters Most
How to Make Money Moves When You Feel Stuck
It’s really common for us to work with clients, or chat with friends, who are fortunate to have extra money on hand, but they don’t know what to do with it so it sits in cash in a bank account. This is so common for our generation! Many of us aren’t 40 yet, but we’ve now experienced two periods of economic and job uncertainty. We cling to our cash like it’s some kind of security … [Read more...] about How to Make Money Moves When You Feel Stuck
Pandemic Savings Habits To Adopt For The Long Term
The COVID-19 pandemic is still raging across the U.S., and it has affected every aspect of our lives. Millions of people have lost their jobs. The federal government passed an enormous stimulus package and may pass another one soon. Most of us haven’t eaten in a restaurant, watched a sporting event, hugged a friend, or boarded a plane in months. Some industries, like movie theaters and cruises, … [Read more...] about Pandemic Savings Habits To Adopt For The Long Term
The Building Blocks of Financial Security
Every path to financial security starts somewhere. Some of us had a leg up, in the form of debt-free college educations or trust funds. But lots of us didn’t. As you’ve probably read, fewer than half of Americans have enough money saved to cover a $1,000 emergency. If you don’t have an emergency fund or if you’re afraid to look at your credit card balance, you’re far from alone. The good … [Read more...] about The Building Blocks of Financial Security
Gen Y: Should You Save More or Earn More?
Here’s what I love about Millennials: our generation wants to learn about money. Young professionals want to know how to be better with money than their parents and their peers. They want to avoid making the same mistakes, and to ensure their financial future is secure. I love that Gen Y is eager to learn and is asking questions like, “How can I be financially successful?” If you turn to … [Read more...] about Gen Y: Should You Save More or Earn More?