Honestly, when it comes to budgeting, there are no hard and fast rules. Everyone is free to develop a system that works for them. Some people run a tight ship, some get by with no budget at all (and still don’t overspend). Others use budgeting apps or replace a strict budget with mindful spending. If […]
Lifestyle inflation is a simple concept. As your income rises, so does your standard of living. But to build wealth, you need to save more. Even though you’re making more money, do you feel like you’re stuck on a treadmill with no increased savings to show for it? Lifestyle inflation is what keeps many in […]
Traditional financial planning focuses on buying a home, raising children, funding college, and retiring. Special needs financial planning, on the other hand, is designed to help you manage your money so that you can provide for the lifelong needs of your child with special needs. Get to know financial advisors who specialize in serving special needs […]
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” said Tim Gurner on “60 Minutes” a while back. His comments, appearing to deride millennials’ financial habits, caused quite a stir. While nobody would argue that eating out is the most efficient way […]
As the saying goes, there are only two things for certain in this world: death and taxes. Taxes impact everyone, yet most people struggle to understand the tax structure, how taxes work, and how taxes affect them. Wading through the thick tax codebook is overwhelming and confusing, especially for businesses. Enter the tax accountant – […]
Kids’ cartoons (at least ones from the 60s and 70s) are full of offbeat wisdom. Of course, most of it goes right over the heads of their intended audience, kids. However, it seems to also go over the heads of many of us adults, who should arguably know better. Case in point – Wile E. […]
You’ve thought about it and ruled out walking, public transportation, Uber, and even renting a car only when you must. None of that works for you. You’re getting a car of your own, and that’s that. Your options are to (a) buy new, (b) buy used, or (c) lease new. Which makes the most sense? […]
There are a few clear signs that your finances are out of control. And some relatively simple ways to get them back on track. You may be losing control of your personal finances if any of the following are true. You Avoid Looking at Your Bank Balance If you don’t know where your money goes […]
You’ve heard the term “old money,” but what does it mean? And if there’s such a thing as old money, then what is “new money?” And what’s the difference between the two? Let’s dive in and learn more about old money and new money. What is Old Money? Families with old money have inherited their […]