There’s no obligation to merge your finances with your spouse. In fact, in the twenty-first century, separate bank accounts, credit cards, and investments are common, especially with the average marriage age rising, meaning many people already have these things in place long before they get married. You don’t have to file taxes jointly either, and […]
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 […]
Millennials were born between 1980 and 1996, meaning in 2022, millennials are 26 to 42 years old. If we imagine retiring at age 65, that gives us 23 to 39 years to save for retirement. Investing and saving for retirement is one of those things where a little goes a long way. What I mean […]
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 – […]
If you’re 60 or fast approaching it (like me), you’re likely concerned about not having enough saved up for retirement. If so, you’re not alone. According to PlanSponsor.com, last year, only 26 percent of working Americans 60–67 years old said they have enough money to retire. This year, that number dropped to 22 percent! According […]
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 […]