Financial Planning Archive

Over the last few years, the financial world has had some very hard times and people have lost a lot of money, including a large group of retiring workers.  Financial planners have had a very …

Two years ago my wife and I had a baby girl. We decided it would be best for her to stay home with our daughter, but that comes at a cost. Throw in the extra …

There are many decisions that can negatively impact your financial future – both big and small.  Some of these are obvious and well-known, while others may be a surprise.   In general, saving money on a …

Investing in some retirement accounts are more beneficial than others. There are several plans to take advantage of that will ensure you have plenty of money for you at the end of retirement if you …

Daily disposable income is what you would use for things like going out to dinner or a movie, going to the mall and other things that are more “fun” in nature and not a requirement …

One of the most important things that you must learn as you become an adult is how to manage your finances efficiently. Unfortunately, these skills are almost never taught in school. Therefore, teens rarely have …

For someone in his or her 20s just starting out, the world is your oyster. Right now, change has become somewhat of a way of life for you. It is time to choose a career, …

Hopefully, you will trust your financial planner enough to follow his or her advice. After all, that’s what you pay for. However, it’s important to remember that the financial planner works for you, not the …

Whilst some teens are lucky enough to have their holidays financed by their parents, others will be relying solely on any income that they make form summer jobs. This can be quite a positive thing …

Plan early and thoroughly. Seems simple enough, but there are some tricks to being effective. Asset protection At the time you acquire your first asset, you need to be planning your estate. This includes everything …

There is often a tendency for parents to keep their children ignorant of family financial affairs, believing that they will have plenty of time to worry about their own once they leave home. However, that …

While married couples are expected to do some sort of financial planning for their future single people usually aren’t expected to do the same financial planning. Just because you’re single doesn’t mean you don’t need …

Feng Shui is an ancient Chinese method of living in harmony with the natural energies of the living earth. It is not magic or religious. It is best described as a body of knowledge and …

When used responsibility, credit cards are a good way to build credit, earn rewards and pay for emergency expenses. Unfortunately, there are few credit card companies willing to offer low interest rates to consumers with …

Teenagers are at a difficult time in their lives. They are transitioning from child to adult and they are very vulnerable to peer pressure as they are so easy influenced. It is vital that at …

The idea of how to spend your money, may seem like a scary task but it doesn’t have to be. The first step to any plan is knowing where you stand, financially. The Budget Make …

The choice to use a financial planner (FP) is a personal decision. Using a FP is a lot like finding a knowledgeable CPA, a competent lawyer or a fantastic hair stylist. When meeting with a …

Surviving the economic crunch will take perseverance, endurance and patience. Many individuals are experiencing the first hand effects of this recession. People have lost their jobs, portions of retirement, and watched the value of their …

Non-traditional couples can include same-sex partners or heterosexual couples who are living together but choose not to get married. People in these types of relationships often do not receive the financial benefits and protections of …

Financial plans are essential in determining the success or failure of any business. It also helps get you well organized in your finances, and it will save you from making huge mistakes with finances. A …

Poverty hurts. It can be as debilitating as an illness and as crippling as a death. Everyday struggles just to pay the bills and feed the kids can seem insurmountable at times. The emotional trauma …

Teens can earn a decent income from working through summer. Working during the summer helps teens to keep focus and remain active while earning money for the future. It is imperative for teens to save …

In these hard economic times, it is necessary to develop a budget. Many have little practice in cataloguing their income, and even fewer have experience tracking their expenditures. Nevertheless, to be financially solvent, the development …

According to a report released in 2005 by the U.S. Census Bureau, approximately 90 million adult Americans were single. That’s 41% of all U.S. residents over the age of 18. People often assume that financial …

Your daily disposable income (DDI) is the money you have available to spend after your financial obligations, including fixed expenses and taxes, are met. In such a financially unstable environment, spending less and saving more …

College costs have risen dramatically over the last decade, which can lead to anxiety about the prospect of funding a college education if you’re not rich. However it is now possible to seize the opportunity …

A large number of people are finding that they are facing a debt crisis today. For some, their debt crisis occurs when they find that their credit limit has been cut and they can no …

Determining your Daily Disposable Income (DDI) is a smart thing to do, as an adult and even as a teenager moving out on your own for the first time, so you are aware of the amount …

It’s simple to learn how to budget your money if you follow these basic steps – although it will take a certain amount of time and dedication. 1. Count your earnings. How much money do …

An accurate personal budget is extremely important if you have financial goals in life. However, most people throw the word “budget” around as if they were actually living on a budget. Unfortunately, they usually aren’t. …