Financial Planning Archive

Budgeting is a process whereby individuals or households assess how much they are spending, what they are spending it on, and how they can save more money. Setting up a budget is an invaluable step …

Making a budget impacts financial planning a great deal. Actually a budget is one of the keys to financial planning. Without a guideline for your expenses there isn’t anyway to see your plan in action. …

Buying a house is one of the largest financial commitments that you will make in your life. Houses don’t come cheap, and planning ahead of your purchase is a necessity. Most people are not fortunate …

Saving for college education is something many parents take for granted not realizing the enormous burden it may incur when it is actually time to ‘pay’. At the same time, not taking into account the …

What would you do if your furnace died in the middle of the winter or if your car started smoking when you got in to go to work one morning? Most people would get the …

There are several smart financial tips that people in their 40s can practice. These tips will work regardless of your marital status. It is not too late for you to use these financial planning tips …

In this time of uncertainty many people are searching for better ways to keep more money and survive the current recession. Spending less money for jewelry, travel and entertainment are the first items most people …

In order to discover the millionaire in you, you need to have the courage to stand by your conviction and take the risk when everybody else disagrees. It is about saving and giving your money …

Henry Ford Sr. once said, “It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before …

As a semiprofessional photographer, specializing in travel and wildlife photography, I have been researching the best ways to sell my photographs. This has always been fairly difficult over the last couple of decades, but now …

There is far more to protecting yourself financially than securing your income. When it comes to a recession the best defense if to be prepared. Even if you are not there are things that you …

Generally, people are afraid of early retirement thinking that they might have to undergo both financial as well as psychosocial difficulties by not engaging in their usual ‘work’. However, there are instances where certain professions …

The financial status of married couples is all too often the reason for divorce. In many cases, couples just do not properly communicate about their financial situation and only one half of the couple ends …

What would happen to the “little” man if all the banks failed? How scary is the thought that you would have no money, no house, no savings, no future. The thought that entered into my …

Saving up for a house is not an easy task, especially when the lenders expect the borrowers to pay up to 20 percent in down payment for most housing mortgages. Thus, even for a $200,000 …

It is always a happy event finding bills in the mail, the billing companies always look forward to contacting you and they will always certainly be courteous enough to make sure you get a letter …

Financial planning involves far more than the making and sticking to a budget. It covers things such as emergencies and retirement as well. Even the goals that you have in life can affect your financial …

For some reason, regardless of how much you hear about it on television and read about it, there are still many people, especially those in the lower class that believe that just because you are …

Budgeting is, at face value, not a complex concept. The individual or organization forecasts revenue and balances it with expenses to come up with an outcome that is satisfactory to all parties involved. Of course, …

Teaching young children about finances can be a difficult task. Sometimes they just don’t understand why you can’t afford to buy them everything they want or why you don’t have more money. Their undeveloped minds …

Should you inherit your children now or let them wait! My firm opinion is there is no good answer to this question. I lean towards waiting if you can, and if it makes sense. The …

It is essential, in the current financial climate, that we get to grips with managing money. Being a ‘money saving expert’ may be some way off, but the sooner we address the issue, the better. …

From time to time everyone has to turn to others for support, advice and practical assistance. They may need help with a job they’re working on, emotional support or a loan. Life is full of …

If you are setting up a budget work sheet, then a suitable software package can make some difference. Certainly, there are a variety of software packages which may be suitable for budget work sheets. Spreadsheet …

As the economy continues to recover slowly from the recession, many employees are slowly regaining their confidence in saving for retirement. The Great Recession took its toll on many retirement accounts, causing millions of dollars …

Evaluating your Budget Managing your budget does not have to be difficult or time consuming. By taking some fundamental steps, you can gain better control of your spending and develop a more detailed view of …

The saying that ‘we will cross the bridge when we come to it’ does not work financially. Everyone can end up in a financial mess, no matter the size of their income if they don’t …

At first glance the idea that there could be a disadvantage to having a second income seems outrageous. After all, who doesn’t need more money? However, when you properly examine the situation, you may well …

The very first taste of money you get is probably the sweetest. It is the time when you feel that you have actually gone out and earned what you are paid. For many of us, …

Goal-setting is the starting point of any task or journey to be undertaken. This is applicable to the realm of finances as it is to most other endeavours. Some may argue that people can survive …