Financial Planning Archive

College is an expensive investment no matter what profession a student may choose. The price of books, tuition, supplies, etc can leave the average student in fear of ways to finance their education. College is …

Unless you live in an urban area offering a plethora of public transportation options, chances are you need a car. When it comes to buying a car, just like when it comes to buying most …

When you are deciding on whether to buy a home, the beauty of numbers can take on a new significance. Why? Because buying a home is a big deal and it can make you a …

The saying that ‘it’s the little foxes that spoil the vine’ is usually true for many people when it comes to managing your finances successfully. Many people end up filing for bankruptcy because of things …

Living comfortably is defined differently by everyone.. The amount of income one has will make a when it comes to what they need to live comfortably. As a general rule the more you make the …

Many people need help when trying to set up a budget. While they have the best intentions, they are not quite sure about the way they should do it. They need help regarding what they …

In a few years, your teenager will be out from the comforts of your home and into the “real world.” As you well know, it’s tough out there and you will be unable to protect …

Financial planning is important to your future. When you begin to plan financially it is important to have a vision. When you have a vision you are more likely to set goals and meet the …

For many students, paying for college can be a difficult task. However, you don’t need to be rich or have a healthy college fund at your disposal in order to finance your college career. There …

With mortgage interest rates at historic 70 year lows now is a great time to refinance your mortgage. Before you refinance here are some important questions you need to answer: Is my home worth more than I owe …

According to the Certified Financial Planner Board, “financial planning is the process of meeting your goals through proper management of your finances”. While financial planning can be complicated for ‘high net individuals’, it is fairly …

When you have too much month left at the end of the money, it’s a pretty good bet you’re living beyond your means – spending more than you make. A staggering number of Americans are …

An average rate of inflation is ideally incorporated into financial planning and projections such in calculating retirement income and the interest needed to meet financial goals with inflation factored in.Inflation can have large affects on …

No-one wants to spend more time than absolutely necessary on setting up and tracking a budget. So a quick and useful budget would have three headings: Income, expenditures and surplus/deficit. Right? No, very wrong. Such …

Almost anyone will tell you when it comes to expenses and major purchases a car will rank second only to a home. This has always been the case when taking relative prices of these two …

One of the most important financial numbers in personal finance is the credit score. Credit score is commonly calculated by FICO, which is the Fair Isaac Corporation. However, another less well known credit score is …

American actor and writer, Stephen Wright, once said, “He was a multi-millionaire. Wanna know how he made all of his money? He designed the little diagrams that tell which way to put the batteries in.” …

The infamous Gordon Geeko character from the “Wall Street” movies once said “..money is not the most precious commodity in our lives…time is”. These words could not be more true. The irony of this is …

Ever thought of marrying to become financially stable? Well, if you never did, then it’s time you start thinking about it. During these times of economic meltdown and unexpected fall in asset prices and job …

Starting a family is so tough. There are a lot of adjustments to be made and the responsibilities will increase tenfold. Many couples who are starting out struggle a lot because they don’t know what …

Funding college can be a daunting and fleeing task. Parents ponder frequently as to how they would manage to finance their children’s college education. These are your average Americans who struggle with mortgage, car payments, …

You are a teenager and you want to fit into the crowd, which might or might not be your friends at school. However, most of those people have things that you do not have because …

Whether it is better to rent or buy a home is more of a function of where you live and your type of work than anything else. The economic conditions play a role in determining …

Paying for college is a very difficult proposition for most people, especially if you are not rich. For people like myself, whose parents were unable to help pay for tuition, it was very difficult to …

Financial issues are almost always thought to be the realm of adults exclusively. However, it is true that we might just need a change in the way that we think about this. Teenagers need to …

How many people would like to be paid to have fun during the last years of their life? When you become 65 years old maybe it is time to simply give up that trek to …

Many people fail to make an accurate assessment of their financial situation. In order to honestly take stock of the reality of personal finances and thus consider future financial planning, it is necessary at times …

It is estimated that, on average, Americans refinance their mortgages every four years. The decision for refinancing isn’t always easy and requires a thorough consideration of several factors that can make or break your strategy. …

A study by The Harris Poll and cited by Go Banking Rates last year found that one-third of Americans do not have any savings or retirement money at all. As the survey looked at past …

All high school students should have a mandatory financial planning course. They should learn everything from how to balance a checkbook , what a week’s worth of groceries cost, what the monthly electric bill costs, to …