Many people feel that financial planning is a large complex process that costs a lot of money. The truth is that financial planning is any planning you do to grow or conserve your wealth. This can be anything from a decision to save, to a complex formal document that analyzes every aspect of your finances.
To develop [...]
If you were going to build a house, you would need a house plan. This plan would tell you the size of the house, and how big each room would be. It would tell you where the windows would go and how high to make the ceilings. You would see where to put in the [...]
In the midst of our rush to earn money, our scramble to save for retirement, our focus on frugality, it’s easy to lose sight of why we’re doing this. What is the goal? What is it we’re trying to do? For many, the answer is to achieve Financial Independence.
What is Financial Independence? Why is it a worthy goal? To [...]
Your attitude and your willingness to do the following things may determine whether you succeed or fail.
Goals are important because they keep track of your progress, and they will allow you to adapt to the ever changing world we live in. You can either choose to run and hide from change, or you can embrace [...]
A reverse mortgage is a good tool for financial planning and flexibility in the golden years. There are only a very few requirements for eligibility. The borrower must own and live in the home as a primary residence and be 62 years of age or older. If husband and wife are both on the title, [...]
An income tax refund can never come at a bad time. If you are one of the luck ones receiving money back from the IRS this year, you should spend your tax refund on something that will benefit you in the long run. I would imagine many Americans wished they had an emergency fund set aside for [...]
Continue reading about Start An Emergency Fund With Your Tax Refund
Without goals, you have nothing to work for. The same applies for making and maintaining a proper budget. You have to t set yourself up with guidelines and goals, this is the only way you’ll know if you’re moving in the right direction or not. Having clearly defined financial goals is instrumental in determining whether [...]
In these tough economic times, there is a lot of discussion about the state of the economy in general terms. The credit crisis and the various plans to move the nation out of spiraling debt and into more thriving times is the hot topic of every media outlet. What we each need to be doing [...]
It used to be the idea of financial planning was a small emergency fund in a mason jar stashed in the furthermost corner of the closet. Things have really changed. It doesn’t seem like that long ago but, our world is growing in leaps and bounds. I guess the smart thing to do is grow [...]
Without spending wisdom, you can waste thousands of family dollars throughout the years. Consider the following shopping suggestions to save money:
1. Don’t go into a store hungry!
If you go shopping for groceries while hungry, you are going to snap up the tempting goodies. You are using your stomach to guide your decisions instead of your [...]
