Raising a family is expensive. There’s no way around it. It’s been estimated that it costs a little over $230,000 to raise a child to the age of 17. This obviously doesn’t include sending that child to college, paying for their wedding, or any of the other costs we still expect as the parents of adult […]
In the face of a challenging and uncertain economy, individuals and families across the nation are grappling with tough decisions to ensure their financial stability. As the cost of living continues to rise, an unconventional idea is gaining traction: raising chickens for their eggs. While it may sound like an old-fashioned idea from a bygone […]
In today’s world, mastering your personal finances is a huge part of achieving your dreams. Yet most of us don’t learn this skill in school and are left to figure out our finances through our own life experiences and searching for useful resources. Fortunately, a growing field of financial professionals who call themselves financial coaches […]
Here are my top 7 ways your budgeting fails at getting you to your goals and what you can do differently to win the budgeting game. We had just moved to the US. Both of us were 30, and we had two toddlers. We needed to have enough money to buy a used car and […]
“Financial illiteracy is not an issue unique to any one population. It affects everyone: men and women, young and old, across all racial and socioeconomic lines. No longer can we stand by and ignore this problem. The economic future of the United States depends on it.” – President’s Advisory Council on Financial Literacy While a […]
One of my favorite quotes ascribed to Albert Einstein, “Every problem should be simplified as far as possible, but no further.” The 50/30/20 rule fails this admonition. Badly. Budgeting. It’s probably right up there in your list of favorite things to do (sarcasm alert!), along with visiting your dentist. Unfortunately, like visiting your dentist, it’s […]
Whether you are planning for early retirement or traditional retirement in your late 50s or 60s, you will need to answer two critical questions: How Much Money Do I Need to Retire? The critical question that will determine how much you need to retire is how much you’ll plan on spending in retirement. Most people […]
Picture yourself sitting in a small boat on a wide river. The water moves calmly, almost majestically, downstream. All around you are other people, each in his or her own little boat, and you’re all floating downstream. Some are caught in a little extra-fast eddy, moving downstream a bit faster. Others, in a calmer part […]
We all want to be financially secure, but if 2022 taught us anything, that’s easier said than done. You may want to make more money, or maybe you want to pay off outstanding debt. Regardless of your goals, one thing remains the same: you need a strategy to reach your goals. It’s easier to create […]