When it comes to finding balance in your spending, standard advice says that you need to make a budget. How successful is that? One survey found that 74% of consumers say they have a budget, yet 79% fail to follow it. So, how can we flip the script on this story? We break down how […]
I’m a big fan of cash flow planning. Here’s why.
As a planner working with people in their 30’s and 40’s, I spend a lot of time planning for investments, taxes, and risk management, but today I’m emphasizing the importance of cash flow planning. Cash flow planning is about knowing your income sources and sticking to a spending plan so that you’re able to save! […]
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Financial Planning for Women Is About Flexibility and Balance
For women in their 30s and 40s, having a career and a family is a big part of their life. Motherhood looks a lot different now, as women have more choices at every step. Having a career, delaying motherhood, and putting a career on hold to be a primary caregiver to kids (or others) are […]
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Having Money Conversations with Your Partner
Money is personal to each of us and deeply related to our histories, childhoods, fears, and dreams of success. For most couples, sharing finances at some point becomes necessary and desirable. So how do you successfully combine finances in a way that protects each person and lets you move ahead together? It starts with good […]
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Financial Fitness – Mid-Year 2022 Check-In
Summer is here! Kids are out of school and all the vacation planning is coming to fruition. It can be a good idea to take stock of your financial picture and make updates where necessary. Below are a few things to consider to keep your plan in shape. We’ve talked about them before, but it’s […]
The Mid-Point of Your Career: Creating Options in Life and Work
Reaching the mid-point of your career isn’t like getting your first high-paying job or the last few years before retirement. Those milestones track closely to age, with the first big job coming in your twenties and retirement happening in your late 50s or early 60s. The mid-point is different. It lasts a lot longer – […]
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The New Value of Advice: A Holistic Approach for Everyone
In the 20th century, as the “pay for product” model took root and flourished, financial advice became all about asset selection, except for the very wealthy with enough assets to command personalized, holistic advice as an additional service. With the rise of the fiduciary, fee-only model, a new wave of service offerings and client relationships […]
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Financial Planning for the Early Stage of Your Career
Getting to that point in your career where you’re finally making real money is a reason for celebration. Whether from getting the job you went to school all those years for, working your way up to more responsibility, or getting a significant annual bonus, having more income is a great feeling. Besides more income for […]
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Starting a new project? Don’t let tax season catch you by surprise!
Sometimes we get excited about an idea we have like starting a side business or buying rental property, and we forget to think about the tax implications that come with the project. It is always a good idea to be prepared and be strategic so when tax season comes around, there are no surprises on […]
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Managing Family Finances in your 30s and 40s
My definition of family financial planning is meeting your family’s everyday expenses, handling unexpected bills, saving for the future, and having fun! It can put you in control of your money and helps you avoid stress and feel more secure. I will say, though, it’s not always easy. But there is help! Financial planners like […]
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