Budgeting and Financial Planning

You are fresh out of school. Maybe you have been working for a few years. That entry-mid level salary may or may not be your financial ceiling at this time. Regardless, it provides you with a steady flow of income; one that brings with it peace of mind. Just be sure to pocket some of that… Read More

One of the most stable investments any individual can make is in their education. A four year bachelor’s (and a post secondary degree if one pleases) can have a profound effect on one’s earning potential moving forward. There are some of you out there that are currently in the midst of your career search. Then,… Read More

Sudden riches can have an interesting effect on people. For many, their basic instinct is to spend their newly acquired wealth on products and services for personal amusement. And while that might not be completely unreasonable, overlooking the process of financial planning, even with inheritance, is. Many of you might be thinking “how often does… Read More

Financial planning is an important part of preparing for one’s future both in the professional and personal realms. For many Americans, the term has become an afterthought, which can put them at an unnecessary risk for monetary hardships. According to a study conducted by Northwestern Mutual, more than one third of Americans have stated that… Read More

Have you ever thought about how those little expenses you indulge in add up over time? Most people don’t, and this is why they don’t maintain an adequate financial cushion in their savings accounts. Living from paycheck to paycheck is the norm, but a crisis can create a huge setback if you’re ill-prepared. Learn how… Read More

Need some motivation to start saving? Sit down and add up how much money you make each month. Then, multiply that amount by six. Assuming you have a stable job, that’s the minimum balance you should have stashed away in an interest bearing, according to Henk Pieters, president of Investus Financial Planning. He believes people… Read More

Having difficulties sticking to your budget this year? It might be time to consider a new approach. Monthly and weekly budgets are helpful, but don’t take into account the many changes in expenses and income that occur during the year. After all, most usually think of their salary as an annual figure. By considering your… Read More

In today’s economic climate, personal bankruptcy has escalated at an alarming rate. According to U.S. bankruptcy statistics, more than 1.5 million people file for bankruptcy every year. Most significantly, nearly 97 percent of bankruptcy filings are made by individuals, not by businesses. While bankruptcy can provide a sensible debt solution for some people, others have… Read More

Setting a budget can be a great way to get a handle on your finances. It helps you determine what you want to spend your money on, and helps you cut costs by identifying how much money you can afford to spend in all areas of your life. But how do you set an effective… Read More

It’s unfortunate that even today in the United States, not everyone gets the most basic personal finance education. But the more we can work these basic lessons into everyday life, the more we can spread the knowledge. Kimberly Palmer, writing for Yahoo Finance, outlines ten key things that everyone must know. One truth that people… Read More