Ever wonder where all of the money went and you just don’t know what you spent it on? You’re not alone, but it’s still not a good thing. Here are a few simple ways to help you to keep track of your money on an individual level. We’ll address businesses in another article. Quicken: You […]
Financial
Ramp Up Your Knowledge with These Books
Reading books can be an extremely effective way of obtaining knowledge. A brand new book can be purchased for $20 or less and even less for a used book or an e-book. If you can borrow a book from the library then it’s free (accept for possible late fees)! Here are some books that can […]
Is Debt Really That Bad?
Is it bad to have debt? Should you pay off your debt early? What about credit cards? These are all questions to consider regarding your personal and business finances. Let’s take a look at the good and bad. If you view debt as a financial tool to help you to achieve your goals, then debt […]
New Car or Used Car?
When shopping for a car or truck, there are two big decisions to make: new car or used car and buy or lease. Let’s review the pros and cons of purchasing a new car vs. a used car, and we have written about buying vs. leasing in prior articles. New Vehicle Pros: The best thing […]
Are You Spending Too Much?
It is very easy to spend a lot more money than you should. Between ATM cards, credit cards, and online shopping, it seems that your money leaves your bank account automatically (actually, it sometimes does)! The point is to make sure that you are spending and saving money on the things that are important in […]
Your IRA is a Tax Time Bomb
Individual retirement accounts, also commonly referred to as IRA’s, are a great way to save for retirement and potentially reduce your current taxes. Although these benefits are great, there is a tremendous downside that can impact you if you make a wrong move. Early Withdrawal Penalty: If you need to withdraw money from your IRA […]
The Smartest Money You Ever Spent
Spend, spend, and then spend some more. We all spend money, but what if we looked at spending money in specific ways to earn more money and improve our lives at the same time? Although not usually considered investments, there are ways to spend money to earn more. College Education: The cost of college has […]
Estate Planning Mistakes
You don’t have to be wealthy to make sure your financial affairs are in order nor is estate planning just about minimizing taxes. Estate planning insures that your loved ones are taken care of and your intentions are carried out. Not Having a Will: A will not only spells out how your assets will be […]
Price is Only One Aspect
The easiest comparison when making purchases of products and services is price. It’s black and white, but it’s also very misleading. The key is to focus on the value received for the price paid. Here are some examples: Insurance: There are a lot of commercials and ads out there promoting lower auto insurance rates. It […]
Don’t Make These Mistakes
With all of the financial and tax laws, changes to the laws, and life changes it is almost impossible to stay on top of everything. We have to constantly assess our situation all of the time. Here are a few things to consider: Wills, Beneficiaries and Estate Matters: Did you recently get married, have children, […]