Category - Debt

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Avoid Post-Holiday Spending Guilt
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4 Money Mistakes Expectant Parents Make
3
Axioms for Graduates
4
Should I Pay Off Debt or Save for Retirement?
5
How to Tackle Debt

Avoid Post-Holiday Spending Guilt

A day after many of us have unwrapped gifts and eaten too much, we may feel guilt for some of our excesses. There are ways to avoid the post-holiday guilt that people feel after the winter holidays. For some, it won’t hit until after New Years Day or some time early next year when bills arrive.

If you haven’t followed the financial planning advice you have heard this holiday season, you can still start the near year on stable footing.

Return and donate. Sometimes just looking at objects we don’t find useful or comforting can make us feel unhappy…and whether …

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4 Money Mistakes Expectant Parents Make

I read this article (4 money mistakes people keep making when they’re expecting a baby) by Sheryl Nance-Nash recently. I have a few clients (parents and grand-parents) that are expecting. I found it timely for them and there are lessons for others here too.

  1. Don’t buy too much stuff. Baby’s don’t really need all the things that are sold. Don’t use debt.
  2. You may need to adjust your budget. Changes in your life can mean changes in your budget are in order.
  3. Don’t neglect thinking about your future needs. Save for college, save for retirement.
  4. Update your estate planning documents.
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Axioms for Graduates

As the spring semester comes to end for high school and college graduates, I wanted to perhaps give some unsolicited advice as these newly christened adults start out on their own and begin making life choices and financial decisions that will impact their future.

  1. Resist the temptation to spend everything you make. Instead, do your best to save as much as you can. In fact, it’s possible for a recent college grad to go from making hardly anything during their college years to a decent starting salary. Pay yourself first. Establish an emergency fund of 3 to 6 months of
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Should I Pay Off Debt or Save for Retirement?

Over the last few weeks I’ve gotten quite a few questions from individuals ready to graduate college and start embarking on their first job. As is often the case, many of these individuals have varying amounts of student debt but also understand the importance of saving for retirement. Naturally, a common question is should they pay off student loans or save for retirement. Here’s my take.

As I’ve mentioned in previous posts, there are few ways to receive guaranteed returns. One of those ways is by paying down debt. This is an example of a guaranteed rate of return that …

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How to Tackle Debt

It can easily happen. Whether we’re trying to keep up with the Joneses or investing in our education, sometimes debt can add up quickly. The good news is that debt can be erased. However, sometimes what we know we need to do is different from actually doing it. Here’s a game plan to start chipping away at your outstanding debt. With time and persistence, we can eliminate debt and increase our net worth.

Let’s start with some definitions of debt. Debt is debt, but there is some that is generally better than others. Mortgage debt isn’t considered bad debt (unless …

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