Author - Lea Ann Knight, CFP®

1
5 Tips to Helping You Manage Money With Your Significant Other
2
4 Ways to Make a Budget Work
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The Best Way to Pay for College
4
How do I Help My Kids Manage the Costs of College?

5 Tips to Helping You Manage Money With Your Significant Other

ADMIT IT.   There are times when throwing your significant other overboard is an attractive alternative to getting an agreement on money matters.  Even the most savvy financial advisors (ahem…) OCCASIONALLY fight with their spouses about spending.  Or not spending.

So what’s an otherwise happy couple to do?  Here are 5 Tips and tricks gleaned from lots of reading, lots of listening and an expert or two:

Step #1: Know who you are.  Are you the SPENDER or the SAVER in the relationship?  Just acknowledging your role ahead of time can diffuse quite a few arguments.  It’s no fun …

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4 Ways to Make a Budget Work

For so many people the problem with budgeting is two-fold:
  1. The budget template they are using doesn’t really reflect their lifestyle or the way they look at their money &/or
  2. The budget is prepared once, locked in a drawer or a Quicken file and never looked at, updated, or revised again.

So here are my 4 suggestions to address the problems and get you started on a “real world” budget that works for you.

Suggestion #1

Budget by season not by month

Many budget templates require you to fill in line items with monthy or annual amounts.  I don’t know

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The Best Way to Pay for College

With the start of school we are one year closer to writing that dreaded college tuition check.  And the next one, and the next one….With college costs increasing faster than the rate of inflation, by the time my Kindergartner starts college, tuition at a public university will be approximately $140,o00 and at my beloved Stanford University it will be a whopping $420,000.   Yikes! College Pricing Trends

At this revelation, many parents just give up and assume they will be in major debt to pay for college.  And I guess that is an approach.  But let me encourage you to consider an alternative …

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How do I Help My Kids Manage the Costs of College?

Want to scare yourself silly?  No need to visit the local cinema; just sit down for 15 minutes with your college-bound kid and talk about finances.  Sadly, most soon-to-be freshmen are heading off to their new, independent life without a clue about how to pay for it.  Remember, they’ve been living the high life on your salary, not theirs and are probably quite comfortable to continue doing so.   Don’t despair, however – listed below are five suggestions to get your student better prepared to make wiser financial choices away from home.  Whether you choose to pay for everything or expect …

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