Author - Linda Y. Leitz, CFP®, EA, CDFA

1
The Importance of Liquidity
2
Budgeting For the Whole Family
3
Top Ten Reasons you MUST Participate in Your Company Retirement Plan
4
Budgeting for a new Home
5
How Can I Be A Single Mom And Financially Sound?

The Importance of Liquidity

Once you get into the habit of spending less than you make, you’ll need to decide what to do with some of the money you’re not spending.  It’s common for money that you can access pretty quickly to be referred to as liquid.  So when people refer to financial liquidity or liquid reserves, they’re talking about accessible money.

It’s important for everyone to have a cash cushion for emergencies.  So some of the money that you’re saving should go into this emergency fund.

Eventually, you’ll want to have at least 10% of your annual income where you can get to …

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Budgeting For the Whole Family

Family Budgeting Teaching kids about money is only one element of parenting.  But it’s part of a whole package.  Everyone – including parents and including kids – is going to have strengths and weaknesses.  We all grow as individuals if we can build on our strengths and do our best to mitigate our weaknesses.  Children need parenting that helps them do this.

So if your child is doing well with managing the budget you give her for auto fuel, but she’s flunking algebra, make sure all the parenting pieces are fitting together well.  Do you need an algebra tutor or just the …

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Top Ten Reasons you MUST Participate in Your Company Retirement Plan

With all deference to fabulous late night talk shows, here are ten reasons to consider putting some of your hard earned wages into an account with your employer’s retirement plan.

10. The company is required to provide a variety of investment choices and access to information about those investments.

9.  You’ll save taxes on the money you put in the plan now and you’ll probably be in a lower tax bracket when you take the money out after you retire.

8.  Forced savings – if you don’t get it in your pay check now, you don’t spend it now.

7.  …

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Budgeting for a new Home

Budgeting for a New HomeOwning a home is part of the American Dream.  There are some great financial reasons for owning a home.  For many people, having their own house gives them a greater sense of security and control over their lives than renting a home.  Over long periods of time, homes have increased in value.  This adds to the owner’s financial wealth while providing a place to live.

Ideally you own a home that’s worth somewhere between one and a half to two and a half times your pre-tax annual income.  There are certainly some real estate markets where that’s not practical.  You’d …

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How Can I Be A Single Mom And Financially Sound?

If you are a newly single parent, this time of year is a good one to get a grip on your financial situation.  Here are a few tips to get you started.

First, know that you can be in charge of your own situation.  Feel free to get help from professionals, but don’t assume that you can’t be financially sound if your co-parent used to handle all the money or even if he made all the money.

Next, figure out what you spend.  Do some detailed listings of what you’ve spent in the past year.  See what you must spend …

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