Category - Family Finances

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What To Do With $1,000
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10 Tips For Buying A Used Car
3
Four Things You Should Do This Summer
4
Estate Planning Can Ease Unexpected Financial Strain
5
Getting Divorced? Everything You’re Worrying About Is Wrong

What To Do With $1,000

I occasionally get this question – especially around the time of tax refunds.  When someone comes up with an additional $1,000 dollars, they want to know how to best use that money to help out their overall financial condition.

Of course this question has different answers for different situations.  I’ll run through several different sets of conditions that a person might find him or herself in, and some suggestions for how you might use that $1,000 to best improve your financial standing.  It’s important to note that you don’t have to have an extra $1,000 lying around to use this …

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10 Tips For Buying A Used Car

When you factor in a car payment, registration, insurance, fuel and maintenance, for most families’ vehicles are only behind housing in terms of monthly expenditures. As a consumer, what you have to be careful of is not having your transportation expenses become so great that they interfere with building long term wealth and other financial goals. For that reason, I often recommend to clients that they strongly consider buying used vehicles instead of new. Not only does someone else take the initial depreciation hit there can be substantial savings on insurance and registration costs as well.

Here are some tips …

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Four Things You Should Do This Summer

School’s out for summer!  Let the fun begin.  Lazy days at the pool, time with friends, sleeping in and staying up late are what lay ahead for the Von Haefen kids.

Summer is always a great time to slow down a bit, but sometimes we can just get downright complacent.  Here are few to-dos to keep your summer humming along smoothly…financially that is.

Update your Passwords

If you’re still using old passwords you set up years ago (you know….the ones easily cracked by your 8 year old neighbor), it might be time to make a change.   Privacy and protection is …

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Estate Planning Can Ease Unexpected Financial Strain

The New York Times profiled Chanel Reynolds, a widow who founded a website as part of her mission to spare others from the ordeal she suffered when her vital, 40-something husband died after his bicycle was hit by a van:

“…she was not yet consumed by grief…Instead, the buzz in her brain came from a growing list of financial tasks that grown-ups are supposed to have finished by the time they approach middle age. And she and her husband, José Hernando, had not finished them.”

The New York Times notes that people think about financial products such as retirement accounts, …

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Getting Divorced? Everything You’re Worrying About Is Wrong

Especially if you’re a woman, I can almost guarantee that you’re worrying about child support and whether you can keep the house. But in the scheme of things, child support is relatively temporary and you should do some heavy number crunching before you keep the house. (See my blog post here on that topic). So what will really have an impact on your future?

Select a lawyer who knows how to negotiate. A lot of people want a bare fanged tiger who will annihilate the other side. If only. What an angry and overly aggressive attorney usually achieves is big …

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