One of the most difficult situations to deal with is a drop in income, as most people adjust their lifestyles to use up all of what they bring in. In fact, too many of us live right up to the limit of what our income buys, allowing lifestyle inflation to strangle our budgets no matter […]
My wife and I talk about finances every week. More specifically, we discuss how much money in our discretionary funds is available, and then decide together how we are going to spend it. We also do an overall budget review periodically, but she leaves the handling of paying the day to day bills to me. […]
According to The Principal Financial Well-Being Index, retirement planning is on the rise in America. The survey points out that only 28% of workers aren’t planning for retirement, which is a drop from 32% in the previous quarter. This news indicates that more American workers are making efforts to plan for retirement. Are you one […]
Common sense finance should be easy, right? But it’s not. Human nature and our inherent weaknesses cause us to make serious, expensive financial mistakes. What are the most basic, yet also the most important financial tips that we would want our kids to follow? Some of these tips are painfully obvious, and we’ve included them […]
Part of good financial management is making decisions based on your priorities, and understanding how a purchase or a spending decision will benefit your life. Before you spend money on a product, service, or experience, it’s a good idea to consider what you will gain by making the spending decision. Spending money can be a […]
Liquidity is incredibly important in a time of crisis, but just how important is it to you to have cash lying around just in case? What even is liquidity? In financial terms, liquidity is the measure of how easy it is to turn an asset, such as stocks or real estate, into cash on demand. […]
