We can try our best to stay “within our budget” on a monthly basis but if we put the clamps on too hard, we tend to rebel and have an inner llama that breaks out of the pen and goes on a rampage. Continue reading
Whether it’s taking a look at your budget, investments, debt or credit situation, the most important thing you can do is identify the direction in which your financial plan is trending. Continue reading
One of the more entertaining parts of the conversation was when we started talking about the great decisions we made by deciding NOT TO do something.
The best thing I never bought…That could go in so many different directions and it did! One of my friends had no trouble with his answer. For him, the best thing he never bought was an engagement ring for his long time then-girlfriend! He had serious doubts about marrying her even though they appeared to be a great couple.
What we, as his friends, didn’t know fully was the extent of her ability to spend significantly more money than she earned and more than he would give her to cover her monthly shortfalls. Continue reading
Tweet As a sports fan, I see a lot of sports-related items in the news, on Facebook, on my Twitter feed…all over the place. Not too long ago, ESPN aired a special called “Broke” about athletes that earned tens of … Continue reading
Splitting your expenses into needs and wants won’t help you prioritize them. Continue reading
Tweet I guess it’s no mystery who is responsible for keeping track of where the money goes in my household. As a financial planner, you might call it an occupational hazard, but what frustrates me the most is that I’m … Continue reading
Tweet So far I’ve learned a lot about my two oldest children in the last couple of weeks. I’ve learned that Rachel is a spendthrift and sees money as a means to necessities. David, on the other hand, is a … Continue reading
Tweet Last week, I wrote about how we as parents can learn about our own financial behaviors by observing our children. To demonstrate this, I asked my daughter Rachel a series of questions to help me gauge where she is … Continue reading
Tweet I read this article about the world’s largest lollipop. It checked in at a whopping 7,003 pounds and I had a few thoughts as I was reading it. First, I saw it was chocolate and I thought that my … Continue reading
Tweet One of the common complaints I hear from people who are trying to get out of debt is they are financially strapped. “How can I pay down debt when I can barely make ends meet?” Since the economic downturn … Continue reading