5 Reasons NOT to Pay Down Debt

January 31, 2013

One of the most common things we help people with is paying off debt. This makes sense because in the case of high-interest debt like payday loans and most credit cards, you can save considerably more in interest by making extra payments towards that debt than you’re likely to earn by investing that same money instead. Paying off debt can also improve your credit score and cash flow. But are there times when it may make sense NOT to pay off debt? Here are a few: Continue reading “5 Reasons NOT to Pay Down Debt”

Do You Have These Essential Financial Protections in Place?

December 20, 2012

One of the most difficult financial challenges people often face is trying to decide how to balance competing goals. A typical situation might be someone who wants to pay off student loans and credit card debt, save for emergencies and a home purchase, start putting something away for retirement, open a college account for their newborn, and purchase disability and life insurance. Yet, they only have a limited amount of money they can save each month. Continue reading “Do You Have These Essential Financial Protections in Place?”

With the Election Over, Now Really Ask Yourself If You Are Better Off Than You Were Four Years Ago

November 26, 2012

Are you better off than you were four years ago?  Now that the election is over, it is not a question loaded with political implications so you can actually take some time to think about your answer. It is actually a very important question and here is another one, where are you headed four years from now?  Most people, unless they work in politics, don’t anchor their life on four year increments but you could — it may actually be very useful financially to do so. Continue reading “With the Election Over, Now Really Ask Yourself If You Are Better Off Than You Were Four Years Ago”

Helping Employees Prepare Financially for the Frankenstorm

October 30, 2012

Are your employees prepared to weather a storm?  As Hurricane Sandy rushes toward the mid-Atlantic area today, many companies across the area are telling their workforces to stay home.  But is that enough?  Certainly, employers should be concerned about their employees’ physical well-being, keeping them off the roads and updated on the availability of nearby shelters that employees can go to in case of flooding.  But what about their financial well-being?  Continue reading “Helping Employees Prepare Financially for the Frankenstorm”