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Baby Steps for Debt Reduction

Are you up to your eyeballs in debt and feel overwhelmed? Welcome to the club. Most of the USA has more debt than they can handle and most of the of population says they are stressed about money at some point or another during their lives. Many people have made a New Year resolution to pay off debt and stick to a budget but don’t know how or where to start. Here’s my easiest baby step list for newbies: 1. Read this blog. There are several writers on the Money Blog that come with different perspectives and tips to help … Continue reading →

Five Steps to Organizing Your Finances

One great New Year’s resolution is to organize your finances. It is a great time to sit down and take stock of what you are earning, saving and spending. Here are some basic tips to organizing your finances and to help you get on the money track that you want to. 1) The first thing you need to do is realize that money is a tool that you can control. If you do not choose to control your money, you will never be able to use it to help you reach your dreams and goals. You will become slave to … Continue reading →

Get Organized Financially

It can be difficult to get ahead financial if you are not organized when it comes to money matters. This is one of the most important areas of your life to become organized in. It is easy to become overwhelmed with tracking the daily spending, as well as paying the monthly bills. Here are five tips to help you get organized. 1) You should have a place where you store your unpaid bills. When you receive a bill or an account statement, you should put it in a specific place. In order for this to work you need to go … Continue reading →

Financial Crisis!

There may come a point when you reach a financial crisis. This may be due to an injury that keeps you from working or from unexpected medical bills. It can be difficult to deal with the situations that cause you financial distress on an emotional level, without getting into the financial problems. If you find yourself in a situation where you just can’t seem to pay the money you owe, there are several steps that you should take. First you need to sit down and assess the situation. Is the situation permanent or is it temporary? You should compile a … Continue reading →

Common Single Parenting Struggles

Single parents definitely have struggles unique to the situation. However, with the right attitude and a plan of action, the struggles can be minimized. I wanted to touch on some of the common areas that we as single parents tend to find challenging. Remember, we do have resources but the first step is identifying the struggles so the appropriate action can be taken. One of the most difficult areas for single parents has to do with finances. Obviously, going from a two-income home to just one really cuts into a budget. Now paying the mortgage, car payment, utilities, groceries, credit … Continue reading →

Pension Protection Act (PPA) of 2006

President George W. Bush signed into law The Pension Protection Act (PPA) on August. 17, 2006. The PPA has some real implications addressing plan sponsors, financial professionals, and investment participants. The intent of this bill is to strengthen workers’ retirement investments by: Changing defined benefit plan funding rules, Establishing a legitimate cash balance plans, Promoting the automatic enrollment in 401(k) plans, Establishing the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) as a permanent improvement, and Allowing the creation of a combination defined benefit and 401(k) plan, known as the DB (k). The bill extends the law and allows the … Continue reading →