Search Results for: blog your financial plan

Your 18-Year-Old “Child” is Technically an Adult

In the United States, a person legally becomes an adult when he or she reaches age 18. This might be a shock to parents whose 18-year-olds are finishing high school and living under their roof. Parents need to be aware of certain things that change the minute their “baby” turns 18. Your child will always be your “baby”, no matter how old they become. However, legally speaking, that “baby” turns into an adult on his or her 18th birthday. Parents need to prepare themselves to accept this fact. An adult is not legally obligated to check in with his or … Continue reading →

Don’t Let Your Finances Hold You Back from Your Dreams

Stuck in a rut? Want to embark on a new career, become a stay at home parent, go on a fabulous vacation, buy a new home? Whatever your dream for yourself and your family, don’t let financial trouble get in the way. You can fulfill your dream despite poor finances if you stay focused, have a plan and spend your energy on working toward your dream. The first step is really make your dream a real goal. Write it down, tell others about it, find a picture that represents your dream and paste it in a prominent place. Next, figure … Continue reading →

Financial Advice I Wish I Could Tell the Earlier Me

Once you get to a certain age, you are supposed to be wiser, right? While I’m not ready for the retirement home yet (I don’t think they would let me bring my three school-age kids), the fact is that I no longer have as many years ahead of me as I once did. I do have a little more wisdom than I did then, especially when it comes to financial strategy. It is too bad that we can’t go back in time, isn’t it and give my younger self some financial advice? If I could go back in time, I … Continue reading →

Seven Ways to Save $1,000 for Your Emergency Fund

Dave Ramsey, financial guru who has helped so many families get out of debt, recommends that most of us start on the path to financial solvency by first saving up $1,000 toward an emergency fund. By having a solid emergency fund, we are less likely to go into debt, should the unexpected happen, such as the home furnace needing to be replaced, the car needing to be repaired, or the experience of a medical crisis. Saving that $1,000 is the first step of Ramsey’s overall get-out-of-debt plan. How can you save that much when there doesn’t seem to be any … Continue reading →

Free Websites that Teach Your Kids about Money

Teaching kids about money, where it comes from, how to make it grow and how to use it responsibly is one of those things that many of us mean to get around to doing, but don’t often seem to complete. In fact, money lessons should never really come to an end. As society, the economy and technology changes, it is important for us all to keep up, and pass on the skills, knowledge and advice to our children. Fortunately, we don’t have to do this alone. There are a few really good websites out there that will help us teach … Continue reading →

How to Talk to Your Kids about the Economic Crisis

“How can I talk to my kids about the economic crisis?” It is a common question that most parents face today. As prices on consumable goods rise, from food and gas to the cable bill, and families feel themselves pinched, even the youngest children are starting to notice that things around them are changing. Neighbors and friends may be moving away, favorite stores and restaurants may be closing, and everyone seems to have to sacrifice something they enjoy just to get through this time. Parents should see this time in our history as a teaching moment, but the lessons should … Continue reading →

Protecting Your Holiday Cash

Happy Cyber Monday!  The day many of us celebrate finding phenomenal deals on holiday gifts for loved ones, and then wallowing in mild discontent knowing that even though we saved some dough, we’re still out a good chunk of change. Like it or not, Cyber Monday has morphed into the biggest online shopping day of the year.  This is great news for tech-savvy individuals, but if you are a parent or grandparent, who hasn’t embraced the convenience of online shopping, today can be bittersweet.  While you’d love to take advantage of the amazing online sales, there’s a bit of hesitation … Continue reading →

What’s On Your Life Insurance Annual Policy Statement?

A life insurance policy can provide your family with some financial protection that will help them to continue paying the bills after you have passed away. You can learn some very important things about your life insurance policy by reading over your annual notice of policy status. You might think of it as the “Cliff’s Notes” version of your life insurance policy. Most people don’t like to think about life insurance because you cannot do it without acknowledging that you, and your spouse, are going to someday pass away. While it can be uncomfortable to consider this serious topic, it … Continue reading →

Losing Your Identity

Have you ever heard someone speak against marriage because they didn’t want to “lose their identity?” I have to say that I think this is a valid concern for anyone considering a walk down the aisle. I totally believe in the biblical concept that the “two shall become one.” I think your lives must become so intertwined that it is no longer only about you. Now you have to consider someone else’s thoughts and feelings before making decisions. Two become one in making financial decisions, raising the children, and so on. But that doesn’t mean you should lose your identity. … Continue reading →

Avoid Financial Surprises During Your Retirement

The subject of how much money a person needs for retirement is a tricky one. Each person’s needs are slightly different, which can make for difficulty in deciding what a good amount is. There are also some things that you may not think about which may come up later on and cause trouble. One of the most difficult things to think about or discuss is health care. No one likes to talk about it because as we grow older, many things can happen with our health. We may be affected by a major illness, for example, or arrive at a … Continue reading →