How much should I save before I buy a house?

Buying a home is a big life decision. One of the questions that will come up is how much you should save before starting the home buying process. Here’s how to answer that question. Buying vs. renting a home The first step is to make sure that you’re buying a home for the right reasons.…

Read More

What is a Sinking Fund?

A sinking fund is a way for corporations to put aside money at specific intervals in order to pay a bond or a debt that will be due at a later date. You can use this same strategy to achieve your goals or pay for expenses that aren’t due on a monthly basis. By planning…

Read More

New Years Anti-Resolutions for 2020

I’m going to suggest something a little radical for the new year and the new decade, 2020. Instead of focusing on a new year’s resolutions, consider listing the things you are going to stop doing. Ideally, these should be self-sabotaging habits and behaviors that prevent you from achieving your goals. Here are a few ideas…

Read More

How much should I save if I’m in debt?

Crisp one dollar bill among a pile of cash in various amounts

How much should I save monthly if I am in debt? Or what percentage of my income should I save if I am in debt? Submitted by LaTisha V. When we have debt, our priorities can change completely. To start, we have to remember that not paying our debt will negatively impact our credit history…

Read More

5 Tips to Stay Out of Debt on Black Friday

Thin girl smiling while leaning on a glass storefront that reads SALE and wearing a red tank top, checkered skirt, and black sandals

Your No-Debt Black Friday Survival Guide As a veteran, I often get eye rolls from my kids when I use military analogies to describe events. But as a financial coach, I can’t help but see Black Friday as an epic battle. You’re knee-deep in the trenches of holiday shopping goals and you’re experiencing the rapid…

Read More

6 Steps to Create the Perfect Budget

Black man wearing a black short sleeve t-shirt writes on a notebook

The key to creating a budget is finding what works to help you manage your money. Many budgeting tools exist, but you need to find what works for you. Managing your money is about choices – choosing how to earn, spend, save, and keep track of your money. A personalized, realistic budget can help you…

Read More

Should I Rent or Buy a Home?

Symmetrical photo of a yellow door of a white house with fences on either side

Renting versus owning – how to determine which is right for you Choosing whether to own or rent a home is a big decision. The “right” answer for you will be deeply personal, based on a few key considerations that we will explore below. 1. Examine your personal values A good place to start is…

Read More

How much income is enough?

An open checkbook and pen are place neatly next to two bills of cash and a toy house

How much income is enough? Submitted by Charles A. We would all like to know this! What is the income we need to lead a happy life? To find the true answer to this question, let’s take a tour of our personal habits. Enough? For who? Where? With what lifestyle? Will it be enough forever…

Read More