How to Break the Paycheck-to-Paycheck Cycle
It can be so frustrating when you have more month than money! Everything is a battle and a challenge, just living day to day. The trick to getting out of that cycle is to make a plan for every single dollar. If you decide where you will spend your money before you receive it, you…
Read MoreAll the Resources You Should Know About for Parenting During COVID-19
The COVID-19 quarantine turned millions of people into instant home-school parents with little time to prepare. Luckily, many organizations recognize the strain this has put on parents’ finances. There are lots of resources parents can use to ease this financial burden: Free or Reduced Cost Internet Resources Here are some options that you should check…
Read MoreGame Plan for Starting a Small Business
When I first became a financial planner, my specialty was small business owners. I also headed my local Chamber of Commerce’s Small Business committee. Over the years, I received a lot of excellent business advice. Below are the top five most impactful business tips I’ve heard: Get your personal financial house in order If you…
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Read MoreWhat financial conversations should my partner and I have before moving in together or getting married?
My experience talking about finances with my wife Back in the early 90s when I was first seriously dating, the only thing I could think to ask my future wife was, “Do you love me?” At no time during the wooing process did we discuss money or finances at all. We had no money, jobs,…
Read MoreTime-Sensitive Steps to Receive Your Stimulus Payment Quickly
The IRS announced that this Wednesday, May 13th, 9am PT (noon ET) is the deadline for many people to enter their direct deposit info into their Get My Payment portal. If you qualify for a stimulus payment and haven’t received it yet, provide your direct deposit information to get your funds faster. Who needs to…
Read MoreWhat is the Rule of 72?
Are you considering investing money? If so, you should know about the Rule of 72. It helps you determine how long it will take for your money to grow a certain amount. The Rule of 72 allows you to figure out how long it will take for an investment to double at a given annual…
Read MoreWill I receive a stimulus check?
Note: This article is about the first stimulus payments as part of the CARES Act from March 2020. Learn more about the second and third rounds of stimulus payments. How does the stimulus check work? The coronavirus stimulus check is an advance on a 2020 tax credit. This means if you do not get a…
Read MoreWhat’s the difference between money market, savings, and checking accounts?
Although these types of accounts are similar, they have important differences. What is a checking account? A checking account is designed for day-to-day use. There are many options when it comes to checking accounts. The most popular options are free and allow you to make as many withdrawals as you want. Sometimes the bank or…
Read MoreWhat 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…
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