Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Catch up on some of the latest posts with this week's roundup:
Building Your Financial House
by Matt Becker, Mom and Dad Money
Sometimes it’s hard to see the forest for the trees.
You get so caught up in all the individual financial decisions that have to be made each day that you never take a step back to think about how it all fits together.
But a good financial plan isn’t series of one-off decisions. It’s a coordinated set of tools and strategies that work together to help you achieve your desired end goal. In this post I’d like to share a framework for thinking about how all of these individual pieces fit together to help you reach your goals. And to do so I’m going to compare creating a financial plan to building a house.
Stop Digging and Get Out of the Hole—7 Steps to a Simple Budget
by Daniel Sheehan, Sheehan Life Planning
First you need to know where your money goes. Do you frequently run out of money five days before your bi-weekly payday and wonder what happened? Many people do not take the time to balance their accounts at payday or keep track of their spending habits.
What Kind of Life Do You Want?
by Mary Beth Storjohann, Workable Wealth
Fear of missing out (or FOMO) is a real thing. It refers to the sadness and anxiety one feels when missing out on an event, not being a part of a memory that could be made, or having to choose between two activities. As a generation and population that now lives on social media, spending hours refreshing feeds, checking for “likes,” and laying filter upon filter onto our photos so that our skin looks flawless and our lives luxurious, it’s no wonder that there’s so much stress and anxiety around money.
An Easy Budget to Build Wealth
by Katie Brewer, Your Richest Life
We all know what we have to do to build wealth: spend less and save more. But it can be tough to know what to do on a daily basis to build wealth. It’s fine to have take-out sometimes, but can you afford take-out tonight? Or do you need to save the money for something else? A budget can help you stay on track.
A budget can help you make wise spending decisions, but most of us find living by a budget and tracking expenses to be a tedious task. But it doesn’t have to be. An easy budget can help you keep an eye on your expenses without worrying about every last penny.