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:
How To Stop Arguing About Money – For Good.
by Mary Beth Storjohann, Workable Wealth
Picture this: You’re standing in the kitchen with your partner, avoiding eye contact while a silent and slow tension builds in the air. The mail sits opened on the kitchen table between you. It’s staring at you both, testing you, but neither one of you wants to be the first to acknowledge it.
Passively, one of you succumbs to the discomfort and picks up the credit card bill that is sitting on the top of the pile.
And it begins…
Guns Vs. Butter
by Joe Morgan, JWM Wealth Management
Life is a series of trade-offs.
We have limited resources, be they friends, family, money, skills, experience, or whatever. There is nothing we have that is without limit.The key to finding your own financial happiness is allocating your resources appropriately. This is much easier than it sounds.
In Economics 101, we learn about the trade-off every government must make between increasing public defense and increasing domestic production. This is called the “Guns vs. Butter” model.
On Making Decisions: What Does Your Heart Say? What Does Your Head Say?
by Pam Horack, Pathfinder Planning
How do you decide when and where to spend your money? Do you use a rational, well thought-out process -- with every dollar being accounted for or do you just throw caution into the wind and go with what feels right?
If you’re like most people, you probably do a little of both. Consider this: just about any decision that you’ve ever made likely falls under one of two categories: a logical decision backed up with emotion, or an emotional decision backed up with logic.
How to Improve Your Relationship With Money
by Aaron Hatch, Woven Capital
What is your immediate thought when you hear the word relationship? If you are like most people, thoughts of your spouse, family, and friends are generally the first thing that pops into your head — and to a certain degree, you’re absolutely right.
But if you dig a little deeper, you’ll notice that many of our relationships don’t have to do with people at all. One such example is our relationship with money. Money is an important part of our day-to-day lives, however many people don’t realize the importance of maintaining a solid relationship with it.
Just like any relationship, in order to get the most out of it, you have to nurture and maintain it. If your relationship with money isn’t as strong as you would like, you might need to adjust your thoughts and behaviors around your finances.