Americans that have had the ability to keep their jobs and still work throughout the coronavirus have been spending significantly less money. This has led to a new record of American’s stockpiling cash and increasing savings, reaching an average of 33% of disposable income being saved in April of this year according to the [...]
But sometimes you have to wait for it, save for it, and plan for it, so that you can still win financially. We all have things that shape how we handle money. We are made up of our nature, nurture, and self-choice. The only one we really have complete influence over is our self-choice. [...]
If you’re currently using a budgeting software that you love. Great! If not, and you are looking for another option, we recommend YNAB to our clients, family, and friends. Do you have reduced income right now due to the Conronavirus? Do you need a new way to budget right now? We highly recommend YNAB, [...]
It’s HOT and it’s Summertime! Your utility bill comes in the mail and you hesitate before opening it. You take a deep breath and hope somehow that your increased Air conditioning usage does not dip into your upcoming vacation spending. Summertime can be so hard to stick to your budget even with all the free-fun outdoor activities and trips to the pool.
For most Americans, the amount spent on housing each year makes up for their greatest expense (by far). In 2017, the combination of housing, food, and transportation reportedly averaged to account for over 60% of people’s annual spending in the United States.
A financial goal is a life destination which requires a map and a way to get there; and, assuming you have finite resources with which to successfully make the trek, they need to be used wisely or you are likely to come up short. If you have a long term goal, financial planning can help you get there.