The Debits & Credits of Bullet Journals

Bullet JournalsFor some, budgeting is an exciting journey, exploring where one’s money goes each month. Others, well… let’s just say they’d prefer cleaning their bathroom over creating a budget and reviewing it each month. A bullet journal may be the way to turn those debits and credits into a healthy and helpful game. Let’s take a look at what they are, what they do, and the different types available.

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Financial Management for the College Bound

graduationSummer is coming to a close and many parents are sending their children off to college. Whether your child is attending school out of state or staying home, there are unique financial challenges related to college.

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My Recent Interview with AARP

Senior-citizen-dedicated-lineLast month AARP published an article about managing daily finances on a budget. I was honored to be interviewed and quoted in the article, providing my perspective both as a board member of American Association of Daily Money Managers (AADMM) and as a working daily money manager. Here are my thoughts on the article, the important points they made, and a few they missed.

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Winning the Lottery: What Should You Do?!!

MillionairesDo you daydream of winning the lottery? Even as a Daily Money Manager, I too fantasize about winning the big jackpot. Sometimes money can make people crazy… whether it’s an inheritance, unexpected windfall, or something like winning lotto. So here’s my advice.

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7 Habits of the Financially Stable

10 and the US TreasuryThe San Francisco Bay Area is booming! Unemployment is at an all-time low. Our freeways and expressways are jammed with commuters. In times like these — where recession concerns are on the backburner — I’ve been musing about money habits. In the spirit of the 7 Habits of Highlight Effective People, I’ve come up with my own 7 Habits of the Financially Savvy.

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Vacation & Money Management

Las-VegasSchools out and Summer is here! Many of my clients are planning their vacations. Concerns about how they’ll manage their bills and overall money management concerns often arise. Before you pack that suitcase, here are a few things you can do to make your next vacation a financial-worry-free zone.

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The Savings Phenomenon

Attack-of-the-Piggy-BanksThe U.S. savings rate hovers just about 5%. This statistic reflects the ratio of personal income saved to personal disposable income during a certain period of time. I guess the good news is that it’s a positive number and it’s double of the rate reported back in 2008, the deepest part of The Great Recession. If you look at the savings rate over the last six decades, you’ll see a shocking downward trend. Back in the 60’s and 70’s Americans were saving nearly 10% of their disposable income. Now 62% of Americans have less than $1,000 in their savings account. So what gives?

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Millennials & Relationship with Money

Money Bankroll: Millennials Attitude Toward Money?According to a study by Forbes and Elite Daily, Millennials are coming into their own. This demographic comprises 80 Million Americans, a fourth of our entire population. They wield $200 billion in annual buying power. Many of my clients fall into this group and I find they embody many characteristics that I admire. It got me thinking about this generation — dubbed the Me Me Me Generation and the Next Greatest Generation — and their habits and attitude about money.  My research led me to have an interesting conversation with my 21-year old son.

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Managing Credit Utilization

What’s Real and What’s Not

Hot credit: credit utilization gone overboard?Here in Silicon Valley things are booming. Our economy is experiencing growth. Home prices are surpassing historical records and the unemployment rate is low. You can see the frenetic energy every day — clogged freeways and expressways during our daily commutes and workers spending long hours tied to their desks.

With our economic upswing, are we using our financial success to pay down debt and use our credit wisely?

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Do You Need Cyber Insurance?

Proud-LockA lot of my client work involves working with online banking apps and managing financial reports that I share electronically with other professionals like CPAs, financial advisors and estate attorneys. I’m a stickler for security and was curious about cyber insurance and if it was something my clients should have.

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