With Memorial Day officially behind us, summer vacations are just around the corner. Is there a way to have a great vacation and be frugal at the same time? Yes! I’ll share some of my best tips learned over the years and new ideas shared by clients.
The Fed increased interest rates for the second time in three months on March 15. It’s made headline news. There have been hints of additional hikes in 2017. So what does this mean for the 157 million Americans who hold credit card debt?
Hello 2017 Tax Planning
The 2016 tax return season is officially behind us. Well, unless you filed an extension. For many of my clients (and my staff), we’re breathing a sigh of relief. We’ve spent hours sifting through paperwork, downloading transactions, categorizing expenses, and preparing reports. If this year’s tax prep was a major drain (and pain), let’s look at what you can do now to make next year easier.
Studies have shown that companion animals improve our health — reducing our stress, lowering blood pressure, increasing physical activity and even boosting social interaction. For the elderly, this is doubly true. These are the many benefits of pet stewardship (many of us joke that we’re simply staff for our feline and canine family members). For all the love we give and receive from our pets, there is a related expense — the cost of food, treats/toys, grooming supplies, kitty litter, and routine veterinary care. If a pet becomes ill or injured, those costs can dramatically increase. When living on a fixed income, these unexpected expenses are stressful. And when is how much simply too much?
The following is a guest post from a friend who is living what many of my clients’ families undergo every day. Helping our aging loved ones can be challenging. I hope the advice offered from this real story is of comfort and assistance.
According to a recent study, 37% of seniors have experienced financial abuse. On average those seniors lose $36,000! And the actual number of victims and dollars stolen are most likely much higher. Why? Because seniors are reluctant to admit to and are less likely to report fraud to the authorities.
For 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.
Summer 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.
Last 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.
Do 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.