Category Archives: Budgeting

3 Financial Planning Mistakes And How To Avoid Them

Adam Sarhan Financial planning is very important, but regrettably often overlooked by most investors. A proper financial plan consists of a comprehensive evaluation of your current, and future, financial state. At the most basic level, your financial plan should use current known variables to predict future income, asset values, and ensure your money outlives you. Regrettably, most investors (small and large) do not take the time to conduct a proper financial plan, instead they wing… Read More »

How To Make Those Financial New Year’s Resolutions A Reality

Erik Carter Did you make New Year’s resolutions this year? Unfortunately, there’s a pretty good chance that any resolution we make won’t be kept. This can be particularly true of financial goals, which can often feel confusing and overwhelming. Here are some steps to help make those financial resolutions into a reality. 1) Set SMART goals. When we set a vague goal like “save more money” or a seemingly insurmountable one like “pay off all… Read More »

The Rising Medicare Scams You Need to Know About

Grace Birnstengel, Next Avenue Associate Editor Open Enrollment time is here, and in addition to navigating the Medicare maze to get the best benefits possible, those eligible for the federal health program for Americans 65+ have another thing to be worried about: Medicare scams. The Federal Trade Commission warns that scammers may pose as “official” Medicare agents over the phone or at the door in an attempt to gather personal information or swindle people into purchasing… Read More »

Your Kids Will Inherit Your Money, So Teach Them How To Handle It

Nancy L. Anderson Millions of dollars will pass through your kids’ hands over their lifetime. Eventually, they may  inherit your hard-earned money, too. They need to ready to handle their finances.   In fact, many parents want nothing more than our kids to be good with money so they can be successful, invest for their future and give to charities they care about. To do that, we, their parents, need to start their education early… Read More »

Hate the ‘B Word’? 7 Simple Steps To Create a Budget You Can Live With

by Liz Frazier Peck Everyone hates the B word. It’s easy to see why; your budget restricts what you do and judges every little mistake you make. As much as we hate budgets, without them we have no method to save for our goals or any concept of what and where we spend. Although a budget is an important part of our financial health, often times a budget can cause more harm than good. It… Read More »