What Rising Interest Rates Mean for You
The financial media has been buzzing with the possibility of a looming interest rate hike. Most economists believe the Federal reserve are determined to hike interest rates as early as September. This after almost 6 years of a zero interest... Read More →
My Son’s First Paycheck and His Tax Revelation
We all remember that first summer job after our 16th birthday. Some of us can remember busing tables, working the drive thru window or mowing yards for some extra money. All three of my kids were swimmers and the natural... Read More →
Money Equals Choices
The one financial concept I preach to my kids constantly is – having money equals choices. Lack of money means limited or no choices. Think about this for a minute. The wealthy can hire better attorneys, better financial advisors and have... Read More →
Don’t Put off Retirement Savings to be Debt Free
I’ve always thought of being debt-free as the Holy Grail in personal finance. It’s a prize that can be nearly impossible to obtain. Yes there are some people that are debt free. I say congratulations, because it is quite an... Read More →
5 Basic Banking Lessons to Teach Your Teen
I’m surprised at just how little teens know about basic banking these days. I recently opened a checking account for my 18 year old at our credit union. It was a real eye-opener. I think she was more excited about... Read More →
The College Credit Card Conundrum
For the past year I’ve been helping my daughter with her college search. It’s been exciting and frustrating. Along with the mountain of brochures and info that arrive by mail are credit card offers with her name on them. Now that kinda makes me... Read More →
Hoarding Cash Like Apple?
Are you sitting on a pile of cash? Does cash make you feel better or safer? For some of you it might make you sleep better at night to have a pile of cash that you could ski down. Some people... Read More →
Money Isn’t the Root of all Evil…it’s Procrastination
We’ve all heard the phrase, “Money is the root of all evil.” After 22 years of counseling hundreds of investors and savers, I’m pretty sure it’s procrastination. Procrastination can kill you when it comes to saving. Putting off saving, investing... Read More →
6 Financial No Brainers…in Honor No Brainer Day
February 27th is officially No Brainer Day. I know what you’re thinking. Wow, the perfect holiday for me! I said exactly the same thing. Let’s start with the definition of a “No Brainer”. It’s doing something that is simple, easy, obvious... Read More →
401(k) Limit Updates
Every year someone asks me how much they can actually contribute to their 401(k). There seems to be a ton of confusion. Some 401(k) participants seem to think it’s a percentage. They are confused by the match percentage. Somehow they... Read More →