Saving

What To Do With The Extra Margin In Your Budget

For Financial Literacy Month this April, we are doing a series that will help you bring certainty to your finances in an uncertain world. The foundation of a solid financial life is cash flow; the money that flows in and out of your hands. Luckily, that’s also one of the things that you have the most control over. If you can get on top of just this one thing, you can radically transform your life and your family’s life for generations to come.

Tags: 

How To Be Proactive About Your Cash Flow In Order To Create Margin

Welcome back to Financial Literacy month! The secret to a strong financial plan is cash flow, so I’ve dedicated this month to teach you not only how to determine and plan for your cash flow, but how to optimize it in order to create margin. Last week we talked about the importance of identifying your current cash flow and the step-by-step process for how to do it.

Tags: 

Surviving Financially In An Uncertain World: Focus On What You Can Control, Part 1

The world has always been filled with uncertainty. Already, 2019 feels like it will be a year that will epitomize this. Government shutdowns, stock market swings, and whispers of a recession are just some of the topics filling our newsfeeds.

Tags: 

What Should I do if I Receive an Inheritance?

We are on the eve of the greatest transfer of wealth in history. Most baby boomers are now well into retirement age and are finalizing decisions about their will or estate plan. As a result, the coming years will see an unprecedented amount of money being passed down to younger generations in the form of an inheritance. Families receiving an inheritance need to plan carefully in order to avoid some of the common pitfalls.

Here are some important tips to keep in mind:

Tags: 

Tax Reform and 3 Ways to Make the Most of it

America changed on December 22nd when President Trump signed a bill enacting the biggest tax overhaul in decades. One highlight of the new law is the near doubling of the standard deduction. Just how much this and the other changes will impact households, our economy, and our federal budget is the topic of much debate. These new tax laws won’t impact 2017 taxes that will get filed by April of this year.

Tags: 

Retirement Savings and the Millennial Generation

 

Are you a millennial and wish that you had more (or anything) saved for retirement?  If so, you're not alone.  A shocking 80% of millennials are not invested in the stock market!  This is a major problem, but thankfully there is still plenty of hope for millennials and their retirement.

Tags: 

How to Reduce Your Monthly Cell Phone Budget to as Low as $10

Twenty years ago a “cell phone” category didn’t even show up on a budget, while today the average American spends more than $100/month for cell phone service.  In this blog post I want to tell you about a way to bring your monthly cell phone bill closer to that of 1995 ($0), than 2015 – and I’m not asking you to give up your cell phone!

Tags: 

How to Save 44% on Your Grocery Budget without Ever Clipping a Coupon

Every dollar that passes through our fingers is God’s. Our job is to be good stewards of it. Big or small, every purchase is important when we take this view of money.

Therefore, the next series of blog posts will feature practical tips on how to be wise with money in your everyday life. My hope is that this blog post might help you to spend less money on groceries and that you may use the freed up funds in a way in which you feel God is calling you.

Tags: 

You May Still Be Able to Contribute to an IRA for 2014

Have you contributed to an IRA yet for 2014?  If not, did you know that you still may be able to contribute to one of these accounts up until April 15th

This blog post is by far my most technical writing to-date and will help you to determine if you are eligible to contribute to a tax advantaged IRA for 2014.  Although this is not an exhaustive list of the characteristics of IRAs, I hope that it will also help you to understand the differences between Traditional IRAs and Roth IRAs.

Tags: 

Pages

Subscribe to RSS - Saving