Tag: budgeting

2022 Quarterly Financial Review for Millennials

January 26, 2022
Finance

In uncertain times, having a review plan for your finances in place is vital. Needless to say, 2022 has gotten off to a rocky start. Political entrenchment in Washington continues to prevail as stock market volatility has shaken investors. Despite all the noise, following a plan has been and always...

Funding the Cost of College

September 21, 2021
Uncategorized

It’s no surprise that college tuition is undeniably expensive by most measurements and it’s not getting any cheaper. Communicating the reality of the cost of college requires a candid conversation with your children. Start planting the seeds to have that candid college discussion with your children...

How To Manage Lifestyle Creep

September 8, 2021
Finance

Lifestyle inflation, also known as “lifestyle creep”, is that slow but steady creep of spending more over time on luxury items and things that go beyond the typical basic necessities. A common phrase used to describe this phenomenon is known as “keeping up with the Joneses”. As income increases over...

Saving for a New Home Purchase

August 20, 2021
Finance

2020 was an unprecedented year in recent memory to say the least. The pandemic drove a number of trends, including younger Americans storing away cash like never before and a white hot housing market. As older millennials started families amid the backdrop of the pandemic, demand has surged for younger...

6 Steps To Create A Zero-Based Budget

August 10, 2021
Finance

In the finance world, we often talk about the need for a budget and how it’s the foundation of any financial plan. However, financial professionals do not always do a good job providing the practical advice of simply how to create a budget. In fact, we go into great detail in our Financial Foundations...

5 Smart Ways To Use Your Monthly Child Tax Credit

July 12, 2021
Finance

ICYMI the IRS is rolling out Advance Child Tax Credit Payments starting on July 15th. Normally, If you have any qualifying children under the age of 18, you would be able to potentially claim the annual Child Tax Credit when you file your taxes. This year, unless you decide to opt out, the IRS will...

The 5 Biggest Mistakes Millennials Make with Money

July 17, 2020
Uncategorized

Our generation is notorious for not being so financially savvy. It’s up to us to change the game. So, what can we learn from the 5 biggest mistakes millennials make with money? Not having a budget Despite all the easily accessible apps for budgeting and tracking expenses, millennials are still...

Marriage and Money: How to Communicate Effectively About Finances

June 1, 2020
Uncategorized

If there’s one thing that’s absolutely essential to having a happy marriage or relationship, it’s communication. What we seem to forget, is that the rules are just the same for communicating about your daily experiences, your needs, or your feelings as they are with talking about...

Marriage and Money: Together, Separate, or Somewhere in Between?

June 1, 2020
Uncategorized

So, what’s the verdict? Should you have joint accounts, separate accounts, or something in between? Studies show that couples with joint finances are more likely to stay together in the long run. We think this has very little to do with actually having their money in the same account and a lot...

Marriage and Money: Setting Boundaries

June 1, 2020
Uncategorized

Let’s chat for a minute about setting boundaries. While sometimes it’s nice to think that we will always do everything together with our partner, it’s nice to also keep some of our independence and set up some guidelines to help us be successful as a team. Sometimes we need some...