Tag: Saving

A Millennial’s Guide to Financing Your Child’s College Education

March 16, 2023
Finance

Congratulations, high-income earning millennials! You’ve worked hard, built a successful career, and now you’re thinking about your child’s future. As you plan for their college education, you may be wondering how to maximize your investment and choose the most effective strategy...

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...

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...

The Basics of the Traditional IRA

May 29, 2020
Finance

By Mack Bekeza, CFP® Hopefully, you enjoyed my piece on Roth IRAs, but what about Traditional IRAs? Don’t people ask me about those too? Well yes, they do! For those who earn too much to contribute to a Roth IRA, you may want to consider the Traditional IRA (or just IRA) What is a Traditional IRA? Established...

How Can You Prepare for being Furloughed or Laid off?

May 7, 2020
Finance

By Mack Bekeza, CFP® With multiple states beginning to “reopen” their economies, many are worried about the possibility of being furloughed or even laid off. So in times such as these, what can one do to prepare for something like this? Before we dive in, what is the difference between...