To help you spot your own financial habits, we’ve collected some of the top financial planning do’s and don’ts to help you shift your mindset around good money habits.
Home maintenance costs are some of the most common surprises for first-time home buyers. When people contemplate whether or not they can afford a new home, they typically consider two things: if they have enough money for the monthly mortgage payment and if they can also afford the annual property taxes. Unfortunately, most people don’t think about home maintenance costs.
Do you have a child who recently entered the workforce? As a parent, you should still offer advice and guide them on their financial journey. Check out the following ten financial tips to help your young adult find financial success.
Let’s say someone recently passed away and left you a significant amount of money. Would you know how to manage the inheritance? Whether your answer is yes or no, you need to read more.
Financially successful people have one standout quality in common: their financial success is a state of mind. Not ‘starts with’ a state of mind, then depends upon luck. It is a state of mind that is rather easy to establish, takes a bit of training and soon grows into a natural way of life.
If you follow financial industry information, you may have read that it’s best to reduce risk in your portfolio as you near retirement. That’s a very valid concern. And the advice is generally true. But there is another way to reduce risk and still achieve your long-term goals.
Going through a divorce is never fun. Not for you, and definitely not for your children (if you have them.) The results of a heated, adversarial divorce can be catastrophic – both financially and emotionally for you. And a truly vitriolic divorce can put your children into therapy for many years to come.
If you’re among the many recent college graduates, you’re likely thinking about your future. You may even have a pretty impressive list of things you plan to do, like buying a car, taking a fabulous trip abroad or buying your first house.
Reverse mortgages are a relatively new product to the financial industry. The concept of a reverse mortgage can be very beneficial especially for seniors who have run out of assets to draw from to maintain their standard of living. In simple terms, a reverse mortgage allows a borrower to cash out a certain amount of money from the equity in their home to use as they wish.
When you ask people what are the largest financial transactions they will make in their lives, the most common answers are a home, college tuition or saving for retirement. For couples contemplating divorce, the largest financial transaction, without question, is their divorce.