I’m sure we’ve all given in to the urge to splurge at some point, and most of us have probably suffered the consequences later when our credit card statement arrives. Overspending can derail our monthly budget and put us on the fast-track to being in debt. However, psychologists say there are effective ways to fight this urge.
As we rapidly approach the beginning of football season, I found this term to be very appropriate for my introductory blog post. There are many things in life I enjoy equally or more than football so I don’t intend for all posts to have a sports theme, but this one will tie in quite well.
Many couples, especially in two-income families, keep at least some of their earnings separate. This can make it challenging to reach a place where both spouses have a complete grasp of their monthly income and expenses. If this is true for you, then as you are approaching retirement is a critical time to sit down with your spouse and make sure you both have a thorough understanding
Most of us have heard the phrase "pay yourself first." This is a financial planner’s way of saying that when your check comes in, you should take a certain amount and put it in savings before you spend anything, instead of spending first and saving whatever is left over at the end of the month.
During my 12 weeks with BCR Wealth Strategies, I have had the experience any student wanting to pursue a career in the financial industry would love to have. On my first day, I walked in not knowing much about financial planning; since then, I have received ample opportunities to learn and grow my knowledge of the industry.
The word intern can be synonymous with anything from a glorified coffee runner to a valuable asset. Coming out of college, one always hopes to be given a chance to be in the latter group. I had high hopes for an internship that would allow me the opportunity to work hard and learn.
Everybody knows that good savings habits are an integral part of a sound, healthy financial plan. However, some people who think they are good at saving because they save consistently aren’t actually as good at it as they think. There’s a lot more to being a good saver than just regularity.
Most aging Americans agree that the best place to spend your latter years is in your own home. In a recent AARP survey, 85% of respondents said, "What I would really like to do is stay in my current residence and local community as long as possible." This is known as “aging in place.”
It probably comes as no surprise to you that one of the main reasons for investing in the stock market is to protect against inflation, which gradually erodes the value of our dollars over time. While keeping your money safely under a mattress certainly protects against market risk, it does not shield you from inflation risk as your money steadily decreases in value.
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