I attended Fincon (Financial Bloggers Conference) again this year. What is Fincon? Fincon is the Financial Bloggers Conference and it’s “Where Money & Media Meet”. This is my 2nd year attending and I enjoyed the opportunity to learn more to expand my business, engage in opportunities to collaborate with others, and meet your social media friends in person.
In honor of Life Insurance Awareness month I wanted to bring you additional options for covering funeral costs outside of Life Insurance.
So just to be clear I believe that life insurance is important to help cover funeral cost (if the funds will not be accessible when you pass but it is also important to have so your family’s (children, spouse or anyone you financially support) will be able to keep the same quality of life after you pass away.
I have had people tell me that they will always be in debt so they are going to keep making monthly payments forever.
Well, that is not true, there are plenty of stories showing people who have paid off large amounts of debt.
I created a YouTube playlist of motivational debt free stories, click here to check it out.
I mention in a previous post that I budget by paycheck. I started doing this around 2005, after creating a monthly budget for a while and not feeling like I had a good handle on it (because I was busting my budget).
Lately, I have been asked a lot about how to increase credit score to get a mortgage. Last week. I talked about how your credit score is calculated. This week we will focus on activities that will help raise your score. Before we get into the details I really want you to understand that your credit score report is not the same as your friend's score and report.
I saw a post on Instagram that said it is the last quarter in this decade. That definitely made me evaluate where I am compared to where I want to be. If one of your goals this year was to save more money and you feel like you are behind on your goal or you just don’t want to start the new decade in the same position. Charles Schwab’s Modern Wealth Survey showed that Americans are still struggling to save with 59% living paycheck to paycheck.
So if this is the first post you have ever read from me, I am a spender and I got it honestly from one of my parents who will not call out in this post. The interesting thing about it was I always felt guilty because my other parent a saver. Interesting combination right. Yeah, I know, and just for the record, my brother is naturally a saver like the other parent.
Emergencies, they happen but they don’t sting as bad when you’re able to pull the money from your savings to cover it. According to Bankrate.com only 40 percent of Americans would pay an unexpected expense of $1,000 from savings, 1/3 would borrow the money by using a credit card, personal loan, or by asking a family friend. If you have to borrow it then that’s what you have to do but here’s the thing about borrowing money you borrow the money, you still have to pay it back so you now have another bill to pay each month.
Unfortunately, many women defer investing to their husband or never invest at all.
I’ve seen the scary results of women not taking an active role in the family finances.
When I worked at a financial planning firm, we had a client pass away.
His wife came into the office for a meeting so she could be caught up on their accounts.
This was the first time we were ever meeting her. Up until now, she simply let her husband handle the investing.
Now she was alone and completely clueless as to their investment plan, her investments, and even account balances.
Do you know where you stand financially? At the end of every month I sit down for 30 mins and complete a financial checkup. A financial checkup is a layout of all my income and expenses for the month along with an analysis of how I spent my money in the previous month along with any outstanding debt balances and a status update of where I stand when it comes to my financial goals, so the balance in my savings, sinking funds and investment accounts (including retirement).
