Is a Budget Always the Answer to Financial Problems?

It’s been a difficult few years. Many people found themselves in trouble as the effects of the recession reached every corner of society. The days of growth were swept away, and that situation lasted for a few years. There is an argument that the effects still endure in many places today. A large number of US citizens are still finding

By |May 13th, 2015|Categories: General Personal Finance|1 Comment

Looking for passive income? Here are some things to consider.

At every family birthday celebration, my mother-in-law buys each family member “Set for Life” scratch off tickets. Part of our traditional birthday fun includes a hunt through purses and pockets for enough coins to discover who among us might receive $5000 every week for the rest of our lives. Cognitively, I am aware of the futility of this game. But

By |May 11th, 2015|Categories: Blog, General Personal Finance, Personal Finance Tips|Comments Off on Looking for passive income? Here are some things to consider.

The true cost of spending your retirement early

My first, briefly-held job out of college had nothing to do with finances. In fact, I was so ignorant on the subject that I somehow failed to realize that one of the job’s very few perks was an automatic, employer-funded 12% annual contribution to a retirement plan. It’s a benefit nearly unheard of these days, and to my knowledge it

Smart Ways to Finance Your Failing Business

Are you scrambling to find cash to keep your business afloat? The stress of managing an inadequate cash flow, combined with worries about the future, can leave you feeling defeated. You may think that no lender or investor would want to join your struggling operation, but that’s not necessarily true. A second round of funding is common when your seed

By |May 5th, 2015|Categories: General Personal Finance|Comments Off on Smart Ways to Finance Your Failing Business

Why we all need financial advice

Generally speaking, most of us fall squarely into one camp or another when it comes to the question of whether to hire a financial advisor. This isn’t that debate. What I’m talking about today is financial advice – and we all need it. Let me be clear about what I mean when I say advice. I’m not talking about reading

401(k) loans can make a bad situation worse

For many investors who are still in their working years, the largest single account balance in their portfolios is a 401(k) plan, especially for those who have worked at one company for a long period of time. When times get tough, borrowing a portion of that balance to ease the strain can be a tempting proposition. The good news first

By |May 1st, 2015|Categories: Blog|Comments Off on 401(k) loans can make a bad situation worse

Beyond Six-Months’ Cash: Alternatives for your emergency fund

The concept of an emergency fund is simple. Ideally, we should all have 6 months of expenses put aside in a savings account, just for emergencies. There are generally two objections to this school of thought. Objection 1: Inflation risk and opportunity cost From an investment perspective, emergency funds held in cash represent significant opportunity cost. In fact, some experts

By |April 29th, 2015|Categories: Blog, Personal Finance Tips|4 Comments

Combating the Costs of North Facing Rooms With Your Windows

Anyone who has embarked on the house-buying process will know all about orientation, and how it's one of the primary things to think about when purchasing a new property. Particularly now, when heating costs are soaring through the roof, choosing a home which is suitably orientated can be absolute crucial from a money-saving perspective. As the title of this post

By |April 29th, 2015|Categories: General Personal Finance|Comments Off on Combating the Costs of North Facing Rooms With Your Windows

How to Choose a Good Lender for a Car Title Loan

If you have a low income or bad credit, there are still borrowing options available to you should you be in a financial emergency. One such option is the title loan, which you can access if you have a clear title on a vehicle, essentially turning your car into an asset for collateral. The problem is that if you have

By |April 27th, 2015|Categories: General Personal Finance|Comments Off on How to Choose a Good Lender for a Car Title Loan

3 Decisions that may Hurt your Diversification Efforts

Asset allocation and diversification are important concepts in investing. Although many investors think of them interchangeably, they are, in fact separate concepts. Asset allocation refers to how you choose to spread your money among investments. Every investor practices asset allocation by virtue of having invested. Whether or not that asset allocation represents diversification is another matter altogether. Diversification is a

By |April 27th, 2015|Categories: Blog, Personal Finance Tips|Comments Off on 3 Decisions that may Hurt your Diversification Efforts