Money is one of those topics that can feel a bit tricky to discuss with your kids. How much do you share? When do you start? And how do you ensure they understand the value of a dollar without overwhelming them? Whether you’ve got a toddler just learning about the concept of “more” or a teenager eyeing that first job, talking to your kids about money is one of the most valuable lessons you can teach them.
Read MoreRenovating your home can be an exciting yet daunting task. Should you channel your inner HGTV star and tackle it yourself, or is it wiser to call in the cavalry of seasoned professionals? Whether you’re eyeing a kitchen overhaul or just sprucing up the bathroom, making the right choice can save you time, money, and a heap of frustration.
Read MoreI recently had a heartfelt conversation with a friend who, with tears in her eyes, shared a significant milestone in her life. For the first time ever, she managed to fund her family’s vacation without resorting to debt.
In previous years, she had been caught in a vicious cycle of racking up credit card debt to fund their trips, only to spend months paying it off just in time for the next vacation.
As I joined in celebrating this meaningful moment with my friend, it prompted a moment of reflection on my own journey and the profound impact of managing finances wisely.
Read MoreHere’s a tip that we often forget in the rush leading up to the end of the school year:
Plan ahead for the expenses of summer.
You’ll likely be thankful you did — preparing and planning can help you enjoy the season and focus on fun instead of finances. By creating a budget and saving early for certain seasonal expenses, you can make the most of your summer without the stress and worries of overspending.
Read MoreWe've probably all been there at some point in our lives — staring at those bills, trying to figure out how the heck we ended up drowning in debt again. Whether it's unexpected emergencies, lack of planning, or just a case of the "I want it" taking over, debt can quickly spiral into a vicious cycle that can leave you feeling suffocated.
If this is you — it's time to break free from those debt shackles and reclaim your financial freedom.
Read MoreKnowing where to stash your cash can feel a bit like choosing your fighter in a video game. Each option comes with its own set of powers, weaknesses, and strategies to maximize your wealth. Some of you might be thinking, "Any old bank account will do, right?" Let me stop you right there. Not all bank accounts are created equal — they come in different shapes and sizes, each with its own set of pros and cons.
Let’s look at some of the most common bank accounts. Getting your cash situated in the right spot can maximize returns, minimize fees, and generally make your money work harder for you.
Let's unpack these traits and see how to incorporate them into your financial journey.
Read MoreIn their book "The Next Millionaire Next Door," Dr. Thomas Stanley and his daughter, Dr. Sarah Stanley Fallaw, delve into the lives of self-made millionaires, revealing some surprising truths. These "millionaires next door" aren't living flashy lifestyles. Instead, they are hard-working people who share six common behavioral traits (“wealth factors”) that paved the path to their financial success.
Let's unpack these traits and see how to incorporate them into your financial journey.
Read MoreYou're working hard to build wealth and lead a purposeful life where you have the freedom to make financial decisions that align with your values (no easy feat!). But with a proper plan, those decisions aren't confined to your lifetime.
How is that possible? Estate planning. It's a term you might have heard before, but if you never got to the bottom of what it is, why it's so important, and how you can use it to secure your financial legacy—now is your time to find out!
Read MoreThe beginning of every new year is filled with a renewed focus on health and wellness: eating better, exercising more, prioritizing mental health, and practicing self-care. All these small changes are important to your well-being, and with commitment, they can help you build a strong foundation for a healthy lifestyle.
The new year is also a great time to focus on financial health and improve your financial wellness. The benefits of financial wellness go far beyond financial stability alone. Financial wellness is a holistic approach to your financial health and brings with it lasting emotional and mental well-being that comes with effective money management.
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