Are you ready for retirement? While many people are dreaming of what retirement life looks like, most people are not financially prepared. While I’m not sure what other countries have; in the United States, some companies offer 401K plans to help plan financially with a retirement savings plan.
How is it possible that my toddler is in her senior year now? With parenting, there are so many things to do to keep the family running smoothly. We’re suddenly writing a check for their graduation ring. Prior to kids, I had it all mapped out in my mind that I was going to teach them to cook, wash clothes, and other skills they needed to know before they were on their own. And then life happened.
Vacation time is such an exciting time, but we all know it does not just happen without a lot of planning. Planning involves knowing how much money is available to allocate to it. It also includes researching destinations, deciding the time of year, and many other things.
Need money to pay for medical deductibles and co-pays? Want to save money while paying for this too? Ask your Human Resource department at your work to see if they offer Flexible Spending Accounts (FSA). There are two separate FSA: 1) medical expenses and 2) dependent care. We are going to look at the one for medical expenses.
Do you feel like you are in the same place (or two steps back) in your life today as you were last year? I have felt that way so many times. New Year resolutions were made and followed. Well, I followed them for a few weeks at least and then stopped. I lost my focus. By setting goals and establishing a plan to break them down into bite size pieces, it is easier to advance towards our dreams.
Do you feel like you are limping from pay check to pay check? We’ve all been there. These 5 steps will get you to managing your money to know where every dollar is spent how you want it to be, including fun items. Without a budget, you can make more money then you did years ago and still not be making ends meet. Many people spend more as they earn more. It is similar to the more space you have in-house, the more items you buy because now you have more room for it.
Do you spend more time when you get home from work trying to figure out what to cook only to find out you don’t have all the ingredients or nothing is defrosted? Check to see how much time is wasted on this the next few nights. Meal planning will not only save you time, but it will also save you money.
Looking for additional money to get you to the end of the month, for a birthday party, or for Christmas shopping? We’ve all been there. Below is a list of some items to help you find it right now.
Start teaching young kids about money. When I was little, my older brothers would try to trick me and trade money with me. I did not know the value of money at the time, so I thought giving them 1 quarter and getting 10 pennies in exchange was a great deal, because it was “more items”. I used to think that if you did not have money, just write a check. Start with the basics of definitions.
Continue reading “Money Talk for Kids”
This is probably not your favorite topic, nor is it mine, but we all have to pay taxes. Did you get a refund or have to pay more taxes when you filed last year’s tax returns? If you had to pay, now is the time to consider making some adjustments and getting organized for next year’s taxes.