Setting Financial Objectives

Paying off any level of debt can be an incredibly hard task, especially when you don’t have any real direction or focus. When you are trying to save or pay off an amount of debt there always seems to be something that comes up that halts your progress at the last minute, just as youContinue Reading

Happy Thanksgiving

  I have a lot to be thankful for this past year so from my growing family to yours Happy Thanksgiving!

Do You Actually Know How Much Money You Spend Per Year?

As back office support for a financial planning firm sometimes I have to create cash flow projections for clients.  The projections can be as simple or as complicated as the financial planner needs/wants it to be.  Today, I had a very interesting discussion with a planner about a particular client and this is not the firstContinue Reading

Do I Think About Money Too Much? Do You? Is it Unhealthy?

I don’t think I have a good balance with thinking about and not thinking about money.  From the moment I wake up on Monday morning until the moment I mentally check out on Friday, I have money on the mind and it makes me curious if I am the only one? My Money Thought ActivitiesContinue Reading

Why Do Short Sales or Strategic Defaults Even Happen?

There seems to be a debate between whether it is ethical to strategically default on your home mortgage.  Where I personally land on the issue is probably irrelevant, but if you promise to read to the end you’ll get your answer as to what I believe.  If you walk away from your credit card debtContinue Reading

What Happens When you Make an Extra Payment on a Loan?

It is really interesting to see the results of making an extra payment to a mortgage, auto loan or any other amortized loan.  I think there is some confusion as to  what exactly happens, mathematically, when you make the extra payment.  To understand what happens when you make an extra payment you first have toContinue Reading