Personal Finance

/Personal Finance

I believe that Personal finance encompasses all the decisions a person might make when it comes to cash flow, budgeting, retirement, investments, multiple streams of income, and insurance protection. Every adult is bombarded with decisions to make when it comes to all these areas of life and I try to help with my thoughts and opinions on the various topics.

Is a College Savings Plan Worth It?

A 529 plan is a tax-advantaged college savings plan designed to encourage saving for future education costs. These plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.The question most people have is, are college savings plans worth it? Benefits of a 529 Plan The reasons many families choose to invest in college funds for their education savings is because of its benefits. The first one is basically that this investment tool was literally made for the purpose of saving for education and for children. [...]

By |2019-01-15T14:18:09-04:00November 21st, 2018|Personal Finance|0 Comments

Simple Tips to Prepare to Move Into Your New Home

If you are preparing to move into a new home, you need to get everything ready. It is easy to overlook the necessary steps to fully prepare for the move and improve your new residence until the last minute. Consider this list to make your new home a safe and welcoming place for you and your family. Review the Quality of the Neighborhood If you are preparing to move, choosing a location for your new home is one of the most important decisions you can make. If you have children moving into the home with you, it is important to explore whether [...]

By |2019-01-15T13:56:55-04:00November 18th, 2018|Personal Finance|0 Comments

Six Attorneys Who Affect Your Finances

At some period in your lifetime, you may need a legal professional to help you with a situation that can affect your finances. The following are some of the types of specialists you may see and how they can affect your income. 1. Civil Attorneys A civil litigation attorney is an attorney who can assist you with things like small claims and evictions. They can help you if you're a property owner who needs to evict someone so that you can get paid. These lawyers can help you with a variety of other situations such as theft to help you get back [...]

By |2019-01-15T13:55:22-04:00November 17th, 2018|Personal Finance|0 Comments

Teaching Teens the Basics of Personal Finance

In a perfect world, every school district would require its students to take a course or two on personal finance prior to getting a diploma. While it’s true some schools offer classes on money management and other aspects of financial literacy, the vast majority do not. This leaves it up to parents and other adult role models to ensure adolescents have the knowledge and awareness necessary to successfully navigate the world of personal finance. Here are some tips for those trying to teach teenagers about the fundamentals of personal finance: Make it personal It can be difficult to appreciate the importance of [...]

By |2019-02-23T22:24:53-04:00October 30th, 2018|Personal Finance|0 Comments

They Grow Up So Fast: 5 Ways You Can Start Saving for Your Child’s College Tuition Today

When you first had your child, you felt more pride and joy than you could imagine. But lurking right underneath these feelings are worries and anxieties for their future. It seems like yesterday your child could barely crawl, and today they’re ready to head off for their first day of school. You realize that college is coming up sooner than you think - and how will you pay? Do you need a life insurance policy? A new savings account? Here are five ways to make furthering their education more certain. Secure their future with a policy. Getting a life insurance policy is [...]

By |2018-11-26T13:50:20-04:00October 23rd, 2018|Personal Finance|0 Comments