Five Ways to Retire With Less Money

What if you are one of the many millions of people who have little chance of having a million dollar retirement portfolio by the time you reach 65? Should you abandon the idea of retirement completely and plan on working until you die?Hardly.The reality is that most people will enter retirement with something much less than $1 million. The ability to retire is often more dependent upon factors beyond your retirement portfolio.Here are some ways to enable you to eventually have some … [Read more...]

How to File the Federal Tax Extension Form

Filing a tax extension is simple.  If you need extra time to work through your tax documents and just don’t think you’ll be able to finish your taxes by the April 18th tax deadline, you can file for an extension.Once you file the tax extension form, you’ll have until October 17th 2016 to file your taxes (an extra 6 months).  This doesn’t mean that you get an extra 6 months to pay your taxes.  That’s why it’s so important to estimate you taxes owed and pay them before April 18, 2016.  Otherwis … [Read more...]

Five Ways to Retire With Less Money

What if you are one of the many millions of people who have little chance of having a million dollar retirement portfolio by the time you reach 65? Should you abandon the idea of retirement completely and plan on working until you die?Hardly.The reality is that most people will enter retirement with something much less than $1 million. The ability to retire is often more dependent upon factors beyond your retirement portfolio.Here are some ways to enable you to eventually have some … [Read more...]

Budgeting Bliss: 5 Steps on How To Get There, and When To Send the Old Budget Packing

Admit it. You can’t afford not to budget. There are plenty of people out there who--despite their six-figure income--still find themselves in a vicious paycheck to paycheck cycle. The only way out? Budget. A good budget fits snuggly, but isn’t suffocating. It gives direction but isn’t overbearing. A real budget is constructive, not constrictive. My guess is, you’ve been in a bad-budget relationship most of your adult life. That good-for-nothing budget promised you extra money in your account and … [Read more...]

How Much Should You Have in Your Emergency Fund?

Everyone should have an emergency fund, no one disagrees with that. But there is considerable variation in opinions as to how large an emergency fund should be. The specific size should always be based on a combination of individual needs and preferences, but if you’re looking for some guidance, below are some recommendations.A $1,000 emergency fundThe idea of a $1,000 emergency fund has grown quite popular, not the least of which since it’s been advocated heavily by Dave Ramsey. While I thi … [Read more...]

16 Fundamental Truths of Personal Finance

1. Pay God FirstWhere your treasure is, there your heart will be also.  It’s important to understand that money shouldn’t’ be the sole reason behind why we work each day.  Our hope doesn’t lie in the dollar, euro, or gold; it’s founded on Christ.  Personal finance is no different.  When we acknowledge our dependence on Christ, we can start to see how faithful God really is.  This is why giving is so important.  We give so that others might hear the Gospel and find the same hope that we have2. … [Read more...]

Become a Money Saving Expert

The thought of being an expert at anything can be intimidating, especially when it comes to money.  But you don't need a degree in finance to become a money saving expert.  You just need a little creativity and an open mind.If you're tired of living paycheck to paycheck, you can learn to spend less and save more with these money saving tips. But before you can really succeed, you need to:- Have a planYour budget and savings plan need to have clear goals for how much you'll spend and a … [Read more...]

3 Reasons Why Your 401k is So Important

Saving for retirement comes with a dizzying array of options. Which retirement account should you choose? Which investments within that account do you really need? What if you make the wrong account choice and can't get a specific investment that you need? With so many options many people find themselves in analysis paralysis. They aren't sure which the best decision is, so they don't make any decision at all. This delays their investment of funds for retirement which eventually means their nest … [Read more...]

Tackling Student Loans

$23,186.This is the average debt load a student will end up with after graduating college.  If you’re like the 66% of all undergraduate students who have taken a student loan, you probably want to get rid of those things as fast as possible.  It’s easy to get caught up in the borrowing maze in college and managing your loans can become a headache quite fast.  With lenders selling your loan to other places and changing their name – it’s hard to keep everything straight!Here are a few things … [Read more...]

6 Ways to Make New Year Resolutions That Work

Every year resolutions are made for the New Year and start strong for the month of January. In the swing of things, you coast into February but then comes March. With tax season approaching, the resolutions take a back seat and it’s all down hill from there.How can you make resolutions that last?It starts before you even begin the newfound habits. Before you make your resolutions, start with the following in mind:1.ImpactfulYour resolution must have meaning for YOUR life or it’ll never st … [Read more...]