The dangers of generic money advice

Everyday we’re inundated with messages from the media about how to invest, how to save and what to do with our money. But is that advice best for your financial situation? Keep in mind, the media creates stories to get your attention so you’ll stay tuned through commercials or see ads online. All that glitters …

Millennials’ money habits

I think about Millennials all the time. I spend time reading and researching what they buy, how they spend and where they save. The reason to obsess over Millennial habits is to better understand the future direction of our economy here in the United States. Granted, the ability of Millennials to save and invest is …

The cost of parenting: kids vs adult children

Expecting parents walk into our office all the time consumed with the cost of raising their unborn child. They often ask how soon they can open up their college funding 529 account, and the best way to put money away each month. With each successive government report releasing data on total student loan indebtedness (now …

3 Steps to review your finances yearly

As we approach the holidays, this is the ideal time to reflect on your 2018 finances as well as create a focus for 2019. Reviewing how you performed financially this year can help you gain a greater understanding of what needs to happen for your finances in the year ahead. Cash flow This is the …

Smart money moves to make you happy

A question we ask ourselves and often hear does money really make someone happy? It is an old question, but an expectation we set that if you have more money you would be more satisfied with life. People have this assumption because they afford to do whatever they want and that automatically creates happiness. That …

Smart holiday spending strategies

The holiday countdown is on, which means the pressure is on to get your holiday shopping done. Shopping means spending and most people go into the holidays without a spending plan. You think you’re being smart by looking for sales and bargains, but you spend far more than you should. However, the holidays don’t have …

4 Money tips you can’t afford to pass up

With all the money saving ideas floating around, I find that there are a few basic financial areas to address that most people forget about that can help maximize your dollars. This isn’t by any means a comprehensive list, but I would rather provide a list of key areas to consider – instead of a …

Money: 4 rules of thumb

How much should I save for retirement? How much house can I afford? How much should I save for emergencies? These are important questions to consider for your financial future. Here’s a breakdown of the money rules of thumb that should help shape your financial plan. Retirement savings Rule of thumb: at least 10% of …

5 Steps to protect your money in a digital world

Cybercrime is on the rise. Criminals are going after financial institutions because that’s where all the money is. In 2017, breaches and fraud incidents, both online and offline, increased more than 130% year over year. Many experts believe there are only two types of financial institutions with regards to digital security – those that have …

How to get rich AND go broke

The Sound Financial House is built on a foundation of sensibly handled cash flows. “Sensibly” is a good word because a lot of it is common sense. For example, here is how you get rich: earn more money than you spend. Common sense! Unfortunately, though, it isn’t always easy to do what “common sense” dictates. …