Did you ever have a task that you think is so onerous, so complicated, and so monumental that you just…didn’t do it? You didn’t do it, even though you knew that it definitely needed to get done and no one could do it for you? For me, that task was making a will. Maybe I […]
In investing, you have to make sure your investments fit you. This is the story of how I realized that I was my own most important advisor.
Every investor has to get started. This is my story of the first time I set up an investment of my very own. I didn’t necessarily act wisely. I wasn’t knowledgeable. In retrospect, I picked mediocre investments for all the wrong reasons. Despite those mistakes, I learned key financial behaviors that you have to learn […]
Even younger kids can start learning good lessons. Here are 6 ways of teaching younger kids the importance of saving, smart spending and earning money.
Target-Date Funds are one of the most common and most-utilized investments in 401K plans. While they provide an easy, understandable way of investing and rebalancing your portfolio as you approach retirement, they may not be the best choice for everyone. Learn the pros and cons of target-date funds, and why some target-date funds are better than others.
A personal balance sheet to record your assets and liabilities is a good tool for determining your financial position. Here’s a spreadsheet and instructions to help you determine your personal net worth, which can help with estate planning, risk assessment and asset allocation.
In a financial emergency, raiding your retirement savings may seem like the best of several bad options. But what are the costs?
If you want to know how well a company looks after the interests of its shareholders, you won’t find it just by looking at the balance sheet or income statement. Look at the Statement of Shareholder’s Equity. It combines information from the balance sheet, income statement, cash flows and notes to the financial statement to show you all of the equity changes in one place.
There are three people in my house: One of us (me) eats anything, another of us eats anything in small portions, and a third who only eats white bread, apple sauce and things with cheese on them. Preferably slices of white bread with cheese on it. Looking at our grocery bills, we easily spend over $500 a month. So this weekend, I spent a little time figuring out why the heck does my little family of three spend so much? It has a lot to do with food waste.