Budget For These Travel Expenses

Travel Expenses to Start Budgeting For

Date: May 2, 2017 The most exciting part of travel might just be in planning the details. But don't get too deep into daydreaming without incorporating another kind of planning: financial. It's never too early to figure out how much your trip will cost and start budgeting for it. Expenses You May Incur Before You Even Leave Home While plane tickets and accommodations are the primary costs of any... Continue reading

Simple Interest vs Compound Interest: Key Differences

Whether you're estimating future earnings or how large your loan balance will balloon after years of not making payments, calculating interest accurately is vital to financial planning.  "Simple interest" and "compound interest," are both methods of calculating how much interest accrues on an account. While simple interest is the shorter calculation, compound interest is more accurate.   How... Continue reading

College Cost Calculator

The high cost of a college education has made it more important than ever to plan ahead for future education expenses. But you must also consider more than just the cost of education itself — and account for things like room and board, supplies and spending money as well. Whether you're planning for your own education or the future education of your children, you don't want to be left scrambling... Continue reading

How to Retire Overseas

Retirement can be an adventure if you're open to the possibility of moving abroad. Your retirement income may go further if you spend your golden years in a foreign land than if you stay put in your hometown. And, you'll have the chance to experience a different culture. But before you ship off to Fiji, here are a few financial tips to get you started planning for your golden years. Continue reading

Introduction to Pension Plans

While some people still stash cash under their mattresses for retirement, the majority know there are more springs than savings under there.  When it comes to true savings, interest-bearing investments are the way to make money grow before you clock out for the last time.  Because there are so many types of pension plans, it's important to understand the basics first before planning for your... Continue reading

Child Care Costs vs. Income

The decision to work or stay at home with the kids has become increasingly complex for families due to the realities of today's economy. In some cases, the cost of child care not only outweighs the income provided by a second job, but it's also a household's largest single expense. It can cost the average family more than college tuition or even housing. Here's a look at the current state of... Continue reading

How Personalities Affect Spending

Everyone may pay the same way — either with cash, credit or debit — but the experience of spending money can be radically different from one person to the next. Understanding how your personality affects your spending habits may help you reign in those impulse purchases.   Experiential Personalities People who prefer spending money on new experiences rather than to collect material possessions... Continue reading
The Advantages of Buying a Home Versus Renting an Apartment

The Benefits of Home Ownership

Buying a home has always been built into the American dream, but in the wake of the housing crash, a new generation of homebuyers is treading more carefully. While renting is more flexible, buying a home has the bigger potential long-term payoff, with tax advantages and quality-of-life benefits. Comparing the costs of buying are more varied and complicated than for renting, so it's important to... Continue reading
Ways To Achieve Better Work-Life Balance

Ways To Achieve Better Work-Life Balance

Remember playing on a seesaw when you were a kid? It isn't any fun when one child is substantially bigger than the other. Coordinating work obligations and personal time is a lot like the seesaw's teeter-totter effect. Constant stress from a never-ending workday hurts relationships, damages health and reduces your overall happiness. Finding a balance is essential if you want to keep stress at bay. Continue reading
What percent of your paycheck should you spend each week?

What Percentage of Your Paycheck Should You Spend Each Week?

Managing finances looked so easy in grade school with those cute pie charts sliced into brightly colored wedges. But, out in the real world, dividing up your paycheck into spending and saving requires some additional calculating and a bit of shuffling. While you won't find a magic formula that sets out hard-and-fast rules for divvying up income, financial planners offer several possible ways to... Continue reading