Menu

Financial Planning

Why Credit Matters

 March 9 2015     Anna Pfaehler
In my experience, those who are worried about their debt are also concerned about their credit. These two go hand-in-hand. Credit determines the terms you will receive on new debts and your old debts are what determine your credit.  People looking to pay off their debts are typically also thinking about improving their credit score. Therefore, the next few weeks this blog will focus on credit.  ...

Strategies for Paying Debt

 March 3 2015     Anna Pfaehler
Quinby Hill is a particularly steep beast in Scarsdale, NY that I frequently included in my running loops. It was unavoidable because of its location. One time, I was running up it with a group of fellow runners. A friend, looking for a strategy for attacking the hill, asked me how I get up it. I responded, “One step at a time.”   Paying down debt can feel like running uphill. It isn’t easy and i...

The Cost of Debt

 February 24 2015     Anna Pfaehler
In the last post, we discussed how the return on investment of a debt determines if it is a “bad” or “OK” debt. In this post, we’ll look closer at the investment side of the equation. The cost of a debt is the interest paid. This cost changes based on the interest rate, the payment schedule and the length of the loan. Let’s consider three types of debt at various interest rates: Mortgage $150,0...

How to Manage Debt - Part 1

 February 11 2015     Anna Pfaehler
For many people, money is the powder-keg and debt is the match. Debt is a tremendous stressor. It carries a negative stigma. It can be expensive. It can be overwhelming. There’s no shortage of talking heads espousing the evils of debt and how to live debt free (just buy their audiobook and you’re on your way!). For precisely this reason, the next few weeks will be dedicated to focusing on debt..  ...

Mobile Apps to Help You Track Your Budget

 February 2 2015     Anna Pfaehler
With the boom of smartphones, accessing your financials is easier than ever. There are banking apps, mobile trading apps and budgeting apps. Budgeting apps have become particularly popular and useful.  Recently, we spent time reviewing several budgeting apps. The following are a few of our favorites.    Mint is one of the most popular budgeting apps on the market today. This app allows users to...

Tips for Sticking to a Budget

 January 26 2015     Anna Pfaehler
There are two parts to budgeting – seeing where your expenses are now and prioritizing your spending going forward. The next step is to create spending targets for each type of expense.  The percentages presented last week – 50% necessary expenses; 20% debt reduction and saving; 30% lifestyle expenses – can help you determine where your spending should be. Give yourself certain amounts that you c...

How to Create Your Target Budget

 January 19 2015     Anna Pfaehler
As we discussed last week, your budget should categorize expenses as necessary, debt reduction/saving and lifestyle choices.    This week we’ll give some rules-of-thumb about how much you should spend in each category. Your personal situation is unique and may not fit exactly with these guidelines; however, they provide a place to start.   Your “necessary” expenses, as the name suggests, are o...

Happy New Year!

 January 9 2015     Anna Pfaehler
If you’re a resolution maker like me, the beginning of January is a time of promise and motivation. Now is the time to start tackling your goals. Just north of 30% of Americans will make financial resolutions for 2015, according to Fidelity. If your resolution is money-related, you’ve come to the right place. Each month I will address a new topic to help you on your way to healthier finances. L...

Statistically….. Who is Getting Audited?

 February 11 2014     Michael Napier
The IRS recently came out with their audit statistics from last year (2013). Let’s start with the good news.   For the first time in nearly a decade, they are reporting record low audit rates….less than 1% of all returns.  Most news publications, such as Kiplinger, believe that this rate will continue to slip, mostly due to budget cuts and lack of enforcement personnel. What income bracket g...

Want High Stock Market Returns? Root for the Seahawks.

 January 27 2014     Michael Napier
Does the Super Bowl winner predict annual stock market performance? A recent USA Today article, “Stock indicator says root for Seahawks in Super Bowl”, shares an interesting statistic that a super bowl win for the National Football Conference (NFC) will predict annual positive stock market returns.  A win for the American Football Conference (AFC) typically predicts a loss in the stock market. The...
Page 5 of 7First   Previous   1  2  3  4  [5]  6  7  Next   Last