Personal Finance Software

Our financial goals are often very general such as “be out of debt” or “get a better handle on our money”. If we don’t have a clear picture of where we are and where we’re headed, the chances that we’re making progress in the right direction are pretty slim. In fact, we could be slipping […]

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Personal Economic Value

What is personal economic value and why is it important? Our personal economic value is our earnings potential or what can we expect to earn between now and when we plan to stop working. As an example, if I currently earn $44,000 each year, I’m 32 years old, and I plan to retire at age […]

Establishing Financial Goals

For some people, their financial goals are to someday be out of debt or have a better handle on their financial situation. But these types of goals don’t lend themselves to an achievable plan, and progress can’t be measured. When we establish financial goals, we assess the things that we need and want in life […]

The Emergency Fund

An emergency fund is a separate savings account that we set aside to cover monthly expenses in an emergency situation. If we experience a layoff or we’re unable to work for a period of time, the emergency fund is there to provide a financial cushion or safety net until our situation changes for the better. […]

The 6 Elements to Survivorship Planning

Survivorship planning is an often overlooked area of personal finance or is limited to large obligations like a mortgage, but there are many smaller items that could add up to a large financial burden for our survivor. We should start by analyzing the ability of our dependents to continue financially without us beginning tomorrow. This […]

Whats New?

Financial headlines and articles about the federal budget in Washington, changes in HealthCare costs, interest rate predictions, and the daily changes of foreign markets, do their best to make a case for our attention. There is a continual supply of recommendations for financial changes we should make based on the latest news and insight. If […]

Personal Finance Habits

Economic changes over the last 3 decades have been dramatic, especially in recent years. The housing market, unemployment rate, and increases in medical expenses (to name a few), have contributed to many financial hardships and difficulties. Headlines tout glimmers of hope as enough jobs are created one month, the stock market rallies one day, or […]