Does your current credit card debt cause you stress? Do you feel overwhelmed when reviewing your monthly bills? Have you thought about trying to dig yourself and your family out of debt but just don’t know where to begin? If you answered “YES!” to any or all of these questions, I am going to...
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You will consistently hear financial advisors and investment professionals discuss the importance of diversifying your investment portfolio – an investment strategy that follows the simply adage “Don’t put all of your eggs in one basket”. In my experience, I have seen many of my friends invest in various bonds, stocks, and mutual funds. And...
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I am convinced that the number one problem with most people when it comes to managing their money boils down to one simple truth: most of us have NO idea where our money is going each week, each month, and each year. How many of you know what percentage of your net income you...
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Despite the threat of a potential ‘double dip’ in the economy and housing market, within the last few months I have strongly encouraged my youngest son to consider becoming a homeowner. While unemployment rates remain high and there is no shortage of uncertainty regarding the strength of the current ‘recovery’ (consumer confidence shrinking, businesses...
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Have you ever wondered how your spending compares to that of other families in the U.S.? The graph below (courtesy of a great website – www.visualeconomics.com) outlines the average annual expenditures of a typical U.S. ‘consumer unit’ as reported by a 2009 survey from The Department of Labor. * “Where Does the Money Go“...
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