This is part 2 of a series on Building a Financial Plan. This posts covers reducing expenses and increasing income as part of a financial plan. Part 1 Goals and Objectives Emergency Savings Debt Reduction Home Ownership Part 2 Reducing Expenses Increasing Income Part 3 Living Will and Last Will
About ten years ago I decided it was time to put together a financial plan document. With several kids now in the picture, I had this nagging feeling that thirty years down the road there would be a list of things I wish I would have done to better prepare
There are many great books on personal finance, and this is an excellent place to start. The author shares simple truths about wealth through the tales of fictional characters who lived in the prosperous Mesopotamian city of Babylon. The story starts with a chariot craftsman named Bansir who struggles to
If you make substantial donations to non-profit organizations like charities, churches, synagogues, and shelters then you should strongly consider donating appreciated stock instead of cash. Aside from claiming the charitable giving deduction, you can also avoid paying capital gains tax on the appreciated stock that you donate. This is best illustrated with
So your home offer was accepted and now you have 30 days to close on your purchase. You are now in a race to complete your home inspection and line up your financing. You were probably already pre-approved for a loan (otherwise your offer would not likely be accepted). However,
What is Lending Club? I’m always on the lookout for ways to diversify my portfolio. Lending Club is a very attractive fixed income alternative for those with an appetite for more risk. At its core, Lending Club a peer to peer lending company that connects borrowers with investors for personal, medical,
Movie Pass is a subscription service that allows you to view up to one regular 2D movie per day at the theater. It works by linking a special debit card with your smart phone. When you arrive at the theater, your phone’s GPS will verify the location in the app.