Having money and spending money are two different things. When we spend money on experiences instead of material items, though, we tend to feel much better about our spending, and we are happier about it.
As a Certified Financial Planner™, I know this is always a concern about a recession for many people, so knowing we cannot prevent a recession, what can we do to properly prepare?
How much is “enough money”? It’s a question that plenty of people have tried to answer, but the truth is that “enough” is different for everyone.
In our work with couples, we see it time and time again: women playing second-fiddle to their partner when it comes to money. But there’s one thing we really want to make clear: women are good with money, too. There are statistics to back us up.
If you’re committed to living wealthy now, odds are you’re a big fan of all things personal finance. So are we, which is why we’re sharing a few of our favorite personal finance podcasts, blogs, books, and tools below.
If you’re one of the lucky ones who are still paying for their college experiences, the monthly payments and interest may seem like a necessary evil. But it helps to take a good look at what type of student loan you have, so you can understand what to do to get that debt paid down faster.
Even if you owe more or less than the projected average, debt is likely a factor in your financial life. Like 80% of Americans, you’ve probably struggled with the question: “How do I pay all of this off?”
“Cutting corners” in your finances can lead to higher expenses, lower satisfaction, and a lower likelihood that you’ll actually meet your money goals. So, if you’re on a budget, how do you know when to save a few bucks and when to pay a bit more?
It’s hard to believe we’re in the second half of the year. However, now is the perfect time to check back on your personal finances — and your 2019 money goals.
Whether we like it or not, a lot of our behaviors, habits, and preferences come from our upbringing. One of the biggest things you carry with you into adulthood, though, is your family’s “Money Story.”
Combining finances is one of the most important things you’ll do when you’re a newlywed, but it can be a stressful task to take on. Worse yet, you may worrying you’re messing something up.
Combining finances is a highly personal decision that each couple needs to make, if you decide to combine finances, there are a few things you should know to make the process smoother.
Having money talks can be awkward, emotional, and stressful, which means you may not get down to the “nitty gritty”. One of the best ways we at Everyday Money have found to resolve this is to make money talks more of a game.
If you’re newly engaged or your wedding day is fast approaching, this is a magical and romantic time for you and your partner. But there’s one part of it that most people don’t talk about: the money.
Whether you’re about to be married or have recently said “I do,” there are a lot of conversations to be had. But there’s one thing that many people don’t want to talk about with their beloved: money.
Most of us don’t think of finances as being a source of joy. Sure, your finances can buy you a few cool things and afford you a lifestyle that makes you happy… but does each component of your financial life spark joy?
Study after study confirms it: money is the #1 reason couples fight. It’s the #2 reason they get divorced, right behind infidelity. The good news is that money, while difficult and sometimes emotional, can actually help you bond as a couple.
While some couples manage to be on top of their budget and on course with savings plans, others wake up one morning to the realization that the life they’re living is one paycheck away from financial disaster.
Values are shaped by many forces. All too often, we’re told what our values should be. It can happen as subtly as observing our friends’ lives and desiring what they have, to the blatant advertising we are bombarded with every day in the media.
The single biggest mistake I see in budgeting is in how people determine what they’re spending. Technology has changed the way people manage their finances, but you must be sure to use it in the right way.
The sooner you begin planning, the easier you will make it on yourself to provide the help you want to give your children as they enter college.