Does this generation have a unique financial perspective because of how they were raised? Find out here.
For 2019, why not try something different by replacing that all-too-familiar promise to trim the waistline with a commitment to get your bottom line in shape.
Do you remember when you were young and would just close your eyes really tight so you could ignore something bad until it went away? That approach doesn’t work as a grown-up. Open your eyes and let 2019 be the year you sit down with a financial professional to get a detailed overview of your entire financial situation and what can be done to improve it.
Here are 19 ideas for a financially fit 2019.
Deciding when to let your children stand on their own can be tough, especially when they’re contending with student loans, underpaying jobs, or sky-high rents. But easing your kid’s entry into adulthood could be undermining your own financial security.
According to a December survey from CreditCards.com, three-quarters of parents are providing financial support for their adult kids.
But at a time when the majority of Americans haven’t socked away nearly enough for retirement—the median retirement savings for all working families in the US is just $5,000, according to the Economic Policy Institute—it makes sense to do a little less for our offspring, so we can think a little more about ourselves.
So, how do you figure out when and how to cut your kids off financially? Learn more below.
Basing your spending off how your friends spend their money is a huge mistake to make. Large spenders may also be building crippling debt.
You won’t find a real answer to how you’re doing in a Federal Reserve survey or a social media feed. You will find it by measuring yourself against rules of thumb, refined over decades and endorsed by financial pros that point the way toward true financial health.
Start with these:
It’s not that I don’t want a really fancy car, it is just that there is something I want a bit more: financial freedom. Car payments are many times the #1 obstacle that causes the average family not to achieve financial stability. Spend some time thinking about your current car situation. Are your car purchases making your bank richer or you?
Here is a great read about “How Your Car Affects Your Financial Freedom.”
With the help of a financial advisor, a divorcée bounces back. Her advisor told her that the best way to get back at her ex-husband was to become extremely successful. He was right.
Read full story here.
No matter how much you earn you could be creating your own barriers to financial success without even knowing it. Here are 10 things you might be doing that are preventing you from achieving financial freedom.
Click here to read Money Magazine’s 10 Reasons You’ll Never Be Rich.
Should I pay off my debt or start investing? This question, perhaps more than any other, has plagued investors for generations. Ironically, it is one that can be easily decided by using a bit of simple math.
Read more here.
Horizons Wealth Management provides Fee-Only financial services customized to meet each client’s unique needs. The result is unbiased financial advice from professionals who are committed to acting as a fiduciary in a client-centered relationship. We analyze all aspects of your finances to design a roadmap to help you reach your financial goals and provide you with peace of mind.