Why Your Money Keeps Disappearing (Parkinson’s Law)

Have you ever looked at your bank account and asked yourself “Oh my word, where did my money go?” Have you ever been given a project with a deadline, then used that whole time to complete the project? These two circumstances are connected by a phenomenon called Parkinson’s Law and it applies to anything from time managementContinue reading “Why Your Money Keeps Disappearing (Parkinson’s Law)”

How Blockchain Works in Simple Terms

Bitcoin is quite the buzz word right now. Everyone wants a piece of bitcoin. It just keeps growing! But for the average person, bitcoin doesn’t make sense. How does something that is made up of ones and zeros have any sort of value? What happened to being backed by good old fashioned gold? To understandContinue reading “How Blockchain Works in Simple Terms”

How to Prepare for a Market Crash Before It’s Too Late

Our friends Dow and Jones sure are sensitive fellows, aren’t they? They hear one thing in the news and then you can’t control what crazy stuff they’ll do.  When you begin to feel the rumblings of a market crash earthquake, what’s the first thing you do?  That’s why we have to prepare! I’m not talking financialContinue reading “How to Prepare for a Market Crash Before It’s Too Late”

Financial Coaching: How It Works and Who Should Get It

What is a financial coach and how is it any different than a financial advisor? In this post, we’ll break it down. Then we’ll cover who should get financial coaching and how it works. Spoiler, I don’t think coaching is for everyone. I don’t even think it’s for everyone who has financial problems. Financial AdvisorContinue reading “Financial Coaching: How It Works and Who Should Get It”

How to Find Your Net Worth and Why It Matters

People talk about “net worth” but how do you actually find it? In this post, we’re going to look at net worth and why it’s helpful. We’ll also look at its one major downside of net worth. Let’s start with the definition. Net Worth Definition Net worth is what you own minus what you owe,Continue reading “How to Find Your Net Worth and Why It Matters”

The Problem with “Pay Yourself First”

You hear the phrase “pay yourself first” all the time. I agree in theory, but when we look at it deeper, how does that affect other areas of your financial life? Is the “pay yourself first” mentality really the best way to make progress with your money?  “Pay yourself first” is a frequently used phrase to justContinue reading “The Problem with “Pay Yourself First””

The 6 Do’s and Don’ts of Budgeting

Consider this: The median household income of Americans in 2019 was just over $68,000 according to the Census Bureau. If starting a budget caused you to save even 1% more of your yearly income, that would be an average of about $56 a month of savings. When $56 is invested per month over your 40Continue reading “The 6 Do’s and Don’ts of Budgeting”

Budget How-To: The Blow Fund

This week we covered a sinking fund. Basically, it’ just a section of the budget for setting aside a certain amount of money per month in preparation for a predictable expense. A couple examples we used were anything from Christmas savings to saving for a house or car. Today, we’re going to look at aContinue reading “Budget How-To: The Blow Fund”