Category Archives: Budget Tips

We’re “Official.” Now What?

Dear Alicia, We’re getting married soon and are wondering if there are any particular financial steps we should take once we’re “official?” -Ned and Nancy the Newlyweds Congrats Ned and Nancy! Getting married is an exciting and hectic time. Here are the financial steps you should be taking once you are “official.” Goals Start by discussing your financial goals now and in the future. Do you want to buy a home, start planning for a baby, or create an emergencyRead More

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Can’t get yourself FIREd? You can still have a LIFE.

FIRE stands for financially independent, retire early. The movement continues to grow, with retirees in their 20’s through 40’s. It has caught on because it is unexpected – we don’t picture retirees being so young. Yet it is entirely possible and there is an ever-growing number of blogs and books that prove it. The typical profile of someone who has achieved FIRE: Graduated from college with very little or no student loan debt Earned $100,000+ per year with benefits SavedRead More

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Credit & Debit Cards to Use Abroad

Are you traveling abroad this summer and unsure which of your “plastic” you should bring with you? Travel is already a luxury but it can get even more expensive when each purchase is racking up additional fees. Recently I went to Asia and did some research of my own. Hopefully, this will help you decide which of your cards you should bring, what fees you should know about, and when to use a debit card versus a credit card. CreditRead More

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PWR’s Cash Flow System

To take control of your financial life, you have to be organized, and the most effective tool for this is a budget. We created the PWR Cash Flow System to help our clients and readers get started with an easy-to-use solution to track their spending. Start by downloading the excel found here on our downloads page. You can also watch a video on how to use this sheet on our YouTube page. The excel file has three tabs shown atRead More

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Allowances for Children

Age 5 is a common age when parents start thinking about issuing an allowance to children.   The goal with an allowance is to teach children about personal finance and delayed gratification.  Children who practice delayed gratification tend to be more successful in life.  Thankfully, this is a skill that can be acquired with practice. You may choose to tie the allowance to chores, or not.  There are two schools of thought on the topic, which you can read about here.  Personally, IRead More

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Meal Planning for Working Parents

For working parents, cooking meals during the week can be a challenge.  For each $100 per month that you save from NOT eating out, you could have $100,452 in 30 years (assuming a 6% average return) in your bank account.  It is healthier for you and can minimize the additional expense of lunches (I make double the food we need and pack up the leftovers for everyone to take to school or work the next day). In my own household, aRead More

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