I received an email from some clients of mine. It's a young couple I've been working with over the last year. Quite frankly, I adore working with them because they implement my recommendations and are seeing fantastic results. At any rate, the email was letting me know that one of them was recently in a car accident and her car was totaled. Fortunately, she's okay besides some bumps and bruises.

It would've been very easy for them to throw their hands up in frustration and give up when faced with this financial setback. Instead, they reached out to make an appointment to discuss their options. A year ago, they probably would've entered into a loan they couldn't really afford that would continue to set them back every month. What a difference a year makes!

The Most Important Step to Maintaining a Wealth Mindset

Making the decision to shift to a wealth mindset is the first step of many towards building a wealth legacy. Taking action is the second step. Both steps are essential...

Looking for the best budgeting or money management tools? There are so many facets of budgeting, and you’ll likely have to make some sacrifices, but using one of these tools can make those sacrifices easier and can take the hardest work out of budget. These are the best budgeting apps and tools to download now if you want to get your spending under control. 

Some of these budgeting products listed below offer both a desktop and an app version of the product. And some of these tools do the same thing. You don’t need all of these, so pick and choose which ones best fit your financial situation! 

YNAB

You Need a Budget is one of the most popular budgeting apps available. If you’ve never even had a budget before, this is the app for you. It’s a great way to get started with budgeting and will teach you about all the ways to manage your money. The app uses a “zeroed” out budget and makes sure that you allocate your money down to the very last...

Having a budget is essential to successful financial planning, and over the years I have heard so many myths about budgets and why people say they don’t work or why they don’t need a budget. These budgeting myths can prevent you from achieving financial security so in this blog post, let’s play MythBusters and walk through some of the misinformation I hear about budgets and what the truths are instead. 

Budget Myth #1: Creating and managing a budget takes too much time.

The Reality: Taking control of your money is worth the investment.

Creating a budget for the first time can seem overwhelming and time consuming, but it doesn’t have to be. There are so many tools, templates and apps available to help you through the process. And once your budgeting framework is in place, you can easily and quickly adjust your budget. 

If you use an app or other online money management tool for your budget, the tool walks you through the set-up process. You often...

In our previous blog post Stop Living Paycheck-to-Paycheck, we discussed some common reasons why people live paycheck-to-paycheck. In this blog post, we'll share some ways that can help you get out of this cycle and put your money to work for you. 

Setting a Budget

The first step is to set a budget. When you set your budget, it's important to think about your needs, your wants, and the future, which involves savings according to your goals and plans. Creating a budget can seem overwhelming at first but keep reading for helpful tips. 

• Determine Your Income – Your income is not what your boss pays you or what you earn if you work for yourself; it’s what you have left over after all mandatory paycheck deductions like taxes and insurance have been paid. After all, you cannot budget what you do not have. Getting this figure right will really help.
• Add Up Your Expenses – This may take longer if you’re in debt or you have a lot of expenses you...

Give Your Budget a Check-Up

We’re in the full swing of Summer, and whether you’re in vacation mode or you’re working just as hard as ever, July is a great time to review your budget. After all, if you created it in January, a lot can change in 7 months, and you want to make adjustments now if you need to. Budgets are fluid documents that are meant to be changed and updated as needed to make sure your money is always working for you.

You don’t need to spend hours and hours pouring over every detail of your budget, but I do suggest taking the five steps listed below to make sure you’re on track to reaching your goals by the end of the year. 

Review & update your budget

If you created your budget at the beginning of the year, now is the time to make sure that it’s still working for you. Are you staying within your budget, or are there some categories that need to be adjusted? With the increases we’ve seen in food and gas prices, many...

With Valentine's Day right around the corner, many of us are focusing on those special people in our lives and how we can show them what they mean to us. And that is certainly important…but I also want to challenge you to do something for yourself.

Self-love and taking care of yourself should be a priority - I'm sure you're familiar with the airplane safety speech…put the oxygen mask on yourself BEFORE assisting others. And that's great advice for other areas of your life too! 

As a financial advisor and money coach, I want to encourage you to do one thing this month that will help you improve your financial wellness. After working with hundreds of clients, I know that financial wellness can significantly impact a person's overall well-being. 

There have been countless challenges since March 2019, and now we're experiencing high rates of inflation and supply chain issues. So this is the perfect time to see what changes you need to make in the new year....

It’s easy to overspend and go over budget during the holiday season! I’ve certainly done it plenty of times!! I know it’s hard not to get caught up in the gift-buying season with all of the advertisements and “special” deals that we’re bombarded with every day. And none of us want to be viewed as a “scrooge.” With some planning and research, there are so many ideas for creating a wonderfully memorable holiday season without stressing about spending too much. 

Here is a recap of some of our previous blog posts that share gift ideas for some people that may be hard to buy for as well as tips on how to stay on budget and creative ideas for decorating. 

8 Ways to Stay on Budget During the Holidays

Read about some tips to help you stay on budget, including setting spending limits, only shopping for the kids, using cash-back websites, and more! Even if you only want to incorporate a few of these tips, they are sure to help you stay...

Improving your financial situation is always high on the list of resolutions I hear from my clients. After all, with a mindful eye on your finances, you can build stability for your family and be able to thrive for years to come without worry. (It’s such a hot topic, I created a list of 10 financial resolutions you may want to set for yourself to help in this mission.)

That said, surviving and then thriving takes a little effort in the beginning to get yourself on the right track. Case in point: How many dimes would you have for each person you hear claim that “This is my year”? You may have racked up a few dollars just counting all the times you’ve proclaimed it’ll be your year. And, I mean this gently…. What happened after that proclamation? Exactly. Never fear, these 5 simple steps will help you improve your financial situation once and for all so you can bask in the knowledge that this will be your year for years to come.

Make the Decision

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This year, the holidays will look a little different, but that doesn’t mean that money issues will magically be a moot point. The holidays are prime times to overspend, not stick to a budget, and treat yourself a little too often.

It’s also time to stress about how much you should spend. Will someone think you’re cheap or love them less if you don’t share a gift that’s worth a certain dollar amount? Then, there’s the pressure to give a gift or visit everyone - which isn’t feasible during the best of times, but is definitely going to come under question right now.

But of course! We want to share gifts for a socially-distant gathering with our closest family and friends. It’s the season of love and joy and togetherness. Use these tips to stay on budget and still feel like you aren’t depriving yourself or your loved ones this holiday season. You can also take a look at all of my holiday posts for even more inspiration for holidays...

When you’re trying a new budgeting system, it can be challenging to get started with it or stick with it long enough to see if it will work for you. With all the different tracking methods, it’s natural to try out a few before one clicks. Having the right mindset around money, saving, and budgeting will help greatly. Here are five of my favorite budgeting mindset shifts that will help you focus on your money goals.

Budgeting Mindset Shift #1: Facing Your Money is Better Than Ignoring It

There is nothing more stressful than having an emergency pop up and no money to cover it - not only will you have to deal with what happened, you’ll have to deal with the added pressure of scrambling to cover it.

What I love about a budget is that it forces you to face your money head-on before a disaster strikes. After all, it’s there in black and white. Embrace the budgeting mindset and habit to look at your bank account every day. Don’t get defeated by what you see,...