Keeping up with the Joneses

Keeping up with the Joneses

Why do so many people feel the pressure to keep up with the “Joneses’”? Just because someone in your circle of friends is always buying the next “must” have item or trendy new car, is it worth spending the money to keep up? There is a fine line between setting trends and being sucked into…

The Cost of Summertime Fun

The Cost of Summertime Fun

As I’m spending time with my family at a lake cottage, I began thinking about the annual cost of all the boats, skidoos and other water crafts flying by the dock. Whether it’s a camper trailer, RV, skidoo or power boat the cost of these vehicles will be incurring all year around. Going to a…

In retirement savers don’t know how to spend.

In retirement savers don’t know how to spend.

Within my financial planning firm, I have a platinum group of clients who saved their entire working life for the future.  Their drive to save and be financial secure superseded any and all impulse buys, and drift from their budgets . As they enter their first several years of retirement their greatest challenge facing them is…

Is there a disconnect between spending and money?

Is there a disconnect between spending and money?

It’s easier than ever to spend money without even knowing it. Once upon a time, there were only three ways to spend money: Cash, Check or Charge. Now there is an app for everything and your money can flow direct from your bank account to PayPal, Uber, Park & Pay, the App store, iTunes, Fresh…

Until Debt Due Us Part.

Until Debt Due Us Part.

When working with couples,  one issue that always comes up  is secret debt.   Whether it’s credit card, student loans, IRS liens or monies owed to family and friends, it is surprising how often one spouse springs debt on the other partner after the wedding.  Unfortunately, for the unknowing spouse it’s a complete body blow. Getting…

Millennials’ Student Debt is negatively impacting the Baby Boomers.

Millennials’ Student Debt is negatively impacting the Baby Boomers.

Student debt has multi-generational impact on financial wellness: by Sheryl Smolkin at Retirement Benefit Adviser. Today the new conundrum facing many parents is: Do they save for their children’s college education now or wait and help them with their student loan debt later? Saving now, for college education may mean holding off on a vacation or buying a new car….

How is a Certified Financial Planner™ different from other advisor?

If your financial life seems to be spinning out of control, you’re not alone. Over the last 25 years or so, the responsibility to save for retirement has shifted from employer to the individual. Today more than ever, CERTIFIED FINANCIAL PLANNER™ professionals are an essential resource. From budgeting, to planning for retirement, to saving for…