Without a doubt, the number one budget challenge I hear from clients is their food spending. Everyone knows to eat at home, but how can you do that? Don’t worry, Your Financial Mom is here to help! This article will give you a foolproof process to fix home cooked dinners and save money in five easy steps! My Eat at … Read More
Build Your Financial Planning Tower
Building a Financial Planning Tower may seem like a lot of work. Any time you are building something, you want it to be strong so it will last. The top layers need to stand on a sturdy foundation so it won’t topple or break. This is equally true for financial planning. Let’s explore how to build a financial planning tower … Read More
Organize Your Budget with Kon-Mari
As a financial planner, I like having an organized budget. So, when I saw the show Tidying Up with Marie Kondo, it became my new guilty pleasure. I started wondering how her tidying concepts could apply to our finances. Marie Kondo is a superstar in the world of organizing who has completely revolutionized the art of decluttering with her trademarked … Read More
How to Get Organized in 2021
2020 was a hot mess. Given that, you may be thinking about getting better organized in the new year. Your money is no different. Organizing your finances now will set you on the right track for the rest of the year. How do you decide when and where to spend your money? Do you use a rational, well thought-out process? … Read More
How to Choose a Bank Account for New College Students
. It’s back to school time! Which means it’s also time for college students to get serious about how they manage their money. If you’re like most parents, you recognize the importance of starting your grad off on the right foot with a basic checking account that allows them to store and allocate their funds for different expenses as they … Read More
How to Choose a Bank Account for New College Students
. It’s back to school time! Which means it’s also time for college students to get serious about how they manage their money. If you’re like most parents, you recognize the importance of starting your grad off on the right foot with a basic checking account that allows them to store and allocate their funds for different expenses as they … Read More
How to Get the Most out of Your 401(k) or 403(b) Plan
Your 401(k) or 403(b) accounts are a smart place to store your retirement money — there’s no disputing that. However, simply directing a percentage of your paycheck into it every month and expecting the culmination of funds to support you through your golden years is not enough. You need to understand how your investments, the plan’s fees, and any employer … Read More
You May Have a Will, But Do You Have a Digital Executor
Having a digital executor to manager all your online accounts when you pass can make life simpler for your family. Let’s find out how. Mary, a mother of four and grandmother of nine, passed away. She thought she had all her estate planning in order. She had created her health care and power of attorney documentation, so her family was … Read More
COVID and the CARES Act – What Working Families Need to Know
Every day my morning starts with a news update followed by targeted financial headlines and then financial planning updates. Information is moving so fast, it’s hard to keep up. Most recently, the government has passed multiple legislative acts to help American workers and small businesses during this unprecedented time. With that in mind, here is an overview of the relief … Read More
3 Smart Ideas for Your Tax Refund
In 2019, the average tax return was a little over $3,000 — which, no matter your income level — is nothing to sneeze at. I mean, an extra $3,000 added to your budget could cover a lot of shoes, that Peloton bike you’ve been eyeing, or even a weekend getaway that your family so desperately needs. But before you go … Read More