budget | Certified Financial Planner in Ramona and San Diego | Fiduciary Advice | Retirement Planning and Investment Management

Parents Day is Tomorrow: How to Financially Care For You, Your Kids & Your Parents

July 24, 2021/in Budgeting, Children, Financial Planning, Savings Tips /by admin

Since 1994, the fourth Sunday in July has been celebrated as National Parents Day. This holiday was established with the purpose of “recognizing, uplifting, and supporting the role of parents in bringing up their children.”¹ As a parent, you have one of the most important jobs in the world – raising and encouraging the next generation. Some parents, however, may find that they’re sandwiched between raising their kids and caring for older loved ones. Aptly named the “sandwich generation,” those in their 40s and 50s may be feeling the pressure of being stuck in the middle. In fact, a recent study suggests almost half (47 percent) of adults are a part of the sandwich generation.²

If you’re a loving parent and adult child caring for parents of your own, how do you strike a balance between your financial wellbeing, your child’s needs and your parents?

5 Ways to Find Your Financial Independence This Year

July 3, 2021/in Budgeting, Financial Planning, Investments /by admin

The Fourth of July is an exciting holiday that marks the independence of our nation with the signing of the Declaration of Independence. As you celebrate with hot dogs, fireworks and pool parties this year, consider this: 2021 could be your year to start finding financial freedom of your own.

Achieving financial independence is a goal that almost everyone has. It brings you the personal freedom to do what you want. For most Americans, however, debt is a significant roadblock. In fact, the average adult has around $90,460 in debt.¹ This includes all types of consumer debt such as credit cards, personal loans, student loans, mortgages and auto loans.

The good news is, there are strategies to pay down debt and work toward financial independence. How can you do this? Here are five actionable ways to start working towards more financial freedom this year.

How to Start a Business on a Budget

June 17, 2021/in Business /by admin

If you’ve had financial issues in the past, you might be wary about going ahead with a new business plan. Starting a new business can be difficult, but it has its own challenges for anyone who is short on funds. In order to be a successful business owner, you’ll need to have a good plan, find financing, and pay your employees regularly. Here are a few tips for starting a business while you’re on a budget.

5 Techniques to Overcome Financial Stress

May 24, 2021/in Behavioral Finance, Budgeting, Financial Planning /by admin

Money is the second leading cause of stress amongst adults.¹If you find yourself worried about your financial wellbeing, you’re not alone – and there are things you can do to make it better. Financial stress can stop even the most productive people in their tracks, causing sleepless nights, avoidance of debt and denial. While it’s best to talk to your financial professional about what’s on your mind, here are a few tips to start managing your stress on your own.

Received an Inheritance? Will It Affect Your Student’s Financial Aid?

March 30, 2021/in Children, College Planning, Financial Planning /by admin

Each year, around 86 percent of college students obtain some form of financial aid.¹ In order to receive financial aid from the government, all students must fill out the Free Application for Federal Student Aid, otherwise known as the FAFSA. The FAFSA determines the financial need of a student based on factors such as family income and the prior tax year’s income.

With these factors in mind, it’s important to note that large windfalls like an inheritance could affect the amount of financial aid a student receives. If you’re worried about how an inheritance could affect your college-age child or grandchild, here’s what you need to know.

You Skip Starbucks & Pack Your Lunches, But Is Frugality the Key to Reaching Retirement?

February 8, 2021/in Behavioral Finance, Budgeting /by admin

For many, preparing for retirement means spending strictly and limiting unnecessary expenses during their working years. Saving money is important, and people at every income level vary in their ability to be frugal.

You may have heard that simply avoiding small expenses – such as eliminating your daily trips to the coffee shop – can lead to big savings over time. But are skipping on small expenses really the key to reaching your retirement goals?

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