When your income varies from month to month, how do you budget and save for the future? A CFP® professional explains how to make your financial plans when you’re a member of the gig economy.
Posts by Shannah Compton Game
No matter how old you are, or how many homes you’ve purchased, there’s something about signing your name (over and over again) on the closing contract that makes you feel like you’re taking a really, really, big step. That’s because you are.
Saving for your emergency fund can be tricky if you’re living paycheck to paycheck or you have debt. It can be done though.
Blooom is a robo advisor that specifically focuses on 401(k) portfolio management. A CFP weighs in on its pros and cons.
With the advent of new and fast-developing technology, online banks are becoming a bit of the norm these days. At least for the near future, there will always be the big, brick and mortar banks with names that you’re familiar with and drive by on a daily basis. However, online banks are armed with perks…
Estates aren’t only for the super-rich. Understand how simple estate planning strategies can help make your family’s life more comfortable, and potentially less expensive, if you die.
There are countless budgeting apps out there but three constantly pop up in conversation — You Need a Budget (YNAB), Mint, and Personal Capital. A CFP professional weighs in on how these three differ and which may be the right fit for you.
You may have heard of some of these budgeting and saving apps, but are they worth the memory to download? Find out which is a fit for you.
In a recent article published by The Atlantic, The Secret Shame of the Middle-Class Americans, an alarming statistic emerged from a Federal Reserve Board survey conducted in 2013. Forty-seven percent of those surveyed said they could not come up with $400 to pay for an emergency. In order to do so, they’d need to borrow money or sell items they own.
Why aren’t we saving enough money to cover even the smallest emergencies?
There are a million and one decisions to make once you decide to get married. And, with wedding season upon us, I’m getting a lot of questions from clients on how to financially prepare for a future together.
When you get married, you want to start your shared life together on the right financial foot. (As an aside, that’s not by maxing out your budget or depleting savings on a wedding.) Most people are so involved with wedding planning that they put off having necessary money conversations that always arise after you tie the knot. If I’m honest, even as a financial planner, I still had some money fears after saying “I Do.”
Based on my years working as a financial planner (AKA a marriage financial therapist) and personal experience, there are six major money decisions you must make in order to set you and your spouse up for financial success.