Tracking your expenses is the easiest way to get started on a financial plan. Try keeping track of all your income and all your outgo for a month. Get a small notebook and start writing down all of your expenditures, no matter how large or how small. Write down all of your income, too, including… [Read More]
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Tag: financial planning
The Basics of Financial Advice
A lot of people know very little about personal finance, which is a problem because it’s not very hard and it has a huge effect on their lives. It’s a lot like cooking – you can make it hard if you want to, you can spend a lot of time on it if you want… [Read More]
Guest Post: How Well Are You Managing Your Biggest Asset?
Your biggest asset is your career. This is a guest post written by Holly Gillian Kindel, a senior financial advisor at Mosaic Financial Partners. The company is a financial planning firm that has developed a free financial fitness challenge to help people figure out their financial life. When you think of assets, your first… [Read More]
Absorption is an issue in finance as well as in feminine products.
One of the more interesting issues in financial management is that of absorption: how easily can an individual, organization, or nation handle an influx of cash? I’m involved with an organization called Impact 100 Chicago,. The members contribute $1000 each and then ask local organizations to apply for grants. The grant applications are reviewed, with the… [Read More]
The One-Page Financial Plan is a great book.
Carl Richards’ book The One-Page Financial Plan: A Simple Way to Be Smart About Your Money came out at the end of March. I finally finished reading it, and it is great. Why? Because it is so darn simple! For most people, financial planning is a simple matter that starts with spending less money than… [Read More]