2020 Changed Perspectives on Spending Money
LOOKING BACK ON 2020 IS USEFUL ONLY IF WE USE WHAT WE HAVE AS WE LOOK FORWARD. What mistakes were made and can be avoided? What opportunities did we find, or did we miss? What assumptions about spending, saving, and investing were challenged and proved to be true, or false? Asking and answering these questions can create possibilities and a limitless future of financial opportunities for you. As we explore the methodology for financial planning for the year ahead, we’d like to share findings from a September 2020 study by Northwestern Mutual. The findings reveal that over one-third (38%) of [...]
Talk to Your Children About Money: From Saving to Financial Legacy
WHY DO WE SAVE MONEY? There isn’t a shortage of information surrounding why to save, how to save, and where to save. And after all, we have to plan for the unexpected and the expected—your first home, kids, college, retirement, and job loss. The list goes on. One thing for sure, saving can be a team sport for you and your family if you encourage it to be. So, talk with your children about money. HOW DO YOU ANSWER THESE QUESTIONS? Why do you save money every month? When do you plan to retire; earlier than the age of 66? [...]