Not all expenses are paid monthly. Some come quarterly, semi-annually, or annually. Some don't have any particular schedule to them at all, but are out there somewhere beyond the horizon waiting to bite you on the posterior when you least expect them and/or least have the resources to handle them.
A successful financial plan should include a sub-plan for handling these irregular expenses. NOT having a plan to handle them is bound to lead to having other parts of the financial plan knocked...
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Saving is Not One-Size-Fits-All
Saving is a fundamental part of the Baby Steps. That may sound counterintuitive for a program intending to eliminate debt since any money going to savings is money that's not paying off debt. In reality, it's the savings which permit the gazelle-intense, laser-beam focus on paying off debt. It isn't saving done without a purpose, however; how much is saved and why it's saved varies as the different Baby Steps are achieved.
The very first Baby Step of the get-out-of-debt plan isn't even... -
Writing an Investment Policy Statement – IPS
Many members of the DFF board ask “how to get started” on Baby Step 4. They think that they must have multiple college degrees or be a math whiz in order to understand investing. While it is true that researching and reading about the topic will give you more insight and knowledge, your Personal Investing Philosophy is probably already something you know – you just haven’t written it down yet. So I encourage you to write it up and have your own Personal Investing Statement. (also known as... -
What Steps To Take When A Family Member Dies/Is Dying
1. Try to plan everything in advance if possible. Grief makes dealing with loss hell. When my dad was told that he had 3 months to live, I went to the funeral home and planned everything beforehand.
2. Try to get siblings on the same page. Family fights while planning funerals makes the process worse. The corollary to this is to have open dialogue with the loved one and know what their wishes are. This also ties into #3.
3. Know where any life insurance policies and Social... -
The TRUE COST of buying a new home
You found the home that interests you. You want to see the property and possibly make an offer. Now what?
Do not just pick any realtor. Talk to friends and family who have bought and sold homes. Who do they recommend and why? Remember, realtors, are paid by commission. Does this realtor have your best interests in mind, or does he or she march to the tune of that commission check? Those types of realtors are to be avoided. They will try to make the sale at any and all costs to YOUR...
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