The Right Way to Set Up (and Use) YNAB for Budgeting
You Need a Budget (YNAB) is a powerful tool that can help you manage your cash flow, save with intention, and spend with confidence. I'm going to walk you through the "right" way to set it up and use it. Or at least, MY way.
How to Freeze Your Credit (And Why You Might Want To)
One tool in your fight against identity theft is a credit freeze. But what exactly is a credit freeze, and why should you consider implementing one?
The Psychology Behind Overspending – Understanding the Internal Motivations that Lead to Financial Impulse
Overspending is a common financial challenge that affects millions of people, regardless of income level or financial knowledge.
The Cash Balance Plan – A Powerful Tax Savings Tool for Solo Business Owners
As a solo business owner, you're probably looking for ways to maximize your tax savings and secure your financial future. One powerful tool that can help you achieve both goals is the cash balance plan.
Solo 401(k) Contributions – EmployEE vs EmployER
What makes the Solo 401(k) particularly attractive is its unique dual contribution structure. Unlike traditional employer-sponsored 401(k) plans, a Solo 401(k) allows you to contribute to your retirement savings in two capacities: as an employee and as an employer.
What is a Good Debt to Income Ratio?
Debt-to-income is a key financial metric. It reflects your financial health and helps you build a stable and prosperous future.
Maximizing College Savings – A Guide to "Superfunding" a 529 Plan
When planning for your child's future education, one powerful tool at your disposal is the 529 plan. You may already be familiar with the basics of this tax-advantaged savings vehicle, but have you heard about "superfunding" a 529 plan?
Will I Have to Pay Taxes When I Sell My House?
By understanding the tax implications and implementing these strategies early, you can significantly improve your financial outcome when selling your house.
What Does a Solid Financial Plan Look Like?
As you might expect, there is no one correct answer. Most importantly, it guides you toward your goals and provides a solid financial foundation for your life. So what does the typical financial plan contain, and what should it cover?