budget: Warning for Spring Home Buyers! - 11/12/15 01:30 AM
Yes, this is a warning for spring home buyers!  The holiday season is approaching rapidly and everyone tends to be in the festive holiday spending mood.  This practice could easily delay, or completely derail your plans for a new home purchase in the first quarter of 2016.  This is the advice I give to all of my clients so they don't sabotage their goals.
Here are some suggestions that will keep you on track:
MAKE A BUDGET for your holiday spending.  Be sure to break down the amount to be spent on gifts, travel, holiday entertaining, etc. STICK TO THE BUDGET!  Don't get … (5 comments)

budget: Will you be saving or spending this holiday season? - 11/06/13 10:44 AM
Will you be saving or spending this holiday season?  I can hardly believe that we are only weeks away from Thanksgiving, then Christmas and 2014!  While we are all working on business plans for the next year, I encourage you to also make a spending plan for the holidays too.
All too often we get caught up in the moment buying decisions, then January comes around and everyone has a bit of a panic attack when they open their credit card bills.  Don't fall into this trap!
Write down everyone for whom you will be buying a gift.
Set … (9 comments)

budget: Every Household Should Have a Budget - Legal issues - 09/08/13 04:32 AM

Every Household Should Have a Budget and every household should have the legal affairs in order.  I am not an attorney, and I am not gving legal advice. What I have learned is that once we start our careers, it is time to manage all financial aspects of our lives.  This series of blogs have covered everything from preparing a budget, looking at savings, insurance and banking.  It is also important that we have the necessary paperwork in place "in case" something should happen.
So, let me ask a three important questions:
Do you have a will? Do you … (5 comments)

budget: Every Household Should Have a Budget - Auto Insurance Policies - 08/31/13 12:56 AM

Every household should have a budget - auto insurance policies.  If you have a vehicle, you MUST have insurance.  The type of insurance coverage required can best be answered by your insurance agent.  Your insurance premium will depend on how much you drive, what type of vehicle you drive, and where you live.  
In a recent conversation with a referral partner, I asked him for the 3 top mistakes made when selecting auto insurance.  Here are his answers:
Not electing for underinsured/uninsured motorist coverage.  Frequently this is the first coverage that is eliminated when someone is trying to … (11 comments)

budget: Every Household Should Have a Budget - Personal Responsibility - 08/20/13 11:36 AM

Every Household Should Have a Budget  and needs to tak Personal Responsibility.  This series of blogs has addressed each area of personal finance.  Bottom line here is the deal, we all make decisions and choices.  Many times those decisions or choices will have consequences.  Some of the consequences will be more severe than others.  It is YOUR responsiblity to adress the issues that arise.  Don't pretend it will go away.  This rarely happens.  You will find it a much better result if you tackle each one in a timely fashion.

Every Household Should Have a Budget - Getting Started

budget: Every Household Should Have a Budget - Credit Cards - 08/18/13 01:46 AM

The next item in this series Every Household Should Have a Budget will address credit cards.  In our society credit cards have become an necessary evil.  You will need a credit card to make airline reservations, rent a car, or make purchases online.  You will also need credit to develop a credit score!
Each credit card, car loan, mortgage, student loan will be used to calculate your credit score.  If you don't have any credit, it will most likely be difficult for you to obtain a mortgage or car loan.
The calculation of your credit score is based on … (29 comments)

budget: Every Household Should Have a Budget - Checking Account - 08/17/13 12:08 AM

Every Household Should Have a Budget continues with tips on how to handle your checking account.  Here is my first question, do you balance your checking account?  I am disappointed to say that when I ask my clients this question more often than not I get the answer, "no".
Here is the problem with not balancing your checkbook.  You will never catch any errors and the possibility of being overdrawn greatly increases.   I have seen another trend when it comes to spending with NSF (Non-Sufficient Funds) fees charged by the bank.  Some banks are charging as much as … (11 comments)

budget: Every Household Should Have a Budget - Savings - 08/15/13 11:52 AM

Every Household Should Have a Budget.   In the Getting Started blog, you were tasked with tracking all of your expenses for a month. In the Step 2 Blog you were to look at your spending in relation to some general guidelines for how your money should be spent.  Please keep in mind that these are general guidelines.  It should be adjusted to meet the needs of each household.
Now is the time for us to discuss some specific topics about budgeting. I would first like to start with savings.  The general rule of thumb is that your savings should equal … (7 comments)

budget: Every Household Should Have a Budget - Step 2 - 08/14/13 11:38 AM

Every Household Should Have a Budget - Step 2.  In the Getting Started blog, you were tasked with tracking all of your expenses for a month.  Now that you have started pulling the information together you know when, where and how much you are spending.  Was it a surprise?  For most it is.
Now that you have an overview of what you are currently spending on a monthly basis, it is time to make some tough decisions and change some habits.  Here are a few rules that will help get you on track:
Rule #1.....DO NOT SPEND MORE … (44 comments)

budget: A new home in 2013 - 11/06/12 09:22 AM
If a new home in 2013 is one of your goals, I have some advice for you.  The upcoming holidays often derail home buying plans.  Don't make the mistake by over spending during this time of year.  Most importantly stick with your budget.  Don't have a budget, now is the time to put one together.    

I recommend to my clients that they pay cash for their holiday spending including gifts, entertaining and travel.  The last thing you want to do is run up the balances on credit cards and potentially lowering your credit score.
Make sure … (11 comments)

budget: Buying a Georgia home in 2012? Step One - Where are you spending your money? - 12/29/11 02:31 AM
Let's talk about your budget.
Preparing your family budget can be a daunting task if it is something you never attempted before.  So many people will work and pay their bills as best they can from week to week. This is what I call survival mode. In order to break the cycle we need to look at all aspects of your spending.
Let's tackle the big items first.  You will need to pull together all of your monthly bills and organize them.  For at least 30 days, write down every penny you spend.  Every bottle of soda, every piece of … (0 comments)