The Reformed Advisor

Tag: budget

Maybe Being Quarantined is Just What We Needed

Posted on April 7, 2020 in Family, Life, Public Policy by

Our culture has become so obsessed with entertainment in all its forms that we have almost forgotten how to enjoy the simple pleasures of life. Our lack of contentment is not just a contribution to high levels of debt and lack of margin; our lack of contentment is a driving force in our break neck pace of life that we swear we love as we complain about constantly being tired and busy.

The #1 Way to Take Advantage of the New Tax Bill

Posted on January 16, 2018 in Money by

As a financial professional I work with people newly retired, nearing retirement, or hoping to one day retire accumulate assets, preserve assets, and protect assets. It’s a job involving comprehensive financial planning, asset management, and budgeting. All of the parts have to work together to make sure someone doesn’t outlive their money, among other things. But all this planning can be brought to a screeching halt for one reason:

This One Powerful Tool Could Change Your Financial Future

Posted on March 8, 2017 in Money by

What if I told you there is one very simple, yet powerful tool you can begin using today to make a significant impact in your family’s financial future? Would you be interested in learning more?

The reality is that a majority of Americans are in financial trouble. Everything from student loans to credit card debt is keeping Americans from reaching their financial goals. And, for some, it is keeping them from even saving money on a regular basis. A recent survey found that 33% of Americans have no savings at all, making them prey for financial shock.

Here’s 2 Ways to Get on a Solid Financial Path

Posted on December 20, 2016 in Public Policy by

More money will be spent during this time of year than any other. Between Black Friday, Small Business Saturday, Cyber Monday, and every day between Thanksgiving and Christmas, there is a lot of money flying around. And, as people eagerly cross items off their Christmas shopping list, it causes many people to think about their financial position.

It might surprise you to know just how many people don’t have a budget. Or, maybe that won’t be surprising at all. As a financial professional, I regularly ask people about their budget only to have them look at me sheepishly and say they don’t have one. It’s a problem that spans generations. From people in their 20’s to people preparing to retire, there is a lot of people that don’t have a budget.

Apps and Books to Help Plan Your Financial Future

Posted on November 15, 2016 in Family by

So you’ve decided you need to get your financial house in order. You see the need to save for emergencies, future purchases, and retirement. Now that you’re ready to take those important steps, you’re wondering where to start and what to do first. With such an important task before you it’s necessary to make sure you do it right.

I suggest starting with a budget. The foundation of any successful financial strategy is a budget. You can’t know how much to save or where to save if you don’t know how much money is coming in and how much is going out each month. A budget is nothing more than a detailed list of your income and your expenses. You can start by simply making a list on a piece of paper showing how much you bring home each month, and how you pay out for things like cable, cell phone, food, gas, and car insurance. It’s a simplified version of a budget, but it’s a great place to start on your journey to financial freedom.

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