How much life insurance do I need?

How much life insurance do I need?

Here’s a question a lot of people ask and then the next question is what kind of life insurance do I need. Let’s start by outlining the two main types of life insurance by categorizing them as Term Life and Permanent Life Insurance. There are many variations of both...
How to Invest with Higher Interest Rates

How to Invest with Higher Interest Rates

Over the last 12 to 18 months, inflation has been bearing down on consumers and businesses.  The Fed began aggressively hiking interest rates to try to slow inflation, and the jury is still out on where we are in the process of getting inflation under control.  Higher...
How to Reduce Your Taxes

How to Reduce Your Taxes

When it comes to taxes, everyone wants to find ways to help reduce how much they have to pay to Uncle Sam every year.  With all the social media outlets like Tiktok and  Youtube, proclaimed financial gurus are posting videos telling everyone how they can save or not...
Using Credit Cards in Your Budget Planning

Using Credit Cards in Your Budget Planning

Most people seem to give credit cards a very bad wrap. It’s most likely because people tend to misuse them which is why they have such a bad reputation.  If you understand how they work, how to use them, and are disciplined when using them, then they can be an...
Budgeting Strategies

Budgeting Strategies

Once you have identified your average monthly income and categorized your expenses into discretionary or non-discretionary expenses, it’s time to start coming up with guidelines or strategies for your budget. We’re going to look at several different strategies that...
Budgeting Basics

Budgeting Basics

Before you begin planning your budget, it’s important to understand the different categories that need to be included in your budget.  There are two main categories, which are Income and Expenses.  There will likely be only 1 or 2 sources of income for most people,...