07Jan 2019 by Women's Money

Starting Off the Year Right: 4 Tips to Prepare for Home Ownership

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2019: New Year, new you? How about this instead? 2019: New Year, new home! That has a nice ring to it! Many people dream of owning a home one day, and that dream can become a reality for anyone by taking the rights steps. There are many pieces to the puzzle of home buying, and these 4 pieces are ones that are often misunderstood, but that anyone wanting to own a home should know! Credit Lenders will be evaluating your credit history to determine your ability to repay your home loan. Do they only look at your credit score? No. There are several items that are reviewed in addition to your credit score. The number of open credit accounts you have, the length of time credit accounts have been opened,…
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07Jan 2019 by Women's Money

Baby Boomer Women Wish They Had Saved More Money for Retirement

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If you’re a baby boomer woman and you feel like you’re behind in your retirement savings, you are not alone. According to The Allianz Women, Money and Power Study (2007), 62% of women wish they had done more to prepare for their retirement. More than half (55%) wish they had saved more money and had started saving sooner.Women will most likely outlive their male counterpart, which means that the likelihood of women being on their own at some point in their lives is quite high. Longevity is the biggest financial risk women face in retirement.Because of the longevity factor alone, we women need to take charge of our finances and save like crazy. We need to get rid of debt as quickly as possible, build emergency savings and brush up…
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04Jan 2019 by Women's Money

6 Steps to Healthy Spending. And Forget About a Budget

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This post was originally published on Behavioral Cents.This is THE YEAR you want to get on top of your cash. GREAT! The worst thing you can do is start with a budget. What? Really? Why? (and secretly, you’re probably thinking Yay!!). Money is not logical. Money is fraught with emotion.  And if you force yourself to do something you “should” be doing, you will find some zillion reasons not to do it. Then you’ll feel bad because you “should” be doing it but aren’t, and you’ll start judging yourself, and then feel like a failure.  You’ll quit.To successfully change your money behaviors, you want them to stick. And that means managing your money emotion as well as your money flows. A budget typically defines a forced march, allowing you to spend…
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03Jan 2019 by Women's Money

6 Steps to Getting Your Finances in Order

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“A goal is a dream with a deadline,” stated author Napoleon Hill.  The new year provides motivation for setting goals.  New Year’s is a time to evaluate where you are on many levels.  Resolutions are a firm decision to do or not do something. Many New Year’s resolutions involve money and personal finances. When setting financial goals, people generally want to save more, spend less, or get more finances in order.  Whatever your goals may be the process for successfully achieving them has been well researched and can be used by anyone.  The six steps below will assist you in reaching your goals.  Please note that if you are married, financial goals work much better when both partners are on the same page. 1. Determine what you want to accomplish.…
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02Jan 2019 by Women's Money

Take Care of Your Loved Ones by Updating Your Beneficiary Forms

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The saddest phone call an advisor will ever receive is that a client passed away. This happened to me recently. One of my dear clients, a former school teacher, passed away a month ago at the tender young age of fifty-nine.Her children will inherit her retirement accounts. But if something unforeseen happened to you, who would get yours? Would your assets go to those you choose? If you’re not certain who your retirement account would go to, it would be a good thing to double check. Updating your beneficiary forms is one of those ‘important but not urgent’ personal finance To Do’s. Which means it can get put off until it’s too late. When was the last time you spoke to your advisor about updating your beneficiary forms?Life happens and…
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02Jan 2019 by Women's Money

Four “Be’s” to be Financially Sound

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After drowning in, then repaying, $77,000 in debt, I guess you could say I’ve learned a thing or two about personal finance.I learned a lot of the ‘textbook info’, like the very real and brutal impact of cash advances.I studied, then mastered the art of budgeting.I learned the horrible consequences of credit card debt.And, I learned how to reduce my expenses and earn more money.But, perhaps more surprising to me was learning, as Angela Duckworth identifies, just how gritty I could be. The most simplistic definition of grit (in my own words) involves the number of times you’ll fall on your face, get up, and try something again.  And, let me tell you... I fell on my face.After falling deeply into this massive financial rock bottom, riddled with an incredible…
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02Jan 2019 by Women's Money

Improving Your Money and Your Partner Relationship

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Money is often cited as one of the biggest problems in both romantic relationships and families too. According to a survey conducted by Wells Fargo, 44% of people ranked personal finances as the most difficult topic to talk about. The challenge is that when we don’t talk about money, we’re not able to resolve our differences and anyone who’s ever been in a relationship knows how detrimental that can be. It’s no surprise that mutual trust is eroded when relationships and money are misaligned especially because money and trust work hand-in-hand.A study published in 2013 in the Family Relations journal examined more than 4,500 couples and found that fights about money were a top predictor of divorce regardless of income, net worth, and debt levels. Some of the issues that…
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01Jan 2019 by Women's Money

Three Steps to a Better Relationship with Money

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Women yearn to have a juicy, satisfying relationship with money.We want intimacy, yet often shy away from talking about finances. What surprises me, after facilitating thousands of women over the last decade to transform their financial suffering, is what a complex and often painful relationship everyone has with money. Improving your posture and attitude toward money can amplify your happiness, family, business, community, and, of course, your bank accounts.Ladies, are you thankful for the pleasure that money provides?Start with gratitude for the people and things you already have. Appreciating people and things builds patterns of connection and trust, and it strengthens belief that our friendly universe always provides. This exercise creates new neural pathways of sufficiency, that feeling of appreciation for what already is.Most women want to get more comfortable…
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09Mar 2016 by Women's Money
5 Tips for Business-Like Budgeting for the Home #WMW16 @barbfriedberg

5 Tips for Business-Like Budgeting for the Home #WMW16 @barbfriedberg

#WMW16, Budgeting, Entrepreneurship / Making Money, Money in Your 20s/30s/40s/50s/Retirement, Women's Money Week
Successful businesses have one thing in common: they are good with their money. If you want to maximize your money at home, you should take a business-like approach to budgeting. Here are five things that successful businesses do well, and tips to help you do the same!Read More >>Submitted by Barbara FriedbergBy staff columnist,  Alexandra Deluise
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