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Credit card debt and depression

Credit Card Debt Causes Depression

A recent study linked short term debt with depression.  This correlation makes sense and plagues many Americans stuck in credit card debt.  One untimely event can cause the economic teeter totter to swing the wrong direction.  The great thing about the study is that this is something that can be fixed. If we reframe investing […]

Do you have a Financial Roadmap?

Not having a financial roadmap is as silly as not getting an annual physical.  Most people spend more time planning a vacation. Having a financial plan is a keystone habit. The information makes one conscious of where they are, what they need to do, and how to get there. The younger you start the easier […]

What’s so good about a budget?

Budgets are like diets… they sound great but very few people follow them. What everyone needs is an automatic savings plan.  Payroll driven savings are the best! 401(k)s and simple IRAs invest money pre-tax. Once enrolled most people adjust their spending habits around their net paycheck. The next best choice is an automatic savings plan […]

What’s the best way to save for my kid’s college?

There are many ways to save for college: 1.       A traditional saving account with a bank 2.       Open a growth mutual fund 3.       Start a 529 plan Each strategy has advantages and disadvantages depending on what outcome you are trying to produce. I personally used option 2 and option 3.  Mutual funds and 529 plans […]