Many couples are deciding to take the final step in their relationship this summer and exchange wedding vows. They should also include the exchange of financial vows to be followed. Talking about money early in the relationship is extremely important.
The summer should be a time that our budget isn’t stressed and there should be few financial concerns. Unfortunately, the summer months have many potential financial mistakes just lurking in the background waiting for you to succumb to their pull. These can be increased spending, poor financial habits or just plain financial carelessness. Try to avoid these common summer budget mistakes.
Summer is the time to relax, enjoy outdoor activities and have great family vacations. It is also a time that fraudsters like to target unsuspecting victims. There are a few summer scams to avoid and awareness is one of the best ways to avoid being a victim.
Even though summer doesn’t officially start for a couple of more weeks, most kids are out of school, the weather is warmer and most of us are in full summer mode. Summer, unfortunately, is a time that many can make blunders that can turn their financial situation upside down.
Developing your estate plan doesn’t have to be complicated and even though there can be several parts of your plan, a basic plan will start with five key elements. It is important to have an estate plan and to regularly review and update your plan as your personal situation changes. Your estate plan is really the only way for you to be certain that your wishes are followed if something unfortunate happens to you.
Often people ask: “What is the path to have financial success?” The answer is simple and yet not easy to achieve. Financial success can only come by using essential money habits every day. These money habits guide your decision making, spending, and savings which ultimately determines your financial success or lack thereof. There is not another practical path to success.