Parents are all too familiar with the rising cost of education. College costs have been surging for decades and the trend has filtered down to the private high school ranks. We have been tracking the costs of Kansas City area private high schools for several years. The average cost to send one child to a private high school in the Kansas City area is increasing on average 4.5% from 2015.
In our 30’s and 40’s we typically have a lot of financial commitments. Mortgage, maybe student loans, trying to save for your child’s college, save for your retirement and the list goes on and on. We all know we should be contributing more to our retirement accounts but all of the expenses above plus a dozen other items are preventing us from contributing more.
We live in a world filled with numbers. It can be tough to figure out the ones that are important and the ones we can forget! Here are TEN numbers you should know about your personal finances.
As you enter your 30s you start running out of excuses on why your financial house is not in order. As you get older time is at a premium to spend on mapping out your goals and achieving them. I often hear people say they don’t know where to start!
With most stock indices in a bear market it is helpful to remember some simple things to prevent you from making a huge financial mistake. Bear markets may be named after an animal but you need to keep your animal instincts at bay. Keep in mind these do's and don’ts of a bear market.
All of us have big audacious long term financial goals that we would like to achieve. With these big goals set, short term goal should be a cinch to get checked off our list, right? Not so fast! We can get distracted easily when trying to reach our short term goals. Here is our guide to achieving your short term financial goals.
When you get a big raise or a significant promotion you naturally want to celebrate. This may include treating you and your spouse to dinner out or a vacation you have been talking about for years. It might also mean you are going to increase your spending to coincide with your new income growth. Lifestyle creep is something that impacts people in different stages of life.
When I wear my financial planner hat, I give advice to clients, friends and via the Castlebar blog on a regular basis. I wish I had followed all my advice that I'm giving now to my clients throughout my entire life. I've made a lot of mistakes along the way and some were real gems.