If you want to get ahead financially, you need to know where you stand. And for that reason, there are several money metrics you should track such as your personal savings rate, how much you spend on fixed costs, how much you save towards retirement, your asset allocation, etc. Today, I want to focus on […]
Whether you know it or not, you have a financial system.
If you didn't sit down and explicitly design it, it may be a little messy. It may have accounts you no longer need, credit cards you stopped using, and other relics you need to clean up.
It may not have some features you'd otherwise want but just haven't gotten around to because life has a funny way of getting in the way.
This category focuses on the big picture systems you put into place to make the rest of your life easier.
You Need a Budget (YNAB) is a zero-based budgeting approach which means every dollar has a job and needs to be budgeted for, including savings. It is a subscription-based website and phone app that gives you the freedom to prioritize your money the way you want. This is a guide about how to create a […]
When you think about your pool of money, it’s important to think of it as a series of funds. The two funds that people are most familiar with are your retirement fund and your emergency fund. Your retirement fund can be spread out across several accounts: a 401(k), a Roth IRA, a pension, or whatever. […]
When I first started working, I remember the HR director ask me for a “voided check.” It sounds silly when I think back on it because the answer is right in the name. But at the time, it confused me so I asked him – it’s just a personal check except I write “VOID” on […]
I’m fairly serious about security when it comes to our computers, devices, and online accounts. I’m not super strict but I never connect to insecure networks and I never log into accounts when I’m on an unfamiliar network. I never understand when people log into their bank accounts from a computer sitting in the “Business […]
The first time I’d ever heard about a certified check was when we bought our first house. We were supposed to bring a certain amount to the closing table and it had to be a certified check. And to get that check, I had to visit my bank. I hated going to the bank. For […]
When I started working, I tracked my spending down to the penny in a spreadsheet that I named the Budget Bible. (it was borrowed from my friend) Over the years, that spreadsheet has morphed into a document that primarily tracks our net worth. It tracks our bank accounts, our investment accounts, as well as our […]
Identity Guard® is one of the leading providers of identity theft protection and credit monitoring. To stay on the cutting edge, the company has partnered with IBM® Watson™, an artificial intelligence system that dramatically expands its protection capabilities. Identity Guard now has the ability to anticipate and help prevent identity theft, rather than just react […]
In another life, I wrote process management software for large organizations in the government. These organizations had processes that “evolved” out of years of personal relationships and massive three-ring binders. (It wasn’t until that job that I learned Excel spreadsheets had limits to the rows and columns in a sheet!) The processes had become extremely […]
The idea of writing a will can conjure images of stuffy offices, pages of dense legalese and costly attorney’s fees. It’s one of those financial tasks that’s easy to put off, especially when you’re young and healthy, so it’s not too surprising that nearly 60 percent of Americans don’t have a will in place. I […]