Whether you have substantial resources or live close to your means, a budget can serve as an effective foundation for a savings program. It may be one of the best tools to help you control your personal and household expenses, thereby freeing up income that you can redirect toward savings.
Clearly the UGLY of COVID 19 are all the people who have suffered with this virus and the people that have died. What could possibly be worse than being a seemingly healthy person, talking to the wrong unmasked individual and then contracting the virus?
We are very excited to announce that Rachel Gustafson, CFP® is now a CCPS® (Certified College Planning Specialist). Rachel attained the CCPS® (Certified College Planning Specialist) certification from the National Institute of Certified College Planners. There are fewer than 500 CCPS® in the country.
The time for College applications & the FAFSA has come. This can be a very exciting, albeit stressful time. Where do you apply to? What exactly are the FAFSA & CSS forms you keep hearing about? Where do you even start? I am going to break it down in 3 easy steps.
When you hear the term market sectors or market rotation, what are they talking about? What is a sector and how does that effect my portfolio? The market is divided into three broad categories. 1). Defensive stocks: companies that should do well in good times and bad. They are the essentials of life. 2). Growth companies: ones that are more volatile with great opportunity for gains and losses. 3). Cyclical companies: ones that literally cycle in and out of favor, generally based on the underlying economy. Within each broad category are sectors, companies whose stock is going to trend similarly with good and bad news.
The spread of Covid-19 has raised a lot of anxiety around money. One of the number one questions I am getting asked is “What should I be doing financially right now?” The answer to this question really depends on your current financial situation and why you are asking the question. Are you concerned you may not have the liquidity to sustain extended unemployment or pay cuts? Are you wondering if you should be investing? Are you concerned about market volatility?
