Tag: Finance
-
Teaching kids about money
Let’s talk about teaching your kids about money today. We know you want the best for your kids. If you’re here, you’re probably like us and that “more” isn’t defined as more stuff or more wealth necessarily. More likely, you want them to have the knowledge and tools to pursue a life of purpose, impact, service and happiness. You might look at your own financial history and know you don’t want that for your kiddos. That might mean the sheer lack of knowledge you had when you started out or avoiding the bigger financial mistakes you made. We’re with you and we are here to help.
-
How you can EASILY calculate your own retirement numbers
Today we’re going to talk retirement. Whether you’re young or mature (😉) you want to pay attention. You might be doing a lot of work to get your finances in order and budget correctly, but if you don’t understand the end goal, you can lose motivation. Today we want to tell you about a simple concept called the 4% rule that can help you know when exactly how you can plan to retire. It may be sooner than you think and it hopefully is much simpler than you think. So, let’s dive in.
-
What is a sinking fund and do you need one? Or five?
A sinking fund is a savings account with a purpose. You probably have a savings account for emergencies. You might even have savings accounts for your kiddo’s college or your retirement (also called investments). The sinking fund is completely different! Sinking funds are for your large budget items that come around once or twice a year. For example, property taxes, Christmas and vacation are examples of sinking funds.
IDEAL BALANCE 