Financial Moves To Make After Your Wedding

financial moves to make after your wedding

 So much goes into planning a wedding that once it finally happens you breathe a big sigh of relief and look forward to getting on with a “normal” life. At least that’s how I felt. My wedding finally came and went a little over a week ago. Everything went smoothly and a great time was had by all. You don’t realize how stressful the planning process is (even to a laid back guy like me) until it’s over and you can finally stop thinking about it! Unfortunately, the wedding only signals the beginning of important decisions and changes that will need to be made rather quickly. Seeing as I’m going through it all now, I thought it might be helpful to others to have a guide to the financial moves that need to be made after you both have said “I do”. The Post-Wedding Financial To-Do List While heading off … Continue reading

The TV Ad That Illustrates Why You Suck At Investing

upward graph

I was watching TV the other night, when a commercial came on that had me shaking my head in disbelief. Watch the ad below and see if you can see why I find it so incredible that this is currently airing all over TV… No, it’s not that these nice “near-retirement” couples are using John Hancock to manage their money. I’m sure they’re as good as any other financial advisor. What really got to me is the sentiment of the commercial. That these couples are just now coming out of their shells and thinking about getting back in the markets? And John Hancock is claiming “You’re not alone”?! I hate to break it to everyone involved, but you seem to be a little slow on the uptake! If you got out of stocks during the great recession and are just getting back into the market now, you’ve missed out on … Continue reading

The Importance of Taking Care of Yourself

spa

I am a workaholic. I freely admit it. I have always felt good about working hard and being able to pay my own way. When I was about thirteen years old, I began a part time nanny gig for my mom’s friend. I remember being paid $5 an hour, which seemed like a fortune at the time. Taking care of her crazy kids was hard but nothing beat the feeling of being able to go to the store and buy my own things. I don’t think I ever made more than $30 at a time babysitting her kids but it was a start for me. I loved the feeling of earning money and I was going to continue to try and earn. That brings me to my next point. A lot of people who like to work also have a tendency to not treat themselves right. Don’t know what I … Continue reading

Reflecting On Some Of Life’s Most Valuable Lessons

the-thinker

My birthday is this week. As a child your birthday is always one of the most exciting days of the year, but as we get older birthdays become a time of introspection. Hitting 30 made me realize how fast it all goes, and now as I turn 32, I figured I’ll share with you some of the most important lessons I’ve learned over my years… 1. You’re Not Special – I know, it may sound harsh, but it’s true. Yes we all have our own special skills and talents, but no one out there is going to treat you like the special little snowflake you were told you were as a child. Don’t expect people to bend to your schedule or find your problems as important as you do. 2. Fear Is A Choice - Don’t spend your life missing out on opportunities because you’re consumed by “what if’s”. The regret … Continue reading

It’s Time To Give Your Finances A Spring Cleaning!

springtime

It’s finally starting to feel like spring here in the northeast. My fiancé spent the entire weekend giving our house a good spring cleaning, so this week I’m going to spring clean our finances. It’s a good idea to review your finances a few times a year, and if the change in season is what reminds you to do it, then it’s as good a time as any! With all the changes that will be happening in our lives this year we have a bit more to take care of than normal. Here’s what I’m tackling in our financial spring cleaning for this year: Filing Our Taxes – Yeah, yeah…shouldn’t a guy who writes a finance blog have his taxes done already? Normally, yes, but I’ve been unusually busy this year and just haven’t had time to sit down and do them! While we all know we have to file … Continue reading

Stop Your 401(k) From Robbing You Blind

high 401k fees

You know how much you pay for your mortgage payment, your cell phone bill, and your car payment. But do you know how much you’re paying for your 401k plan? You probably don’t, and that could be costing you tens of thousands of dollars. Because we don’t actually have to write a check to pay for the fees associated with our 401k we never think about what it’s costing us. A few dollars here and there doesn’t seem like much, but over time, and as your nest egg grows, these fees start to add up fast. In some cases they actually take years off of your retirement! I know people (myself included) who have changed banks over a monthly fee being charged to their checking accounts. I know people who will drive an extra 2 miles just to save $0.03 on a gallon of gas. I know people who will spend … Continue reading