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Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. This money gets sent automatically to the 529 accounts we set up for our girls in 2020. I started searching and test drove a pre-owned Highlander in January 2020. But by the end of 2020, I started looking again for a pre-owned vehicle. ” Yes, I am.

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How We’re Using Upromise to Save for College

Family Balance Sheet

Hello, 2020. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress. But my point of this post is not to discuss the pandemic. 108 Months X $72 = $7,776!

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. January & February 2020 – Life is good!

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Fed’s Preferred Inflation Measure Slows in November

Savings Corner

in its first decline since April 2020. The labor market is still relatively strong and consumers are optimistic about their finances on a strong stock market and lower gas prices. The personal consumption expenditures (PCE) price index dropped 0.1% The index was up 2.6% in the prior month. That is the lowest rate since early 2021.

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Net Worth Defined: What Is My Net Worth?

Savings Corner

Compare your net worth The Federal Reserve releases its Survey of Consumer Finances every three years — the most recent report was issued in September 2020 with data from a survey fielded in 2019. Net worth calculator A smart view of your financial health Get a quick read on how you’re set up to meet expenses and money goals.

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What Is Financial Planning? | Bankrate

Savings Corner

In short, if it involves finances, then there’s a way to plan for it and optimize the outcome. A financial plan can help you direct how you organize your finances, from the small, short-term questions to the big, long-term issues. Good tax planning can create ways to minimize the long-term impact of taxes on your finances, too.

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How to Keep Your New Year’s Resolutions

Couponing 101

These simple tips can help turn 2020 into a year full of New Year’s resolution successes. For instance, instead of setting a goal to become a millionaire, consider setting smaller, more realistic goals to improve your finances in the long run, like reducing unnecessary expenses or investing your money. Set Realistic Goals.

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