article thumbnail

Family Office Manager

Family Balance Sheet

Instead, he shared the story about Susan, a wife, and mother who handled all of the financial tasks in her home, from budgeting to making investment decisions. Over the years, my FOM duties included: Review the day-to-day/month-to-month budget and spending for our household. Update budgeting software on a regular basis.

Office 130
article thumbnail

Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having a Budget I know, you’ve heard it all before but have you taken action on this one yet? A budget provides you with a financial roadmap to get to where you want to be in life. A budget helps you track your finances so you know exactly where you are and whether you’re on track. What have you done to rectify them?

Money 235
article thumbnail

What Is Financial Planning? | Bankrate

Savings Corner

Financial planning is any type of strategizing around the financial aspects of your financial life. These areas range from the basics such as budgeting to more complex areas such as saving and investing for retirement as well as estate planning for the distribution of your assets. What is a financial plan?

Goals 52
article thumbnail

Get your FREE Family Balance Sheet Excel Spreadsheet

Family Balance Sheet

The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. We are working towards some pretty big financial goals and we’ve hit quite a few already. Included in your spreadsheet is a separate tab with my Gift Budget Spreadsheet.

Family 100
article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

At that time, I couldn’t cash flow the office budget, home budget, our loans, and retirement savings. Over the years, we took advantage of low interest rates and refinanced and transferred the loan several times. What are your financial goals for 2017 and beyond? Our extra funds went towards our cash flow.

Debt 100