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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. Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals. Here’s what financial planning is all about and what you need to know to get started. What is a financial plan?

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Financial Tasks for First Quarter

Prairie Eco-Thrifter

Our personal finances obviously require attention all year long. For example, once a quarter, I review our asset allocation actuals against our target allocations and come up with a plan to discuss and implement based on the analysis. Clean out and organize paper files for personal finances. Set financial goals for the year.

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

Savings Corner

You’ll turn in any required financial documentation. Types of mortgage refinance There are many types of refinancing , so consider each within the context of your unique financial situation. For example, if you still owe $250,000 on your home, and it’s worth $325,000, your home equity is $75,000.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Get started: Define your personal and financial goals. Would renting for another year or two improve your financial standing? Check your credit score Your credit score will help you determine your financing options; lenders use it (among other factors) to set the terms and rates of your loan.

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How to Make Good Financial Decisions

Prairie Eco-Thrifter

As an extreme example, a book I just finished reading – Family Fortunes by Will and Bill Bonner – suggests that folks who want to hold onto their fortunes for 100 years should only make a major financial decision once every 5 years! Sleeping on your choice. Few things in life really require an instant decision. Doing a short sale?

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