article thumbnail

10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

Have Specific Financial Goals Financial planning is the key to financial success. You need to have very specific financial goals; what do you need to achieve by which date? Things like your savings account, your retirement fund, your house, investments accounts, real estate…these are all assets.

article thumbnail

Do I Need a Financial Advisor? When it’s worth it

Savings Corner

They also help you set your personal financial goals to reach milestones. Your family, age, career, and priorities are all taken into account when crafting your financial goals, and a financial advisor helps you find out how to reach them. Keep in mind that goals change. That’s a wealth manager.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. If we complete them early, we’ll move on to 2 additional goals that are on our radar. Apply any Found Money to our Goals. 2017 Update.

article thumbnail

How to Manage Different Investment Risk Tolerances Between Spouses

Prairie Eco-Thrifter

Set your financial goals. In order to meet some financial goals, you must take some level of risk. However, unless you agree on what your financial goals are as a couple, chances are you won’t get there. He manages the bond investments and I handle the stock, real estate and other investments.

article thumbnail

How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

My Excel spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. Personally, our goal is to OWN more than we OWE and to eventually OWE zero. It is a time to hash out any differences or make some bold plans so that we can achieve a particular goal.

Family 241
article thumbnail

Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Real Estate This isn’t as passive as most people would think; it takes a lot of research and a lot of work in the beginning. You can use stocks and bonds to build wealth for your family and achieve a much more balanced investment strategy that nicely aligns with all your financial goals.

article thumbnail

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

Savings Corner

This year may go down in real estate history as the year of correction. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Get started: Define your personal and financial goals. You don’t want someone who is over-scheduled.