Financial Goals That Are Easy To Stick To All Year

June 19, 2023 By Cynthia Measom

Setting goals can be a key step in taking control of your finances. Putting a plan in place can help you stay on track and ultimately save more money. But financial goals can be hard to see through, and people often initially stick to their plan only to let those goals slide as time goes by.

To avoid giving up, here’s a tip: Instead of making your financial goals endless and challenging, take them month by month — and try to have some fun with each one. In a year, you may be surprised at what you’ve achieved financially.

I’m About To Retire: Here’s the Money Advice I Wish Someone Had Given Me

Cynthia Measom   Sat, June 24, 2023

Many people view retirement as the day they’ll be able to kiss their job goodbye and live life at a more relaxed pace. However, if you don’t take steps to ensure that your retirement savings and investments are on track with your goals annually, leaving your job behind might come a lot later than you’d like.

Find out what money advice people on the verge of retirement wish someone had given them when they were younger, and see if it makes sense for your situation.

Ask Before Quitting

Jonathan Clements  HumbleDollar  Jun 17, 2023

AS FOLKS HURTLE toward retirement, they often wonder whether they’ve saved enough, debate when to claim Social Security and fret about how they’d pay for long-term care. Make no mistake: Such issues are hugely important.

But amid these financial musings, we should also spare a thought for four other questions:

How can I transform myself from a diligent saver to a happy spender? This sounds so easy, and yet many struggle with it, including Ken Begley and including me—and including those who amassed vast fortunes, as Marjorie Kondrack recently discussed.

Coming Together - A Less Complicated Financial Life

Mike Zaccardi  |  Jun 19, 2023

I GOT CAUGHT UP IN some weird investment fads during the recent era of 0% interest rates. With cash investments and bonds yielding almost nothing, I instead sought to pad my investment returns by opening new brokerage accounts to snag promotion cash, and by dabbling in digital currencies and newfangled alternative investments.

Result? I ended up with far too many financial accounts—and it became a burden to keep track of everything. Just a year ago, I had investments in obscure real estate deals, individual pieces of art, bottles of wine, stablecoins and other relics of the speculative pandemic-era mania.

How To Save Money and Still Enjoy Life

Did you know that it’s possible to make great financial progress while you spend money on things you enjoy? Yep, you read that right.  You can figure out how to save money and still enjoy life.

It might be surprising to hear this in the financial space, but you worked hard to get to where you are. You already know saving money as a doctor is important. But you also deserve to enjoy some of the spoils and riches of all of the work you put in to go through college, medical school, and residency.

20 Tips To Stay Financially Healthy Without Sacrificing What You Want

Cameron Huddleston   Tue, Jun 20, 2023,

If you're trying to live on a budget, you might not feel like you can have the things you want.

But you don't have to resign yourself to living a bare-bones existence if your budget is tight -- it's possible to live on a budget and get some of the stuff you want.

Create a Budget That Prioritizes Needs

If your income is limited, make sure it covers your needs first. "Food, shelter, clothing and utilities are needs," said Donna Freedman, author of "Your Playbook For Tough Times. "The rest is just a series of wants."

Millennial Money: Should You Financially Support Adult Kids?

Elizabeth Ayoola of NerdWallet  Mon, June 19, 2023

Some parents will tell you firsthand there’s no expiration date on this raising kids gig. For some, that means they extend financial help to their kids into adulthood. When I was 21 and got into a master’s program at a college of my dreams, my mom swooped in to help me pay for my degree. Many parents have been kind enough to do this and more.

When I say “many,” I’m backed up by a 2023 survey from Savings.com that found 45% of parents with a child 18 or older spend an average of over $1,400 per month supporting their kids financially, excluding adult kids with disabilities.

It Takes A Lot Less Money To Feel Wealthy Than To Be It, Survey Finds

Dylan Croll   Mon, Jun 19, 2023

It takes more than $2 million to be wealthy, according to a new survey of everyday Americans. But it takes just a quarter of that figure for them to feel wealthy themselves.  That’s one takeaway from Charles Schwab’s seventh annual modern wealth survey, which polled 1,000 Americans about saving, spending, investing, and wealth.

When asked what amount they considered wealthy, the survey respondents came back with an average of $2.2 million. Yet, among the 48% of Americans who already see themselves as rich, their average net worth was $560,000, survey found.