Tips for Investing $50,000
Look at your investment goals and future plans when considering how to invest $50,000. You may choose to place some money in index funds. Q: Hi, if you had $50,000 in a bank savings account I was wondering how would you invest it. A: That’s not a fair question. Your question implies that I would [...]
Saving Money on Kids’ Lunches
When you’re busy, it’s oh so easy to pull out your wallet and give your child cash to buy a hot lunch at school. But the cost of those lunches can add up pretty quickly. So just in time for the back-to-school season, I asked one of my favorite experts on saving money, Stephanie Nelson of CouponMom.com, [...]
The Female Investment Strategy and Why it Works
Recent research shows that women's investment returns are, on average, higher than those of men. Remember when a woman was told that the best investment she could make was finding herself a husband? Times sure have changed. A survey by personal-finance site DailyWorth showed that 76 percent of women act as their household’s primary retirement [...]
Should Your Kids Participate in Club Sports?
Any parent knows that kids are expensive, but sometimes they can be even more of a strain on your budget than usual. Once your athletic kid gets close to middle school, you’ll likely face the “club sports” question: Should you encourage your child to join a more competitive—and more expensive—traveling team? Club teams are usually quite selective [...]
How to Rebuild Your Savings after Unemployment
You’ve been responsible with money your entire life, setting some aside for retirement or to build up a rainy day fund. Then something unexpected comes up—a long stretch of unemployment, an illness with major medical bills, or major unanticipated home repairs—and you suddenly find your savings depleted. I’ve worked with clients who have gone through some of life’s [...]