by Silvana Jimenez | Jul 11, 2016 | Blog
Weddings are expensive. The average wedding now costs over $25,000, and it can be argued that weddings are for the guests. The bride and groom hardly have time to enjoy themselves. There are numerous ways to minimize the expense of a wedding without detracting from the enjoyment. The keys are to think outside the box and...
by Silvana Jimenez | Jun 27, 2016 | Blog
When you’re newly married, you’ll probably face some new challenges and might not feel that you’re ready for these new responsibilities. A lot of young couples don’t anticipate how different managing their finances can be once they get married. It’s important to understand how merging your finances will impact the way you spend and manage money. There are common mistakes most couples make, and you can avoid some difficulties by being aware of these errors. These are the five most common money mistakes young couples...
by Silvana Jimenez | Jun 27, 2016 | Blog
Understand purchasing power. Purchasing power refers to your ability to buy items such as necessities and luxuries. One of the main issues with inflation is that your purchasing power goes down as inflation goes up. For example, your $1 could buy an item yesterday, but today you’ll need $5 to buy the same item. Unfortunately, interest rates and incomes can’t always keep up with...
by Silvana Jimenez | Jun 20, 2016 | Blog
They lack financial responsibility. Helicopter parents often have children who are financially irresponsible. They struggle with responsibility and turn to their parents to save them. Do you rescue your children from every financial mistake they make? Parents who act as financial saviors are actually hurting their children’s ability to learn from their mistakes and make more beneficial decisions in the future. Children can become too dependent on their parents and refuse to grow...
by Silvana Jimenez | Jun 20, 2016 | Blog
Expecting your first child is a very exciting event and the financial aspect of raising a child is probably not the only thing you have on your mind. However, having a child means you’ll soon have some new responsibilities, including preparing for your new arrival from a financial point of...
