Why Do People Spend More When They Earn More?

When the question is asked, “why don’t you save more money?” The common response may be “well I don’t make enough money” or “when I make more money, then I will be able to save.” But most times, when people begin to make more money, then their spending increases as well. The truth is, people…

Get In The Habit of Checking Your Balances

When was the last time you checked your financial account balances (retirement, savings, investments, etc)? Has it been a year? Was it last month? Or was it today? Did you take notice of whether or not your money was working for you? Are you aware of all the fees that are being withdrawn by your…

What’s Phishing Got To Do With Your Money?

As a CPA, one of the conditions for maintaining my license is to earn Continuing Professional Education (CPE) credits. This past week, I was watching a CPE webcast by one of the Big Four Accounting firms, and one of the segments focused on phishing. For those who do not know what phishing is, it is…

Are You Contented? Really!

This is a question to ask yourself. Are you truly contented or not? The response to this question could vary as you think about your overall life, family, friends, job, etc. However, I wanted you to think of this question in the financial sense. Being financially contented means that you are happy and satisfied with…

Predatory Lenders: Don’t Fall In Their Traps

When people experience tough financial situations and have no savings to get them by, or friends and family to assist, then there are lenders who are available and are more than happy to give you a loan. The truth is, many of them prey on those who are vulnerable and offer to “help” with many…

Top Questions to Ask Your Parents About Their Finances

I was listening to a podcast lately, and the discussion was centered around talking with parents about their finances. This was not something I had previously given much thought to, but wanted to share this topic, so that you too can begin to take action if necessary. Speaking to your parents about their personal finances…