Save Money On Travel

7 Ways To Save Money On Your Next Vacation

Get Out And Enjoy The Last Few Drops Of Summer! In the Boston, Massachusetts area summers are short and winters too long. There is still time left for a little summer self-care. Unplug your phone, recharge your mind and take in a change of scenery.  A break from your routine can help you return renewed, refreshed…

young couple with debt problem

How Would You Handle This Debt Problem?

Do you know anyone with a debt problem?  A colleague presented the following case regarding a young couple with a debt problem to me and asked for my input.  Since debt problems come up frequently, especially with younger clients, I thought sharing their story might help someone else in a similar situation.

The Debt Problem

“I have a couple, married a year ago with a baby. She has a school loan of $80,000 and he brought in $40,000 in credit card debt. All savings of $20,000 has been depleted by baby in hospital. They both have jobs, paying a total of $75,000 and trying to get second jobs. Suggestions? I’ve never run into this sort of debt problem before in clients. Thanks!”

The family dynamics in this case are pretty intense.  Having a baby has its own level of stress, both emotionally and financially.  When you compound it with a budget already strained by debt, I can only imagine what else is going on.  I am going to walk you through my process and as I do, please think about how you would advise this couple.  If this was your son or daughter (and your grandchild) how would you want them guided?  Unfortunately, having a debt problem is common.  Before I can dive into “advice mode”, I need to do a little digging.

avoid the death tax

Want To Avoid The Death Tax? Here’s 5 Tips To Help You Avoid Probate

Five Simple Tips To Avoid The Death Tax “Is your estate plan up to date and complete?”  Although I am not an attorney, this is one of the first questions I ask clients when we begin our relationship, and during a financial planning review.  If your answer is “no” and you want to avoid the…

in memory of sgt. chesna

7 Simple Steps To Financial Clarity – Stop Procrastinating And Get ‘R Done Now!

Last Week’s Tragedy – In Memory of Sgt. Michael Chesna and Vera Adams A Warning About Charity Scams My thoughts and prayers are with the victims of last week’s shooting in Weymouth and their loved ones.  Sergeant Michael Chesna and Vera Adams, an innocent bystander were fatally shot early Sunday morning.  Sgt. Chesna left behind…

how to become financially empowered

4 Ways To Become Financially Empowered

Want to learn 4 ways to become financially empowered?  One of life’s great mysteries is the fact that few of us are taught what we need to know about money and personal finance in order to feel secure. Our parents weren’t taught so they couldn’t teach us. We’re not taught and therefore, cannot educate our children. And, our children will probably repeat this cycle unless we do something differently.