Category: Personal finance

Personal Finance Tasks by the Decade

Personal Finance Tasks by the Decade

Although actual timing will vary from person to person (e.g., I completed a Ph.D. program in my 40s), below are some suggested financial milestones to achieve during each decade of adult life. Milestones achieved...

Focus on the Future to Save More Money

Focus on the Future to Save More Money

According to research by Sarah Newcomb, a behavioral economist at Morningstar and HelloWallet, people who are future-minded and think ahead have more savings than those who do not. In addition, two simple areas of...

Effective Financial Education Strategies

Effective Financial Education Strategies

I’m just coming off a road trip leading two full-day Financial Education Boot Camp workshops attended by over 100 New Jersey teachers. A lot of valuable information was shared about personal finance content and...

Investing For Your Future

Investing For Your Future

Saving is typically done for emergency funds and short-term goals and usually has a known, but generally low, rate of return. Investing is done for long-term goals and capital appreciation (growth) of money over...

“Balloon Test” Your Investment Risk Tolerance

“Balloon Test” Your Investment Risk Tolerance

Want to test your investment risk tolerance level in a fun and creative way? Go to The Balloon Test web site https://www.investmentphilosophy.com/behavioural-finance/your-attitude-to-risk/the-balloon-test. Click “Start.”   Decide when (i.e., for how long?) to keep pumping...

Questions to Ask a Financial Adviser

Questions to Ask a Financial Adviser

Looking for a financial advisor (e.g., financial planner, counselor, or coach)? Here are some questions to ask according to the Association for Financial Counseling and Planning Education (AFCPE):   What experience do you have?...