Finance Globe Blog

U.S. financial and economic topics from several finance writers.

Saving for you (Future) Child

saving-future-family-children
Savings for your current child or future child needs to be a big goal for you and your family. I found this amazing, but a recent government study found that it can take over $235,000 to raise a child from infancy to age 17. In fact that number does not include college, extracurricular activities, or family vacations. Now that you know its going to cost a lot to provide for a child, I wanted to...
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Introduction to Asset Allocation

asset-allocation
As I mentioned in my 2018 stock market in review article, asset allocation is very important in evaluating your investment portfolio. Many people perform their asset allocation themselves or hire a financial expert to assist with it. If you are looking to start performing your asset allocation yourself or learn more about it, I thought I would provide a high-level overview. Please let me know if you have any follow up questions, and I would...
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Frank
I usually re-do my asset allocation twice a year.
Wednesday, 27 February 2019 15:32
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Learning Personal Finance in 2019

financial-organization1
A new year is approaching, and that means new goals are coming. A good goal for 2019 may be to learn more about personal finance so you can be financially successful! Below are a few tips and recommendations to be able to learn more about personal finance in 2019.  Please feel free to post in the comments sections if you have any additional recommendations. Personal Finance Podcasts: Podcasts have become a hugely popular trend, and...
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Frank
Has anyone started this year????
Tuesday, 29 January 2019 16:21
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How to Save During the Holiday Season

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The holiday season has officially started. The holiday season can bring very happy moments in your life and you should celebrate the season with family and friends. However the holiday season brings obvious expenses that can put stress into your life, especially if you haven’t budgeted for them. Below are several ways to save money during the holiday season and you can instead focus on bringing joy into your life. Make a budget: A holiday...
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Frank
Was anyone able to save a little more than expected during the holiday season?
Thursday, 27 December 2018 09:42
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Personal Finance Tips in your 30s

financial-advisor
As I creep into my 30s (I won’t tell you my exact age!), I think it is even more important to stay on top of your personal finances. As you move into your 40s and 50s, you will likely have less flexibility, so it is really important to take some important financial strides in your 30s. Below are personal finance tips for your 30s! Please let me know if anyone else has anything to add!...
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Frank
Do these tips so you don't have to in your 40s!!!
Wednesday, 21 November 2018 14:07
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How to Prepare Yourself Financially When You are Expecting a Baby?

expecting-a-baby-mother
For all of those lucky future parents out there, a baby is going to be a wonderful new adventure for you. Few things are as satisfying as watching your child grow up. One important thing you should consider is prioritizing your personal finances as soon as you know you are adding to your family. Below are some helpful tips people have given me to help ensure your family has a happy future.  Create a budget...
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Frank
Has anyone had recent experience that you would like to share?
Wednesday, 21 November 2018 14:06
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Best Personal Finance Apps

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Nowadays you can do so much on your phone, including your personal finances. There are also a ton of options out there and they are not all equal! Below are my favorite budget and personal finance apps. Mint : This is the gold standard app for your personal finance needs. The app is effectively an all-in-one resource for creating a budget, tracking your spending, and monitoring your overall finance needs. Mint lets you know when...
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Frank
I would like to add the majority of these apps can be extracted into Excel if you prefer to use and analysis in Excel.
Monday, 29 October 2018 11:36
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What are Robo-advisors?

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If you have performed any research on the investment advisor industry recently, you likely have seen a lot of companies offering robo-advisor investment solutions. A lot of people might not fully understand what robo-advisors are and how they work. Below is a summary of robo-advisors. Please feel free to comment in the comment section below if you have any positive or negative experience.  Robo-advisors are a new online software that helps you manage your investments....
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Frank
I met with a few rob-advisors last week over the phone. I am going to put roughly 25% of my portfolio into robo-advisors. I will ... Read More
Monday, 29 October 2018 11:19
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What is a 529 plan

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As I discussed last month, a 529 plan is a great way to save for your children’s future. However, many people may not know what a 529 plan is and what kind of benefits it offers to you and your children. Below is a high level summary of what a 529 plan is. Please feel free to include any questions or experiences with 529 plans in the comments section below. A 529 plan is a...
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Frank
I just opened my own account for my future child. When she is born, I will transfer it over to her name.
Monday, 29 October 2018 11:18
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How do you Know When it’s a Good Time to Purchase a House?

taking-on-mortgage-payments
A home purchase is a huge decision. There is a lot to factor in, and it may end up being the biggest financial purchase you make in your life. Below are a few indications that would let you know you might be ready to buy a home. 20% in Savings : Many people/websites have different opinions on this, but I recommend having at least 20% of your home purchase in savings you can use as...
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