Posts Tagged: saving

U.S. Savings Rate: Better than we thought (but not good enough)

saving
Quick: What is America’s national savings rate?  If you guessed less than 5%, you’d be close, but the scarier figure reported by the U.S. government’s Bureau of Economic Analysis (BEA) this year was just over 2%. This precipitous decline in savings by Americans has been the source of a lot of...
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Emergency Fund: Plan for the Unexpected

stack of 100 dollars
Do you love surprises? What about surprise expenses? I’m with you, no one likes unforeseen expenses but truth is, life is unexpected. To reduce the stress associated with unforeseen expenses, we usually advise our clients to build what we call an emergency fund. What is an emergency fund? It...
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Advice for recent graduates: Start saving as a new “adult”

graduation
Since I started working in the financial planning industry in 2013, I heard many people say “I wish I had started saving earlier”. It may be too late for those people to start over, but we can prevent new “adults” from making mistakes by educating them and providing guidance. As a young a...
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What’s Your Money Script?

money over heart
Our childhood experiences and the way our parents related to us have imprinted certain thought patterns and behaviors that we carry into our interpersonal relationships. Many therapists call these imprints “love styles.” Similarly, both conscious and unconscious belief systems about money that w...
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