It’s silly to quote long-term spending figures as a lump sum. When you take a significant annual household expense and turn it into a 30-year cumulative lump sum dollar amount, of course it’s going to be a large number. The same could be said of food, transportation, housing, etc.
Have you read our post about the Importance of Car-Buying Decisions? If you haven’t, you should.
The average new car purchase price in America today is more than $36,000. That is an astonishing number, considering the financial situation of the average American today.
This business is one of ever-changing rules, trends, and technology. Our entire team is committed to maintaining excellence in the technical aspects of wealth management and client service. In order to do so, we create a budget of both time and money each year for every team member to improve their abilities through educational opportunities.
On April 21st we had a fun client event in Roseville where we celebrated the END OF TAX SEASON by hosting an onsite document shredding service for all of our clients.
It was great to see all of those who attended, and it was amazing how many pounds of paper we were able to shred. In two hours, individuals brought close to 4,500 pounds of shredding!
This was approximately double that of any prior year’s amount.
When you login to view your bank account balance, is it something that causes you stress or do you feel comfortable when you pull up those numbers? Knowing the proper amount of money to have in your savings account can often feel like a difficult question to answer.
How do you determine what the correct amount is for your family?
Before you can figure that number out, it is important to understand what an emergency fund is, and what those dollars are being saved for.
What does “normal” look like in today’s culture?
More specifically, what does normal look like in the area of personal finance and the decisions that surround this area of our lives?
For most people they think of “normal” as a new car every few years, a bigger house every so often, various exotic vacations, and many more “things” or “experiences” to live a fulfilling lifestyle. One thing that has become a foundational component of today’s “normal” culture is the idea of instant gratification…whether the finances are there to back up the gratification or not.