10 Holiday money tips

NOTE TO READER:  DON’T READ THIS BLOG UNLESS
YOU HAVE YOUR SENSE OF HUMOR HANDY!!

Let’s face it, once Halloween and Thanksgiving are over, the Christmas season will get kicked into high gear.  So I thought I would put together a few simple tips for surviving Christmas and not ending up with a year’s worth of debts to ring in 2015.  LOL!

Here’s my list of tips:

Pay cash for the: 

  1. Christmas tree
  2. Decorations/mistletoe
  3. turkey/ham
  4. inside/outside lights
  5. Mom/Dad/Grandma/Grandpa’s gift
  6. Brother/Sister’s gift
  7. Kid’s gift
  8. Favorite furry friends gifts
  9. Niece/Nephew’s gift
  10. New year’s night out on the town.

Final Paula Cashflow tip:  pay cash for the fruitcake!!

Cash is King.  Any questions??

Because it’s about life and how you live it!

In the spirit of financial well-being and on into 2015.

Happy Thanksgiving.

Paula Cashflow

Feeling good about stock market highs?

Check in on these five things now?

Over the last four weeks we’ve experienced a mini stock market crash of almost 8 percent. Although 8 percent is not considered “correction” territory, many investors found themselves feeling anxious about the future. Luckily the rebound has been astronomical and not only have we recovered the 8 percent, but the stock market has gone on to set all time new highs. The S&P 500 is currently above 2030, an increase of about 10 percent this year. If these highs and lows or “volatility” continues, and all arguments point to the fact that it could, does it now make sense to take advantage of these times and make changes to your investments? Take a look at these five suggestions to see if they have merit for your qualified and tax deferred plans. Continue reading

5 Go-To Financial Behaviors

5 Go to Financial Behaviors

 For financial freedom

If I could condense twenty or so years of wealth accumulation onto a 3 x 5 index card, and keep it handy as a refresher, this exercise would reinforce good personal finance behaviors.  My mom is a fan of 3 x 5 index cards and has encouraged me to use them for the simplest reminders.  Even in this day of mobile lists, downloading, songs, streams, and tweets, writing down these five behaviors in your own handwriting and referring back to them frequently will result in a larger Personal Financial Statement over time. Continue reading

October Cashflow update

Time to refresh your PFS or Personal Financial Statement.

Back in July, I introduced the concept of quarterly financial updates.  If you choose to work with a financial advisor, chances are they will encourage quarterly meetings.  I usually did with my client base.  Although, I found that my clients after a year of these meetings were comfortable with the relationship and chose to forego the quarterly meeting.  This was actually okay, because I was working behind the scenes keeping close watch over my client’s overall financial picture.  Continue reading

Financial Planning is Healthful

My mother is an avid reader and she’s always giving me newspaper clippings, dog-earred magazines, blurbs, etc. penned with ideas she considers to be valuable information that I MUST read, right this minute.

Her intentions are always good and, most of the time, I do read the bag full of clippings that she sends home with me after our visits.

But this week, Viviane (Paula Cashflow’s mom) nailed it!  Continue reading

Borrowing from your 401k

Whether you’re a spender or a saver, most of us will need to borrow money at some future point in our lives.  It’s inevitable.

Back in the late 1990’s when my income was much less, I borrowed money from my 401k.  In the spirit of full disclosure, I am not a fan of borrowing from 401k funds.  Therefore, I think it is necessary to have a healthy conversation about why 401k loans should not be part of a wealth accumulation strategy. Continue reading

Life Insurance 101: Part One

As Open Enrollment season approaches, you might have the option to choose employer provided life insurance. Generally, most companies offer a no-cost group life insurance option limited to one- or two-times your annual salary. Needless to say, this is not an employee benefit option that anyone should pass up.

Here are some things to consider this open enrollment season when evaluating your benefits plan for 2015. If you are in any of the following categories, you MUST consider electing this coverage: Continue reading

Money Lessons I Have Learned

Over the years most of the money lessons I’ve learned have involved money and some combination of family or friends.  This is a sensitive topic.

Money and family can be a toxic combination, but I’m going to attempt to address some events that can transpire and hopefully not offend any of my readers in the process.

As I take a deep breath, here are a few of my toughest money lessons: Continue reading