The Big Picture

SEPTEMBER 21, 2022

Consider : Questioning investors as to their risk tolerance does not typically result in an accurate description of their true tolerance for drawdowns and lower returns; instead, we get a number highly dependent upon the performance of equity markets over the prior three to six months.

Risk Tolerance 334

Risk Tolerance Budgeting Numbers Banking 334

Clever Girl Finance

NOVEMBER 4, 2023

Love it or hate it, if you want to be financially successful, you need to budget your money and success with budgeting means understanding budget categories. So, let’s talk about the various categories that you might need, including a budget categories list! How many categories should I have for a budget?

Budgeting 91

Budgeting Insurance Retirement Food 91

Clever Girl Finance

DECEMBER 26, 2022

A budget is a critical piece of any successful financial picture. Without a budget, it is hard to know where you stand financially. Even if you have a healthy emergency fund, a budget will allow you to track how much money you are earning, saving, and investing every single month. What is a budget template?

Budgeting 98

Budgeting Management Accounting Planning 98

Clever Girl Finance

JULY 16, 2023

Budgeting as a couple is critical in managing your household finances. Your budget not only allows you to plan and track where the money will be spent, but it enables you to direct the course of your finances together. Table of contents 5 Steps to get started budgeting as a couple Expert tip What is the best way to budget as a couple?

Budgeting 86

Budgeting Communication Certified Financial Planner Accounting 86

Clever Girl Finance

MARCH 29, 2024

When you are paid on a biweekly basis, it may make sense to create a biweekly budget. A biweekly budget is perfect for those who get paid every other week. You can structure your budget around your paychecks so you don’t miss anything with your money, and you can find out how here! How does a biweekly budget work?

Budgeting 93

Budgeting Planning Accounting Management 93

Nerd's Eye View

FEBRUARY 23, 2024

Which suggests that instead of trying to go head-to-head with these larger firms (and their heftier marketing budgets) in attracting clients, smaller firms might instead demonstrate how they are 'different' by offering a unique service offering tailored to their ideal target clients.

Financial Planner 238

Financial Planner Certification CFP Financial Advice 238

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 245

Financial Planner Commission Communication Financial Advisor 245

Nerd's Eye View

APRIL 19, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Clever Girl Finance

OCTOBER 9, 2023

Whether you’re working for yourself or have an irregular job schedule, budgeting on an irregular income can be tough. But creating a budget for this type of income is easy to learn! Table of contents Budgeting when you have an irregular income 1. Create your baseline budget 2. Can you budget with an irregular income?

Budgeting 88

Budgeting Planning Education Retirement 88

Clever Girl Finance

SEPTEMBER 2, 2022

After you’ve announced your relationship status and had your fair share of celebrating, it’s time to start planning for your big day with a wedding budget breakdown! This means putting together a wedding budget spreadsheet with percentages and categories. Why a wedding budget breakdown matters for your finances.

Budgeting 89

Budgeting Planning Transportation Insurance 89

Clever Girl Finance

DECEMBER 13, 2023

Budgeting isn’t just about making sure you have enough to pay the bills each month. What number of sinking funds should I have at one time? These can help you build out your budget and live debt-free. According to PR Newswire, 80% of Americans have a budget. Divide that amount by the number of months until the event.

Budgeting 87

Budgeting Medical Accounting Transportation 87

Clever Girl Finance

JULY 13, 2024

The 60/30/10 budget turns the traditional rules of budgeting upside down. Instead of focusing on discretionary spending, this budgeting rule emphasizes sprinting toward our financial goals. And although the 60/30/10 rule budget won’t work for everyone, many could use it to take their finances to the next level.

Budgeting 77

Budgeting Transportation Retirement Food 77

Good Financial Cents

MARCH 17, 2023

This information is critical if you want to create a budget and manage your money correctly. I’ll also share some budgeting and side hustle tips so you can get the most out of the money you earn. Multiply 40 hours by 52 weeks to get the number of hours worked in a year: 40 x 52=2,080 hours 3. Sample Calculation 1.

Budgeting 103

Budgeting Taxes Retirement Planning Food 103

Nerd's Eye View

JANUARY 12, 2024

Also in industry news this week: The Department of Labor (DoL) this week published a final rule delineating what makes an individual an independent contractor versus a company employee, though it did not provide specific guidance for registered representatives of broker-dealers and other financial professionals who have expressed concern that their (..)

Financial Planner 240

Financial Planner Financial Advisor Commission Budgeting 240

Clever Girl Finance

DECEMBER 16, 2023

If you don’t feel like you truly have a strong handle on your finances, one possible cause for that is using a budgeting method that doesn’t work. While not everyone needs a to-the-penny balanced budget, some type of budgeting strategy or template is really important if you want to know where your money is going month after month.

Budgeting 84

Budgeting Retirement Accounting Taxes 84

Clever Girl Finance

SEPTEMBER 11, 2023

Like many, you might shudder at the word budget, or perhaps it sounds too boring or challenging to figure out. But the 50-30-20 rule and the 50 30 20 budget template prove it doesn’t have to be difficult. If you’re looking to simplify your budgeting process or are new to budgeting, then this might be the perfect match!

Budgeting 94

Budgeting Taxes Transportation Healthcare 94

Clever Girl Finance

SEPTEMBER 7, 2023

In personal finance, where income, expenses, dreams, and aspirations converge, the budget emerges as a crucial tool. It’s not just a set of numbers, rather, it’s a strategic plan that empowers you to navigate the complexities of financial decisions. Table of contents What is a family budget? What is a family budget?

Budgeting 89

Budgeting Transportation Medical Insurance 89

Nerd's Eye View

JANUARY 27, 2023

Also in industry news this week: Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility From there, we have several (..)

Financial Planner 238

Financial Planner Nonprofit CFP Advertising 238

Nerd's Eye View

DECEMBER 23, 2022

Why advisors crafting their marketing message might first want to consider whether their target client needs a ‘life raft’ or a ‘sailboat’ We also have a number of articles on spending and budgeting: Why advisors might want to consider using a client service calendar to organize the wide range of services they provide for clients (..)

Financial Planner 241

Financial Planner Retirement Planning Financial Planning Budgeting 241

A Wealth of Common Sense

OCTOBER 8, 2024

These numbers are averages so your personal household budget probably looks different in some ways. Each year the Bureau of Labor Statistics (BLS) updates consumer expenditure data on how Americans collectively spend and earn their money. — often dictate how you spend.

Budgeting 144

Budgeting Numbers 144

Nerd's Eye View

OCTOBER 30, 2023

Most notable is the fact that industry associations are not the drivers of advisor conferences that they once were; while a decade ago, 75%+ of this "Best Conferences" list consisted of various events run by industry associations, now it numbers less than 25%. Read More.

Financial Advisor 246

Financial Advisor Numbers Budgeting Financial Planning 246

Nerd's Eye View

OCTOBER 4, 2023

People often talk about "the economy" as a single entity whose parts move in unison, with a small number of key indicators (such as GDP, the unemployment rate, and inflation) moving reliably in relation to each other. And even though U.S.

Valuation 241

Valuation Economics Economy Marketing 241

Nerd's Eye View

JULY 5, 2024

Also in industry news this week: A separate Supreme Court decision struck down the SEC's use of in-house judges to adjudicate cases involving civil penalties (unless both parties in the matter agree to it), likely setting up more settlement offers from the regulator to avoid a drawn-out legal process in the Federal court system At a time when it has (..)

Financial Planner 237

Financial Planner Retirement Commission Financial Advice 237

The Big Picture

JUNE 27, 2024

and energy as a percentage of your household budget is less than it ever was. For most of us who are not regularly crunching the numbers in spreadsheets, it may not feel that way. It’s been a little bit higher and somewhat lower over that period, but gasoline prices have been rangebound for 2 decades. But so too have wages.

Economics 321

Economics Budgeting Sales Media 321

Nerd's Eye View

AUGUST 23, 2024

District Court this week ruled that Missouri's rules that targeted investment advice based on factors other than return maximization was unconstitutional and preempted by Federal law, striking a blow against state efforts to regulate the activities of SEC-registered advisers From there, we have several articles on retirement: 7 factors that can help (..)

Financial Planner 225

Financial Planner Retirement Estate Planning Clients 225

The Big Picture

AUGUST 1, 2022

Between my home and office, I spend an obscene percentage of my discretionary budget at Amazon. I searched for the exact product number “CR2450 Lithium” and bought the first result, a Duracell. I’ve been an Amazon customer since my college roommate gave me a gift certificate in 1998. That was where signs of a shift began to show.

Advertising 361

Advertising Retail Electronics Insurance 361

Abnormal Returns

SEPTEMBER 3, 2024

entrylevel.topdowncharts.com) Strategy Analysts focus on these market numbers, you don't have to. frontofficesports.com) Global Ireland is running a budget surplus. Markets How major asset classes performed in August 2024. entrylevel.topdowncharts.com) REITs have stopped going down. axios.com) Year 2 for ESPN Bet is here. than Europe.

Financial Advising 147

Financial Advising Startup Budgeting Manufacturing 147

Nerd's Eye View

OCTOBER 24, 2023

And be certain to listen to the end, where Sarah-Catherine shares how, as a founder, she has learned to get comfortable simply leaning into her instincts, even when she can't fully back up a decision with numbers, finding her own compass for determining what will best for her clients and the company at large, how Sarah-Catherine's determination to (..)

Financial Advisor 229

Financial Advisor Financial Planning Planning Fee Only 229

The Big Picture

SEPTEMBER 7, 2023

One former Tiger employee recalls a partner taking a 10-hour red-eye to visit the offices of a prospective portfolio startup, crunching numbers, then meeting with the founders in the morning. Budget Has Receded. They’re doing it again after a two-decade break. Within 24 hours, that partner was already on a flight back home.

Budgeting 147

Budgeting Startup Banking Food 147

Your Richest Life

JUNE 3, 2024

Some people start to feel like they’re behind on their goals anyway, so what’s the point of looking at the numbers to face the reality? And you work that into your budget to make sure you’re allocating more funds to those accounts for the rest of the year. Everyone, regardless of how much money you make, needs a budget of some kind.

Budgeting 97

Budgeting Taxes CFP Retirement 97

Carson Wealth

JUNE 27, 2024

There are currently about 722,000 centenarians in the world, and it’s predicted that by 2050 that number will rise to 4 million. Based on these numbers, your retirement period can unexpectedly last 30 years instead of 20. Sticking to a budget allows you to monitor your finances and keep you on track.

Retirement 97

Retirement Budgeting Healthcare Risk Tolerance 97

Carson Wealth

SEPTEMBER 5, 2024

Whether you’re enrolling for the first time or considering a change, these tips will help you choose a plan that fits your healthcare needs and budget. Here are some tips to protect yourself: Guard your Medicare number: Treat your Medicare number like you would a credit card number.

Healthcare 141

Healthcare Medical Planning Retirement 141

Carson Wealth

APRIL 4, 2024

Go over their monthly budget and find out if there are any areas they might need to cut back on. These agencies may include the Medicare/Medicaid offices, the Social Security Administration, and Veterans Affairs. Simplifying and Managing Financial Tasks Next, you’ll want to assess your parents’ household income and expenses.

Management 137

Management Healthcare Medical Estate Planning 137

Clever Girl Finance

JANUARY 29, 2023

Staying away from debt is also encouraged so you can keep your net worth number positive. Many things can make your net worth higher, but keeping low liabilities (debt) and growing your assets will determine your net worth number. There are a number of things you can do to reach your net worth and retirement goals.

Budgeting 119

Budgeting Retirement Assets Education 119

Clever Girl Finance

OCTOBER 14, 2022

So you need to be brutally honest with yourself about any outstanding debt , student loans, or high expenses that are hurting your budget. In order to combat this, take some time to make a budget. You also want to find a budgeting method that works for you because it will help you manage your money better. Are you overspending?

Management 111

Management Budgeting Insurance Accounting 111

MainStreet Financial Planning

JUNE 13, 2023

Make a new baby budget. Stay on track with this New Baby Budget Guide. Get a social security number for your child. You can request a social security number along with your baby’s birth certificate. If you need some guidance creating your New Baby Budget we can help! Top off your emergency fund.

Insurance Coverage 89

Insurance Coverage Budgeting Healthcare Estate Planning 89

Clever Girl Finance

DECEMBER 13, 2023

Often, living on one income requires you to get creative with your budgeting and learn to prioritize your needs over your wants. From practical budgeting best practices to money mindset shifts , here’s a look at how to live on one income. And it all starts with building a sustainable budget.

Budgeting 89

Budgeting Planning Financial Planning Accounting 89