Rental Rate Trends: It Isn’t Looking Good for Millennials

Although inflation continues to be very low, the one part of the economy where rates are skyrocketing is in apartment and home rentals. While this isn’t a favorable trend for anyone who rents, it’s often of great concern to my millennial clients who, on average, feel more inclined to rent versus buy. In fact, I […]

The Shocking Results of My Utility Provider Research

Oil, natural gas, propane and, to a lesser extent, even electricity prices are coming down and consumers are saving money. That’s a good thing. But when I recently assisted a client with price shopping utilities, I was surprised to learn that there are HUGE price differences from one company to the next. This means that […]

Why “Pay Yourself First” Isn’t Exactly Good Advice

Many previous clients have tried various techniques to save, but often struggle to build lasting strategies. And while options like “prioritize savings” and “pay yourself first” make for good sound bites, these approaches don’t make a lot of sense. You can’t just prioritize savings and somehow think everything will be okay. Sooner or later, bills, […]

Starting and Sustaining New Habits

Wouldn’t it be nice if when you wanted to change a behavior, all you had to do was program your brain and have it happen automatically and effortlessly? Obviously it is not that easy, but modifying behaviors and turning them into routine habits is quite possible. Ben D. Gardner, a psychology professor from the University […]

Is Wage Stagnation Holding Us Back?

I continue to be intrigued by the number of clients that I work with whose income has been stagnant over the last decade. For the average family, this is creating a squeeze in spending as, quite simply, the same dollars are chasing higher expenses and accustomed life styles. Unfortunately, I am currently working with several […]

Maturity Doesn’t Follow a Script

The other day, I was in my car listening to the very popular and opinionated ESPN radio talk show host, Colin Cowherd. He was talking about NFL quarterbacks, specifically commenting on an incident that occurred with San Francisco quarterback Colin Kaepernick. Apparently, Kaepernick used poor judgment in some of his recent social media posts relative […]

Millennials Are More Frugal Than Their Parents

College Student Fact: The likelihood of borrowing for college has increased most among graduates from high-income families AND college-educated parents ~ Pew Research Center Recent data suggests that millennials—those born between the early 1980s and mid-1990s who are often referred to as “Generation Y”—are actually quite conservative with their money. Surprisingly, they hold even more […]

A Home Is Not An Investment

You have probably heard it a million times: Buying is better than renting because renters forgo the opportunity to accumulate equity in real estate. Yet, one expert disagrees. What Shiller Says Robert Shiller, the 67-year -old Nobel Prize winning Yale University professor who is best known for his early, accurate prediction that U.S. house prices […]

Healthy Lifestyles – Managing Financial Stress

It seems like everyone is caught up in healthy lifestyles today. And one word that comes up a lot is “fit.” People are doing Crossfit, counting their steps using a Fitbit®, and wearing Dry-FIT exercise clothes. “Fit” is now also being applied to finance, as in achieving “financial fitness.” Although this feels a little bit […]

Wealth Transfer Not Just About the Money

Millennials are poised to inherit approximately $41 trillion from their Baby Boomer parents over the next 50 years—the largest intergenerational transfer in human history. But with the dollars come many challenges. Increasingly, this first generation is voicing concerns over the financial preparedness of their adult children, fearing they may lack the emotional or financial ability […]