4 Freaky Facts About Millennials and Debt

Facts about Millennials and debtI’ve got good news and bad news.  Which do you want first?

Let’s suck it up and get the bad out of the way: debt is a pretty big problem these days – for everyone.

The average U.S. household carries $15,480 in credit card debt, owes $156,474 on their mortgage, and has student loan debt to the tune of $33,424.  And that’s just an average.  Many consumers are struggling even more than those numbers suggest. [Read more…]

Financial Life After College: Budgeting and Large Purchases

Budgeting and Planning for Large PurchasesAs summer stretches on, recent college grads are gradually transitioning into fresh roles: that new girl in accounting.  Or maybe: you know…the guy they just hired, from IT – the one who came to reset the router.

And that goes hand-in-hand with another equally life-changing new experience: the financial wonder of a 40-hour-week-plus-benefits paycheck.

Armed with that extra cash, life seems flush with new possibilities.  Not to mention really cool things to buy. [Read more…]

Financial Life After College: Money Mistakes to Avoid

Financial Plan College, Financial Plan twenties, money mistakes, Are you a class of ’14 college graduate?

If so, let me start by congratulating you on a huge achievement.  And welcoming you to the working world.

You’ve got a lot to look forward to – money, benefits, paid vacations, who knows…maybe even some sweet stock options.  Not to mention the sense of achievement that having a career – and doing it well – can provide. [Read more…]

You Need a Budget, But Do You Need YNAB?

YNAB, Personal Financial App, Budgeting AppA household budget is a big part of a solid personal financial plan. It lets you know where you stand financially – what you’re earning, what you’re spending, and what you owe.

But actually sitting down to set your budget – not to mention sticking to it month after month – can be a difficult, time-consuming process.

That’s where personal budgeting applications can be a really big help. [Read more…]

Online Budgeting? Yep, There’s An App for That

Mint.com reviewMaking a personal budget is no easy task.

Sure, sitting down to make tough decisions on how to allocate funds and where to cut back can be intimidating.  But it’s a piece of cake compared to actually tracking your financials month-to-month.

If you’re anything like me, adding up purchases and tracking progress towards budgetary goals just isn’t a top priority.  Not with everything else on my plate. [Read more…]