Previously on the blog, we have talked about the process of developing a personal budget. In this process, four steps were listed out: 1. Tracking spending and income, 2. Self-reflection, 3. Creating the budget, and 4. Trial and error. While these steps walk through the process of developing a budget, it is also beneficial toContinue reading “Three Potential Budgets for Your Money”
Author Archives: Julian Bell
401(k) Basics
What is a 401(k)? A 401(k) plan is an investment account with tax advantages that an employer can offer to its employees. The type of investments in a 401(k) vary by employer but usually fall into the categories of mutual funds (stocks and bonds), company stock, or guaranteed investments contracts (GIC). There are two typesContinue reading “401(k) Basics”
Tax Planning in 2021
“In this world nothing can be certain, except death and taxes” (Benjamin Franklin). Taxes are an expense that everybody has to deal with throughout their life. Taxes give the government money to provide services for the public. Every adult needs to know how to pay their taxes because not paying taxes can result in legalContinue reading “Tax Planning in 2021”
Understanding the Stock Market
What is a stock? A stock represents a share of ownership in a publicly-traded company. Once you purchase and own a company’s stock, you then become a shareholder and have ownership in that company’s profits. There are two ways a person can make money from investing in a company’s stock. First, you can make aContinue reading “Understanding the Stock Market”
Money & Me
This blog post is meant for you to STOP what you are doing and simply think about YOUR relationship with MONEY! (hope I didn’t scare you 🙂 ) Now, usually when people hear the word “relationship,” they automatically think about a significant other, family, or friends. Those are all significant relationships in a person’s life,Continue reading “Money & Me”
Needs Vs. Wants
“More important than making money, is figuring out what you want to do with that money” (Patrick Schulte). In life, everybody knows that they want to make money to afford their desires in life. In most cases though, people’s desires are vague and a plan is not created to fulfill those desires in the shortContinue reading “Needs Vs. Wants”
The Basics of Individual Retirement Accounts
Young adults are commonly known to not have wealth compared to their older counterparts. Young adults having a low net-worth usually stems from the individual being young and not having enough time so far in their life to build wealth. Depending on a person’s situation, they may start to work full time after high schoolContinue reading “The Basics of Individual Retirement Accounts”
The Investor Checklist
(Four things Investors need to know before investing) 1. Your financial status? Your current financial situation is one of the first things that you need to reflect on to determine if you are ready to make a financial investment. Income, savings, debt, and living expenses are areas that show whether financial investing is a possibilityContinue reading “The Investor Checklist”
Five Money Goals for 2021
The beginning of every year provides another opportunity for improvement in our lives. Usually, people have resolutions or goals for the new year and the year of 2021 will be no different. Regardless of whether you’ve made your prior goals or resolutions a reality, your actions today will dictate what happens tomorrow. Your finances willContinue reading “Five Money Goals for 2021”
Credit 101
What is a credit report and credit score? A credit report and a credit score are two important pieces of information regarding your financial history. A credit report shows your actual financial history whether that’s current debt (like student loans), bill payment history, and other financial information like where you receive your income (job orContinue reading “Credit 101”
The Grown Wave 