Track your Spending Pie Style

One of the keys to gaining control over your money and finances in general is to figure out exactly where your money is going. Once you have this information you can then create a budget. But the key is you have to know exactly where your money is going before you can even create a budget. This is a process that will take time to get used to and you will have to work hard to make it a part of your routine. That is the bad news. The good news is this process doesn’t need to be overly complicated at first. Continue reading “Track your Spending Pie Style”

Hide and Go Seek Quantitative Easing

As I mentioned in an earlier post, today kicks off earnings season. The predictions are that earnings will be negative for S&P 500 companies as a whole for the 5th straight quarter. The worst part of this news is that the S&P 500 index hasn’t seen five straight quarters of year over year declines since the Great Recession. Not great news for an economy that is supposed to be in a recovery. I have heard many analysts mention that they believe the last two quarters of the year will show a massive turnaround but who knows if this will actually happen. Continue reading “Hide and Go Seek Quantitative Easing”

How to Deal with Financial Uncertainty

In life we have all sorts of unknowns. It is something we have to deal with on a daily basis whether we want to or not. One of the areas of life where uncertainty is the most unwelcome is our finances. During market downturns you can easily lose tens of thousands of dollars in a few short days. These loses, or even the fear of impending loses, can create a lot of stress and anxiety. So how do we deal with this constant uncertainty? I believe the best way to discuss this topic is from a Biblical perspective. Continue reading “How to Deal with Financial Uncertainty”

Good News on the Job Front

After the terrible May jobs report many were speculating that it was a one time bump in the road. Now that the June job numbers are out that looks to be the case. 287,000 jobs were added in June verses the 38,000 that were added in May. The May numbers have actually been revised down to 11,000. That is not a bump in the road but rather a massive crater. Continue reading “Good News on the Job Front”

Is a Recession Coming Soon?

Short answers is maybe, long answer is it depends on who you ask. Deutsche Bank recently came out and said that the probability of a recession in the next 12 months has risen to 60%. On the other hand the New York federal reserve has come out and stated a recession is 8.1% likely in the next 12 months. The biggest issue right now is all of the contradictory opinions about the economy is causing havoc with peoples emotions. The volatility in the markets right now is a direct result of the uncertainty this news creates. There are many gloomy clouds on the horizon but no one can defiantly tells us what it all means. Continue reading “Is a Recession Coming Soon?”

Small Cents BIG Change

One of the things that commonly comes up when discussing saving and investing is the argument that you don’t have any extra money to save in order to invest. I understand completely that we have a lot of demands on our wallets these days but I want to assure you that even small amounts of money can grow into big amounts over time. Would you believe me if I told you that you could leave your loved ones a nice sized inheritance by saving and investing your pocket change? Don’t believe me, well check this out. Continue reading “Small Cents BIG Change”

Is Your Retirement Account Average?

A recent article from USA Today basically asked the question of this post. I was defiantly intrigued to read more. You often hear the magic number of one million dollars. Normally this is considered a goldilocks number. The number to shoot for in order to have a comfortable retirement. So does any age group on average actually have this amount saved? Continue reading “Is Your Retirement Account Average?”

Consumer Spending Continues to Rise

According to Reuters consumer spending increased by 0.4 percent in May and 1.1 percent in April. This strong consumer spending has led the Atlanta Federal Reserve to raise their second quarter spending growth expectations from 4.1 percent to 4.3 percent on an annual basis. Most would consider this good news since our economy is so heavily dependent on consumer spending. I have a major concern though. Continue reading “Consumer Spending Continues to Rise”

Passive vs Active Investments

According to Morningstar the trend is continuing as more and more people are moving their investments to passively managed funds from actively managed funds. In my opinion the reason is more than just lower fees. Humans have emotions, we panic, we get scared and we do dumb things because of it. Going with a passive fund not only lowers your fees but it takes away the risk of your fund manager making a bad decision. Over time it is hard to be perfect with every decision you make. Continue reading “Passive vs Active Investments”