Archives by Tag 'saving'

The Basics

By Linda Leitz - Last updated: Wednesday, June 21, 2017

There are some basics that will help anyone get started financially, or keep going in the right direction. The fundamentals outlined here are accredited to the Alliance of Comprehensive Planners. Save regularly. It’s a good idea to save at least 10% of your annual gross income. Gross income is your income before any deductions, including […]

529 Plans

By Linda Leitz - Last updated: Friday, June 2, 2017

If you want to contribute to the higher education of a loved one, a 529 plan might be worth considering.  It can be a way to put away money for this education goal with some good tax breaks. Money in a 529 plan can be withdrawn for qualified education expenses for the designated beneficiary from […]

Early Financial Lessons

By Linda Leitz - Last updated: Friday, January 29, 2016

When young adults get their first “real job”, there are usually a lot of things to think about other than long term financial goals. But building some good habits around money early can have the wonderful side effect of meeting some of the most common long term financial goals. One of the first good habits […]

Money Smart Eating Out

By Linda Leitz - Last updated: Friday, January 8, 2016

When people make a list of where they need to reduce their spending, usually one of the top five items is eating out. Being in control of your finances doesn’t mean living off brown bag lunches and leftovers.   Sometimes budgeting is as much scheduling as it is watching costs. Eating out is often a […]

Your year end financial report card

By Linda Leitz - Last updated: Tuesday, December 22, 2015

As the year draws to a close, it’s a good time to take a look at your financial situation. That will prepare you to set your financial priorities for the coming year.   First, what’s your debt level? Did it increase during the year? If so, why? Having productive debt, like a mortgage or manageable […]

College Planning

By Linda Leitz - Last updated: Thursday, July 9, 2015

Any long term financial goal deserves thought and planning. If you anticipate your children will continue their education beyond high school, there are many considerations for you and for your kids. You and your co-parent – whether you’re married or not – need to talk about what your expectations are. Do you intend to pay […]

Post divorce financial changes

By Linda Leitz - Last updated: Tuesday, September 9, 2014

Divorce is a traumatic experience. You go through extensive negotiations or to court and get a financial settlement that you believe will work. But sometimes things happen and don’t go according to plan. If you’re receiving money in the form of spousal maintenance – which is what Colorado calls alimony – or child support, the […]

Financial Tips for the Not Wealthy

By Linda Leitz - Last updated: Thursday, August 14, 2014

Many people say they don’t have enough money to do financial planning. Planning isn’t just for folks with lots of money. In fact, if you feel like you don’t have much money, managing it well is really important. Planning isn’t just complex financial strategies to maximize wealth. It’s also handling your finances with intention and […]

Three Financial Mistakes for Young Adults to Avoid

By Linda Leitz - Last updated: Tuesday, July 15, 2014

There are some great financial strategies that make a sound financial life achievable. There are also some mistakes that can slow down or stop a young adult from getting started on a good financial path. Bad debt. It’s easy to live beyond your means. Credit cards can be a convenience, but in the age of […]

Top Ten Reasons to Participate in Your Company Retirement Plan

By Linda Leitz - Last updated: Wednesday, April 29, 2009

Now that tax season is over, folks are taking a look at their bigger financial picture again.  With all deference to fabulous late night talk shows, here are ten reasons to consider putting some of your hard earned wages into an account with your employer’s retirement plan. 10. The company is required to provide a […]