| Flourish Financially with Kathy Longo
Parents often feel responsible for setting their children up for a successful future. However, in terms of priorities, your retirement savings should generally always come before saving for college.
When it comes to financial planning, there is no one-size-fits-all strategy. Your situation is unique – and so are your goals – and you may find that you need more extensive planning than most people.
Financial conversations are often difficult, particularly within marriages. This is especially true for those who have been married more than once, and for those with children from prior marriages. However, money discussions in blended families can become quite complex,
Charitable giving is a very personal decision, and two-thirds of Americans give money to a charitable organization annually. If giving back is a money value you hold dear, you’ll want to make sure you get the most “give” for your giving.
By Kathy Longo, CFP®, CAP®, CDFA®
Kathy Longo sat down with George Grombacher of the Money Savage podcast to discuss how values fit into financial success, how to determine yours, and the challenges and opportunities associated with life’s transitions.
It is an unfortunate truth that money can be the catalyst for some of our most difficult struggles. This is why it is so important to minimize the negative impact that our emotions have on our financial decisions during challenging times.
Did you know that 31% of Americans say they have lied to their spouse about money? Or that 80% of couples spend secret money?
Whether it's due to a change in income or simply a decision to prioritize savings goals, we all need to tighten our budget belts sometimes and the new year is a perfect time to get started.
One of the most effective ways to come out financially on top after a difficult life transition is to keep emotion out of your decision making. Of course, that’s easier said than done! While it may be an uphill battle, though, there are things you can do try to keep your emotions separate from your financial decisions.
Welcome to your weekly opportunity to take a few minutes to set a small goal that can help you achieve your larger aspirations. This week I will be talking about DIvorce & Your FInances.
To find success in managing your household finances, it’s crucial to lay a foundation built on the fundamentals.
Taking the time to get on the same page as your spouse with household finances is always a positive step – and one that I encourage all married couples to take, even if they’re far past the newlywed stage.
If you are dealing with financial uncertainty, as many of us are during this pandemic, this challenge is for you.
In the midst of transition, self-reflection helps you identify your main sources of challenge and worry. So, this week’s challenge is to jump-start your self-reflection process and gain greater clarity in your goals.
One of the frustrating parts of financial planning is that your plan is never permanent. Unexpected financial setbacks happen to all of us, and each time they do we must reevaluate our plans. After the initial shock of a financial setback, resilient people choose how to respond, and they focus on the positive. Using this mindset allows you to see your situation in a different way and to thoughtfully reevaluate a financial plan that no longer accomplishes your desired goals.
