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Category: Budgeting

Three Types of Savings Everyone Needs – What Could Go Wrong?

During an enjoyable dinner with my wife and some good friends the other night, I glanced beyond our dining room through the windows in our kitchen and was surprised to see the sky turning ominously dark. It had been a
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The Refinancing Train Is Leaving The Station

It's been roughly 18 months since SMI last looked at the ins and outs of refinancing a home mortgage. But some things have changed since then that merit taking another quick look at the issue. What's changed? Interest
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Staying Physically and Fiscally Fit

Our former Director of Operations, my son Matthew, left the friendly confines of SMI in January in order to pursue his passion for teaching the benefits and how-tos of nutrition and fitness. He made his radio debut last
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Do You Have in Place the One Financial Essential for the New Year?

A question we've heard countless times is "What are the most common mistakes people make when managing their finances?" One of our leading answers: making spending and investment decisions apart from a personalized
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Taking Your Household Budget Online – Part Three

If you have been following this column the past two months, you may have been motivated to give online budgeting a try. If so, that's great! If not, I hope you're at least using some type of budget — the envelope system,
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Taking Your Household Budget Online – Part Two

If last month's article motivated you to step into the brave new world of online budgeting, by now you may have run into one or both of these questions: (1) What's the best way to account for my paycheck? and, (2) How do I
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Marriage and Your Inner Money Manager

Each of us has natural financial tendencies — inherent strengths and weaknesses in how we think about and manage money. These tendencies come from many sources: our parents and other influential people in our life,
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Taking Your Household Budget Online – Part One

Several years ago, a strange trend emerged in the personal finance world. Using a budget started becoming something very close to cool. Until that time, the mere mention of the word "budget" brought looks of dread to most
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Christmas Traditions

Does anyone remember the TV show Supermarket Sweep? Contestants had several minutes to fill grocery carts with as much stuff as possible. But the winner wasn't determined by the quantity of stuff jammed into the cart but
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A Simple Plan for Making Your First Million

Here's the plan: When you're 30, start saving $434 a month. Invest it in a tax-deferred account such as an IRA, and earn an average return of 8% per year. When you turn 65, voilà, you'll have a million bucks (or
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