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Tag: Financial Planning

Estate Planning: Why It Matters and Which Option is Best for You

Estate Planning: Why It Matters and Which Option is Best for You

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Estate planning is the process of arranging for the distribution of one’s assets and affairs after death. It’s an essential part of financial planning, as it ensures that one’s estate will be distributed according to their wishes and can help avoid conflicts and legal battles among heirs. In this post, we’ll explore the importance of estate planning, the main options available, the differences between a will and a revocable living trust, and the circumstances in which one might consider using one over the other.

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Helping My Parents Downsize: From Stressful Talks to Successful Results

Helping My Parents Downsize: From Stressful Talks to Successful Results

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empty apartment with packed carton boxes before moving

Time does not fly by, especially in the middle of the COVID-19 pandemic. Probably, at this time last year, we all thought we’d be out of the woods but here we are. It is almost the end of August of 2021 and we are seeing a rise in restrictions with the Delta variant. Face mask mandates are still on and I’m back to full-time work from home. No complaints on my part but hey, not all news is bad news.

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Why We Decided to Refinance Our Mortgage

Why We Decided to Refinance Our Mortgage

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Refinancing

We recently finished the process of refinancing the mortgage on our home. Initially, we thought the effort would not be worth it; however, after setting refi goals, getting in touch with lenders, and running the numbers we couldn’t pass on this opportunity. In the end, we were able to lower our rate by 0.625% and realize a decrease in our monthly mortgage payment of 21%.

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Why We Decided To Start An Emergency Fund

Why We Decided To Start An Emergency Fund

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Emergency Fund

We were skeptical of having an emergency fund. Our reasoning was simple, parking our money in an online saving account meant losing value to inflation. In addition, we had other buckets we could tap into in case of an emergency. That was our thinking until Q1 of 2020 when a black swan decided to knock on our door.

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Plans for 2018: No Goals, No F* Glory

Plans for 2018: No Goals, No F* Glory

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Goals

First I would like to share two magical words: AWESOME BREAK!. I was able to completely disconnect myself from not only my full-time job but also this blog. I was very much in need of some alone time with the family during our favorite time of the year.

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My Financial Money Map

My Financial Money Map

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Money Map

A couple of months ago I came across a great post by budget on a stick where he introduced the concept of a Money Map. He defines it as a “chart that shows you where all your money is coming in and going out“. In theory, this should be super simple but it will ultimately depend on your understanding of how your money flows through the various buckets you’ve created as part of your financial strategy.

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If You Fail to Plan Then Plan to Fail

If You Fail to Plan Then Plan to Fail

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If you fail to plan then plan to fail

I’d like to think we are all Project Managers in charge of managing the most important asset we have … our lives. Think about it, you can plan your education, your professional career, higher education, going out on a date, and even your next vacation. What do all these things have in common or more importantly, what do they require? …

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