With a New Baby, How Do We Prepare Financially?

Our question of the month comes in from Stephen:

Hey Andy!

My wife and I are expecting our first child this year, so it will be a true test on how we work around the new costs we will be accruing. I am on pace to pay off a student loan in 3 years and I don’t want to break that. We max out our 401k and we pay extra on our mortgage and my student loan each month.

I don’t want to lose this momentum we have — we both promised ourselves we would never decrease our 401k contributions because we value investing in our future too much. I guess I’m divulging all of this to ask …

What do you advise so I don’t lose momentum when the baby comes?

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10 Budget Apps That Make Your Personal Finance Goals Easy

There are mobile apps for just about everything nowadays. This includes apps designed to help you improve your personal finances through budgeting.

Using a budget is an excellent way to eliminate debt, save money, and reach your financial goals faster. With new budgeting apps available to download every year, which ones are the best for you and your family to improve your finances?

Here are 10 budgeting apps to that we like.

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5 Quick Ways to Improve Your Finances Before the New Year

It’s almost the New Year!

It is time to take some massive action to improve our financial situations before the year is up. That way we’ll kick things off in January with confidence and more money in our pockets.

If you made a list of goals or new years resolutions earlier this year, now is the time to look at that list and assess how you’re doing. Think about what action you can take to accomplish those big goals you set for yourself earlier this year.

Now if you didn’t make any goals or can’t find that list, that’s okay! I have 5 goals for you to consider to help you improve your financial situation before the new year.

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Help Your Family With Their Money Questions (Without Freaking them Out)

Our question of the month comes in from Paul from Michigan:


Hi Andy,

I’ve been into personal finance and financial independence for years. I often have family and friends that approach me about investing and other personal finance topics. 

Money can be such an emotional topic and evoke feelings of shame or guilt. It can also be a very overwhelming topic.

How can I speak with people in my life about financial independence, investing and money without alienating or overwhelming them?

Thank you!

Paul

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10 Personal Finance Goals To Help Your Family Build Wealth This Year

Happy New Year everyone! This is the time for declaring new goals, adventures and accomplishments. 

Over the past few years, I’ve been setting personal goals for myself in all areas of my life. This way I am constantly striving to give myself and my family the best life possible.

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