Posts Tagged "spending"

White sand beach with clear blue water.

Whoopee! The Kids Are Gone

Many parents feel the tension between competing priorities: saving for their children’s college education and saving for their own retirement. Once the kids graduate and move out, the parents rationalize, we’ll really start socking money away.

But do they?

They do not, according to a recent report from Boston College’s Center for Retirement Research, which is affiliated with Squared Away. The report found that parents, suddenly feeling rich after the children leave the nest, indulge by spending 50 percent more on eating out, going to the movies, or buying new clothes.

There are two risks in doing so. …Learn More

Tipped over jar of change.

5 Tools to Control Spending

Financial planners say poor spending habits are their biggest obstacle to helping clients.
So I asked a dozen financial planners around the country – all members of the National Association of Personal Financial Advisors (NAPFA) – to share their best tools and tips.

This week I’ll provide the five “best” tools and the reason planners like them. Next, I’ll post planners’ top five motivational tips. …Learn More

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