All right, 2017, let’s get down to business. If you followed my advice in December and set your goals for the year, it’s time to take the next step and talk about becoming more mindful with your finances. There are a plethora of helpful how-to books and blogs on personal finance, but far more important to your financial well-being is improving your relationship with money. The behavioral side of money is much harder to understand and control.
A Lesson on Mindfulness from Johnny Depp
This interesting article addresses the new and controversial DOL fiduciary rule in light of Johnny Depp’s personal financial debacle. I support holding more advisors to a fiduciary standard, but I also believe that at the individual level we need to be more engaged and aware of what’s going on with our finances. Click here to more of my thoughts.
Best Practices for Using Mint
Spending your money in the right way starts with understanding how you’re spending your money. Reviewing credit card and bank statements or using an online expense-tracking tool will help bring awareness to how you’re spending your money. If you don’t currently have a system in place, I recommend you give Mint a try. Check out my recommendations for best practices with Mint.
Take Charge of Your Student Loans
6 Steps to Setting Better Goals
After a whirlwind holiday month packed with loads of people and activities for which I’m very grateful, I found myself short on time for reading and writing. Who knew applying to public kindergarten in New York City was so complicated?! In this month’s quick-fire Fiscal Therapy, I hope you find the following tips on goal-setting helpful as you set your sights on 2017. Happy New Year!