Saturday, October 23
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Financial Planning

Secured vs. Unsecured Loans: Here’s the Difference

Financial Planning, Laredo
Whether you’re trying to buy a home or looking to get a college degree, you may need to take out a loan to finance your goals. If you’re seeking out your first loan, know that borrowing money is a common practice and you don’t need a degree in economics to understand it! Learning more about loans and the different types can help you make informed decisions and take control of your finances. Loans take many forms but they all fall within two common categories: secured vs. unsecured loans. Whether you’re approved for either type of loan depends on your creditworthiness. Creditworthiness refers to how responsible you are at repaying debt and if it’s worthwhile or risky to grant you new credit. It’s helpful to be aware of your credit prior to seeking out a loan so you know wher...

7 Money Steps to Take Before 2021

Financial Planning, Laredo, Personal Finance
With the end of the year rapidly approaching, it’s a good time to take stock of your financial situation as you head into 2021. 2020 has been a strange year, and a difficult year for many people. With many people’s health and/or economic livelihoods affected by COVID-19, many people’s situation looks very different than it did back in January. As we head into a new year, here are a few things that you can do to improve your finances before the end of 2020. #1 Put at least $1000 into an emergency fund If you don’t have an emergency fund set up to handle unexpected expenses, that is a good first step to putting yourself on a solid financial footing. $1000 may not be enough to handle every possible thing that could go wrong, but it can be enough to handle your car breaking down or an ...

How a CFP Celebrates Her Money Wins

Financial Planning, Laredo
People may often imagine that when they reach their milestones, there will be fireworks and party buses along with a huge celebration. And while sometimes there are, most wins are simply small steps you take every day until one day you wake up where you visualized you would be. That is why it is important to celebrate it all — the ups, the downs, the wins, the steps forward, and sometimes even backward. Without awareness and reflection, you might miss out on celebrating how much progress you have made in your financial life. By acknowledging even the so-called small things, you can keep the momentum alive and feel good about yourself. Here are some ways I celebrate my money wins, no matter how big or small: Tell my family and friends. By sharing my money wins and even challenges with my ...

How To Get A Car Loan in 5 Easy Steps

Financial Planning, Home Equity Loans, Loans, Personal Finance
Need a car loan soon? Whether you’re about to buy a car soon or just thinking about it, chances are you will likely finance it (unless, of course, you have the cash to buy it right away). So why not learn a few steps along the way to help you get a car loan. A little knowledge about the process can go a long way; so far as saving you thousands of dollars in the long run! Ready to start comparing car loan already? Start now… it’s Free. Step One: Review your credit file You may need to get a free credit report and make sure you have a good credit score before applying for a car loan. The better your credit score, the higher your chance to get approved and save on interest. Step Two: Compare interest rates You should shop around, compare auto rates and fees before you apply...

5 Reasons You Need To Hire A Financial Consultant

Financial Advisor, Financial Planning, Galveston, Personal Finance, Retirement
If you’re a busy individual and have no time for the day-to-day management of your money, you may need to consult a financial consultant. Beyond being busy, however, there are major turning points in your life where working with a financial consultant is absolutely necessary. For instance, if you’re approaching retirement, you’ll have to figure out how much money you need to live during your non-working years. So what is a financial consultant? And what do financial consultants do? In this article, we’ll run you through situations where financial consulting makes sense. We’ll show you where you can get a financial consultant that is ethical and who will act in your best interest, etc. Of note, hiring a financial consultant is not cheap. A fee-only financial a...

5 Financial Goals to Start in 2021

Financial Planning, Laredo
  Although many people start New Year’s resolutions in January, there’s nothing magical about January with regards to self-improvement. Still, the best time to make a change or set a goal is today, so if you’re ready to level up in your life, there’s no time like the present. Here are five financial habits that you might consider starting this year.  Commit to a written budget (and review it often) The very first thing that you’ll want to do is commit to a budget. Having a budget is the cornerstone and foundation for financial success. Knowing where your money is going (and not going) can help you understand where you’re at. If you’ve had trouble making or keeping a budget, resolve to start a budget this year. A tool like Mint can be a great way to put your budget on a...