A common resolution this time of year is to deal better with money. Whether it’s spending less on lattes, saving simply saving, sticking to financial responsibility can be tricky. To get advice on that, WCCO Sunday Morning spoke with financial adviser Nicole Middendorf.
A new study finds we’re not saving nearly as much as we should or could. Interest.com looked at typical household spending in the Twin Cities and subtracted it from the area’s media after-tax income.
One of the biggest things couples fight about is money. A recent study by Harris Interactive for the American Institute of CPAs found the three biggest money-related arguments: wants vs. needs, unexpected expenses and insufficient savings. So that had us wondering: Should men and women have separate bank accounts? According to Nicole Middendorf, financial analyst and CEO of Prosperwell Financial, the answer is usually ‘yes.’ “Because, otherwise, I tend to find people fight too much,” she said. “We are generally so busy in our lives that we don’t take the time to communicate, especially about something that’s not fun to communicate about.”
Managing money is the top thing couples fight about. And research shows that men and women have different habits, different styles of dealing with money.
The saying used to be “Money doesn’t grow on trees, kids.” Now, it’s more like, “Mom and Dad’s money just doesn’t pop out of the ATM.”
Financial advisor Nicole Middendorf, CEO of Prosperwell Financial, says the biggest questions she getting about the upcoming “fiscal cliff” is “should I be doing something?”
There’s nothing sexy about saving for retirement. We all know we should be doing it, but with monthly and weekly financial obligations, it can be hard to start saving for what can be an intimidating and distant target.
If the value of your home keeps sinking, is there a time you’re actually better walking away?