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How Will The Tariffs Affect Your Every Day Wallet?

The stock markets continue to see increased volatility as the tariff and trade war between the United States and China continues to heat up. We’ve quickly realized that one tweet, media story, or heightened news coverage can send the markets soaring or spiraling in a day.  Here’s a recent example of a tweet: The reality is that these negotiations are extremely difficult, and nobody really likes to see them be prolongated.  Think about the most difficult negotiations you have probably done in your lifetime which is the buying or selling of a home and how your emotions ran high over $10,000 or $20,000 of negotiations when someone asked you to repair a cracked window or a lock that didn’t work. We are in an unprecented $420 billion-dollar trade gap right now which really means we buy a lot more stuff from China than they buy from us.  The tariffs (which really are a tax) act as a way for us ...

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5 Valentine’s Day Gifts Under $50

Valentine’s Day is in the air and what will this mean to your wallet?  According to the National Retail Federation, 10 years ago more than 60% of adults planned to celebrate, but today that number has dropped to more than half.  Have we lost that loving feeling??  Despite the number of people who plan to participate, it is expected that sales top 20 billion this year for Valentine’s Day, and the average spend is targeting $161.96 per person by the time you throw in cards, candy, gifts, and entertainment.   So, if you are trying to continue your New Year’s Resolution and stick to a budget, what are some good ideas to have a great gift while not breaking the bank? Date Crate– Some of us have the hardest time coming up with an idea for a date night beyond eating out, the movies, or just grabbing a drink.  What Date Crate will do for you through a subscription service is ...

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Women Only Spend $49 On Valentine’s Day??

Valentine’s Day is here and The National Retail Federation (NRF) says Americans will spend nearly $17.3 billion on Valentine’s Day this year.  The average guy expected to shell out about $108.38, according to a survey commissioned by the organization. Women say they’ll spend about half that amount at around $49.41 (On second thought women, I’ll just skip the Russell Stover- thanks anyway)  (source www.nrf.com) It’s true that Valentine’s Day gift giving is predominately led by men and what they spend on this holiday.   If you are trying to save some money this year, I figured it would be a good idea to provide you a few tips to still make the holiday fun without breaking the bank.    Apparently, women only need to spend $49.41 to keep the relationship going and men you need to be prepared to spend a Benjamin on the holiday.   Although somehow I think you’ll be spending a lot more especially if you add in a dinner. ...

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You Lost $24 Billion In 16 Days Mr. Government?

According to the USA Today (10/18/2013), the 16 day Government shutdown cost the economy jobs, delayed mortgages, and lost retail sales.  The numbers aren’t fully in yet, but it is purported to be at least 12 billion dollars and possibly as much as 24 billion dollars for the stalemate that took place in Washington, D.C. over the past several weeks. As a 22 year veteran financial advisor, you don’t advise someone to take out a Target store card right after they have maxed out their Sears and Nordstrom store cards.   We all know that piling up lots and lots of credit card debt is simply an unsustainable way to manage a financial budget.  What we all don’t know today is when the balloon will burst. It’s not a smart money move to lose 12 billion, let alone 24 billion, but I’ve come up with my list of things that we could have done with 24 billion. We could have handed ...

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