by Mike Colburn | Apr 8, 2015 | Educational Articles
What is debt management? As a modern consumer, you need credit. When you were growing up, you may have heard your parents or grandparents say, “If you can’t pay for it with cash, then you can’t afford to buy it.” That may have been sound advice...
by Mike Colburn | Mar 30, 2015 | Educational Articles
Ask your five-year old where money comes from, and the answer you’ll probably get is “From a machine!” Even though children don’t always understand where money really comes from, they realize at a young age that they can use it to buy the...
by Mike Colburn | Mar 25, 2015 | Educational Articles
What is a cash reserve? A cash reserve is a pool of funds (and sometimes credit) that you hold in a readily available form to meet emergency and other highly urgent, short-term needs. Sometimes, it is referred to as an emergency or contingency fund....
by Mike Colburn | Mar 22, 2015 | Educational Articles
You can use a variety of strategies to pay off debt, many of which can cut not only the amount of time it will take to pay off the debt but also the total interest paid. But like many people, you may be torn between paying off debt and the need to save for retirement....
by Mike Colburn | Mar 22, 2015 | Educational Articles
Setting investment goals Setting goals is an important part of financial planning. Before you invest your money, you should spend some time considering and setting your personal goals. For example, do you want to retire early? Would you like to start your own business...
by Mike Colburn | Mar 22, 2015 | Educational Articles
Saving builds a foundation The first step in investing is to secure a strong financial foundation. Start with these four basic steps: Create a “rainy day” reserve: Set aside enough cash to get you through an unexpected period of illness or...
