It is always good to know the financial commitment of owning a pet BEFORE you make the commitment. The old song asks, “How much is that doggie in the window?” Well, let’s ask Paul Fain, president of Asset Planning Corporation to weigh in on dog ownership and our household budgets. PAUL, THIS HITS HOME WITH
“The best laid schemes o’ mice an’ men gang aft agley (oft go astray),” quoted from a Robert Burns poem, is often used to describe the futility of making detailed plans when our ability to execute said plans is uncertain. Market volatility can certainly trigger behavioral responses that are detrimental to our financial plans. Sometimes
In bygone days, the term “hot mess” referred to a soldier’s meal. My father-in-law would have coveted a hot mess as he crawled across Europe in the winter of 1944. On one cold night, he was hiding from a Panzer tank patrol in the bottom of an outhouse latrine, but that was a different hot
Working Together for Financial Success was originally published in the Knoxville News Sentinel As the year-end approaches, I asked my wife to join me at the kitchen table to review our money history and current financial plan. We discussed the following questions: What is your “grade” for the 2015 Fain Financial Plan? (Tina): “A” because
How is your nest egg? If you do not have the savings that you want to have and/or do not have a plan to get there, perhaps a different approach is in order. It has occurred to me that whenever there is an emergency we drop everything else and focus on that event or problem.
With the debate over the U.S. government debt, the debt woes in the Eurozone, and talk of a double-dip recession–not to mention protestors camping out on Wall Street–suddenly fairly complex economic issues are showing up in the mainstream news. In our own conversations with clients, we recognize that sometimes the lingo used in the financial
Penny-Pinching Consumers The economy has spurred Americans to save money any which way they can. Here’s where we’re pinching pennies: Purchasing more generic brands 63% Brown-bagging lunch 45% Going to the hairdresser or barber less 39% Cancelling one or more magazine subscriptions 33% Cutting down on dry cleaning 22% No longer purchasing morning coffee 21%