fbpx

10 Professionals That’ll Help You Maintain Your Finances During a Divorce

January 10, 2024 By Leave a Comment

Divorce is emotionally challenging while also having a significant impact on the personal finances of a couple. Getting the right pros is key to keeping your finances in check when you divorce. Amid the turmoil of a divorce, assembling a savvy support squad is crucial to safeguarding your personal finances.

1. Divorce Attorney

Almost 45% of first marriages in the U.S. end in divorce. Most couples engage a reputable divorce attorney who specializes in family law. Your lawyer will give you sound advice to make sure your money matters are safe and sound. Your lawyer will sort out matters like who gets what, alimony, and who the kids live with after you split.

2. Certified Divorce Financial Analyst (CDFA)

Consider hiring a CDFA, especially if your financial situation is complex. A CDFA can assess the financial implications of various divorce settlement options. A CDFA guides you through the maze of financial choices during a divorce, making sure you’re clued in on how each decision might play out down the road. Remember that an uncontested divorce in Pennsylvania means you can get divorced as soon as 90 days from when the complaint is filed and served. No matter what state you live in, there are rules a professional can help you follow.

3. Forensic Accountant

In cases where there are suspicions of hidden assets or financial misconduct, a forensic accountant can be invaluable. When suspicions arise about hidden assets or sketchy financial dealings, a forensic accountant’s knack for sifting through the numbers can shine.

4. Mediator

A mediator facilitates communication between divorcing parties, working towards a mutually agreeable settlement. Though they’re not there to offer legal counsel, mediators are key in helping you and your soon-to-be ex find some common ground, which can ease up the financial strain of splitting up.

5. Estate Planning Attorney

If your divorce involves updating or creating a will, living trust, or other estate planning documents, consult an estate planning attorney. Only four in 10 American adults have a will or living trust. They’ll make sure your final wishes shine through in the estate plan you’re crafting.

6. Tax Professional

Changes in marital status often have tax implications. Consult with a tax professional to understand how your filing status, deductions, and credits will be affected. A tax pro can walk you through what you might owe and show you how to plan for it.

7. Certified Financial Planner (CFP)

A CFP can assist in creating a post-divorce financial plan. A Certified Financial Planner guides you in mapping out a new budget, aiming for fresh financial targets, and choosing savvy investments tailored to your life after divorce.

8. Real Estate Appraiser

If real estate is part of your marital assets, engage a real estate appraiser to determine the current market value. Getting an accurate read on your property’s worth is key to splitting things fairly when you part ways.

9. Credit Counselor

In the thick of a divorce, getting help from a credit counselor can make all the difference in sorting out shared finances and setting up your independent economic life. When you split up, your shared accounts can take a hit on your credit score, so it’s crucial to stay on top of that. A financial counselor can offer help on controlling debt, starting your credit, and making sure you’re financially stable.

10. Child Support Specialist

When kids are part of the picture, it’s smart to talk with a child support expert who can help you navigate your personal finance options and make sure everything’s squared away fairly for their sake.

Splitting from your partner isn’t just emotionally taxing; it also comes with a maze of financial details that the right experts can help you sort through, making sure nothing gets overlooked. Building a team of experts who’ve got your back is key. They’ll steer you through the money maze and help lock down a solid financial game plan post-divorce.

Filed Under: Family/Friends

How to Find an Affordable Auto Mechanic in Your Area

January 9, 2024 By Leave a Comment

Dealing with an issue with your vehicle can be extremely stressful, especially if the problem occurs unexpectedly or if you are already dealing with debt in other areas of your life. When you need help from a professional and affordable mechanic, there are a few different routes to consider taking. The more familiar you are with local auto shops and mechanics near you, the easier it will be for you to find a suitable provider for your needs.

Consider Your Needs

Each year, the average individual pays around $356 in repair costs for their vehicle. Anytime you believe your vehicle needs repair work, it’s advisable to take a bit of time to research the estimated cost of the job. While a simple oil change may only require between $20 and $70, depending on the type of oil change you’re interested in, replacing a transmission or installing a brand-new battery will cost more and will vary based on your vehicle’s make and model.

Calculate the Cost of the Repair You Need

The average car or truck will have the ability to travel a distance of 150,000 and 200,000 miles before it requires a transmission repair or replacement, according to the Transmission Repair Cost Guide. You can research the estimated cost of repair work based on the component you may need to replace and labor costs near you by searching online ahead of time.

This will allow you to see a range of potential expenses you might encounter based on the extent of the work your vehicle requires. Whenever you are thinking of visiting a mechanic for the first time, it is also important to inquire about a quote before signing a work agreement or allowing them to begin the repair.

Ask Friends and Neighbors for Referrals

Currently, more than 600,000 professional mechanics are working in the U.S. today, according to Reimagining Education. If you are unsure of where to begin when you are searching for an affordable and trustworthy mechanic near you, turn to your family, friends, and even neighbors in the area who may be familiar with locations in your area. You can ask for referrals to feel much more comfortable once it is time for you to make a decision and schedule an appointment at a shop.

Use Local and Online Listings to Compare Mechanics in Your Area

One of the best ways to get to know more about local mechanics and auto shops near you is to do so on your own, online. Searching online for mechanics near you can be done with basic social media platforms, such as Facebook, as well as traditional search engines, such as Google. Using search engines can help you compare locations and reviews of mechanics and auto shops within minutes and with just a few clicks of the mouse.

When you are comparing auto shops and mechanics online, be sure to seek verified reviews and testimonials from clients in the past. Verified reviews provide valuable insight into the type of work you should come to expect from certain mechanics and shops in your community. In some cases, reviews may also include photos of completed work.

Use social media pages to gauge and compare the professionalism between mechanics in your city or town. Reference social media reviews, photos, and updates to find a location where you are most comfortable taking your vehicle.

Knowing how to go about finding an affordable mechanic in your area is a way for you to address the issues you’re experiencing with your vehicle without breaking the bank. Using both local and online resources, locate the ideal auto repair shop or mechanic near you who has an opening to take a look at your car or truck. The more familiar you are with the resources you have available to you, the less likely you are to encounter issues anytime you require help with your car or truck.

Filed Under: Budget

6 Reasons to Invest in Your Backyard Amenities

January 9, 2024 By Leave a Comment

If you’ve been eyeing your backyard, thinking it’s just a grassy spot to mow, think again. Your backyard is a treasure trove waiting to be uncovered for relaxation and as a solid investment in your home’s value and well-being. In this guide, we’re diving deep into the reasons why putting your money into sprucing up your outdoor space isn’t just a good idea; it’s a financial move that pays off.

1. Stress-Busting Sanctuary

Did you know that NPR shares that 84% of folks surveyed believe Americans are angrier today than a generation ago? Well, here’s where your backyard steps in as a superhero. Creating a haven outside your door is like having a secret weapon against stress and anger. Your green retreat is a place where you can unwind, soak in the sun, and let the troubles of the world melt away. It’s not just a backyard; it’s a stress-busting sanctuary.

2. Durability Trumps Bargains

Outdoor kitchens are the heart of backyard amenities. According to Forbes, when homeowners are on the hunt for outdoor kitchen goodies, durability takes the crown. Forget about snagging a bargain; it’s all about longevity. A whopping 66% of homeowners want their outdoor haven to handle the wear and tear of everyday life. And not far behind, 65% want it to be tough and resilient. Coming in third is cost, with 58% stating that it’s important, but not as important as durability.

3. Financially Savvy Investments

Let’s tackle the big ‘D’ word – debt. Are you worried about splurging in your backyard? Think of it as a financially savvy move rather than a burden. Your backyard isn’t just an expense; it’s an investment that pays off. The U.S. landscaping industry is a booming $176.5 billion market in 2023, according to Zippa. However, you shouldn’t think of upgrading your backyard as a debt.

Investing in your backyard isn’t just about making it pretty for your Instagram feed; it’s about diving into a colossal industry. When debating whether to put money into your outdoor haven, think about the green. This is the grass in your backyard and the green you could save and earn.

4. Boosting Property Value

Investing in your backyard isn’t just about your immediate happiness but the long game. Sprucing up your outdoor space can significantly boost your property value. Potential buyers don’t just look at the number of bedrooms or the kitchen; they want a package deal, and a well-maintained backyard adds serious appeal. It’s like giving your property an extra punch that sets it apart from the rest. When it comes time to sell, your backyard investment could translate into a higher selling price.

5. Family and Friend Retreat

Improving your backyard isn’t just an investment in property value. You should also think of it as an investment in family and friend time. Picture this: a cozy fire pit for chilly nights, a barbecue grill for summer feasts, and comfy outdoor seating for laughter-filled gatherings. Investing in your backyard is investing in memories. These are the kinds that make your home the go-to spot for family dinners, weekend BBQs, and impromptu get-togethers.

6. Health and Wellness Hub

Finally, let’s talk about your health, both physical and mental. Your backyard isn’t just an outdoor space; it’s a health and wellness hub. Studies have shown that spending time outdoors, surrounded by greenery, can lower stress levels, improve mood, and boost overall well-being. When investing in your backyard, you’re investing in your health.

Your backyard is a canvas waiting for your personal touch. It’s a stress-busting sanctuary, a financially savvy move, and a hub for making lasting memories. Whether you’re eyeing that cozy fire pit or dreaming of a lush garden, remember, investing in your backyard isn’t just about the present; it’s about creating a future filled with tranquility, joy, and financial savvy.

Filed Under: Family/Friends

6 Things You Should Be Doing Daily as a Business Owner

January 3, 2024 By Leave a Comment

If you’re a new business owner, you may be interested in knowing your odds of success. According to the U.S. Bureau of Labor Statistics, 2021 statistics revealed that 65% of new companies will fail during the first ten years. The same statistics cited 45% of the businesses cited had to involuntarily end operations during the first five years, while 20% were forced to close in their first two years. Here are some things business experts recommend you should do to even the odds of your company’s success.

1. Consider the Big Picture

While it may sometimes seem everyday stresses predominate your mind and direct your actions, you’ll be more motivated if you keep your company’s long-term goals in mind. Decide on an overall goal for your business. Whether you want to make enough to support a family, or if your business is a second source of income, what will it take to make the business meet that goal? By keeping your goal in mind, you can evaluate each business opportunity in light of whether it will help you get closer to your overall goal.

2. Evaluate your Financial Status

The most significant part of your business’s financial picture is your operational expenses. First, you should see if there are regular expenses that could be streamlined. Review any debt the company is currently carrying, and do some research into available interest rates for those loans. If there are better interest rates available, it makes sense for you to switch lenders.

3 Keep Your Employees Safe

All businesses have a responsibility to keep their employees safe, and that includes a fire protection system. According to the NFPA25 Code, visual inspections and functional testing of your fire protection are required to ensure the system is current and functional. Business managers should expect the fire protection inspections and testing to be scheduled monthly, quarterly, semi-annually, and annually. Once those system tests have been completed, they must be repeated at five and ten-year intervals.

4. Make Your Mark With Marketing

Your business will not reach its highest potential without growing your customer base. One of the most essential ways to promote your business is online – through your company’s website or through your social media presence. However, you should keep in mind you must also attract new local clients. Statistics show more than a third of customers discover local businesses when they see that business’s sign while they’re driving by.

5. Check In With Your Team Every Day

When you work with a team to accomplish a business goal, it can help you bond closely together. Each member of your team works with you for a reason, and you need to depend on them to accomplish their assigned role. By having a daily staff meeting – including a Zoom meeting for any remote employees, you can review each team member’s progress and any concerns they may have. When your team is able to work together harmoniously, your production activities can’t help but benefit from that togetherness.

6. Focus Your Efforts on Customer Service

Using exceptional customer service efforts can help your company stand out as a top contender in your industry. When you get an inquiry from either new or existing customers, answer the inquiry as quickly as possible. Customers may appreciate the quality of your products or services, but without an excellent customer support program, you won’t keep your customers for long. Whether you offer a loyalty program for repeat customers or offer a category of products available only to those repeat customers, your treatment of your customers can become part of your online corporate brand.

As a new business owner, you have an obligation to your customers, and to your coworkers. Producing quality products is just the beginning of your path to success. When you follow the guidelines above, you will find that success follows you as closely as your shadow.

Filed Under: Investing, Spending
« Previous Page
Next Page »