Posts by ROSEMONT ADVISORS

4 Mistakes That People Make When Budgeting Money

Posted by on Mar 10, 2016 in Articles, Uncategorized

Now that a new year is here, one of your financial resolutions may be to develop a budget so you can stay on track with your finances. Everyone should have a budget, but this is especially important if you’ve been living paycheck to paycheck. Getting a budget in place is a good start. However, if you’re not careful, you could end up busting your budget soon after you set it. Here are four things you should not do when developing a budget. Not keeping track of spending Before you set up your budget, you should track how much you spend for at least 30 days. That means everything from your...

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5 Warning Signs You’re Headed for Financial Disaster

Posted by on Mar 8, 2016 in Articles, Uncategorized

Financial problems have a way of sneaking up on you. At first you may start borrowing money to make a purchase or using your credit cards a little too often. Before you know it, you’re facing a mountain of debt. You may be content with denying you have a problem with managing money. However, burying your head in the sand will catch up to you if you don’t take the proper steps get things under control. Here are a few signs you’re headed for financial disaster. You often borrow money from friends and relatives Many of us run into a financial snag from time to time, but if you find yourself...

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How Anger Can Hurt Your Finances

Posted by on Feb 19, 2016 in Articles, Uncategorized

Your emotions are useful for expressing yourself and alerting you to dangerous situations. However, one emotion, anger, can have a negative impact on your financial health. When not managed in a constructive way, anger has a way of consuming you and impacting every area of your life. Unfortunately, angry feelings can sometimes result in poor financial management. Financial expert Joan Sotkin says unresolved anger can keep you from being prosperous. “If you’re serious about changing your financial position, it’s essential that you deal with anger that is hidden deep inside of you and will...

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5 Tips for Better Spending Habits

Posted by on Feb 17, 2016 in Articles, Uncategorized

While 2016 is in full swing, if you haven’t thought about a resolution yet, don’t give up. Maybe it’s time to make one that has the potential to stick. If you’re often wondering how money slips out of your wallet, consider becoming the crash test dummy for better spending habits. Test drive some of these ideas below to develop better ones. Be your own cheerleader. Patting yourself on the back after following through on a behavior you want to increase goes a long way to help cement a behavior. Ginger Dean, psychotherapist and website owner of...

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3 Money Talks to Have with Your Significant Other

Posted by on Feb 11, 2016 in Articles, Uncategorized

For Shanice Miller, something just didn’t quite add up about her ex-beau’s finances. When she would suggest they eat at $10- or $15-per-plate eateries, his reaction was as if she’d insisted they go to fancy five-star restaurants. And in order to take a trip to California, he had to scrimp and save for a full year. Although that wouldn’t seem out of the norm for someone on a tight budget, he made $75,000 a year, wasn’t paying much to rent his room, and seemed to have few other major expenses—at least that she knew of. “He told me I was ‘breaking his budget’ because we were going out on dates....

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