Drake & Associates Blog

04Jan 2016

Is your New Year’s resolution to be better with your money? For so many of us, our resolutions about budgeting, spending and saving turn into epic fails year after year. Financial professional Tony Drake talks with Milwaukee’s WTMJ about 5 common reasons budgets fail: 1. Your Goal Isn’t Clear 2. You’re Using the Wrong Numbers […]

29Dec 2015

The holiday season is leaving many shoppers with holiday debt! In the video below, financial professional Nick Foulks talks with Milwaukee’s FOX 6 about 5 steps to reduce and pay-off the holiday hangover. 1. Get Organized 2. Go Lean 3. Build Momentum 4. Get a Lower Rate 5. Look to the Future Click here for […]

15Dec 2015

Online shopping is growing in popularity. In the video below, financial professional Mike Williams talks to Milwaukee’s WTMJ about 5 tips to save you money when buying online. 1. Shop Around 2. Hunt for Coupons 3. Sign up for Emails 4. Get Free Shipping 5. Be Patient To comparison shop, use PriceGrabber.com or Savings.com PriceJump. […]

09Dec 2015

The gift card is the top item on everyone’s Christmas wish list this year — Americans will spend nearly $32 billion! Financial Professional, Nick Foulks, talks with Milwaukee’s WTMJ-4 about how to avoid fees, fakes and fraud. Click here to compare gift cards from retailers, restaurants, airlines and gas stations on Bankrate.com.

01Dec 2015

Charitable giving is at an all-time high! Americans gave $358 billion dollars to charities in 2014. Financial professional Nick Foulks talks with Milwaukee’s FOX6 about 5 steps to make the most out of holiday donations: Click here for a list of charities eligible for tax exempt status by the IRS. Click here to see how […]

01Dec 2015

We have a tendency to over-do it at the holidays — too much eggnog, sweet treats and shopping. A new survey found 62% of parents admit to overspending at the holidays. That may not be surprising, but the way they are funding their fun should be. Many are dipping into emergency funds or raiding retirement […]

23Nov 2015

After the turkey is carved and the pecan pie is all gone, 140 million Americans will take part in another Thanksgiving weekend tradition – shopping. Financial professional Nick Foulks talks with Milwaukee’s FOX6 about 5 steps to prepare: Click here for a Holiday Budget Worksheet. Click here for a list of price comparison apps.

17Nov 2015

Parents need to discuss family finances with their adult children. Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about how to start that conversation and what topics should be covered: 1. Legal 2. Healthcare 3. Income & Expenses 4. Financial Records Click here for a checklist of important financial information that you should make sure […]

10Nov 2015

What’s worse than things that go bump in the night? Phones that ring at dinner time! Financial professional Mike Williams talks with Milwaukee’s WTMJ-4 about a new financial fright, called “phantom debt” and what to do if you are contacted: — Do not provide personal information — Ask for contact information — Contact your creditor […]

02Nov 2015

This week in Washington brings huge budget changes and greatly impacts millions of Americans and their finances – more specifically, those planning to take Social Security benefits. Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about the changes.

30Oct 2015

Why do couples fight? Most often, it’s about money. Financial professional Nick Foulks talks with Milwaukee’s FOX6 about the most common arguments for parents and expecting couples. — Moms going back to work (30%) — Saving for kids’ education (20%) — Cost of toys and entertainment (16%) — Cost of childcare (14%) Click here for […]

27Oct 2015

Ever wonder where your extra cash is going? Financial professional Nick Foulks talks with Milwaukee’s WTMJ-4 about scary money mistakes many of us are making. 1. Credit Card Payments 2. Energy Errors 3. Social Security Mistakes 4. Unused Gift Cards 5. ATM Fees Click here for an online interest rate calculator. Put your extra cash […]