Tag Archives: savings

Americans went on a spending spree in 2017, racking up the most credit card debt since before the Great Recession. For the first time in history, we now owe more than $1 trillion on our credit cards! Financial advisor Brad Allen talks with Milwaukee’s WTMJ-4 to discuss 4 tips for paying off debt:   1. […]

Home loans often make up significant amounts of household debt, and reducing as much debt as possible before entering retirement can seem like a promising idea. But, as with many other financial questions, there is no precise answer; it all depends. The Consumer Financial Protection Bureau estimates that 30% of homeowners 65 and older—about 6.5 […]

Our wallets are feeling a tighter pinch this year! From health insurance to grocery bills, a number of things are costing us more in 2017. Most Americans have less than $1,000 in savings, and a good chunk of people have no savings account at all. That’s dangerous territory when the next expensive car or home […]

Are you making mistakes with your 401(k)? The scary reality is that 75% of American workers believe they’ll outlive their savings, according to a study. But it doesn’t have to be that way. Many of us are making some basic mistakes with our 401(k)s that could end up costing us a bundle by the time […]

It doesn’t hurt to ask; a little haggling could add up to big savings. Financial professional, Nick Foulks, talks with Milwaukee’s FOX-6 about 5 bills you may not know you should negotiate: 1. Dry Cleaning 2. Credit Cards 3. Furniture 4. Phone, Internet & Cable 5. Medical Bills Click here to calculate how much you […]

Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about how 20-somethings can spend wisely and save money. Watch the video below! Forgetting to establish a credit history. Click here to find your free credit report. Taking out too many high interest credit cards Going for a graduate degree. Click here to read more about how to […]

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 […]

There’s a disconnect when it comes to couples and their finances! Even though the majority of couples think they’re doing a good job of communicating, many don’t know the basics of their finances. Certified Financial Planner, Tony Drake talks with Milwaukee’s WTMJ-4 about the topics all couples should discuss. Click here for a retirement calculator […]

The majority of families got an “F” when it comes to knowledge about 529 college savings plans. About two-thirds of people answered wrong when they were asked what a 529 plan is. Financial professional Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about what 529 college savings plans are, and how parents can use them to […]

Ever feel like you’re living in your own version of the movie “Groundhog Day” — making the same money mistakes again… and again… and again? Well, breaking the cycle may be easier than you think!  CERTIFIED FINANCIAL PLANNER™ Tony Drake talks with Milwaukee’s WTMJ-4 about the money mistakes you should avoid and ways to break the […]