One of the 5 P’s of Life is “Personal Finance” – your money. While money isn’t everything, it helps you achieve the lifestyle you want to live. Every Tuesday, we tweet personal finance tips to help you achieve your financial goals. Click here to follow us on Twitter. Below are some tips we tweeted last month.

Before taking out a student loan to pay for your child’s education calculate if you can afford the payment.

If you carry credit card debt, make a plan to pay it off this year.

As you plan on growing your family, make it a priority to develop a financial plan. 

Before entertaining at home, verify you have adequate liability protection.

If you want a prenup, provide full financial disclosure + encourage the other party to retain legal counsel. 

References for our personal finance tips are listed below – click on the title to go to the link.

Yes – I want more tips about money + life   

ABOUT US: Transition Planning & Guidance, LLC, (“TransitionPG®”) looks at all aspects of life using the 5 P’s of Life – personal relationships, personal finance, profession, peace of mind, and physical health. While money helps you achieve many goals, it’s not the only thing to consider when developing a financial plan. Our mission is to help you define and achieve your financial, personal, and professional goals – especially during life transitions. Through our planning services and guidance plans, you take control of your money and life.  

REFERENCES:

The next victims of the student debt crisis: Mom and dad

Tackling Credit Card Debt

Parents, brace yourselves: Raising a child costs $233K

Social Host Liability: Entertaining at Home

Ensuring the Enforceability of Prenuptial Agreements