Spectrum Management Blog

By Spectrum Management Group | July 24, 2017

What the Decline in the U.S. Dollar Means

The value of the dollar has fallen steadily since the beginning of 2017. To take one example, the number of euros that can be obtained for one dollar has declined to the lowest level in more than a year. The dollar has also declined against the Brittish pound, the Japanese yen and the Chinese renminbi.

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Topics: Consumer Sentiment, Economy, Personal Finance

By Spectrum Management Group | June 16, 2017

Why Kids Should Stash Summer job Cash in a Roth IRA

A summer job is the perfect opportunity for parents to introduce kids to some smart money habits, such as saving. And there's a good case to be made for putting at least a portion of each paycheck in a Roth individual retirement account.

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Topics: Personal Finance, children, saving

By Spectrum Management Group | June 2, 2017

Free Time This Summer? Some Simple Tips to Tend to Your Long-Term Financial Goals in Minutes

In the contest between pressing, immediate needs that require tending right away and our longer-term wishes, today's to-do list usually wins. It's just too easy to put off the things that require less attention now. If you have a day off from your regular routing as summer begins, consider using that break - or just part of it - to nurture a bit of longer-term thinking.

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Topics: Financial Planning, Spending, Personal Finance

By Spectrum Management Group | May 12, 2017

Your Money - How to Win the Family Data Usage Battle

If it were possible to develop Post-Traumatic Stress Syndrome because of texts from your mobile provider, Brett Anderson would be suffering from it.

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Topics: Financial Planning, Spending, Personal Finance

By Spectrum Management Group | May 5, 2017

Teach your Kid Responsibility: Help them Start a Business this Summer

There are millions of stories of children who make money during their summer vacation. When you were a kid, you probably did the same thing. Maybe you did chores around the house, or things for your neighbors. Whatever you did, you looked forward to that cold, hard cash you got at the end of the week.

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Topics: Financial Planning, behavior, Personal Finance, children

By Spectrum Management Group | April 18, 2017

Financial Spring Cleaning: Are you Asking for Trouble with Paperless Credit Card Statements?

 

When it comes to tracking your spending, credit card statements are often a crucial (but mundane) part of that. It is by combing through statements where you might catch billing mistakes or spot mysterious charges that could indicate fraud or identity theft.

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Topics: Consumer Sentiment, Spending, Personal Finance

By Spectrum Management Group | March 23, 2017

Video: Delayed Gratification is the Key to Financial Success

"Make Your Kid a Money Genius (Even if You're Not): A Parents' Guide for Kids 3 to 23 author Beth Kobliner shares the best traits you should teach your kids. In this video Kobliner emphasizes the importance of teaching your kids delayed gratification.

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Topics: Financial Planning, behavior, Personal Finance, children

By Spectrum Management Group | March 9, 2017

Working Longer May Benefit Your Health

Are there health benefits to staying in the work force longer? The scientific research is inconclusive, though it tends to tilt toward "yes."

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Topics: Retirement, Financial Planning, Well Being, behavior, Personal Finance

By Spectrum Management Group | February 9, 2017

Video: The Most Important Money Lesson You Should Teach Your Kids

As a parent, its difficult to navigate the toy store or the candy aisle at the grocery store -- the inability to say "no" -- and mean it - could be setting children up for self-control problems and a world of financial pain.

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Topics: Spending, behavior, Personal Finance

By Spectrum Management Group | December 6, 2016

When One Adult Child Needs More Help Than Another

Many parents wish to offer their adult children financial assistance when they need it, but what do they do when one child's monetary difficulties are greater than the other? How do you ensure that the child in need is covered, whether through cash infusions at the present or later, through provisions in your will? And if you do help that child more, should you let the other child or children know about the additional assistance you've offered? If you're interested in learning about handling money problems with your adult children, read more here. 

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Topics: Estate Plans, Personal Finance

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