What to Expect When Expecting- The Retail Version

BabymoneyAs a parent-to-be, it’s difficult to feel sure about what you’re doing, and you want to do what’s best for your child. The result of the desire to do what’s best for your new baby is, too often, buying a pile of things that aren’t actually needed. According to the USDA, the average cost to raise a child to the age of 18 is $245,000. This includes costs like housing, transportation, child care, and food. And, of course, the spending often starts before baby even arrives. Many babies arrive home to carefully outfitted nurseries and plenty of ... KEEP READING

Ignorance is Not Bliss, 3 Things You Need to Know

headinsandLife is busy. Depending on your life stage, not only do you need to focus on your career, but you also have family, finances and building a future to consider. With such a full plate, it can be easy to focus on things you are knowledgeable about while allowing other things you feel less informed of to fall by the wayside. If you’re hoping those things will take care of themselves without your guidance or that they magically won’t matter since they’re off your radar, you could be in for a rude awakening. Ignorance or avoidance might work for some things, but for many financial issues it’s simply not a solution. Knowledge is ... KEEP READING

Millennials Have Goals, But Lack Comprehensive Financial Plan

76% of respondents would utilize online solutions for advice

  Nashville, Tenn., April 7, 2015 -- iQuantifi, a virtual financial advisor that provides comprehensive, goal-based planning advice to millennials and young families, announced today the results of its first annual survey on the financial habits of millennials, finding that while almost three quarters (72%) set financial goals, very few (20%) have a plan to achieve those goals. The Millennial Money Mindset Survey, conducted in partnership with Middle Tennessee State University, also revealed that most millennials ages 21-34 seek financial advice from a family member (71%) or friend (45%). Only 29% of respondents said they have sought advice from a professional, such as a traditional financial adviser. Millennials are interested in using online solutions to plan their futures, with 76% saying they would consider utilizing a free ‘app’ or online tool to ... KEEP READING

Could You Handle a Financially Stressful Situation?

MoneyKnotAfter the financial crisis of 2008, the word “stress test” popped up on the radar. Regulators like the Federal Reserve and the European Central Bank started conducting high-profile stress tests of big banks to get an idea of how well these banks could handle economic stress. When it comes to your own family finances, you should consider a stress test as well. Could your finances handle a financially stressful situation such as a job loss (or big cut in hours), major medical catastrophe, or a bigger-than-expected tax bill? You never know what might be around the corner, from the need to replace a major appliance in your home to an expensive car repair. As you evaluate your ... KEEP READING

Understanding the Pros and Cons of For-Profit Colleges

john_belushi_collegeWhile there has been some thought about the power of a college education, there is no mistaking the necessity of one to obtain a higher-paying job. In a recent Pew Research study, it shows Millennials who have a college degree earn on average $17,500 more per year than those with just a high-school diploma. They also earn $15,500 more than those with a two-year associates degree. While it’s been difficult for many millennials to get a job, having a college degree gives them the ability to earn more, but at what cost? The average student loan debt ... KEEP READING

How To Reconcile Money Differences With Your Significant Other

My husband and I have different priorities when it comes to spending money. I enjoy travel and experiences. He prefers at-home FinanceLoveentertainment and collecting high-quality action figures. Sometimes, when my husband looks at my spending choices, he becomes frustrated because it means that he can’t buy the latest to-scale figure from a movie. I occasionally look at his stack of Funko Pop figures and convert them into a trip to Europe. Reconciling differences with your significant other, whether it’s about what to invest in, how to set up a budget, or where discretionary income should go, can be difficult. Money is a subject that comes with emotional baggage, and reconciling differences with your significant other requires ... KEEP READING

iQuantifi’s Planning Technology Recognized with Bank Innovation Win and Selection to Plug and Play Accelerator

Nashville, Tenn., March 5, 2015  -- iQuantifi, a virtual financial advisor that enables banks and other financial institutions to provide automated, personalized and comprehensive financial advice, today announced it was voted Best in Show at the Bank Innovation 2015 DEMOvation Challenge and was also selected to participate in Plug and Play’s FinTech Accelerator program. Bank Innovation 2015 showcased innovations in the financial services space from fintech companies that are changing the way institutions and customers manage and interact with their finances. iQuantifi’s goal-based approach to managing finances resonated with the audience of banking professionals, who voted iQuantifi Best in Show. iQuantifi has also been selected from more than 850 start-up applicants to participate in Plug and Play’s three month FinTech Accelerator. Plug and Play’s partners include Citi Ventures, USAA, Capital One, Intuit, and JCB. The program is designed to enable high-tech startups to foster ... KEEP READING

Its Tax Season! Which Documents Stay and Which Can Go?

Documents You Should KeepHand with an inscription "Help!" over a pile of documents

One area many people struggle with when it comes to taxes is which documents should they keep and what should they dispose of. We’re here to make this a little easier and share with you what should stay and what can go!  Let’s start with the documents you should keep. Medical Expenses Often forgotten are medical expenses which people incur each and every year. Did you know you can deduct some of your medical expenses?  Most medical ... KEEP READING

Should You Ever Co-Sign or Get a Co-Signer?

With our consumer focus on credit, it should be no surprise that a good credit score is a must for anyone. Good credit scores areCosign necessary for loans, but they can also help with lower insurance rates, rental applications, and even employment. Good credit provides more opportunities than bad credit. So, what do you do when your credit is less than stellar or you have no credit at all? One solution is co-signing.

What is Co-Signing?

Co-signing is a process where one person signs as the guarantor on another’s loan or agreement. This is applicable when the original applicant doesn’t have good credit history or very ... KEEP READING

How to Teach Kids About Money

parents-talking-to-kids-about-money_725x377-1365627520 Teaching your child(ren) about money can be one of the most loving things you can do as a parent. If you want to begin introducing money matters to your child but aren’t sure where to begin, the following tips should help you get started.

There Is No Set Age To Start

There is no set age as to when you should start talking with children about money; it really depends on the child. Typically though, somewhere between the ages of five and seven is a good time to get started.  That’s in part because right around this age they’ll start receiving ... KEEP READING