Wealth Management Advisors Eagle River AK

I hope you can help. What does an independent, savvy single woman do when most of her single income is tied up in a mortgage and living costs? On the one hand it's great to be financially independent, but it doesn't leave anything left over to socialize and meet potential partners. Any advice would be gratefully appreciated.

Mr. Edwin H. Chan, CFP®
(907) 330-8338
4300 Boniface Parkway
Anchorage, AK
Firm
Alaska Housing Finance Corp

Data Provided by:
Mr. Matthew D. Blattmachr, CFP®
(907) 278-6775
1029 W 3rd Ave Ste 400
Anchorage, AK
Firm
Alaska Trust Company
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided by:
Brian Pinkston, CFP®
310 K St Ste 200
Anchorage, AK
Firm
Bright Road Wealth Management
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Planning

Data Provided by:
Ms. Laura G Bruce, CFP®
(907) 440-2256
900 W. 5th Ave. Ste. 601
Anchorage, AK
Firm
Alaska Permanent Capital
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Elder Care, Estate Planning, Investment Management

Data Provided by:
Mr. James G. Thiele, CFP®
(901) 562-2658
2524 Azurite Ct
Anchorage, AK
Areas of Specialization
Employee and Employer Plan Benefits, Investment Planning, Retirement Income Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mr. Stephen J. Heavey, CFP®
(417) 461-0347
5432 E Northern Lights Blvd
Anchorage, AK
Firm
Financial Planning Center Inc
Areas of Specialization
Divorce Issues, Elder Care, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Life Planning, Real Estate
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Jeffrey N. Gaylard, CFP®
(907) 257-5289
701 W 8th Ave Ste 900
Anchorage, AK
Firm
New York Life Insurance Company

Data Provided by:
Bryan Michael Anderson, CFP®
(907) 272-2444
731 I St Ste 202
Anchorage, AK
Firm
Edward Jones Investments
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Planning, Securities
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Wayne M. Pichon, CFP®
(907) 258-6565
3900 C St Ste 502
Anchorage, AK
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Jason J Longlet, CFP®
(907) 263-5716
2550 Denali Street
Anchorage, AK
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Education Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Data Provided by:

So Many Living Expenses There's no Money Left for my Life!

Q: I hope you can help. What does an independent, savvy single woman do when most of her single income is tied up in a mortgage and living costs? On the one hand it's great to be financially independent, but it doesn't leave anything left over to socialize and meet potential partners. Any advice would be gratefully appreciated... -KLM, Australia


 

First congratulations for being a home owner! That is very savvy of you. With that being said, you don't want to be in a situation where your finances are so tight there is no room to breathe or socialize!

Start by coming up with a realistic number of how much extra you need a month. Once you have that number, you can start looking for it in other places in your budget. Perhaps you can bring your lunch to work, so you have extra money to go out at night. Or maybe you don't need your cable TV or other monthly subscriptions we tend to forget about. You can also carpool to work to help with commuting costs.

The next place to examine is your fixed expenses. Do you have a gym you aren't using? Or are your car payments too high? If so, consider a less expensive model. If you carry credit card debt, the interest payments can really weigh you down as well. Deal with the debt and eliminate it as fast as you can.

On a final note, if your mortgage is too much to handle right now, perhaps you need to refinance and get a better rate. Or consider moving to another home where your payments will be less.

These are all great habits to integrate whether you are single or in a relationship!


Set as favorite Bookmark Email this Comments (0) Add Comment feedSubscribe to this comment's feed
Write comment You must be logged in to post a comment. Please register if you do not have an account yet. busy

Click here to read more from Single Edition