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Wealth Management Advisors Fargo ND

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.

Ms. Shannon M. Gephart, CFP®
(701) 280-5124
3137 32nd Ave South
Fargo, ND
Firm
Alerus Financial

Data Provided by:
Mr. Michael W. Smith, CFP®
(701) 232-7175
2601 12th Ave S Ste 2
Fargo, ND
Firm
Northwestern Mutual Financial Network
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Dennis A. Draeger, CFP®
(701) 232-8886
2731 12th Ave S
Fargo, ND
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Donald S. Meidinger, CFP®
(701) 476-8306
4310 17th Ave S
Fargo, ND
Firm
Eide Bailly LLP

Data Provided by:
Mr. Kevin J. Dekrey, CFP®
(701) 492-2413
2000 44th St S Ste 402
Fargo, ND
Firm
MORGAN STANLEY SMITH BARNEY
Areas of Specialization
Comprehensive Financial Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Wealth Management

Data Provided by:
Mr. Robert A. Bye, CFP®
(701) 476-8430
4310 17th Ave S
Fargo, ND
Firm
Eide Bailly Financial Services Fargo ND 58103
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $5,000,001 or more



Data Provided by:
Mr. Doyle A. Ranstrom, CFP®
(701) 293-5789
808 3rd Ave S
Fargo, ND
Firm
Ranstrom Financial Planning
Areas of Specialization
General Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Ms. Mona Tedford, CFP®
(701) 492-2632
1444 45th St S
Fargo, ND
Firm
Bremer Trust
Areas of Specialization
Investment Management

Data Provided by:
Ms. Ronda M Zupi, CFP®
(701) 235-9858
1900 44th Street South
Fargo, ND
Firm
AgCountry Farm Credit Services

Data Provided by:
Mr. Michael Anthony Mathias, CFP®
(701) 893-3707
2601 12th Ave S Ste 2
Fargo, ND
Firm
Northwestern Mutual Wealth Management Company
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
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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!


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