Wealth Management Advisors Fishers IN

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.

Gary Pittsford
Castle Wealth Advisors, LLC
(317) 849-9559
9820 Westpoint Drive, Suite 200
Indianapolis, IN
Expertises
Planning Issues for Business Owners, Charitable Giving - Trusts & Foundations, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Michael Kalscheur
Castle Wealth Advisors, LLC
(317) 849-9559
9820 Westpoint Drive, Suite 200
Indianapolis, IN
Expertises
Retirement Planning & Distribution Rules, College/Education Planning, Tax Planning, Estate & Generational Planning Issues, Planning Issues for Business Owners, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, CFP®

Susan Elser
Elser Financial Planning
(317) 823-5999
10752 Tallow Wood Lane
Indianapolis, IN
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Estate & Generational Planning Issues, College/Education Planning, Planning Issues for Business Owners, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

Kathleen Hartman
Greenleaf Financial Group
(317) 576-1727
6525 E. 82nd St., Suite 212
Indianapolis, IN
Expertises
Ongoing Investment Management, Hourly Financial Planning Services, Retirement Planning & Distribution Rules, Middle Income Client Needs, Planning Issues for Unmarried & Same-Sex Couples, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

John Miley
Ronald Blue & Co., LLC
(317) 582-0700
9229 Delegates Row, Suite 450
Indianapolis, IN
Expertises
High Net Worth Client Needs, Estate & Generational Planning Issues, Ongoing Investment Management, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, CPA, PFS, MTX

Jeffrey Moheban
Avalon Wealth Advisory, Inc.
(317) 814-4790
9775 Crosspoint Boulevard, Suite 110
Indianapolis, IN
Expertises
Planning Issues for Business Owners, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA/PFS

William Howell
Howell Financial Advisors, Inc.
(317) 877-8000
176 W. Logan Street
Noblesville, IN
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Women's Financial Planning Issues, Helping Clients Identify & Achieve Goals, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA

Jennifer Hartman
Greenleaf Financial Group
(317) 576-1727
6525 E. 82nd St., Suite 212
Indianapolis, IN
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Hourly Financial Planning Services, College/Education Planning, Planning Issues for Unmarried & Same-Sex Couples, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, CFS, MFA

Paul Coan
Wealth Planning and Management, LLC
(317) 577-4426
3815 River Crossing Parkway Suite 100
Indianapolis, IN
Expertises
High Net Worth Client Needs, Advising Medical Professionals, Estate & Generational Planning Issues, Cash Flow/Budgets/Credit Issues, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

Brad Cougill
Deerfield Financial Advisors, Inc.
(317) 469-2455
8440 Woodfield Crossing Boulevard, Suite 360
Indianapolis, IN
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

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