Wealth Management Advisors Jackson MS

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.

John Bergland, Jr.
Bergland Wealth Management, Inc.
(601) 956-5181
PO Box 1318
Ridgeland, MS
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Advising Medical Professionals, Ongoing Investment Management, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, M.Div.

Dennis K White, CFP®
(601) 960-5070
2506 Lakeland Dr Ste 608
Flowood, MS
Firm
Strategic Wealth Management Group, LLC
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $250,001 - $500,000



Data Provided by:
Mr. Carl R Easley Jr., CFP®
(601) 992-4101
420 Liberty Park Ct Ste A
Flowood, MS
Firm
Easley Investment Consultants
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Danny R. Matthews, CFP®
(601) 856-3825
579 Lakeland East Dr Ste A
Flowood, MS
Firm
Financial Strategies Group Inc
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Mr. Robert L. Hughes Jr., CFP®
(601) 977-4209
PO Box 1972
Jackson, MS
Firm
Southern Farm Bureau Life
Areas of Specialization
Business Succession Planning, Estate Planning, Insurance Planning, Long-Term Care, Retirement Planning

Data Provided by:
Tiffany Ballard
Bergland Wealth Management, Inc.
(601) 956-5181
PO Box 1318
Ridgeland, MS
Expertises
Cash Flow/Budgets/Credit Issues, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®

Mr. Sammy T. Dean, CFP®
(601) 856-3825
579 Lakeland East Dr
Flowood, MS
Firm
Financial Strategies Group Inc

Data Provided by:
Mr. Blake T. Headley, CFP®
(601) 720-4357
132 Riverview Dr Ste D
Flowood, MS
Firm
BlackSummit Financial Group, Inc

Data Provided by:
Mrs. Erica S Stutzman, CFP®
(601) 914-2116
15 River Bend Pl Ste A
Jackson, MS
Firm
Northwestern Mutual

Data Provided by:
Mr. Scott T Marshall, CFP®
(601) 714-1668
2630 Ridgewood Rd Ste F
Jackson, MS
Firm
Marshall Financial Planning, LLC
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Planning, Life Planning, Retirement Income Management

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!


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