Wealth Management Advisors Mitchell SD

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. Michael L. Lebrun, CFP®
(605) 996-7171
1716 N Sanborn Blvd
Mitchell, SD
Firm
Dice Financial Services Group
Areas of Specialization
Asset Allocation, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Healthcare Planning, Insurance Planning, Investment Management

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Mr. Thomas J. Dice, CFP®
(605) 996-7171
1716 N Sanborn Blvd
Mitchell, SD
Firm
Dice Finl Svcs Group

Data Provided by:
US Bank - Mitchell SD Office
(605) 996-5814
1421 N Main
Mitchell, SD
Drive Up Hours
Mon 08:30 am to 05:30 pm
Tue 08:30 am to 05:30 pm
Wed 08:30 am to 05:30 pm
Thur 08:30 am to 05:30 pm
Fri 08:30 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Richard Kahler
Kahler Financial Group
(605) 343-1400
1010 9th Street, Suite 1
Rapid City, SD
Expertises
Real Estate Investments, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFP

Mr. Michael Leslie Moore, CFP®
(605) 642-7736
PO Box 699
Spearfish, SD
Firm
Lantis Enterprises Inc

Data Provided by:
Mr. Robert E. Young, CFP®
(605) 996-5910
719 N Main St
Mitchell, SD
Firm
Raymond James Financial Serv

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Mr. Jerauld J. Garry, CFP®
(605) 996-7171
321 W 14th Ave
Mitchell, SD
Firm
Dice Financial Services Group

Data Provided by:
Wells Fargo - Mitchell
(605) 995-3500
403 N Lawler St
Mitchell, SD
Type
Branch
Office Hours
Mon-Fri 08:30 AM-05:00 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Daniel Lynn Freese, CFP®
(605) 339-8729
141 N Main Ave Ste 601
Sioux Falls, SD
Firm
USBancorp
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues

Data Provided by:
Mr. Robert J. Gunderson, CFP®
(605) 225-0104
308 S Main St
Aberdeen, SD
Firm
Investment Centers of America

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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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