Wealth Management Advisors North Pole 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. Benajmin E. Roth, CFP®
(907) 374-0487
907 University Ave
Fairbanks, AK
Firm
SBS Retirement Consultants, LLC

Data Provided by:
Walter F. Coulter, CFP®
(907) 479-3000
1300 Washington Dr Ste 200
Fairbanks, AK
Firm
First Command Financial Planni
Areas of Specialization
General Financial Planning, Government and Military, Investment Management, Long-Term Care, Retirement Planning, Sudden Wealth Management

Data Provided by:
Wells Fargo - Cushman
(907) 459-4300
613 Cushman St
Fairbanks, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Wells Fargo - Bentley
(907) 459-4361
40 College Rd
Fairbanks, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Vonna Husby and Assoc., LLC/Raymond James
(907) 374-9270
610 Cushman Street, Suite 103
Fairbanks, AK
 
Mr. Christopher R. Keyes, CFP®
(907) 452-6393
121 Spruce St
Fairbanks, AK
Firm
Younker-Keyes & Assoc Inc
Areas of Specialization
Investment Planning, Retirement Planning

Data Provided by:
Wells Fargo - North Pole
(907) 488-7507
381 S Santa Claus Ln
North Pole, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Wells Fargo - Gaffney
(907) 459-4373
620 Gaffney Rd
Fairbanks, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Wells Fargo - University
(907) 474-4100
794 University Ave
Fairbanks, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Collin Todd, CFP®
(907) 209-6196
114 S Franklin St Ste 202
Juneau, AK
Firm
New Outlook Financial, LLC
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Employee and Employer Plan Benefits, Estate Planning

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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