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Wealth Management Advisors Roy UT

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. Brett N. Karras, CFP®
(801) 825-3000
4695 S 1900 W
Roy, UT
Firm
The Karras Company, Inc.
Areas of Specialization
Comprehensive Financial Planning

Data Provided by:
Mr. J. Scott Cannon, CFP®
(801) 525-2300
1412 S. Legend Hills Dr. st. 230
Clearfield, UT
Firm
Nortwestern Mutual

Data Provided by:
Mr. Brett M. Alexander, CFP®
(801) 627-0252
P.O. Box 708
Ogden, UT
Firm
Cash Flow Investment Services L.L.C.

Data Provided by:
Mr. Calvin Don Welling, CFP®
(801) 399-5409
2225 Washington Blvd
Ogden, UT
Firm
Heritage Financial Group Inc
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Jeff Von Colln, CFP®
(801) 479-5254
204 25th St
Ogden, UT
Firm
LPL Financial
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Rory Richard Peterson, CFP®
1412 S Legend Hills Dr #336
Clearfield, UT
Firm
Ameriprise Financial Services, Inc.

Data Provided by:
Mr. Steven Jay Davis, CFP®
(801) 621-0721
257 37th St
Ogden, UT
Firm
Steven Davis & Associates P.C.

Data Provided by:
Mr. Mark H. Burgon, CFP®
(801) 773-2227
1412 Legend Hills Dr Ste 336
Clearfield, UT
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management, Life Transitions, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Billy C. Peterson, CFP®
(801) 475-4002
1523 E. Skyline Dr
So. Ogden, UT
Firm
Raymond James Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Douglas J. Herdt, CFP®
(801) 784-5200
1725 E. Legend Hills Dr.
Clearfield, UT
Firm
Cambridge Financial Center

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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