Wealth Management Advisors Topeka KS

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.

Randy Clayton
Clayton Financial Services, Inc.
(785) 232-3266
716 S. Kansas Avenue
Topeka, KS
Expertises
Ongoing Investment Management, Advising Employee Benefit Plan Participants, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

Mr. Keith A. Heckman, CFP®
(785) 354-5327
920 SW Washburn Ave Ste 102
Topeka, KS
Firm
VALIC Financial Advisors
Areas of Specialization
Employee and Employer Plan Benefits, Investment Management, Investment Planning, Life Transitions, Planning for Couples, Retirement Planning, Sudden Wealth Management

Data Provided by:
Mr. Denis E. Hill, CFP®
(785) 354-4342
534 S Kansas Ave Ste 1410
Topeka, KS
Firm
Hill Financial Services
Areas of Specialization
Investment Management, Long-Term Care

Data Provided by:
Mr. Mark A. Reinert, CFP®
(785) 272-3900
1701 SW Fairlawn Rd
Topeka, KS
Firm
Reinert Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Ms. Linda G. Hauschild, CFP®
(785) 234-5573
534 Kansas Avenue
Topeka, KS
Firm
Mize Houser & Company, P A

Data Provided by:
Mr. Nolan K. Patton Jr., CFP®
(785) 234-5573
534 S. Kansas Ave., Ste. 400
Topeka, KS
Firm
Mize Houser & Company

Data Provided by:
Mrs. Barbara J. Heller, CFP®
(785) 232-3266
716 S. Kansas Ave.
Topeka, KS
Firm
Clayton Financial Services, Inc.
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. Randy J. Clayton, CFP®
(785) 232-3266
716 South Kansas Avenue
Topeka, KS
Firm
Clayton Financial Services, In
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. James C. Hanna, CFP®
(785) 357-6278
601 S Kansas Ave
Topeka, KS
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Tax Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Mark A. Schneider, CFP®
(785) 357-7777
112 SW 6th Avenue
Topeka, KS
Firm
Plan Professionals Inc

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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