Wealth Management Advisors Westborough MA

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.

Georgia Bruggeman
Meridian Financial Advisors, LLC
(508) 429-2600
13 Water Street
Holliston, MA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, College/Education Planning, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Andrew Chan
Integrative Financial Advisors, LLC
(508) 663-4878
945 Concord Street
Framingham, MA
Expertises
Hourly Financial Planning Services, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Cash Flow/Budgets/Credit Issues, Investment Advice without Ongoing Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CIMA

Kevin Nulton
Titanium Advisors, LLC
(508) 528-3120
471 West Central Street
Franklin, MA
Expertises
College/Education Planning, Estate & Generational Planning Issues, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

Patricia Konetzny
The Practical Planner
(978) 461-4932
9 Marlboro Street
Maynard, MA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Women's Financial Planning Issues, Retirement Plan Investment Advice, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

David Linnard
Linnard Financial Management and Planning, Inc.
(978) 263-0025
46 Chester Road
Boxborough, MA
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Thomas Sturiale
Sturiale Financial Planning
(508) 872-4191
2 Royal Meadow Lane
Framingham, MA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Newlyweds & Novice Investors, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA, MS

Cheryl Costa
AFW Wealth Advisors
(508) 655-0210
550 Cochituate Road - Suite 25
Framinham, MA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

John Epeneter
C.A.R.E. Asset Management & Strategies, Inc.
(978) 897-0741
3 Russell Avenue
Maynard, MA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Tax Planning, Retirement Planning & Distribution Rules, College/Education Planning, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CCPS, CFP®, CFS, CPA/PFS, MSFP

Susan Miller
Aurora Financial Advisors LLC
(781) 239-9996
180 Linden Street, Suite 8A
Wellesley, MA
Expertises
Ongoing Investment Management, Tax Planning, Retirement Plan Investment Advice, Estate & Generational Planning Issues, High Net Worth Client Needs, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CDFA, CFP®, CPA

Kathleen Dollard
Nashoba Financial Planning
(978) 635-9687
1740 Massachusetts Avenue
Boxborough, MA
Expertises
Ongoing Investment Management, College/Education Planning, Retirement Planning & Distribution Rules, Tax Planning, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, EA, MBA

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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