A friend’s 25-year-old daughter recently asked me if I had heard of “loud budgeting.” I confessed unfamiliarity with the term but discovered it has been drawing a lot of attention on social media. According to CNET Money’s website, “Loud budgeting is a financial...
Millennials
Should My Grandchildren Invest in the Stock Market?
This week we've got a question from a viewer. A viewer writes, "Our grandson is a freshman at UT and he wants to invest in the stock market - should I be concerned?" Paul Fain, Knoxville Certified Financial Planner and President of Asset Planning Corporation, answers...
What are the Best and Worst Paying College Majors?
So your freshman has started college! Bankrate.com recently conducted a survey to rank the best and worst college majors for students. Certified Financial Planner Paul Fain, President of Asset Planning Corporation, talks about where the money is at for future...
How Much are Americans Spending for Back To School in 2019?
The National Retail Federation recently released a survey detailing back to school spending for the 2019 school year. Certified Financial Planner Paul Fain, President of Asset Planning Corporation, summarizes how much we are spending this year and the impact on our...
How to Stop Spending Your Retirement Savings on Adult Children
A recent study found that parents are spending twice as much on adult children than they save for their own retirement. Where is the money going? Where is it coming from? And, is there a better way? Our moneyman Paul Fain, president of Asset Planning Corporation,...
WBIR: Save for Retirement or Pay Off Student Loans?
Millennials—the generation of Americans born between 1982 and 2000—now outnumber Baby Boomers. Many in this younger generation are tackling a dilemma few before them have had to face: Save for retirement or pay off student loans? Paul Fain, President of Asset...
Knoxville News Sentinel: The Hidden Costs of Social Media
Let’s forget the stock market for a moment. The events of our daily lives, not Wall Street, may determine our financial security or ruin. Let’s just suppose, your teenage student has a grudge against a high school teacher and begins a smear campaign on social...
WBIR: Financial Literacy for All
One of the greatest gifts you can give your children or grandchildren – all year long -- is Financial Literacy, a basic understanding of money management. Certified Financial Planner Paul Fain explains some age appropriate ideas for you to share with your children in...
WBIR: Setting Goals
The saying goes, “A goal not written down is merely a wish!” As you begin to ponder your goals for 2018, what are your plans for financial success? THE NEW YEAR WILL BE HERE BEFORE WE KNOW IT, WHAT ARE SOME DO’S AND DON’T FOR SETTING MONEY GOALS? Let’s start with the...
WBIR: Smart Spending for Millennials
For Millennials, it is more important than ever to learn prudent purchasing and money-saving behaviors for their hard-earned cash. Here are six tips: LET’S START WITH SOME ADVICE FOR MILLENNIALS WITH CREDIT CARDS. 1. Be strategic with your credit card interest rates....