The Payday Habit

By Melissa Tosetti How much money can you spend? Asked in a different way – how much money can you safely spend without sacrificing your short-term goals such as travel and long term goals like retirement? We have financial obligations in our bills.  We’re supposed to be putting money into savings accounts for our goals, but there are things we …

The Forgotten Value of Mending

By Kevin Gibbons I stumbled across an article on dieworkwear.com about how we have lost our ability to mend clothes. There was a picture of Prince Charles in a suit, with a close-up of a repair under the suit pocket. If a member of England’s Royal Family can wear a patched coat, certainly, the rest of us can consider fixing …

The 3% Buffer

By Melissa Tosetti It’s impossible to plan for every single little expense.  Or is it? My stepmom Linda was a fiscal analyst for a school district until she retired.  Many years ago, she asked me if we used a 3% reserve/buffer in our Spending Plans for clients.  I answered her question by the “deer in headlights” look on my face. …

There’s (not) an App for That…

By Kevin Gibbons We truly do live in a wonderful technological time. We have the world’s history and current information at our fingertips. We have videos and tutorials on virtually any subject instantly available. And we can access that information on our cell phones almost anywhere. We are rapidly approaching the point where it seems we don’t need experts for …

Time Travel & Your Money

By Melissa Tosetti “My Past Self screwed my Future Self’.  This was one of the first statements a client told me when we started working together a few years ago. I laughed out loud at the time, but the sentiment of it has stuck with me.  Since working with that client, I started doing things for Future Melissa and thanking …

Let’s Stop Getting Surprised by Intermittent Expenses

By Kevin Gibbons When The Savvy Life prepares a Spending Plan for a client, we group expenses into several categories. One of the main discriminators is “Monthly Expenses” versus “Intermittent Expenses.” As the names imply, “Monthly Expenses” are those that occur regularly every month, like rent, buying groceries, paying for utilities and the like. “Intermittent Expenses” are those that occur …

The Compass to Your Financial Map

By Melissa Tosetti We’ve encountered a high volume of clients that have the habit of tracking their spending; but it’s not helping them because they’re missing the last vital step – to regularly review what they’ve tracked. Their spending has been captured, but the information that will tell them if they are on or off track is unused.  By taking …

Don’t Panic – But Do Act

By Kevin Gibbons Everyone talks about the importance of starting to save for retirement early in your life. There are countless articles and podcasts advising young earners right out of college (and even some talking to teenagers) to start saving right away. And make no mistake, that is good advice. But even if you are more advanced in your life …

The Chicken Salad Habit

By Melissa Tosetti The title I would have preferred to use is: “Lessons I Learned From My Grandmother About Always Having Something In The Fridge To Easily Eat.”  Sadly, that title was far too long. Instead, I went with a habit the Tosetti Family has adopted based on the lessons I learned from Grams stemming from her days of having …

Your Tax Refund & The 50/50 Rule

By Melissa Tosetti Were you lucky enough to receive a tax refund? If so, before you start planning on how you’re going to spend it, can I ask a personal question?  Do you suffer from Goldfish Syndrome? Let me explain. Over the past eight years, I’ve worked with clients who make $60,000 a year and regularly contribute to their 401(k) …