How the 50/30/20 budgeting rule works—and can help simplifying how you spend money

Harrison Wallace Financial Group, a leader in financial planning and investment management, today announced its expansion with the opening of a new office in the Cummins Station building at 209 10th Avenue South in the heart of Nashville. With a new space in one of the fastest growing citie …

Faron Daugs, Certified Financial Planner™, Wealth Advisor, Founder & CEO at Harrison Wallace Financial Group  The markets overcame significant hurdles in the first half of 2023, providing investors with renewed optimism for the rest of the year. Conditions such as the resolved debt ceil …

With the S&P 500 hovering 9% below its early January high, financial advisors are reviewing client portfolios to be sure allocations remain within corridors determined by financial plans. The Russian attack on Ukraine caused additional volatility in markets, with stocks declining sharpl …

Inflation has risen to levels not seen in decades. According to the Personal Consumption Expenditures measure, which the Fed uses as an inflation level gauge, the country saw a 6.2 percent increase over the year through August, far outside the Fed’s two percent typical target. Inflation imp …

Each one of us starts out with a unique set of advantages and disadvantages, but self-made millionaires are people who reach high levels of wealth without the help of a large inheritance or trust fund. Self-made individuals start from scratch and build their wealth over time, beginning firs …

Having a household budget can help you stay on top of bills, pay off debt, save for retirement, and achieve other long- and short-term financial goals. But there are many ways to go about it. One popular budgeting option is to follow the 50/30/20 rule, which requires you to allot a designat …

I previously had a client who worked at a Fortune 100 company for 30 years and he eventually decided to step back, but he was still too young to hang it up forever. He wasn’t quite ready for retirement but didn’t want the day-to-day stress of the current position. This put him into what I …

Everyone has that dream for retirement. Moving to that perfect place where you can spend your carefree days. Maybe it’s lounging at the beach all day or hitting the slopes. No matter how you want to spend your retirement, if you’re moving out of state there are several factors to consider b …

When it comes to managing your money, it’s natural to have a lot of questions: Are there expenses you shouldn’t put on a credit card? How much cash should you keep in your savings and checking accounts? When are you ready to start investing? But personal finance is personal, and sometimes t …

The best time to start saving for retirement is always now: the earlier and more often you consider your retirement savings, the better. But as you progress through your career and get older, different financial planning factors come into play. When you’re younger, you may need easier acces …