by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Streaming platforms, fitness apps, meal delivery kits, cloud storage, and even clothing rental services have transformed the way people consume products and experiences. Subscriptions offer convenience, flexibility, and affordability at first glance. However, what...
by Doug Stevenson Bowdoinham Maine | Aug 25, 2025 | Doug Stevenson Bowdoinham Maine, Finance
For many people, the 401(k) has long been the default retirement savings vehicle. While it is a valuable tool, relying on it alone may not be enough to secure long-term financial independence. Market volatility, contribution limits, and employer plan restrictions can...
by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Spending money is not always a logical act. Emotions, beliefs, and past experiences often drive our decisions more than we realize. Understanding the psychology behind your spending habits is the first step toward financial wellness. Whether it is impulsive purchases,...
by Doug Stevenson Bowdoinham Maine | Jul 21, 2025 | Doug Stevenson Bowdoinham Maine, Finance
A sinking fund is a financial strategy where you set aside a small amount of money regularly to prepare for a future expense. Unlike an emergency fund, which covers unexpected costs, a sinking fund is meant for planned, often large, purchases. Think of it as proactive...
by Doug Stevenson Bowdoinham Maine | Jun 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Rethinking the Traditional AdviceThe typical recommendation for an emergency fund is to save three to six months’ worth of living expenses. While that’s a good starting point, it’s not a one-size-fits-all rule. In today’s economy—with changing job markets, rising...
by Doug Stevenson Bowdoinham Maine | Jun 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
What Is Lifestyle InflationLifestyle inflation happens when your spending increases as your income grows. At first glance, it may seem like a natural progression—you earn more, so you spend more. But over time, this pattern can quietly sabotage your ability to build...