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...
by Doug Stevenson Bowdoinham Maine | May 26, 2025 | Doug Stevenson Bowdoinham Maine, Finance
In the world of finance and business, liquidity is often treated as a safety net—a cushion of cash or assets that can be quickly converted to cash. It’s what keeps operations running smoothly during downturns, unexpected expenses, or delayed revenue. But what happens...
by Doug Stevenson Bowdoinham Maine | May 26, 2025 | Doug Stevenson Bowdoinham Maine, Finance
If money is just math, why do so many intelligent people make poor financial choices? The answer lies in behavioral finance—a field that studies how psychological biases and emotional reactions influence financial decisions. Understanding these behaviors can help you...
by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Debt often starts with good intentions—a new car, an education, or a home. But what begins as a necessary financial step can easily turn into a long-term burden if not managed carefully. While the monthly payment may seem manageable, the real cost of debt is often...
by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Budgeting is often the first piece of financial advice we hear—and for good reason. It’s a foundational tool that helps track spending and keep expenses in check. But if your financial aspirations go beyond paying monthly bills, a basic budget may not be enough. To...
