Ask Jennifer: Getting finances in order

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July 17, 2012, 7:39 pm
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(NECN) - You have the questions - and she has the answers.

Jennifer Lane, a certified financial planner with Compass Planning, joins NECN Business to answer viewers' questions concerning getting their finances in order.

Beth in Wayland asks, "My partner and I make a good income but it seems like we're struggling to save. Something always comes up. Do you have any tips for getting on track?"

Jennifer suggests using Mint.com, which allows you to trend your income and expenses and gives you money meetings to prioritize.

Gregg in Stow writes, "My company stopped printing our paychecks so now I have another password to remember. I've got them all listed in a password protected Excel worksheet. Is there a better way to manage them?"

Jennifer suggests Gregg looks into several options, especially since he might need access from multiple places, or to allow someone to inherit passwords. Jennifer recommends SecureSafe.com.

Stephanie in Chatham asks, "Money burns a hole in my son's pocket. Are allowances a good idea? What is the best way to help him learn to manage his money?"

Jennifer says a lot of teenagers need practice with money, and suggests that Stephanie's son get a combination of an allowance and a part-time job. She also suggests getting a secured card through BillMyParents.

Watch the attached video for more.

Tags: Jennifer Lane, finances, money, Ask Jennifer, viewers, certified financial planner, tracking expenses
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