Financial Planning

Financial planning blogs from Thinking Big Financial, a NYC-based financial planning and investment management firm. Learn more about our services: Financial Planning Services

costs of raising child

The Ongoing Costs of Raising a Child(ren)

I did a simple google search of “how much does it cost to raise a child” and then my eyes glazed over. According to Investopedia, it could be as much as $277k in 2022 (from birth to age 18). That turns out to be about $15k a year. But I…
optimize charitable giving

How to Optimize Your Charitable Giving

As Lynne Twist says in her book, The Soul of Money, “When you make a difference with what you have, it expands.” Giving your resources in a way that’s aligned with your values can have a compounding effect on your overall wealth and well-being.…
how to prepare for filing taxes

Simple Ways to Prepare for Tax Filing

Shockingly, we haven’t yet written a post on how to prepare for filing your taxes! We know taxes aren’t the most exciting topic, but they are a crucial part of your financial health. Now is a great time to get organized ahead of tax time. …

What’s Your Money Love Language?

Have you ever taken the Love Language Test? It’s a fun quiz that helps you understand how you like to receive love from the people in your life. The quiz is broken down into five primary categories: Quality Time, Words of Affirmation, Gifts,…

Changing the Retirement Savings Paradigm?

As a financial planner, one of the most common things I hear is about everyone's need to “save for retirement.” The phrase itself is vague, impersonal, and unspecific. People who are decades away from the presumed end of their working lives…
saving while living paycheck to paycheck

How Do You Save Money When You’re Living Paycheck to Paycheck?

In a recent post, we talked about why you should save money, including how to build resiliency to emergencies and give yourself more freedom of choice in life. But what about the how of saving money? When you live paycheck to paycheck, saving…

Should I Worry About Inflation?

Everyday it seems like we’re reading a new headline on inflation. We worry about how high inflation is or whether or not it’s temporary. Where’s inflation coming from? Supply chain shortages? Or a tight job market?  My question…
make your finances more resilient to climate change

How to Make Your Finances More Resilient to Climate Change

In my previous post, I wrote about how we can use our finances to fight climate change. Simultaneously, we need to think about how we protect our finances in uncertain—and unprecedented—times.  While we have time to slow planetary…
use personal finances to fight climate change

How to Use Your Finances to Fight Climate Change

The most recent report from the Intergovernmental Panel on Climate Change (IPCC) was a “code red” warning for humanity. Scientists say that planetary warming is speeding up and will bring about more frequent and intense destruction of ecosystems.…
what should I do with my money

What Should I Do with My Money? 

What should I do with my money? This is one of the most common questions that clients have when they come into financial planning work. And, for better or worse, it's a question I really can't answer for them!  Lurking beneath this…