How to Feed Your Piggy Bank When Your Paycheck is Lean

How to Feed Your Piggy Bank When Your Paycheck is Lean -- LEE LEGAL -- DC VA MD

Do you remember the moment when you ripped open your first paycheck and saw the harsh reality that it’s just not enough money? Learning the difference between gross and net pay, setting up a budget to cover bills, finding ways to curb expenses. All of these are jarring lessons in “adulting.” Just as important is […]

How to Close the Bank of Mom and Dad

How to Close the Bank of Mom and Dad -- LEE LEGAL -- DC VA MD

Parents are and always have been an immediate financial resource for their children, even if their children are grown adults in their 20s, 30s and even 40s. Regardless of relation, parents should not be viewed as a bank. Part of being an adult is independence, financial and otherwise. Here’s how to close the Bank of […]

Austerity Measures, or How to Avoid Bankruptcy, No. 1

Austerity Measures, or How to Avoid Bankruptcy, No. 1 -- Lee Legal 202-448-5136 bankruptcy

Austerity measures in Greece have set off violent riots and nationwide strikes over the last decade. In 2010, Greece suffered a sovereign debt crisis, sometimes called the Greek Depression. A member of the European Union, Greece requested a bailout, which the EU granted, but only with a caveat: Greece would have to implement a number […]

Retail Therapy Is a Symptom, Not a Cure

Retail Therapy Is a Symptom, Not a Cure -- LEE LEGAL -- DC VA MD

Americans love to shop.  The shopping process can be an emotionally gratifying experience, allowing us to exercise freedom of choice and expression. But contemplating and planning our purchase generates excitement which combats stress. Oftentimes, retail therapy is a symptom of larger problems. Retail therapy is not a cure. Why we shop Shopping to feel better […]

Pay Down Debt While Saving for Retirement

Pay Down Debt While Saving for Retirement -- LEE LEGAL -- DC VA MD

For many people, debt is the main factor preventing us from achieving our financial goals – without even including retirement savings. However, retirement cannot be left out if we are to be able to retire comfortably and securely when the time comes. 40 percent of retirees say that paying off debt is a current financial […]

Avoid Debt This Holiday Season

Avoid Debt This Holiday Season PIC

We don’t have to incur debt every holiday. Here are some tips that will allow you to avoid debt this holiday season without later financial regret. Budget Make your budget realistic and relative to you. Excluding this factor will decrease your chances of calculating a healthy budget. Approach this by remembering your past holiday spending, […]

How to Eat Healthy on a Budget

Eat Healthy on a Budget -- Lee Legal -- DC VA MD

Americans love to eat. Each person with an annual income of $75,000 spends nearly $8,000 a year on food and alcohol, according to the Bureau of Labor Statistics. Living on a tight budget, doesn’t have to mean a life of ramen noodles and the unidentifiable meat product rolling around in the 7-11 hot tray. You […]

6 Tips to Rebound from Bankruptcy

rebound from bankruptcy

When you file for bankruptcy, you’re giving yourself a financial fresh start. Bankruptcy allows you to easily free yourself from debts you have no realistic ability to repay. Although there are many positive benefits from bankruptcy, your credit will still also take a hit. Before you even file, you should think about the proactive steps you can […]

Are You Living Paycheck-to-Paycheck?

Are You Living Paycheck-to-Paycheck

If you are living paycheck-to-paycheck, you are not alone. Last week the Brookings Institution released a new article by Princeton and NYU economists entitled The Wealthy Hand-to-Mouth. Some of the article’s findings were startling: Roughly one-third of American households — 38 million of them — are living a payday-to-payday existence. These families hold little to no […]