Jameson Van Houten of Stonegate Capital Advisors Promotes Being a Smart Saver in 2016: Tips for Accumulating Wealth

There are plenty of simple strategies for starting a sensible savings plan in 2016. One need not be wealthy to build wealth, according to Jameson Van Houten, CEO of Stonegate Capital Advisors in Scottsdale, Arizona. A good way to get started saving at any age is to focus on three factors: health, debt, and food.

best tips for smart savers

Follow Jameson Van Houten’s advice and become a smart saver

Personal health

Long-term health is a smart place to begin a savings plan. Taking steps right now to improve one’s health can pay huge dividends in the long run. Consider getting a medical checkup early in the year to find out if there are any serious issues that need attention. In addition, it is wise to do an insurance checkup as well, making certain that policies are paid up and are able to cover any serious health issues that might arise.

Keep an eye on food prices

One place where everyone can usually do a bit of budget-tightening is at the grocery store, says Jameson Van Houten of Stonegate Capital Advisors. Because food prices go up with solid predictability, every consumer should do an annual review of the family food budget. Are there items that could be cut? Can some non-nutritious items be replaced by healthier choices? What non-essential foods and drinks can be removed without any difficulty? An emphasis on healthier food choices and changing prices of various food categories can go a long way toward trimming the food budget significantly.

Credit card debt

One area of personal finance that has the greatest potential for saving is credit card debt. For consumers who have any card debt, 2016 is a good time to consider getting rid of it. There is no reason to carry a balance if it is not necessary to do so. Card rates, even for “reasonable” credit cards, are among the first things that smart consumers should cut out of their budgets. Consider paying off the smaller balance cards first and then tackle the larger ones, making a priority of the cards with the highest interest rates.

Credit card debt, food budgets and personal health are three areas where it is relatively easy to find potential savings for just about anyone, regardless of income level or family size. As the cost of food and healthcare go up regularly and because credit card interest is almost universally high, savvy consumers should look to those three categories as a first step toward a comprehensive saving strategy.

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Jameson Van Houten Shares Essential Financial Tips for Young Adults

Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2016.

finance tips for young adults

Expert Jameson Van Houten can guide you through your finance

Financial security is important for all individuals, regardless of their age, status, or lifestyle. Jameson Van Houten believes that financial security can lift the weight off of an individual’s shoulders, and makes it easier for them to enjoy their lives without the stress of financial hardships. In order to enjoy this carefree feeling that smart financial decisions can present, it is important that individuals begin planning early on in life, and make smart decisions to ensure that they will be financially sound down the road. Young people especially must realize the importance of this planning, and so Jameson Van Houten would like to share some tips to help them start preparing their financial future now.

  1. Understand the value of money: Before making large, spur of the moment purchases, it is important that young individuals realize how much that money really means to them. They must understand how many hours will need to be worked before they earn that amount again, and where that money could be better spent. If the money can be of more benefit spent in a different way, those options need to be considered. This is an especially important lesson for young people says Jameson Van Houten, and learning it early will help them make better decisions when they have other financial responsibilities.
  2. Start retirement plans early: Though not every job will offer benefits like a 401(k) plan, some might. Individuals who have a position that offers them these benefits should be sure to take advantage of them says Jameson Van Houten. Those who do not have a 401(k) option can still begin planning, and can invest part of their paycheck into an IRA. The earlier that an individual starts, the easier it will be to save up for retirement and have a sizable fund. A few years can make all the difference.
  3. Be smart about credit: It can be very appealing to young adults who have begun receiving offers for their first credit cards as they see it as an opportunity to get the things that they want now without having to work long hours to get them. However, many do not realize just how hard paying back all those cards can be, and they may find themselves in crippling debt before they realize it. Credit cards should be used sparingly and responsibly says Jameson Van Houten, and individuals should also limit the number of cards that they are using to avoid losing track of these finances. It is also important that these individuals do not focus exclusively on using credit cards for large purchases and instead save up to meet these goals.

Making smart financial decisions early in life is essential to secure a future without financial stress, and it is never too early to start making these kinds of decisions. Jameson Van Houten believes that with the right planning, everyone can enjoy a prosperous financial future.

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Jameson Van Houten Reveals Small Steps Toward Financial Security in 2015

Jameson Van Houten shares his expert financial knowledge with individuals to help them meet financial goals with easy financial tips.

financial security in 2015

Jameson Van Houten keeps your finance safe this 2015

Jameson Van Houten knows that financial stress can prevent individuals from enjoying their life without worries. Money is often a huge point of stress for many individuals, especially for those who find that their pay stays the same or decreases while their expenses continue to increase. Fortunately, when families or individuals start to worry about making ends meet, they can take some steps to ensure that they make it out of a rough spot. Starting early with even just a few small steps may be all that is needed to get back up on their feet. Here, Jameson Van Houten offers a few simple tips that can make all the difference in the long run and help individuals make it through financial hardships in 2015.

1.    Stop eating out: Small expenses are often the ones that add up the fastest and end up costing more in the long run than many expect. Eating out is one of these expenses. Those who eat out several times a week are throwing their money away when they could cook for themselves at a fraction of the cost. It is also important to remember that cutting down other expenses, vacation expenses for example, can be made easy if a family brings their own snacks and beverages rather than buying food along the road. This is a simple change that Jameson Van Houten says will make a huge difference in the long run.

2.    Avoid impulse buys: Impulsive spending habits are difficult to break but they must be dropped in order to be smarter financially. Small last minute buys, purchasing things that are on sale just because they are on sale, and spending money on items that realistically will not be needed in the future are all dangerous to a budget and hold back financial goals. Jameson Van Houten shares that it is important individuals ensure they think about each purchase they make before they make it, and if it is something that they do not really need, they should leave it behind.

3.    Put a little away at a time for big buys: For those who see a big purchase in their future, such as a large event, schooling, or a vehicle purchase, it is always important to save as much as possible toward that purchase. Being able to pay it all off in cash is even better. Using credit for these purchases can make debt skyrocket, and cost more in the long run. Having a constant savings account and treating it like another monthly expense is a great way to ensure that there is always money going in and that it will cover expenses in the future. A nest egg is also a great thing to have when there is a financial crisis like a medical expense or a lay off.

Making a complete financial overhaul is tricky and can be overwhelming. However, Jameson Van Houten believes that by taking these small steps, the road to financial security can be a much smoother one than many think.

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Jameson Van Houten of Stonegate Capital Advisors Discusses Five Finance Tips for the Fall

Jameson Van Houten of Stonegate Capital Advisors shares five financial tips that every savvy spender should consider this fall.

Best finance tips for fall

Expert Jameson Van Houten shares top finance tips

Stonegate Capital Advisors understands that many individuals are looking for ways to save money, especially as the end of the year approaches. Having been in the financial planning industry for a number of years, Jameson Van Houten is sharing some of his wisdom with the public in order to assist them in their efforts to save more and spend less.

  1. Don’t just visualize.

It is easy to envision a financial plan in one’s head. However, it is a completely different story to put that plan on paper as a tangible thing. It is oftentimes easier to stick to a budget if it is all laid out on paper. Planning out where each dollar is going every month will certainly help in budgeting effectively throughout the month and year. Instead of thinking that a budget is constricting, think instead of it as being liberating and a plan for getting what the individual wants in the future.

  1. Always plan to be debt-free in the future.
    Being in debt is never a good feeling. It is for this reason that one of the keys to financial success is to have a plan in place to be debt-free in the future. Jameson Van Houten shares that constantly worrying about making payments is not any way to live and that one’s financial plan should always be to end up debt-free in the future.
  1. Seek out help.
    When budgeting, it is important to talk with one’s spouse or someone with financial experience in order to set financial goals and stick to them. When managing high volumes of wealth, it is prudent to seek out the services of a financial advisor like those at Stonegate Capital Advisors.
  1. Stop getting into more debt.
    One of the mistakes that many people make when trying to get out of debt is that they end up with more debt than they originally had. Instead of making purchases with a credit card that an individual is already behind on, it might make more sense to pay for that item in cash. All of these small purchases can add up at the end of the month if they are not properly accounted for.
  1. Spend less than what is earned.
    At the end of the day, Jameson Van Houten shares that spending more than what an individual earns each month is never a good idea, even if they have the account balances to handle this kind of financial stress. Individuals should consider spending less than what they earn each month so that they have some money to put into savings, rainy-day funds and retirement accounts.

For more financial tips and information, contact the financial planners at Stonegate Capital Advisors.

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Jameson Van Houten of Stonegate Capital Advisors Highlights Teaching Future Heirs to Value Their Wealth

Anyone who is giving or getting an inheritance will benefit from these essential financial tips from Jameson Van Houten of Stonegate Capital Advisors.

Teaching Future Heirs to Value Their Wealth

Jameson Van Houten Explains How to Teach Future Heirs to Value Their Wealth

Jameson Van Houten of Stonegate Capital Advisors knows that for many people out there, having discussions about finances is especially awkward when it comes to parents who have an excess of wealth that they will be passing down to their loved ones someday. In a survey of millionaires given by CNBC this year, statistics showed more than 40% of families that have at least $1 million in investable assets reported that they have yet to talk to their children about a future inheritance. And for 27%, they waited until their children were 30 years old or older.

For children who are born into a family who happens to have a lot of wealth and assets, Jameson Van Houten of Stonegate Capital Advisors shares that they might not realize how valuable the amount of money they are actually receiving is. At times, these heirs can spend through it so quickly they don’t realize that without proper preparation, it could completely run dry.

This is exactly why Jameson Van Houten of Stonegate Capital Advisors shares that taking a few important steps will change the situation dramatically. The first thing parents can do to avoid this it to have a conversation together to find out what limitations they should impose. Some find that distributing the wealth in phases is a helpful way to ensure they will still have money over time. It’s easy to stipulate this in a trust, and there are many different ways to set it up.

Another thing parents should remember is that they should never feel guilty for setting up some rules for the inheritance.  Jameson Van Houten of Stonegate Capital Advisors shares that many families out there hope to define a purpose for the inheritance, and write language into a trust that stipulates what exactly the money could be used for. Last but not least, consider creating a family mission statement alongside the heirs, something that will stand for a long time and will encourage future generations to help keep the wealth in the family.

Jameson Van Houten of Stonegate Capital Advisors shares that having a conversation early on might feel like an awkward situation, but it is one that will have lasting effects.

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Jameson Van Houten and Stonegate Capital Advisors Highlight Top 3 Midlife Money Errors to Avoid

Stonegate Capital Advisors offers tips for middle age people to begin changing their financial habits.

money errors to avoid when you are young

As one of the industry’s top financial services providers, Stonegate Capital Advisors is constantly advising people at all stages of life on how to best increase and – more importantly – keep their wealth using a balanced approach.

When people reach middle age, they usually begin to increase their commitment to investing and saving. However, many times they may unfortunately make some dire errors due to false assumptions and common misconceptions. That’s why Scottsdale-area financial services expert Jameson Van Houten is sharing a few tips on avoidable financial errors that usually plague people between 40 and 60 years old.

Avoid risky investments. Some people may worry that they’re starting to invest too late and hope that a high-risk investment may earn them a large sum. However, as retirement age draws near, people have less time to recoup their investment losses. Jameson Van Houten recommends that as a person gets older, they dial down the risk in their portfolio and diversify their investments. This lessens the chance for big losses.

Save for retirement. In this day and age, people have a high chance of facing some sort of setback financially, whether it’s loss of employment, medical bills or some other unforeseen expense. But Jameson Van Houten advises against letting those setbacks take away from retirement savings. That money gets harder and harder to make back as one gets older. The same can be said for college savings. That can be secondary to retirement savings as a person’s college-age children can apply for financial aid for school; there is no financial aid for retirement.

Pay off credit card debt first. Jameson Van Houten says that even applies to paying off a home. While owning a home free and clear may make people feel great, consumer debt can be crippling to their ability to save. According to a recent report, the average American household carried more than $15,000 in credit card debt alone as of June 2015. Jameson Van Houten recommends attacking credit card debt first. This will help free up money for investments, retirement savings, and building an emergency fund.

Many of these midlife money errors are made because of faulty information passed down from parent to child or bad advice on the Internet, says Jameson Van Houten. Financial advisers, like the ones at Stonegate Capital Advisors, can offer the most up-to-date expert advice and assistance.

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Jameson Van Houten of Stonegate Capital Advisors Shares How to Save for an End-of-Year Vacation

With December right around the corner, Jameson Van Houten knows that many families are looking to save for a last-minute getaway.

Saving money tips from Jameson Van Houten

Jameson Van Houten of Stonegate Capital Advisors understands that many families have been looking forward to taking a winter vacation all year long. However, some families and individuals have decided to take a trip last-minute and are looking for some ways to save up enough money to do so. In order to assist these individuals in their efforts to save for a winter getaway, this leading financial planner is providing these top tips.

  1. Go out to eat less often.
    One of the easiest ways to save money for a vacation or for any occasion is to eat out less often. While convenient, figures for families with children under the age of 6 who go out to eat have shown that they will spend an average of $239 per month just on restaurant meals. There are still ways to enjoy a night of eating out by checking to see which restaurants offer a “kid’s eat free” night or looking for coupons for the same type of promotion. Trying a new recipe or cooking a formal dinner at home can also give the feel of a night out without the hefty price tag shares Jameson Van Houten of Stonegate Capital Advisors.
  1. Make a plan and stick to it.
    As it is with any budget, it is important to make a plan and stick to it when saving for any large expense. This is especially true for last-minute vacation saving shares Jameson Van Houten. The most important figure to consider is how much the family or individual wishes to spend on their vacation. This figure needs to include travel expenses, hotel expenses, activity expenses, a food budget and an allowance for any unexpected expenses such as souvenirs and other purchases.
  1. Sacrifices will most likely need to be made.
    When budgeting for a vacation last-mine, Jameson Van Houten of Stonegate Capital Advisors shares that individuals will most likely need to make some sacrifices. It is important to remember that the sacrifices made today to not go out or enjoy certain activities will result in more fun to be had while the individual or family is on vacation.

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Stonegate Capital Advisors Reveal Top Tax Refund Investment Advice

Tax refund investment tips by Stonegate Capital Advisors

Jameson Van Houten is one of the leading Scottsdale financial planners found within Arizona, and offers advice for those who decided to save their tax refund this year. In fact, this Scottsdale financial planner reveals that there are some great ways to invest this money that could potentially be life-changing.

It’s important to ask oneself what a large chunk of money like a tax return could help accomplish, but there are some easy ways to invest the money without simply sticking it a savings account that doesn’t yield much interest. One suggestion that Jameson Van Houten knows will return more money for the investment is by placing it into a workplace-sponsored retirement account. This is an especially good option for those out there with employers that have matching programs in place, since it will add even more money to the account this year.

Another option Jameson Van Houten shares that is a smart move for investing a refund is funding an IRA. For those who don’t know, the maximum contribution each year is $5,500 (Roth and traditional for those under 50) or $6500 for those over that age. With the amount of some people’s tax refunds, their return might be enough to fund a retirement account for the entire year without having to think about it again until 2016.

Last but not least, consider adding some home upgrades that will save money as well with your return. Certain improvements might even part of the Energy Efficient Property Credit, which gives a tax credit of up to $500, and will be in place until the end of next year, perfect for those who still need some time to plan. For those who already spent 2015’s refund—perhaps the other go-to financial principles from Scottsdale financial planners could apply to next year’s return as well.

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Jameson Van Houten Shares Essential Financial Tips for Young Adults

Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2015.

Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2015.

Financial security is important for all individuals, regardless of their age, status, or lifestyle. Jameson Van Houten believes that financial security can lift the weight off of an individual’s shoulders, and makes it easier for them to enjoy their lives without the stress of financial hardships. In order to enjoy this carefree feeling that smart financial decisions can present, it is important that individuals begin planning early on in life, and make smart decisions to ensure that they will be financially sound down the road. Young people especially must realize the importance of this planning, and so Jameson Van Houten would like to share some tips to help them start preparing their financial future now.

  1. Understand the value of money: Before making large, spur of the moment purchases, it is important that young individuals realize how much that money really means to them. They must understand how many hours will need to be worked before they earn that amount again, and where that money could be better spent. If the money can be of more benefit spent in a different way, those options need to be considered. This is an especially important lesson for young people says Jameson Van Houten, and learning it early will help them make better decisions when they have other financial responsibilities.
  2. Start retirement plans early: Though not every job will offer benefits like a 401(k) plan, some might. Individuals who have a position that offers them these benefits should be sure to take advantage of them says Jameson Van Houten. Those who do not have a 401(k) option can still begin planning, and can invest part of their paycheck into an IRA. The earlier that an individual starts, the easier it will be to save up for retirement and have a sizable fund. A few years can make all the difference.
  3. Be smart about credit: It can be very appealing to young adults who have begun receiving offers for their first credit cards as they see it as an opportunity to get the things that they want now without having to work long hours to get them. However, many do not realize just how hard paying back all those cards can be, and they may find themselves in crippling debt before they realize it. Credit cards should be used sparingly and responsibly says Jameson Van Houten, and individuals should also limit the number of cards that they are using to avoid losing track of these finances. It is also important that these individuals do not focus exclusively on using credit cards for large purchases and instead save up to meet these goals.

Making smart financial decisions early in life is essential to secure a future without financial stress, and it is never too early to start making these kinds of decisions. Jameson Van Houten believes that with the right planning, everyone can enjoy a prosperous financial future.  For more information visit http://stonegateprivateclient.com/

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Jameson Van Houten Offers Tips for Saving for College

Various currencies representing college students from across the globe

Tips to help students save money and avoid heavy college debt in 2015 shared by Jameson Van Houten.

A college education is often one of the biggest expenses that an individual will incur in their lifetime. Because of this, many college students end their academic career with a mountain of student loan debt. While they may be unable to avoid the costs of things like tuition, Jameson Van Houten believes that many college students are incurring extra costs during their education that in the long run could put them further into debt. To help individuals lower the costs of college attendance and to help young people get a head start on smart financial decision making, Jameson Van Houten provides tips to help college students save.

  1. Be smart about commuting: A car is a college student’s best friend until they realize how much it is to maintain the vehicle on top of parking costs and other additional expenses. When students begin college, they should consider some of the alternate modes of transportation available to them as well before they pay for the parking pass. Biking and carpooling are options for these students, but they should also see if their school offers things like reduced passes for the bus or inter campus shuttles to save on the cost of transportation.
  2. Be smart about school supplies: Jameson Van Houten knows that one of the biggest college expenses is textbooks. Buying these new through a university can be very expensive and add up fast. Many students can save on these expenses by shopping online through sites like Amazon, and buying their books used. Taking the time to compare prices for different sites as opposed to the school price can show students what their best choices are. Shopping sales for school supplies and signing up for special student discounts can also help students save.
  3. Save on dining: Another cost that adds up fast for students is dining costs, especially when they live on campus. However, this is another cost that can be cut down. Some dorms or student housing have full kitchens that make it easy for students to cook their own meals rather than pay for an on campus meal plan. Even if they do not have these options available to them, students can pack snacks or meals to eat during the day. Look for student lounges that have microwaves or fridges as well to make it easy to avoid eating out while on campus.

Starting adult life off with debt is hard and can hold an individual back for a long time. Saving money during college on small things can help students lessen their expenses and their debt. Jameson Van Houten believes that starting early to ensure financial security is essential and hopes that college students take this advice and make smart financial decisions.

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