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Financial planning used to be viewed as a tool only appropriate for millionaires and those making six-figure salaries on an annual basis. Believe it or not, financial planning is available to more Americans than ever before. The annual cost of financial planning is low, compared to the price of a costly mistake.

The holiday season is just around the corner, and that means that many of us will overspend yet again. If you are tired of spending spring and summer paying off your holiday credit card bills, you need to set a reasonable budget and stick to it. You can enjoy a wonderful holiday on a budget, but you need to set some ground rules before you log on to your computer or head to the local mall.

After decades of working the average 9-to-5 job and trying to save for the future, most Americans look forward to a relaxing retirement in which they pursue their beloved hobbies and have a modest income.

When you entrust someone with your hard-earned cash, you are giving them the keys to your future. If you simply turn over your wealth to someone without asking them some important questions, you might as well be giving a stranger your money.

Whether you love or hate money, it is something that everyone needs to survive in life. After all, homes, cars, clothes, and food aren't free. Like your friends and family, you need to cultivate a positive relationship with money in order to avoid creating unnecessary stress in your life. For some people this is difficult.

Many new retirees find that they are house-rich and cash-poor. Those retirees spent their working years paying off the mortgage, and now that they have stopped working they need a way to turn their investments into a steady stream of cash.

There's no set age at which Americans should start investing. For most people, it's a matter of having the financial stability to cover important obligations such as rent, car payments, and grocery bills, with just enough left over after spending their fun money to set some aside for retirement.

There are a lot of difficult decisions that you have to make as a parent, and none is harder than trying to find the perfect time to have important discussions with your children. For example, it is a delicate line to walk when having the discussion about the "birds and bees" with your children.

Financial advisors may occupy an industry that still relies on tried-and-true techniques to grow investment accounts for clients, but that doesn't mean the industry is immune to the technological advancement that has redefined other sectors of the economy.

As an entrepreneur, you have relied upon your own vision and hard work to form a company and guide it through the early stages of development. Similar to your children, that business is something you raised from an infant and helped guide through those unsteady first steps into the world of business. However, many business owners fail to consider the long-term future of the business.