Providence Wealth Planning

06/02/2026

In today’s global real estate market, $1 million can look very different depending on location.

In some of the world’s most expensive markets, that budget goes much less far. In Monaco, for example, $1 million buys about 16 square meters (roughly 172 square feet) — highlighting just how limited space can be at the top end of the market.

Other cities offer slightly more room. In Hong Kong, $1 million buys around 22.5 square meters, while in New York, it stretches to roughly 33.9 square meters.

Across global markets, luxury property prices have continued to rise, driven by factors such as location, lifestyle, and international mobility.

These differences offer a broader view of how real estate values can vary worldwide, even at the same price point.


Source:

Luxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile.

05/28/2026

Extended care is one of the biggest wild cards in retirement.

Costs vary by location, care type, and health needs—but they've all been rising faster than many realize.

These five insights can help you understand what drives costs and why they often catch retirees by surprise.



Sources:
CareScout, Cost of Care Report, July–December 2024
AALTCI, Long-Term Care Insurance Statistics & Data 2025
EBRI/Greenwald, 2025 Retirement Confidence Survey, April 2025

05/25/2026

Memorial Day is a time to pay tribute to those who made the ultimate sacrifice in service to the United States. They will always be remembered. Wishing you and your loved ones a peaceful Memorial Day holiday.

05/22/2026

Auto debt continues to climb as higher vehicle prices and interest rates put pressure on household budgets.

A recent report found that total auto debt reached $1.68 trillion at the end of 2025, up 37% from late 2018. Nearly 86 million Americans, or about 1 in 4, now carry auto loan or lease debt.

Monthly payments have also increased. The typical auto loan payment rose from about $506 in 2018 to more than $680 by the end of 2025.

Several factors are contributing to the shift, including higher vehicle prices, fewer lower-cost new car options, and longer loan terms. More buyers are also taking on larger monthly payments, with $1,000 auto loan payments becoming more common for financed new-vehicle purchases.

For many households, higher transportation costs can affect other parts of the budget, including groceries, rent, savings, and emergency funds.

These trends highlight how vehicle affordability can play a larger role in everyday financial decisions.


Source:

Auto debt has swelled to $1.68 trillion, a new analysis finds. Americans face costlier vehicles, higher interest rates and lengthier loan terms.

05/19/2026

As we age, our health needs can change. offers peace of mind by covering the costs of essential care services like nursing homes, assisted living, and in-home assistance. Take a moment to explore the different types of long-term care insurance available.

insurance can be a smart addition to your planning strategy. There are a variety of ways to secure this coverage. What are the different types of long-term care policies—and how do they work? See our guide for details.👇

05/14/2026

What’s your most important asset? Your house? Your car? It’s your ability to earn a living. Protect your paycheck through disability insurance. Our team can help you compare your existing coverage with your needs to make sure you are properly covered.

05/10/2026

Today, we celebrate every kind of mom who loves, guides, and nurtures us in countless ways.

Thank you for all the ways you make our world brighter and our hearts fuller. 💐

05/06/2026

Teachers are the unsung heroes of our society, tirelessly working to shape the future of our children. Let's take a moment to appreciate their dedication and hard work. Happy National Teacher Appreciation Week!

05/04/2026

Money and mental health are more connected than we often realize. Stress about bills, debt, or even keeping track of accounts can take a toll.

During Mental Health Awareness Month, it's a good time to pause and check in with yourself. Sometimes, even one small financial step—like reviewing an account balance or setting up an automatic payment—might help manage your stress and bring a sense of control.

And remember: if you're struggling with mental health, reaching out to a trusted professional or support resource can make a difference.

05/02/2026

Many of us rely on payment apps for convenience, but it's important to understand their limitations. While these apps make transferring money easy, storing funds in them might not be the wisest financial move. 📱

Did you know that money left in most payment apps isn't FDIC-insured? This means your funds could be at risk if something goes wrong. Plus, you're missing out on potential interest from high-yield savings accounts.

Consider promptly transferring money out of payment apps. It's a simple step that can help protect your funds and potentially earn you more over time.

Interested in learning more about maximizing your money's potential? Let's discuss strategies that align with your financial goals. 💼


Source:

More and more people are using payment apps to send and receive money. As use has grown in recent years, the Consumer Financial Protection Bureau and Consumer Reports have issued guidance on best practices to avoid pitfalls consumers may not expect.