Managing Money

The beginning of a new year can be liberating for people who struggled financially in the past. Flipping the calendar from 2015 to 2016 encourages everyone to reevaluate their lives. An important part of this renewed look is a review of your finances. Recent economic problems have hit families, couples, and individuals hard, leading to […]

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As consumers, we think much more about comparing products rather than comparing methods of payment. Cash, debit cards and credit cards are seen as interchangeable when stopping for gas or buying food. This assumption is common among most consumers because retailers have made buying with cash or card incredibly easy. For example, we can swipe […]

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Our appliances started malfunctioning early this year.  Our microwave stopped working, the fridge water line was leaking, our clothes dryer wasn’t working properly, and the pump in our standalone icemaker stopped working.  Indeed, we had a lot of issues with our appliances and the affected products spanned 3 different brands of products (GE Café, Kenmore and […]

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Looking for a new set of wheels? Buying brand-new can be a punch in the pocketbook, since a car depreciates around ten percent as soon as you drive it off the lot and about a quarter of its original value after two years. However, used cars worry some wary customers. Is the previous owner knowledgeable […]

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A frugal lifestyle isn’t just about trying to cut corners to save a few dollars. It’s a complete rewiring of your mindset when it comes to consumerism. The big things to strive for when adopting a frugal lifestyle include: Using diligence to research with the companies you buy from Understanding the lifetime value of a […]

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Each year, you may file your tax return with confidence. As an honest person, you may do everything possible to ensure the accuracy of your return. This reduces the likelihood of an issue with the federal or state government. But even if you believe that you’ve done everything correctly, issues can arise. If you work […]

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Apps To Help You Manage Finances

by on February 3, 2014

With mobile apps for everything from games, to ghostbusting, to watermelon ripeness testing, anyone with a smartphone can do anything with it. Managing finances used to mean sitting at a desk in a home office surrounded by filing cabinets. Now the tech-savvy (and the rest of us) can manage financial matters anywhere and access financial […]

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If you’re buying a house, furniture and decorations may top your list of things to pick up from the store. But although these items are important in creating a nice cozy feel, these aren’t the only things to worry about when purchasing a new place. Important actions must be made to ensure that you are financially […]

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Follow the ABCs of Personal Finance

by on September 19, 2013

Personal finance covers a broad range of topics from the act of making money to budgeting, and onward to saving and debt reduction. Money is an interesting topic because it’s something we all come in contact with on a daily basis; it’s often both the solution and cause of our problems. Those who understand how […]

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You think you’ve found the house of your dreams! It’s an incredible feeling, but it will wear off the day you move in. That’s when you notice that the paint is chipping from the outside, there is a crack in the foundation of the back yard, or your insurance rate was higher than expected. Those […]

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It’s Time to Prepare for Next Year’s Taxes

July 29, 2013

It’s true that the years is only half over and you only filed taxes a few months ago.  But believe it or not, it’s already time to start planning and preparing for next year’s tax preparations.  The biggest mistake that most people make is waiting until the year is over to start their tax preparations.  By doing […]

Financial Advice You Can Get For Free

July 26, 2013

Because there are so many people trying to give you advice. And because every situation is different.  And because rules of thumb do not apply to everyone equally. The best way to get financial advice is to do it yourself.  Make your own decisions.  You don’t have to rely on a financial advisor to improve […]

How Much Money Do You Need to Be Rich?

July 23, 2013

Yesterday I read an article on CNBC’s website that spelled out exactly how much money it takes to be rich. Before I share how much money they think it takes to be rich, take a minute and think about what it would take to make you feel rich. For my kids, it would probably be […]

Are Frequent Flier Miles and Credit Card Rewards Valuable?

June 27, 2013

You have likely seen TV and online ads from credit card companies touting their rewards programs. These ads highlight frequent flier miles, cash back on specific purchases and rewards for consumers who spend considerable amounts of money. A rewards card seems attractive on first blush as many people use their credit cards for big-ticket purchases […]

Easing Kids into Money Management

June 4, 2013

Kids learn their behaviors by observing adults and learning lessons from their parents. As a parent, you should not rely on school or media to teach your kids about money management. School districts are focused on test areas like reading and science rather than a practical skill like handling finances. Media examples through television, the […]

How to Break Bad Spending Habits

May 13, 2013

A common problem for every consumer is figuring out how to break bad habits. We all make purchases that empty our wallets and make us scratch our heads down the road. The biggest issue with resolving bad spending habits is the all-or-nothing approach often given in advice columns. You need not live like a hermit […]

Getting Financial Help Through Bankruptcy

April 25, 2013

Financial help is something almost every person needs once or twice in their lifetime.  If you’re lucky, the type of help you’ll need will be finding money to finish college or a family loan to help you buy your first home.  Unfortunately, for many people, financial woes get much worse, often ending in bankruptcy. While […]

Customer Loyalty Cards: Are you really getting what you think you’re getting?

March 4, 2013

How many loyalty cards do you carry? What motivates you to sign up for these programs? According to a 2004 poll conducted by Boston University’s College of Communication, 86 percent of American shoppers use some form of store card or discount card. Grocers and retailers offer cash back, rewards points, special offers and other bonuses. […]

Know Before You Borrow: Using Student Loans Responsibly

February 13, 2013

What’s the most important part of college prep? Standardized tests like the ACT, the SAT, or Advanced Placement are key. So is learning to do your own laundry. But the most important in the long-term:  a student heading to college must consider the financial implications of doing so. Few Americans can afford to pay for […]

How to Stop Worrying About Money

January 25, 2013

Most Americans worry about money: rising costs, stagnant wages, increasing debt, having enough to retire, banks going broke and staggering medical bills are the nightmares that keep us awake at night. How can you keep the shadow of money worry away? Make a Plan It’s nearly impossible to stop worrying about the unknown. While you […]

Keeping Up with the Joneses and Their Electronics

January 3, 2013

The Cost of Constantly Upgrading Technology is constantly evolving and improving. New products become obsolete in a year or less as the latest, best version is released with great media hype. Carrying around the newest gadget may make you the center of attention, but what’s the cost of staying on top of the technology? How […]

How Couples Manage Money Differently Than Singles

December 9, 2012

When it comes to finances, does one plus one make just two, or does the joining of accounts, debts and financial education add or subtract value beyond the individual components? Do you merge all the assets and liabilities and share responsibilities? What if you and your partner don’t see eye to eye on spending habits? […]

How Stores Use Your Senses to Make You Spend More Than You Intended

November 27, 2012

Can you stick strictly to a list when you shop? Why do you always end up buying more at the grocery store because you had to walk to the back for the gallon of milk you needed? What about those tiny bottles of hand sanitizer and lip balm at the checkout counter? If you never […]

How To Spot And Stop Money Waste

November 15, 2012

Cutting the waste from a budget is no easy task. No one sets out to waste money, and it often escapes accounting after the fact as well. Here’s a quick guide to spotting the ways your money sneaks away from you and how to hold onto more of it. If you’re forgetful, you might be […]

Get The Debt Snowball Rolling

November 10, 2012

The term “debt snowball” could describe how debt builds up; a little bit becomes a little more and soon it’s rolling downhill, out of control and growing as it goes. However, it actually refers to a debt repayment strategy championed by financial guru Dave Ramsey. This method focuses on paying off the debts with the […]

The Number Worth Thousands (and it’s not the lottery)

October 30, 2012

There is a magic number that can mean thousands of extra dollars in your pocket. It tells strangers something about you, but it’s not your income, your monthly spending, or your date of birth. It’s your credit score. It tells credit card companies, car dealers and bankers whether or not to loan you money and […]

Should You Loan Money to Family or Friends?

October 22, 2012

Taking “Personal Loans” to a New Level:  Should You Loan Money to Family or Friends? Money is tight all over, and maybe you know someone in a financial pinch. Perhaps he or she has been turned down already for a loan or line of credit and –wisely- want to avoid the high interest fees of […]

Reasons You Need To Switch Banks

October 15, 2012

Do you pay for every little extra from your bank? Hate your bank’s customer service (or lack of)? Pay for basic services? All are reasons to change banks, and you’re not the only one considering such a move. According to a March 2012 report by Javelin Strategy & Research, 11% of consumers want to change […]

6 Ways To Teach Kids About Money

September 24, 2012

Here are some useful tips that you can use to help teach your kids about money.  The key is to get started early and to relate finances to every day life.  Here is our list… 1. Introduce them to the concept of money as soon as they can count. Children who grasp the concept of […]

Five More Habits of the Wealthy

September 14, 2012

Hopefully, you’ve read our original article on habits of the wealthy.  Here are five more things that wealthy people do.  Do people do these because they are wealthy, or are they wealthy because they do these?  It’s probably some of both but these are some tips that can help you manage your money better no […]