You’ve gotta love the way technology and the domino effect work together sometimes. Well, if you don’t love it at least you’ve got to laugh about it.
With all the talk about health insurance and its associated costs, I decided to become better informed. What would I need to know in order to make a smart purchase? What information is out there?
Parents, everything your children learn about personal finance (not to mention everything else) will come from your examples. Your kids will accept paying early or paying late, having enough or not having enough, being in debt or being debt free as the way life is.
The Los Angeles Times recently ran an excellent article on the intricacies of auto leasing. I say intricacies because there are many factors to evaluate before and during the process. As author Jerry Hirsch points out, failing to check and double-check any one of them can result in a deal you’ll regret.
Boy, here’s a myth that needs debunking. Some people think paying bills until just before the due date will generate more money in the form of interest. The thinking is, “Why should I give (fill in the blank) the use of my money when it can be earning interest in my bank?”
A friend of mine is married with four children. Doug (not his real name) has a very good job and makes at least six figures. His wife Karen (again, a fictitious name) stays home to take care of the kids.
Doug seems happy and is not a complainer, but one day he told me Karen had launched a campaign for buying a very expensive bracelet. Her main reasoning was, “I work hard, I deserve it.” Doug was resisting and as you might imagine, the result was friction.
It helps to think of our relationship with merchants like this: We’re the master and they’re the puppy.
Now, a puppy will do whatever comes into its little head. Left untrained, the puppy will chew everything, bark all day, get up on the sofa, jump up on everybody, and do anything else he likes. Thank goodness we have the means to discourage such behavior.
It’s amazing to me how quickly we’ve changed our habits to leverage new technologies that make our financial lives so much easier. Yet even as we speed along in this great new direction, there are other habits we need to rethink in order to be safe on our journey. Specifically, we need to unlearn certain old behaviors and adopt some new ones in order to protect ourselves from technology’s biggest unintended consequence—identity theft.
Along with death and taxes, you can count on inflation to lie in waiting for you.
What is inflation? It’s a $40.00 fill-up. It’s the $4.00 loaf of bread, the $1,200.00 rent payment, the $150,00 electric bill, and the $12.00 movie ticket. And it never stops.
The first three online calculators have helped wipe out your credit card debt, plan an early loan payoff, and buy a car within your budget
Once you’ve gotten that far (and maybe you’re there already), you’ll want to sharpen your savings plan.