Buyer Beware Black Friday is just a few days away and some people are already planning their attack on the mall and other retailers to get those once in a lifetime deals. My advice to you… Sleep in, don’t rush out and buy something that you do not need with money that you do not have. This time of the year retailers will try anything to separate you from your hard earned cash, marketing is at its highest point during the holiday season and people will spend ...
Credit Bureaus & FICO scores Many people get too over concerned with credit bureaus and credit reports. Do you know what your FICO score is? Do you care? I used to be real concerned about it but learned that the FICO score is really a “I love debt score” because if you were independently wealthy and paid for everything with cash you would have a very low FICO score as you would have no record of debt and payment history. It is funny that you could have a better ...
Kids & Money I grew up in a single parent family with 6 brothers and sisters so there was little talk about saving money, there was no money to save. I didn’t teach my kids lessons on saving as nobody taught me, now I know and it is too late to do SOME of the things I have learned but not too late to do all of the things I have learned as far as it relates to my children. Remember my kids are 19 and 21 years old now! Teaching our kids how to handle ...
Savings There are a lot of reasons to save money, we have talked about the emergency fund and that is the first place we want to start but we cannot stop there. After we get through with paying off our debt we will begin savings for several different things. Don’t not get the cart before the horse here, I do not want you to start savings on these other things until you have your $1,000 emergency fund AND you have paid off all of your debts (except the house). ...
Emergencies Last week we were slammed with an emergency. Just when you think things are going well is about the time something happens that you had not planned for and for us that was my daughter’s car breaking down. The mechanic told me it would be $1,200 to fix all the issues (motor, brakes, exhaust, tires, door handle) and my daughter has no money as she is a 21 year old living at home, working full time and going to college. I pondered the value of the car and ...
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