Lots of people are in debt because they make things complicated. You make things complicated when you can’t afford simple. Buying a car with cash is simple. But since most people don’t have cash, they go into car debt and get complicated. (more…)
It’s been about a year since I last posted on MoneyTalk, and a crazy one at that. It’s been a year of transition in our household to say the least. I’m no longer a part of the daily grind, but a 24/7 employee of the house and kids. Yes, I’m a stay-at-home-mom and quite proud of that fact. Although, my career choice has given me the wonderful opportunity to work from home, which I am doing for supplemental income.
Although there’s still some adjusting with the new schedules and such, it’s been something that we’ve all been looking forward to. Even during these times when life’s been hard for so many, we’ve been fortunate enough to not be affected by it directly. And that’s due to the fact that we’ve set ourselves up well, financially.
Let’s face it: Children aren’t the only ones who need to be taught proper money habits. Sure, their money plan may be simpler (saving to buy that Barbie or Tonka truck, or buying that Barbie or Tonka truck), but the basic principles of living on less than you make and saving for purchases with cash is something that adults struggle with. And you can’t afford to do that when kids come into the picture.
Here are 5 common mistakes that new parents make, and tips for avoiding them: (more…)
I came across this article on Yahoo! News via The Motley Fool this morning that I have to share. I’m not going to waste anytime, so here you go. (more…)
I’m not sure that’s the case as much as the media makes it out to be. Sure, there are a number of folks that are dealing with some hard times. But, I would argue that the majority are truly in dire straights. In fact, I think the media is making it seem worse than it really is. Either that, or Americans are being outright idiotic when it comes to money matters. And that may well be the case too. Maybe I’m right in both cases. (more…)
Did you know that homeowners paid or will pay 580% interest in the first year of their 30 year mortgage?
Neither did I. But a Realtor in Mobile, Alabama wanted to enlighten the public and Dave Ramsey about this and tried convince us that United First Financial’s $3,500 computer software was worth every penny. (more…)