With summer two-thirds behind us, most parents are looking ahead (and maybe forward) to the return of children to school. Undoubtedly, a shopping list is forming for school supplies and clothing. Shopping with children can be a tug-of-war between parents and children, wants vs. needs, and budgeting vs. overspending. I recall how stressful the “going [...]
Archive for July, 2011
When is Enough, Enough?
Posted in Kids and Money, tagged financial expectations, financial obligation, parenting, responsibility, risk, traditions, values on July 28, 2011 | 1 Comment »
Weaning adult children off parental financial life support Most parents take the responsibility of raising children seriously and with the best intentions. From a deep sense of love and duty, we provide for and protect our children. How each family provides varies based on traditions, values and means. The whole point of parenting is to [...]
I’d Love to… but My Financial Plan is Due Tomorrow!
Posted in Financial Planning, tagged deadline, financial tasks, personal finances on July 25, 2011 | 2 Comments »
It’s interesting how much a deadline can ramp up activity. As the football season approaches, it seems as though there is finally activity on the NFL lockout front. Our political leaders privately appear to at least be coming up with ideas and meeting before the debt ceiling and government shutdown deadline of August 2nd. A [...]
Insurance – What is the Right Amount?
Posted in Insurance, tagged capital needs analysis, co-insurance, death benefit need, deductibles, disability insurance, Insurance, life insurance, loss sharing, policy benefits, premium on July 22, 2011 | 2 Comments »
One of the things about insurance is that, in general, no one likes paying the premiums on their insurance policies when they are not in need of using the policy benefits. But when they do need to rely on the insurance policy ‘benefits’ because of some insured event occurring, people generally like having as much policy [...]
Change is Good…Simplify Your Life
Posted in Uncategorized, tagged budget, change, goals on July 21, 2011 | Leave a Comment »
What can you do to simplify your life and lighten your load? Clean your closets – donate old clothes, organize, declutter. Make a To-Do list of everything that needs to be done around the house, office, etc. Prioritize and Do. Get a new mattress – you will sleep better and feel better. Take a spa [...]
Spend Some Time with Your Debt Demons
Posted in Credit/Debt, tagged consumer savings rate, debt, financial future, financial habits, values on July 20, 2011 | 2 Comments »
Despite the significant improvements to the consumer savings rate over the last several years, a majority of Americans are still struggling with debt in one form or another. On one extreme you have more and more outlets telling you to consolidate all your debt in favor of one monthly payment. While a select few of these [...]
Social Media IPO Frenzy
Posted in Investments, tagged capitalism, dot-com bust, initial public offering, investing, IPO, market penetration on July 19, 2011 | 2 Comments »
Facebook has greater market penetration in the United States than any other company both on a user basis and a frequency basis. Over 70% of us are active users. No other company gets more of our shared national attention. Not surprisingly, the mere hint of an initial public offering, or IPO, gets people excited. The [...]
Harry Potter and the Deathly Hallows of Finance
Posted in Financial Planning, tagged asset allocation, budgeting, deathly hallow, diversification, finances, Harry Potter, investment portfolio, J. K. Rowling, Lord Voldemort, Retirement on July 18, 2011 | Leave a Comment »
Okay, unless you have been living under a rock, you’ve heard of Harry Potter and the final installment in the movie series. As I write this on the eve of opening weekend, I’ll go out on a limb and wager that by the time you are reading this the movie will be the blockbuster hit [...]
Does ‘I DO’ Have to Break the Bank?
Posted in Spending, tagged Brides Magazine 2011 American Wedding Study, budget, divorce rate, financial lives, reception, wedding costs, weddings on July 15, 2011 | 2 Comments »
I am, admittedly, curmudgeonly when it comes to weddings. I have the personal opinion that young couples go incredibly overboard when it comes to their “big day”. I wasn’t any happier, or more in love with my wife, because hundreds of people were able to witness an incredibly personal moment. But, as is often the [...]
A Blast from the Past
Posted in Uncategorized, tagged budget, financial health, I Remember Mama, money, The Rocking Horse Winner on July 14, 2011 | 1 Comment »
It is said that there is “nothing new under the sun” and when it comes to our financial behaviors I tend to believe this is true. I enjoy watching films that my grandson refers to as “gray movies.” You know the old black and white movies that remind us of the slower, simpler times before the [...]