Teaching our kids to effectively manage money is essential. Kids with good money management skills grow up to be adults with excellent money management skills, and those adults will be leading our country someday. Leaving an inheritance for your kids isn’t enough — they must know how to manage the money, or they’ll likely end […]
Study after study has shown that our personal beliefs have a direct effect on our financial behavior. In 1982, researchers like Yamauchi and Templer established what they called the “Money Attitude Scale,” which outlined four basic money attitudes: 1. Power-prestige (using money to show status) 2. Retention-time (preparing for one’s financial future) 3. Distrust (not […]
Today marks the start of a new year, which is a good time to assess your finances and make sure everything’s in order. As the new year gets underway, here’s what you should consider: Income Do you know where your money comes from? This is just as important as knowing where your money goes. You […]
Each new year, your excellent intentions are put to the test. You desperately want to escape from the ever-mounting pressure of your debt — and you resolve to do so. Unfortunately, the ability to stick to your resolutions eludes you. With your resolution to save and budget better, you create a convoluted spreadsheet, including every […]
The bank is a great place to keep money safe and readily available, but how much money do you really need to keep in your savings account? My wife and I are facing this exact question. With a transient lifestyle and a plan to head south in January, we need to have a buffer in […]
My wife and I are beginning to plan for our future. Part of this planning includes allocating our finances in the best possible way to meet our future goals. Up to this point, I have been handling most of the finances, but we are now considering meeting with a financial planner to get professional help. […]
