Time and again money is cited as one of the top causes for fights in relationships and divorce. One way to prevent wallet wars is to engage in financial foreplay. But first, some basics…
What is financial foreplay? The process of getting to know your sweetie’s most intimate feelings about money.
Why is it so important? As one of my favorite personal finance bloggers, April Dykman, highlights in her piece Do Savers Seek Out Spenders? academic studies…
_Do you ever feel like your possessions are holding you hostage? Or perhaps that you’ve bitten off more stuff than you can chew? If you’ve ever suffered the pangs of financial indigestion, you may be one of the millions of Americans suffering from… lifestyle creep._
+What is Lifestyle Creep?+
Not to be confused with “Keeping Up with The Joneses,” lifestyle creep occurs when the more you have, the more you think you need. Here’s an example. You get a new pair of pants. But they don’t go with your old shoes. So you have to get a new pair. Then your bottom half looks so spiffy you…
Ahhh, it’s February – the month of romance. While thoughts of love are in the air, down here on the ground the financially savvy person might want to give some solid thought to whether their sweetie is in the red or in the black when it comes to their personal finances. While this may not sound romantic, it’s very practical. Money is routinely cited as one of the top causes of fights in marriage and one of the top causes of divorce. So here are five questions to find out if your honey has trouble with money.
**1. Does your sweetie always insist on picking up the check at a big dinner a…
In these tough economic times, financial tips are flowing fast and furious about how to save money and stick to a budget. Facing a sea of information many people are asking, “Where do I start?” For most of us, five areas of spending will consume over 50% of the money we earn during our lifetime, so that’s the best place to begin. The five areas are: Home, Car, Kids, Education, and Retirement. Here’s what you need to know about each:
#Don’t bite off more HOME than you can chew. How much house can you comfortably afford? For most people the answer is a house with a purchase price o…
