They say you can pick your friends, but you’re stuck with your family. But are you stuck living the same life they’re living? I mean, if they all jumped off a bridge, would you?
Why do people handle someone else’s money better than their own finances? People at work have a responsibility to someone else, so they make better decisions about it. What if you handled your finances with the same professionalism as a CFO who takes care of his/her business? Hold yourself accountable for your money and you’ll be wiser with your choices.
Act like a CFO and take control of your money.
If you have a budget that your family is struggling with, you probably need to find a way to inject some fun into your life. ‘Fun’ and ‘Budget’ aren’t two words that go together. Don’t believe me? Try watching a Senate hearing on budget reforms. I almost fell asleep just writing that.
No, you need to find ways to make your budget allow room for fun. Give yourself activities to plan, events to look forward to, and purchases to anticipate. Putting the fun back into your life helps you get through a tight budget.
Divorce is a serious issue that unfortunately is a part of life. It can be hard on you, your spouse and the children, if you have any. It doesn’t have to be hard on your wallet if you take these steps to protect yourself from any further turmoil and disaster.
As you enter your fifth decade in life, it can be a time when you start to evaluate your financial position. Are you doing well? Or are you experiencing some distress? Take the steps now to change your course if you need.
When you reach the age of your 50’s, 60’s or even 70’s, you could be in the best-earning capacity of your life. Your career is at a high, and your salary reflects the years you’ve put in. However, if you have adult children that you’re continuing to support, it’s like a funnel draining the best years of your life away from you.
To avoid any unnecessary financial burdens on yourself, it’s best to educate small children the basics of money. Children who learn to manage and make their own money will be happier, healthy and demand less from you, so it’s a win-win.
Will you go out with me? Can I call you? Would you like to move in with me? Can you please pick up your dirty socks? There are many questions you will ask your partner before you pop the big question. But maybe you haven’t considered all the questions you should be asking. Studies reveal…
It’s been a while since I last shared financial hacks. There’re good reasons for this. The last few months saw me and my team busy preparing for the PennyWise Workshop that took place last weekend. It was an intense 3-days for us as we prepare to deliver financial literacy concepts, techniques and strategies to our participants.
Unfortunately for many, our kids like to watch us. Sometimes, it’s when we least want it, like when we’ve just stubbed our toe and are uttering fancifully adult words. Or maybe when that ref didn’t make the right call and we want to let him know just how we felt about it. Or, as many moms will frequently attest to, even when you’re sitting on the toilet, kids find a way to watch you. And when it comes to money, it’s hardly any different.
If our kids grow up without any purposeful advice on how to manage their money, they default to what they’ve been shown. And sometimes, we don’t always show them the best direction. Are you guilty of any of these practices?