Search Results for: blog dealing with sudden windfalls

Sudden Inspiration

Most of the time, I feel like I am working and plugging away at my home business. I don’t necessarily feel bogged down, but I cannot say that I am one of those people who you see on television interviews who claim that they have the “ideal” job and that they are getting paid to play. Usually it is over-paid celebrities who really are playing for pay who say this but occasionally an entrepreneur will share that he is living the work-less dream. That is not me. That is probably whey when I get those sudden bursts of inspiration, it … Continue reading →

Dealing With Sudden Windfalls

When you receive a sudden windfall of money, it is important to use this money wisely. Well, it is important to plan on how to use this money. Often people will receive a large sum of money from bonuses, tax refunds, inheritances or settlements and the money will seem to magically disappear. Often people will spend more than they received and end up worse off than they were before. Here are five tips on how to handle a sudden windfall. 1) Before you do anything with the money you should sit down and plan what you want to do with … Continue reading →

Monetary Gifts

More and more these days I am hearing stories of the eldest generation deciding to give monetary gifts to younger generations. People are living longer and generating more wealth into their later years. If you combine this with the fact that getting ahead when you are younger is getting harder, more parents, aunts and uncles, even grandparents are giving a large cash gift to help. Emotionally this can also be helpful for the older generation. Too often, their money and assets are not passed down until their death. Then, they do not even get to see the positive impact this … Continue reading →

Financial Priorities

Have you sat down and decided what your financial priorities are? If you have never clearly stated what these priorities are you should find these steps enlightening. Completing the following five steps will help you have a stronger sense of what you want to accomplish with your money. It can also help you realize areas or habits that may be keeping you from achieving your financial priorities. 1) Write down the three most important things to you. These may vary, and do not need to be directly related to money. You may want to spend more time with your family. … Continue reading →

Money Week in Review June 3-June 18

We have covered several topics in the last few weeks. There are a wide variety of articles available to help you. Favorite Money Savings Tips shares five easy ways to save money. This article covers everything from groceries to gas. You can learn to make the most of your credit cards in Negotiating Credit Card Rewards. Debbie offers some great tips to help you ear better rewards. Have You Considered Downsizing? discusses the changes that you may make in order to live comfortably both now and in the future. This article focuses on why you may change and specific areas … Continue reading →