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Talking Money With Your Honey

Did you know that money is the most common cause of disagreement among couples? Whether a couple is rich or poor does not matter, disagreements about money are common among couples from all points on the economic spectrum. It’s no wonder, then, that many couples avoid discussing finances at all costs. What if you knew that discussing your finances together could actually improve your relationship, if you went about it the right way? You would probably be more inclined to give it a try. Tackling the tricky area of finance as a team can actually strengthen your relationship and keep … Continue reading →

Money Week in Review October 14 – 20

In Measure of Success Debbie offers great insight on what it really means to be successful with your money. She also gives suggestions to help you be truly successful with your money. In 10 Ways to Spend Fun Money Miriam shares her favorite ways to spend her free money. She also asks for your suggestions. What do you like to spend your fun money on? In Do You Have a Dream Salary? Miriam points out that making a lot of money is not going to solve your financial problems. It is important to manage your money so that you can … Continue reading →

Money Discussions

Discussing money as a couple is a complicated matter, but it is something you should find the time to do regularly and often. In addition to a habitual weekly money meeting, you should also consider a semi-annual money “retreat.” These weekly meetings can be at home amongst the hustle and bustle. They don’t have to be long or lengthy, just an opportunity to touch base on what bills are due and where the money is coming and going. It can be a good time to briefly discuss your monthly budget progress. These meetings can take 10 or 15 minutes. The … Continue reading →

Determining your Money Goals

When you first get married you don’t typically choose a mate because you share the same money goals. Once the passion shifts and reality sets in though, you do learn that coming together in a marriage means coming together financially. The main step to success in this merger is to derive a clear set of mutual monetary goals. This process can be complicated and emotional. It goes beyond the marriage to personal and family goals. Arriving at a consensus can often be a struggle. Let the following tips help you better determine your vision as a couple. 1. Start by … Continue reading →

Understanding the “Why” of Your Business

We spend a lot of time trying to figure out what we are going to do in our home businesses, and the how of what we do–but to really stay motivated and feel strong and secure in our business operations, we do need to know WHY. Why are we in business? Why do we do things the way we do and what is really, deeply motivating us? I have written before about my background in nonprofit management. While the use of the “mission statement” has seeped over into all sorts of businesses, nonprofit organizations are very obviously “mission-based”. This means … Continue reading →

The Gift of Fit Living

What is one of the best gifts you could give this holiday season?  How about the gift of health? Maybe you have been thinking about what to buy for someone you love.  Or you have been asked what you would like for Christmas.  The following are some fit living gift ideas. Let’s start with an easy one.  How about a gym club membership?  Sometimes you can get really good deals at this time of year.  You might receive a discount for the first year or three months free.   Shop around and see what’s out there. Fitness gadgets and accessories make … Continue reading →

Not All Debt is Bad

Yikes… what did you just read? Not all debit is bad?? How can that be? In these days of bankruptcies and foreclosures, how can anyone feel that any debt could be good? Just like anything else in life, your money management is a balancing act. If you constantly shower your kids with love and do everything you can to please them, you end up with troubled, spoiled children. If you spend all your time working, you end up unhealthy, stressed and lonely. You have to balance parenting with discipline AND love. You have to balance your work with the rest … Continue reading →

Retirement Accounts – Mixing Assets

The concept of saving for retirement is often confusing. My first recommendation to you is to call a financial representative from the company that holds your accounts. They often have loads of free advice to give. It can also be worth your time to pay a separate financial planner or advisor, particularly if your assets are huge or your situation is complicated. To help you in these discussions, it is good to understand a few basics when it comes to your retirement arrangements. The following facts should give you a starting place. • Determine your target retirement goals based on … Continue reading →

Retirement Dilemmas

Retirement is one of those things that seem so far off. Therefore, planning for it often takes a backseat to many other problems and concerns. The sneaky part about planning for your retirement is the sooner you start the better off you will be. That means you do have to make some time to confront retirement plans… long before you need them. The trick is to make it simple and low maintenance. Spend a week determining how you will plan for your retirement – then do it. If you set it up the right way, you shouldn’t have to think … Continue reading →

Evaluating Risks

Determining risk plays a huge role in money management. From selecting insurance, setting aside an emergency fund, to investing – you have to evaluate your personal financial risk. Usually, the more risk you take the more money you potential have, but then if your good luck runs out… risky choices can quickly ruin your finances. Ultimately you have to derive a comfortable balance. Being too risky can cost you money, but so can being too safe. The key is in finding the right balance given your unique situation. How do you do exactly that? There is no set answer that … Continue reading →