Search Results for: blog how to make better financial decisions

How Much Money Do You Make?

Knowing that some fast food chains are handing out $5,000 signing bonuses to employees made me jealous… ahem! I mean curious. Curious about how many non-glamorous professions make up the top tier of highest paying jobs in America. If you think actors, professional athletes, politicians and Wall Street wheelers and dealers comprise the top spots, you might be surprised. According to the U.S. Department of Labor, the professionals that raked in the most dough in 2010 were: 1. Anesthesiologists = $166,400+ 2. Internists = $166,400+ 3. OB/GYN = $166,400+ 4. Oral Surgeons = $166,400+ 5. Orthodontists = $166,400+ 6. General … Continue reading →

Setting A Better Example

It’s exhausting sometimes having to be the only one setting an example for my child. I don’t always do a great job and I know that. We are all human with our own weaknesses, usually there are two parents to help even things out. He is strong where you are weak and vice versa. When you are a single parent you are going it alone. Hailey’s dad has been more influential by being a bad example and I have to say that I’m grateful for that. He struggled for years with drug addiction and knowing that her father doesn’t remember … Continue reading →

How to Make Better Financial Decisions

There are many popular New Year’s resolutions that people make regarding money. You may have decided that 2012 will be the year that you earn more, spend less, start saving for retirement, pay down your debt, or any number of other things. There is one very general resolution that does not sound very grand or exciting which can help you to take many different kinds of steps forward in the personal finance department. Have you considered “make better financial choices” your money resolution for next year? You may or may not have heard the old saying “if you do what … Continue reading →

Do You Want A Financial “Do Over”?

Does the state of your family’s finances make you want to throw your hands in the air and shout “do over!”? Sometimes, feeling like you are starting fresh can give individuals, couples, and families the motivation and inspiration that they need to get their finances back on track. If the idea of a fresh start appeals to you, here are a few tips that you can try. Whether you are taking a fresh start for your personal finances or working with your spouse to start your financial life over together, one very powerful thing that you can do that costs … Continue reading →

Are You Talking to Your Kids About the Financial Crisis?

According to money expert Suze Orman (who has become somewhat of a permanent fixture on “The Oprah Winfrey Show” as of late) the one bright side to our country’s current economic meltdown is that it is forcing parents to sit down and discuss money matters with their kids. Have you had the talk with your kids yet? You might have if you recently cancelled a planned family vacation in order to pay the mortgage or if you disconnected the cable in order to pay for food. Our nation’s current economic crisis has forced millions of parents from coast-to-coast to look … Continue reading →

Are You Making Decisions in Desperation?

I am not saying that a person cannot make decent decisions under pressure, but I do think it is far better to come from a position of strength and level-headedness than to be making decisions that affect our home businesses when we are feeling desperate. People tend to be more inclined to take uncalculated risks when they are feeling desperate, and desperation can make people do all sorts of unsavory and ill-advised things. I know that we cannot always be expected to come at our businesses and our problems from a place of strength and confidence; there are certainly those … Continue reading →

Finding a Financial Planner

Discovering the perfect financial planner for your family’s needs takes a bit of homework. Although it can be a timely and lengthy process, ensuring that you find someone to trust is critical. Unfortunately, all it takes is one unscrupulous or misinformed individual to ruin your life savings and potential earnings. A great place to start your hunt is at the National Association of Personal Financial Advisors. There is a collection of qualified financial planners listed through them, but don’t assume they are all right for you. It is still important to take further steps to find the best financial advisor. … Continue reading →

Five Financial Minutes Each Day

Do you feel like your finances are spiraling out of control? Is it difficult to find the time to balance your checkbook every month? Are bills late and important paperwork forgotten because you just feel so overwhelmed by what you should be doing? The easiest solution is to just spend five minutes a day looking at your financial picture. It really only takes about five minutes to glance at your balances, record any receipts you may have and check to see how much you have left in each category. If you are married this activity works best if you do … Continue reading →

Keep an Eye on Financial Risk

Yes, running a business IS about making money…and, yes, it does take some spending of money to make money…and, yes, there is an element of financial risk in just about everything we do in our home businesses—but that doesn’t mean that we shouldn’t keep an eye on the financial risks that do present themselves and try to keep that risk to a manageable minimum. What constitutes financial risk? Well, you will want to keep an eye on the expenses, or course, but you will also want to keep an eye out for areas where you are considering growth or expansion … Continue reading →

Money Decisions and Marriage

How are financial decisions made in your family? In some relationships the money is divided into yours, mine and ours. The husband and wife each contribute part of their salary to the household pot, and then they keep the rest. While this may work for some people, it would cause a great deal of stress in my life. Is there one spouse in your relationship whose vote counts more when it comes to saving and spending money? Or are you an equal team when it comes to making serious financial decisions? Does it matter if your spouse makes more money … Continue reading →