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Twelve Personal Finance Mistakes – Plan Major Purchases »

I love the internet.  I truly do.  Why?  Because it is an endless source of information, both good and bad and it forces you to think about what you are reading.  That resource can be utilized to research almost anything.  If you going to need to make a major purchase, you can use this resource [...]

Twelve Personal Finance Mistakes – Employee Benefits »

What does your employer really offer to you as an employee?  I’m not talking about raises; there won’t be many of those this year.  But there are benefits that employers offer to employees that many do not take advantage.  For instance, everyone thinks of getting medical insurance.  But does your employer offer different kinds of medical insurance? [...]

Twelve Personal Finance Mistakes – Learn Self Control »

Know the difference between ‘needs’ and ‘wants’.  You want a flashy sports car, but you don’t need it.  You need transportation to get back and forth to work, but you might not want that ugly Yugo.  But a Yugo is all you can afford, so lay your eyes off that new Jaguar.  It’s OK to [...]

Twelve Personal Finance Mistakes – Teach Your Children Well »

And the one they pick, is the one you’ll know by.  (Crosby, Stills, Nash & Young, 1970)  Children are part of the family and while they might not understand high finance, they are sensitive to the stress and strain that an out of control budget will bring on any family. You are not doing your children [...]

Twelve Personal Finance Mistakes – Emergency Funds »

Every good budget needs an emergency fund.  What is an emergency fund?  It is savings that you have put aside for that unplanned expense that just has to be paid.  It is not for impulse buys.  It is for that car repair that needs to be performed so you can get back and forth to [...]

Twelve Personal Finance Mistakes – Private Banking »

Do you remember that saying, “Never a lender nor a borrower be”?  It is sound advice founded on personal experience.  It is amazing how often family or friends will go the extra mile to lend to each other.  It is good to support your family or friends, but nothing ruins a relationship faster than a [...]

Twelve Personal Finance Mistakes – Set Limits »

Part of every plan is a budget.  Part of every budget is limits in spending.  If you set limits in the budget, you can reach your goals.  If you don’t set limits, soon spending is out of control and soon you are on the endles treadmill of trying to pay off that credit card debt [...]

Twelve Personal Finance Mistakes – Share Goals »

The greatest mistake most people make with their finances is to set goals and plan.  In a family situation, that problem is made worse by failing to set mutual goals.  If one spouse has a goal of buying a great bass boat and the other spouse is working towards a new house, the goals will [...]

Twelve Personal Finance Mistakes – Work With a Partner »

In a family situation, it is important that everyone know what the finances are.  When the finances are a deep, dark secret, there is no information upon which family members can decide whether a spending decision is appropriate.  Nothing inhibits that impulse buy and soon the bidget is blown.  By working with a partner, not only will the information [...]

Twelve Personal Finance Mistakes – Failure to Plan »

Are you living from paycheck to paycheck”?  What happened to that grand plan to be a billionaire at age 30?  What happened is that you didn’t plan to make your dream a reality.  Goals don’t just happen, they are reached after detailed planning.  The single largest mistake my clients make is failing to make a [...]