Pay Your Children in Their Currency


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Do You Pay Your Children? Teaching children about money can be as easy or as difficult as you make it. One thing that I have learned from raising my boys is that you need to pay your children in the currency that they desire and understand. To clarify, Grayson understands money. He has been able to figure simple sales tax since he was 5 and he knows what it means to work for a dollar. He understands that he needs to save. He understands that he needs to make good decisions with his spending … [Read more...]

Money Management – 3 Reasons to Negotiate Like Your Kids


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Kids and Money Management How money management can work with kids. Something happens to us as we age. We get soft. No, not around the middle, in our minds. In certain areas of our lives, we lose our edge. I realize that this is a blanket statement so this article will not apply to everyone. However, I do feel like there is something to be gained by all who continue reading. Recently, I have started getting up earlier than normal and getting my workout in before the sun comes up. Not only do I … [Read more...]

Shopping for Cars Tip #3 – Hot Lease Terms are Your Best Friend!


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Tip #3 for Shopping for Cars Before you start going ballistic sending me emails and commenting, please read this entire article on shopping for cars. If you have ever heard me speak, you know that I think that leasing a vehicle is one of the absolute worst financial decisions you can make. It falls right in line with having a car payment in my book. In fact, it's worse because you aren't really paying down any debt, you are perpetuating it! However, by and large people will do what society … [Read more...]

Shopping for Cars Tip #2 – New to you is as Good as New


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Shopping for Cars Shopping for cars can be fun. The anticipation of finally replacing that old clunker is exhilarating. If you followed our advice in Shopping for Cars Tip #1, and have been patient, the reward will very much be worth the wait. The next tip is really quite simple and very straightforward: Buy used vehicles. I am sure that you have heard the cliche that a car depreciates 30% the minute you drive it off the lot. It's honestly not too far from the truth. Once a new car is … [Read more...]

Shopping for Cars Tip #1 – Patience Pays Off


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Shopping for Cars with Patience I have heard the statistics and they are astounding. The majority of people that are shopping for cars will purchase a vehicle within 48 hours of stepping onto the lot the first time. I must admit, I am not helping that statistic any, but it's for a good reason. I don't go to the lot until I am absolutely ready to buy. I think sometimes we purchase cars out of necessity or self-entitlement instead of taking our time to be sure we are buying "value." It's a … [Read more...]

FICO Score – What Does Yours Mean?


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What is a FICO Score Anyway? So what does a FICO score mean? Well, your credit score is important, right? It is also valuable for you to know it. What's even more valuable is if you know it, you know what it means and can actually do the right things to impact it. In the financial services world, your credit score is often used interchangeably with the word FICO. Actually, to be 100% accurate, FICO is not a word which is why if you would have tried to look it up in the dictionary, you may … [Read more...]

What is Credit and How Important Is It?


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What is Credit Anyhow? What is Credit Exactly? Credit is a contractual agreement that you enter into with a company or person for money or goods with the intention of paying for it later. You agree to pay them based on their contract. If you default on that debt then you are looking at high fees, increases in interest rate and in many cases, financial legal obligations as well. Our credit is looked at to determine if we are financially trustworthy and dependable. Our borrowing capacity … [Read more...]

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