Does Missing Debt Payments Improve Your Credit Score?

Does Missing Debt Payments Improve Your Credit Score?

Mike Brown of LendEDU shared the results from the survey Millennials & Credit Cards Survey & Report conducted by the company.  500 millennials were asked various questions regarding credit cards.  The results were remarkable and support my ideology that financial education should start in elementary school and continue every year through kid’s senior year in high school.

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What to Do About the Equifax Breach

What to Do About the Equifax Breach

Equifax announced last week a data breach involving potentially 143 million consumers occurred on July 29.  Louis Basenese states in his article, How to Survive the Equifax Hack, Equifax may have known of the hack as early as May.  It’s unclear why we are just now finding out about this in September just ahead of Hurricane Irma news, but it’s done.  Now, it’s time to determine the best ways to protect oneself against a month-old, or longer, breach.  In other words, the breach has a lengthy head start on whatever havoc it will render.

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Should Companies Provide Financial Education to Employees?

Should Companies Provide Financial Education to Employees?

I am working on my doctoral degree in Business Administration with a specialization in Finance.  Since my company focuses on creating paths to financial literacy, I wanted to explore a business problem that focused on financial education.  In my search for a topic for my doctoral research study, I decided to explore the impact on employer costs and worker performance and productivity when companies offer financial education to employees. 

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Resumes, Cover Letters, Interviews, and Thank You Notes

Resumes, Cover Letters, Interviews, and Thank You Notes

The most important aspect of managing money is having it to manage.  For most people, obtaining money comes from earning it working for a business.  To get a job, individuals must be competitive in the marketplace and often times the first impression a company will have of you is through your cover letter and resume. 

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The History of Cash

The History of Cash

Trading, also known as bartering, dates back to the beginning of time.  Initially, money in the form of coins and paper did not exist.  When a person needed or wanted something, they would trade something they owned or a service they knew how to do to get it.  Sometimes people would trade gold or silver to obtain what they needed.  For example, gold or silver might have been traded for livestock.  Different objects were valuable to different people.   

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Preparing Teens to Manage Finances During College

Preparing Teens to Manage Finances During College

College is a time when most kids have one foot out the door toward independence.  Once they graduate college, and obtain their first job, the hope is they will move out and become financially independent.  One way to help them toward that goal is to begin preparing them before they enter their college years.  The following list will get you started to that end; although, the list is not exhaustive.  You may discover other financial areas where they need guidance and training.

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Don’t Expect a Pay Increase to Fix Financial Woes

Don’t Expect a Pay Increase to Fix Financial Woes

Many people find themselves spending more than they make each month.  According to the Financial Industry Regulatory Authority (FINRA), 60% of Americans spend all or more than they earn.  In the past few years, there was a discussion about raising the minimum from $10 to $15 an hour, a 50% increase.  The argued justification for a minimum wage increase significantly higher than the rate of inflation is that companies make huge profits and can absorb the costs.  The reality is quite different, however.

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Financial Education in the U.S. Gets an “F”

Financial Education in the U.S. Gets an “F”

Would you prefer to listen to a podcast on this topic?  Financial Beeswax’s Episode 12 discusses why financial education is failing to teach personal finance.  

We have all seen the personal finance materials available on the market.  The options to learn are vast with group studies, books, podcasts, etc.  If that’s not enough, there are consumer credit counseling facilities and personal finance gurus who teach classes and meet with people one-on-one.  All of that and more still isn’t working.  My husband always says, “If you identify a problem, make sure you create a solution.” 

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Your Leadership Style and Financial Attitude

Your Leadership Style and Financial Attitude

Would you prefer to listen to a podcast on this topic?  Financial Beeswax’s Episode 11 discusses how your leadership style is expressed in your attitude toward personal finances.  

Leadership is a popular topic these days.  The study of leadership began in earnest in the late 1900s and early 2000s.  Now, many colleges offer various degrees in leadership.  Interestingly, many people view leadership as a positive characteristic even though there are many examples of coercive leaders throughout history.  Recently, I took an Organizational Leadership course in my doctoral program.  It fascinated me that the definition of leadership is still hotly debated.

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