Are You in Drive-by, Destination, or Dweller Mode with Your Finances?

Are You in Drive-by, Destination, or Dweller Mode with Your Finances?

The recent cold and snowy weather has made it difficult for our daughter to drive herself to school and work, causing my hubby and me to drop her off and pick her up.  Earlier this week, we decided to run a couple of errands together and pick up our daughter from work.  While waiting for her to finish her shift, we began to ponder how people deal with their finances or money management.

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The Credit Score Fight

The Credit Score Fight

A Wall Street Journal article, A Fight Over the Credit Score Lenders Use for Your Mortgage, by AnnaMaria Andriotis, discussed how non-bank mortgage lenders want to use credit scoring by VantageScore.  A similar article, This battle over credit scores could shake up the mortgage market, can be found on The Real Deal. 

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Who Controls Your Budget? Your Kids or You?

Who Controls Your Budget?  Your Kids or You?

            John Rosemond wrote the article, “Your kids should not be the most important,” detailing how some parents tend to make children the most important focus of their marriage.  He gives a few examples how parents treat their children as more significant than themselves.  I would like to add to his examples of parent’s letting kids control their budgets. 

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Domestic Absorptive Capacity and Spillover Effects

Domestic Absorptive Capacity and Spillover Effects

Are you planning on a joint venture, acquiring another company, or merging two companies?  Have you considered the absorptive capacity of the smaller company?  Are spillover effects a possibility?  How will company culture be affected?  These considerations are typically missed or avoided when only domestic companies are involved in joint ventures, acquisitions, mergers, etc. 

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Staying Financially Organized with Christmas Shopping

Staying Financially Organized with Christmas Shopping

While the holidays occurred every year at the same time, they still seem to creep up on us.  Sometimes, we get into a panic to get everything ready, which includes buying gifts.  Managing finances during the holidays can be overwhelming when we feel rushed.  Shopping for gifts for friends and family for Christmas is fueled by an emotional high brought on by the excitement expressed in retail decorations, music, and traditions. 

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What Financial Legacy Are You Leaving? Part II

What Financial Legacy Are You Leaving?  Part II

We began this two-part series with What Financial Legacy Are You Leaving? Part I.  We shared that leaving a financial legacy is more than just leaving money to heirs.  We talked about enriching a financial legacy with financial education, integrity, stewardship, end of life preparation, retiring debts, and generosity. 

We covered the first three topics, financial education, integrity, and stewardship and we are continuing with end of life preparation, retiring debts, and generosity in this post.

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What Financial Legacy Are You Leaving? Part I

What Financial Legacy Are You Leaving?  Part I

Many people do not think about the financial legacy they are leaving to the generations following them.  If they do, it is usually not until they are nearing or in their retirement years. The topic is not common in conversations for obvious reasons.  Can you imagine how a conversation might go especially for those who haven’t given the topic any thought?  It could be rather uncomfortable.

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Ways We Waste Money

Ways We Waste Money

My Granny used to say, “Take care of what you have until you know where your betters are coming from” all the time.  I’m not sure if she picked up the saying from her mother or father, a book, or someone else, but it stuck with me.  Although, I have not always heeded her sage wisdom.  She was telling me not to waste money, which many of us do on a regular basis.

Here are some ways people waste money:

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