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Posted
Aug 12 2008, 02:50 PM
by
Karen Datko
Rating:
Some people blame the system or fate or bad luck for their inability to get ahead in life. Could they be right, or are there steps most people can take to improve their financial situations? In a post called "Victim mentality and personal finance" at Moolanomy, Pinyo wrote about a couple he knows who have spent 20 years in poverty and believe "that was the hand they were dealt." He begs to differ. He said that blaming seemingly uncontrollable circumstances is counterproductive, and that "victim mentality is detrimental for your financial health."
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Posted
Jul 30 2008, 01:36 PM
by
Karen Datko
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Jesse at You Need a Budget is a personal-finance blogger -- not a marriage counselor. But he has some exceptional advice for couples who don't see eye to eye about money in a post called "The one secret to money in marriage." Actually, his headline is an understatement because his post has lots of fine advice. For instance, ask yourself this question from Jesse: "What do you hear when your spouse tells you 'money is tight.' Do you hear blame or shared concern?"
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Posted
Jul 27 2008, 12:43 PM
by
Karen Datko
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The headline on JW's post at We Need To Be Debt Free says it all: "What's the use?" He's been working hard to aggressively pay off about $41,000 in non-mortgage debt, and then his wife revealed at a marriage-counseling session that she's been hiding -- and using -- two credit cards. "When she mentioned it, I felt completely broadsided. It was like being run over by a truck," he wrote. The damage to his debt-reduction plans? Just over $4,300.
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Posted
Jun 12 2008, 05:11 PM
by
Karen Datko
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Flying ants swarmed at Jill's rehearsal dinner, the nearby military range tested its big guns during the wedding, and then cousin Taylor fainted and hit his head on the house, requiring a trip to the hospital. Then, during the reception, the town's power went out. What does this have to do with frugal wedding planning? Well, nothing, really (although Jill's post at Naturally Gluten Free does include some cost-cutting tips). But it's part of the fun reading in what we promise will be the last word on this subject. (OK, we're probably lying.) No fewer than 33 personal-finance bloggers and readers submitted entries to Pinyo's "Best wedding tips and stories giveaway" at Moolanomy.
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Posted
Jun 10 2008, 12:35 PM
by
Karen Datko
Sure, it's sad that TV icon Ed McMahon is facing foreclosure on his $6 million Beverly Hills mansion. But "PT" at Prime Time Money is irritated by the way McMahon has gone public with his housing woes. Ed has said he hopes his story will help others who are about to lose their homes. "In my opinion, a millionaire, who could get any type of mortgage he wanted, has no business being the spokesperson for the foreclosure issues facing the few who really got duped," PT writes. "... I'm convinced he's simply hyping this to get the house sold."
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Posted
May 20 2008, 01:46 PM
by
Karen Datko
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Lying to your spouse about your spending -- and your debt -- can be very damaging to your relationship. But that doesn't stop people from doing it, observes "Gibble" at Gather Little by Little. A survey done for Redbook and lawyers.com found that 29% of people between the ages of 25 and 55 have lied to their significant other about their spending. Also of note: 24% said truthfulness about financial fidelity/infidelity is more important than honesty about the nonfinancial kind, according to a post by Gibble. So, he asks, what should you do if you find out your spouse has been hiding, say, $20,000 in credit card debt?
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Posted
May 14 2008, 08:19 PM
by
Karen Datko
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Wouldn't we all love to have this dilemma? Inspired by a letter to the editor at Money magazine, "Flexo" at Consumerism Commentary wonders when it's appropriate to tell your boyfriend/girlfriend that you're wealthy. The letter writer apparently had been burned by some guy looking for a sugar momma. Flexo says, "It's probably not appropriate if you're on the first few dates, but if you're starting to pick out rings or talk about living together, I don't see how these decisions can be made without full financial disclosure."
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Posted
Apr 29 2008, 02:34 PM
by
Karen Datko
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We think cash is a great gift, particularly for newly married couples and for babies. But how much is too much or too little? "FrugalTrader" at Million Dollar Journey asked his readers this very question. "This is a tricky question and probably something that not a lot of people talk about," he wrote. Like many good posts, a lot of value can be found in the comments (although some readers were sidetracked by a heated debate over how much to spend on one's own wedding).
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Posted
Apr 15 2008, 11:43 AM
by
Karen Datko
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Just because you've received invitations to eight spring and summer weddings doesn't mean you have to go to all of them. And you aren't obligated to spend as much as those couples did for your wedding. Aryn of Sound Money Matters offers 10 tips for choosing how to honor the bride and groom without overextending your budget. Her advice is very practical and also holds true to the sentiment that these events shouldn't be just about the money. Wear the same outfit to every wedding. Honestly, no one will care. Shop the registry early before the lower-cost gifts disappear. Combine a few simple registry gifts into one gift rather than veering from the list. "Trust me, if they didn't register for the $50 10-glass set, they don't want it," Aryn writes.
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Posted
Apr 09 2008, 05:13 PM
by
Karen Datko
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When we read about Amy's plans for her wedding at My Daily Dollars, we wanted to be invited. This excellent post explains how you can celebrate in an incredible setting with fabulous food for less than $5,000. First of all, decide what your wedding means to you. "When I imagined my wedding day, what always got me the most excited was the fact that it will be one of the few times in my life that many of the people I love will be in one place at the same time," Amy writes. "Once I had that in mind, other things started to fall into place." Base the theme on the location, not the other way around. It takes a lot of money to transform a boring social hall into a special place. Her wedding and a "scrumptious picnic reception" will be at a lodge in the state park where she and her fiance had one of their first dates. She adds, "I'm planning for a hike down to the river in my wedding dress."
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