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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
Jul 21 2008, 05:16 AM
by
Karen Datko
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This guest post comes from Ron Haynes at The Wisdom Journal. I think few people would disagree that children learn many of their life skills from their parents. From parenting to work ethic, to spousal relationships, to personal finance, the most important things in life that children learn are those taught by the example of their parents. That isn't just a broad opening statement, it's truth borne out of years of investigation by researchers -- and from parents and grandparents who witness it every day. I've been thinking lately about what my children are learning from me because, as a parent, I am a model for my kids. But it's my choice whether to model good behavior or bad, and my example, much more than my words, will leave a lasting inheritance with my children.
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Posted
Jun 27 2008, 08:49 AM
by
Donna Freedman
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A jewelry ad I've been hearing on the radio fills me with weary disgust. The announcer suggests that as we grow up, we lose the capacity to delight in simple joys like ice cream. That's why it's important to surprise a woman with jewelry, whether it's to commemorate a specific occasion like the birth of a child or "just a gift to say 'I love you.'"
From ice cream to ice. I suppose that's a logical progression in a society that stresses acquisition as the symbol of true success.
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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
May 12 2008, 09:45 AM
by
Donna Freedman
Rating:
Yesterday my only child, Abby, wed her sweetheart, Tim. Today they are frolicking in Florida. They achieved both happy states without breaking the bank. I recount this to encourage other young couples who wonder if they can "afford" to get married.
Well, of course you can afford it. Marriage licenses are cheap and so are civil ceremonies. If by "afford" you mean "can I go into debt to satisfy other people's expectations" -- well, that's a question that only you can answer.
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