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Posted
Jul 21 2008, 05:16 AM
by
Karen Datko
Rating:
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
May 14 2008, 08:19 PM
by
Karen Datko
Rating:
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 15 2008, 11:43 AM
by
Karen Datko
Rating:
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
Dec 26 2007, 05:35 AM
by
Karen Datko
Rating:
This post comes from partner blog The Dough Roller. It's been said that money is the No. 1 cause of divorce. Or to say it another way: Marriage is about love, divorce is about money. To that we may add that money is the No. 1 cause of turmoil in a marriage. Strife over money can last years in a marriage if not properly addressed and, short of divorce, can drive a wedge between a husband and wife . This doesn't have to be, and so here are eight tips on fighting with your spouse over money. Honestly examine your own attitudes about money. We all have different views and attitudes about money -- how it should be spent, saved, given and so on. Before raising a difficult money issue with your spouse, honestly re-examine your approach and feelings about the issue. You may just find that you need to change as much as or more than your spouse. And if not, it will better prepare you for an open-minded discussion when you do raise the issue.
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Posted
Nov 08 2007, 10:29 AM
by
Karen Datko
Noting that fights over money can damage a marriage, Lazy Man and Money suggests reducing the human element and putting a budget in charge of the finances . This is a simple and brilliant idea. Lazy Man says he and his wife haven't argued about money since they came up with a budget and began reviewing it together every week. Together is the operative word. This won't work unless both parties agree . Lazy Man offers detailed instructions about how to reach a budget agreement, and suggests you formally acknowledge it with a handshake or signatures on the dotted line. He and his wife use a pinky shake. He writes, "When I’m over at our local electronics or book store and I see something I really want, before I just go and buy it, a mental picture of that pinky shake always appears in my head reminding me of the commitment I made." If it's not in the budget, he leaves without it.
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Posted
Oct 09 2007, 02:55 PM
by
Karen Datko
Rating:
Getting hitched to Mrs. Dough 19 years ago was the best money move The Dough Roller ever made, he reports in " My best and worst financial decisions ." Why? In the early days, she kept a lid on spending when Dough, a graduate student, was using the ATM "like it was a slot machine." Then, when it was his turn to work and hers to go back to school, she put him in charge of their finances and he learned the value of a buck.
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