Retirement is right around the corner for many people, but unfortunately they are not financially prepared to stop working. The thought of retirement has become a dream or a risky proposition instead of a reward for all the years they spent working. Retirement is 25, 30, or 40 years away for many other people, and […]
Read MoreAlbert Einstein said, “Compound interest is the most powerful force in the universe.” Click here to see a great example of this statement. I would agree that compound interest is a very powerful force. It is truly powerful when your money makes more money and more money based on the interest rate you get. Unless […]
Read MoreMany people say they do not know how to save or that they do not make enough money to save. This is evident by the fact that half of Americans have less than $1,000 in savings. A lot of these same individuals find themselves in a bind when an unexpected event takes place such as […]
Read MoreOne of the reasons bank customers with checking accounts are willing to pay an average of $33 every time they have an overdraft is because they want to avoid embarrassment. Of course, average means that some Overdraft Fees are higher (as much as $39) and some are lower (around $25). Either way, that is a […]
Read MoreBudgeting, Debt Reduction, Spending Tracking, Saving, or Income Protection. Where do I begin my Money Management journey? All of these areas are very important steps in the process. In fact, they are all topics that I teach and review during workshops, seminars, and one on one coaching. However, I would argue that none of these […]
Read MoreOne of the most important 3 digit numbers in your life is not your weight, unless you are talking about your physical health. In that case a “good” number is subjective and relative. One of the most important 3 digit numbers in your life related to your financial health is your credit score. Your credit […]
Read MoreWhen I started in banking over 30 years ago, there was mainly one card that was used by customers. That was a credit card. Today with the decreased use of checks and the increase in alternatives to banking, there has been an increase in the types of cards available to customers. In addition to credit […]
Read MoreDuring my many years in banking I worked for several banks. Some were big, national banks and some were small, community banks. Some were service oriented and others were sales oriented. Some said they were service oriented but were actually sales oriented. Why would they say that, you may ask? Because a service focus is […]
Read MoreCredit scores matter. There is no doubt about that. Especially if you are trying to get a credit card, purchase an automobile, or get a mortgage. However, many people do not know their credit score, what their score is made up of, and what can increase and/or decrease your credit score. Knowledge of this information […]
Read MoreIt has been said that the best thing about grandchildren is that you get to spoil them and then send them back home to their parents. Grandparents love to spoil their grandchildren. They especially love to shower them with gifts, including toys and clothes. As I look on social media and see many excited new […]
Read More