Couple Money Management: When a Saver Loves a Spender

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Managing money together as a couple can be one of the most stressful parts of a relationship. Everyone has their own ideas of how much to save and how much to spend, not to mention different priorities and different habits. So imagine how much more difficult it becomes when one partner is a classic “saver” and the other is a classic “spender”. How do you cope and manage your money together as a couple?

To excel at couple money management, you need to compromise, even if one of you is a saver and the other is a spender. Here's how to do it without fighting.I consider myself fortunate to have found a partner who generally feels the same way I do about money, saving, and spending. And yet, my wife likes to spend a bit more money than I do, sometimes putting her in the spender role and me in the saver role. We always manage to work out any monetary disagreements with a quick conversation and a bit of time to think. One of the key things we’ve realized though is that it isn’t so much that she’s the spender and I’m the saver, but that we spend on different things. Continue reading

Living Large and Saving Money in a Tiny House

It was just a couple of years ago when I first heard of a new trend growing in and around my area. In NYC, they were building tiny apartments in some of the most expensive and sought after locations in Manhattan. There were places where the rents were just astronomical and only the rich and famous could dwell. Tiny apartments? It was something that certainly peaked my curiosity quite a bit. After all, haven’t most of us always thought the concept of bigger is better as the way we should go?

Could you ever see yourself living in a tiny house? It can be a great way to save on expenses, but more than that, it's a lifestyle.

I became even more curious and puzzled when I found out some of the details. I thought, what is tiny anyway? Most of the people I knew where always looking for a nice big place to live. You know the kind I mean with multiple bedrooms, an office, and an eat-in kitchen, and yes a couple of bathrooms too. That is an apartment! Continue reading

Track Your Financial Health with These 6 Vital Signs

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When you go to the doctor, they check your vital signs like blood pressure and temperature to make sure you’re healthy. But what about the vital signs for your financial health? These numbers tell you if you’re financially healthy (or not!) and can give you goals to shoot for.

Just like your doctor measures your vital signs to check your physical health, you need to track these 6 vital signs to monitor your financial health.Over time I’ve learned the hard way that I have to go to the doctor and get checked out or else my health suffers. It’s the same with your money. If you don’t pay attention to your financial vital signs, you’ll be headed for disaster. Continue reading

Making Money at the Flea Market

Earning extra money can help just about anyone deal with the pressures of trying to make ends meet these days. If you have a job, even a good job, getting a pay raise has been tough over the past few years. It’s been so tough that side hustles, a way of earning extra cash, have become pretty common. It may be a cure for a specific financial problem (like getting out of debt), or it may be the way to get ahead long term. And even better, it can be fun and fulfilling too!

Making money at the flea market can supplement a full-time income and help you balance your budget. Here are some tips on making the most of your sales.

 

My own experience comes from something I did for several years…making money at the flea market. Continue reading

“Terminal Tech” – 7 Dying Technologies to Dump & Save Money

It’s almost the year 2017 (why do I think that phrase should be followed by the words: a space odyssey?) and you may think you are totally onboard with all the latest in electronics and technology trends that are happening right this minute. After all, you have so much stuff you bought in the past couple of years and it’s all over your house, so much so that they know you by name down at the local Best Buy. But wait just a second. You’ve spent a small fortune on that stuff, haven’t you? And painfully, I have to tell you, it may not all be around and useful that much longer. You may think it was all money well spent, but here’s a wakeup call: there are dying technologies out there.

When you add or replace technology, make sure you're not buying dying technologies! Here are 7 pieces of "terminal tech" you shouldn't waste your money on.

Technology is changing every second and overlapping itself again and again. It is all very confusing. The companies that have brought it all to you are really good at advertising, promoting, and tempting you. They want to convince you that everything is a must have and you are completely out of the loop if you don’t buy right now! Many folks are still quite happy with what they have, even the 20th century tech (yes, it’s still around). But, there are about 83 million millennials who think that 20th century tech was a “B movie” and they demand more! Continue reading

Moving to Another City: Are You Ready?

Today’s guest post on moving to another city is sponsored by CO-OP Financial Services.

On average more than 40 million people move each year in the U.S. and it is estimated that 80% of those moves occur between April and September. If you’re considering moving to a major city, to pursue career opportunities, be closer to family, or just a change of scenery, you’ll want to be well prepared to make the big transition. Here are some questions to ask yourself to make sure it’s the right decision for you:

Moving to another city can be a big undertaking. There's lots to consider when making this decision so here are some tips to get you on the right track. Continue reading

Saving is Hard, Spending is Easy: How to Save More Money

In the first quarter of 2016, American consumers paid down over $27 billion in consumer credit card debt, according to the Federal Reserve Board. That may sound really impressive to you, but it’s not. $71 billion was spent in the first quarter on credit cards. The payment of $27 billion was the lowest one quarter payment on credit card debt in any quarter since 2008. Americans currently have on the books over $3.6 trillion in credit card debt and that number is rising. Consumer debt in total today is at an all-time high.

Saving is hard, but you can learn how to save more money. Here are 4 reasons why we spend more than we save and what you can do to change it.

So why has it become so much harder to save money and control your consumer debt? And how can you stop your consumer debt and learn how to save more money? Continue reading

The Stock Market: Should You Invest in It?

I’m not going to claim that I’m an expert on the stock market despite the fact that I spent years advising people and helping them invest their money while I worked for several large banks. In fact, I don’t think there is anyone that can really claim to be one. Yes, I know that there are some people who claim to be experts. They advertise that and even have some monetary results offered as proof that they are. But in my humble, non-expert opinion, advising and successfully picking stocks in the market is very difficult. It’s a high risk maneuver at best, and I’ve actually compared it to gambling in my past writings.

If you're wondering, "should I invest in the stock market?", then read on for some considerations before you decide to invest.

Having said that, I will have to admit that some people who gamble actually can win big. While the stock market isn’t exactly spinning a wheel and hoping it lands on “jackpot”, it is a guessing game where you can educate yourself and then make a “smarter guess” than the wheel spin might offer. So you may be asking yourself, “should I invest in the stock market?”. Here are some facts to consider. Continue reading

13 Principles of Negotiation That Save You Money

I believe in the rule that just about anything and everything can be negotiated. When you think about it, you’ll find that it’s really true. The trouble is that so many of us never take all the opportunities we have to negotiate and that happens for a myriad of reasons. You may think of negotiating in some areas as common and welcomed but you also may think of other areas as places where it is just not appropriate. You may be nervous about it or feel you don’t have the skills to do it. And that’s the problem. If you don’t try to negotiate for what you really want and need, you won’t ever feel assured that you’ve done the very best you can do for yourself.

13 Principles of Negotiation That Save You Money

I didn’t know anything about how to negotiate when I was young, but as fate would have it, when I was just age 23, I got a job as an assistant buyer for R.H. Macy Corporation. I was thrown right into the position of negotiating purchase prices, terms, advertising, and all the rest for my department, all of which affected the bottom line profit. I can tell you this, you either learn to become a good negotiator or you are out of a job pretty quickly in a situation like that one. So, I started learning from some of the very best negotiators around the company and what I learned all those years ago became part of my skills forever. Those skills carried over from the buying office to my everyday life and they have served me well for almost 50 years. Continue reading

Scary Medicare Costs In 2017 Will Affect Millions

We are closing in on the time of year when Medicare and Social Security will be making changes to the benefit amounts and the costs to the over 50 million recipients of the programs, which include both retirees and the disabled. Right now, there’s potential for a real financial heartache and what will scare you is what is currently being considered for 2017. The official announcements for the Social Security Board of Trustees (SSBOT) and the Medicare Board of Trustees (MBOT) will come in just a few weeks in October 2016. In fact, the MBOT just met this month to gauge the need to increase Medicare costs to its covered users.

Scary Medicare Costs in 2017 Will Affect Millions

Any adjustment in the COLA (Cost of Living Adjustment) or Medicare premiums will be announced in October by the SSBOT. I’m sure it will be debated and discussed as it has been done over the years, since two of the past three years have seen no increase to benefits as they made the decision that inflation was at zero. These decisions have been highly controversial because many recipients feel that there is significant inflation in many basics like food, healthcare, and prescription medicines while SSBOT uses a “basket of items” to make their decision. The significant fall of the price of gasoline has had a big impact on cost of living, despite the fact that it isn’t the big influence on seniors and disabled people that it is on younger, healthier active ones who work, commute, and even travel more often that SS recipients. Continue reading