Growing up, my dad drilled certain financial lessons into us kids. First, live below your means. Second, put at least 25% of your paycheck into savings or an investment account. Third, protect your credit score. These are all great pieces of advice. However, I never really understood how credit worked and felt stupid asking. Unfortunately, […]
Is It Better to Have One Big Loan or Multiple Small Loans?
If you have several loans, you have probably have looked into debt consolidation. For some, it is a good option to get out of debt. But, is it always better to have one big loan or, could multiple small loans be the better option for you? Advantages of Having Multiple Small Loans Many people will […]
Wedding Advice: Of Love and Money
One of my grandchildren is getting married this June. He is a graduate student and she is a school teacher. I feel obliged to talk to them about love and money. Both are level-headed intelligent people. However, neither has ever been married before. I have been married three times. Therefore, I think I should lend […]
If You Don’t Ask You Don’t Get
You may have heard the expression, “If you don’t ask, you don’t get”. My kids sure have. It could save you a lot of money. Having the Right Mindset I believe that simple phrase is the basis of a sound money mindset. The idea is that everything is negotiable. Of course, not everything is. But […]