Debit and credit cards are both convenient ways to pay for goods and services. Debit cards pull funds directly from the user’s checking or savings account, while credit cards use money from a creditor to pay for purchases. Because there is no lender in a debit card purchase, nothing is reported to the credit agencies. …
To Debt or Not to Debt? Debt. To some, the word alone brings up stress, shame and feelings of overwhelm. For others, it makes them think of opportunity, goals and a means to and end. A lot of Financial Coaches have a strict no debt stance, but I am not one of those coaches. Here …
A lot of time is spent talking about income – and rightly so, it is a really important part of daily life. People talk about their income as being the yardstick they use to measure their success. The one thing I don’t hear people talk that much about is wealth. I want to argue that …
People ask me why are you a coach and not an adviser? There are a few, but lets focus on the most practical reason. Accountability. I started working out with a trainer in the 9th grade. My dad worked for Nautilus and built a small gym in our basement. I played soccer and ran track. …
I hate feeling obligated. I don’t like to commit to doing things in the future. I don’t want to have to do anything. I want to keep myself open to doing the things I WANT to do. It’s all about options and choice for me. It’s all about opportunity costs. If I commit to doing …
There is a reason that furniture and car dealerships will offer to do your taxes for free. They want their hands on that REFUND I, like most people, used to love a good tax refund. A couple of grand in late winter, all at one time, that I could actually DO something with! Sa-weet! Let …
This is a true story, and though maybe not the gentlest way to teach a personal finance lesson it touches on a few topics, so here we go: I was a recent college grad still looking for my big girl job. I was working full time making roughly $38k per year. I had a pretty …
A lot of people my age have kids in college or getting ready to graduate. One of the things that should be top of mind for young people of that age (and by default, their parents) is how do I start to establish credit? One of the hardest things to do in the “real world” …
But it ain’t what you cop, it’s about what you keep Lauren Hill, The Final Hour I did most of my growing up in the 80’s and 90’s. That is about when “Lifestyles of the Rich and Famous” made its debut and MTV “Cribs” was giving us a glimpse into the (alleged) good life. Now …
The reason I am starting this blog is because I have been blessed. I was extremely lucky to be born to two parents who started from very humble beginnings, but were able to make a life for themselves by being very good at managing money. As a result, I grew up in a household where …
