How To Be Money Smart

How To Be Money Smart

How to be ‘money smart’ in a digital world

(BPT) – Modern digital technology has replaced landlines, television antennas, VCRs, CDs and many other things that were once part of our daily lives – and the next thing to go may well be cash, so be money smart.

A few years ago, the idea that we would no longer use cash would have seemed outlandish, but it’s happening right before our eyes. A 2016 Gallup poll found only 24 percent of Americans made all or most of their purchases with cash, compared to 36 percent five years ago. Plus, according to a recent U.S. Bank Cash Behavior Survey, more consumers say they prefer the use of digital apps to make payments versus cash.

Digital payments, specifically person-to-person (P2P) payment technologies, have made it fast, safe and convenient to send and receive money from a mobile device. Where once people exchanged cash, they are increasingly sending money to one another via P2P technology services like Zelle(R), which connects the nation’s leading financial institutions to enable consumers to send fast payments to friends, family, and people they trust.

If you haven’t already joined the 100K consumers, on average a day, View full post…

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5 Managing Money Tips for Newlyweds

5 Managing Money Tips for Newlyweds

5 Managing Money Tips for Newlyweds

Getting married is still at the top of the list for being one of the most important decisions that we make. It’s amazing how those two words “I do” or “I will” can change our lives in very significant ways, especially in managing money.

In some states, marriage can change our financial picture whether we intended it to or not. There are a number of issues that newlyweds will need to discuss, but we’ll touch on the five that should be dealt with first. It’s very important that both spouses get on the same page as quickly as possible to avoid potential conflict.

File a Joint Account or Married Separate

The first important issue to discuss is the area of taxes. Usually this will focus on whether to file separate tax returns or to file jointly. Generally, filing jointly will result in lower overall taxes, however, this is not always the case. There are some situations where filing separate returns result in less taxes.

Some other caveats to consider. When filing jointly, both spouses are liable on the return. If, as an example, one of the spouses makes an error in reporting or not reporting income, both are View full post…

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4 Money Management Tips for Newlyweds

4 Money Management Tips for Newlyweds

Important money management tipsIf you think getting married is a tremendous emotional step, you would be correct. But, it’s also a major financial one too. Each one has their own individual goals and ways to handle money. We offer these money management tips in an attempt to get both spouses on the same page and frame of mind.

It’s best to discuss money management before marriage and decide on the method of handling the finances. Both long term and short term goals should be discussed. A lot of stress can be avoided later in marriage if these financial issues are taken care of early by View full post…

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How to Manage Money | Tips for College Grads

5 Tips for New College Grads on How to Manage Money

How to manage moneyThe big day has finally arrived and now you are about to see what the real world has in store. One thing for sure, you’re about to assume a lot of responsibility. Some of you who haven’t yet found a job will probably move back in with your parents. Others who have already entered the workforce may have moved into your first apartment. Either way, you’re about to get your first taste of learning how to manage money.

These five important tips weren’t View full post…

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Money Management Tips for College Students

6 Hot Money Management Tips for College Students

Money management tipsStarting college is one of those times when you had better learn about money management. In that regard, we are offering these basic money management tips to help guide you.

You’ll not only be meeting new friends, but experiencing that new freedom you dreamed about. In most cases, you’ll also discover that you now have a lot more financial responsibility…a lot more!

A study done by Sallie Mae discovered that more that 84% of new college students had one or more credit cards. The bad news is that many students were using these cards the wrong way. With an average balance in excess of $3,000.00, many were spending more than their income allowed.

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How to Manage Your Money With the 50/20/30 Rule

How to Manage Your Money – The 50/20/30 Rule

How to manage your money There is a budgeting concept that we came across recently. It’s called the 50/20/30 Guideline and shows you how to manage your money.

A firm, Learnvest Planners, say they use this plan for their new clients and shows them how their money is being spent. They say that it can be effective for a new college graduate in their first job or even a young family with children.

Most budgeting programs have different categories where you allocate a certain sum of money. The 50/20/30 rule breaks it down to three basic categories where a certain amount of money is allocated each month.  The plan also allows you to decide the order of the money being allocated.

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Learn How To Manage Your Money

Learning How To Manage Your Money Effectively

Learn how to manage your money & control spendingOnline budgeting software has worked for many individuals. However, as you learn how to manage your money, you’ll find that there are numerous methods that work.  Some folks like the online method and others prefer software on their own computer.

Some say they don’t like a budgeting software program at all, and would rather use a spreadsheet. Some individuals who have tried it said that they had more questions that actual solutions. By far, the biggest complaint was that a user seemed to not have control of their finances.

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Money Management Discussions | Achieve Financial Intimacy

Spouses Can Achieve Financial Intimacy With Effective Communication in Discussing Money Management

money management discussionsTake a wild guess and tell me what you think one of the leading causes of divorce is today. If you said money management, or better yet, the lack of money, you would be on the right track. Let’s take it one more step further and say this. One of the primary issues that brings a couple to a divorce lawyer, is the lack of communication in discussing finances.

You can do a search on the internet or even your public library, and you’ll find countless books that have been written on this topic. Each book may have a different strategy for overcoming the problem, but eventually they all have the same bottom line… “In order to overcome this serious marital problem, the topic of discussing finances must be done in a constructive and healthy manner by a couple.”

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Allowance for Kids | Should You Pay It

Do You Know What’s the Most Important Factor In An Allowance for Kids?

Is an allowance for kids a wise thing to do?What do you think about paying an allowance for kids as a method of teaching them about money? There are many opinions on this subject and who is to say which one is best?

Some present arguments saying an allowance for children is one of the best ways to teach him/her to be financially responsible. Others, however, present evidence that is just as convincing to the contrary. Both sides do agree that paying an allowance for kids will only work if the child is old enough to count money.

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No Credit Check Loans | Fast Cash

The Alarming Truth about No Credit Check Loans

No credit check loans is one optionDo a search on the internet for no credit check loans, and you will be bombarded with all types of offers. From approvals in ninety (90) seconds to depositing up to $10,000.00 in your checking account in a matter of a few hours.

Individuals that have low credit scores, and/or bad payment records, are the ones that these online lenders seek out. Unfortunately, these same individuals are the ones that usually need emergency type loans, and they are often caught in the short term borrowing cycle.

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