Lending money to family and friends is a big issue in our community. These transactions are as much emotional as they are financial, and they rarely end well. Here are five things to consider before you open your wallet or your checkbook for a loved one.
I went over a decade without a credit card. I've proven you can live without them. Now I am saying that some people, especially small business owners, might want to think about getting a card and using it wisely. Why the change?
Strong finances are enabled by good habits. These suggestions from everyday people can easily be incorporated into your financial life. Take control of your finances in 2012 -- one small decision at a time.
Looking back, 2011 may be remembered as the year that world leaders passed the buck. And much to the chagrin of people with savings accounts< and other interest-bearing deposits, this flurry of buck-passing may have doomed them to another year of low interest rates.
After nearly 30 years of helping people with their money, I figured out long ago that financial issues were rarely about rates of return or asset allocation. Money is usually about emotions. Most of the time, people are using money to buy something that is missing in their lives.
The credit industry affects all facets of personal finance and being ahead of the curve when it comes to credit issues could certainly help you save money and thereby lower stress. At the very least, you might learn something new!
For me, one of the best ways to learn about money is by listening to others who have been successful. I've found it profitable to seek out mentors, for instance. Plus, I like to gather with groups of like-minded folks to share ideas.