Carrie and Danielle - Latest Comments in What’s the best money advice you’ve received?

Re: What’s the best money advice you’ve received?

taylorstar — Tue, 25 Nov 2008 04:29:25 -0000

Before you can create budgets or set goals, you have to know where you stand--and that means revealing your complete financial picture to each other.
“Marriage is an institution – if you don’t mind being institutionalized.” Groucho Marx, sage, wise aleck, and comic extraordinaire made that famous quote, and it certainly rings true. However, things on that landscape have changed in the last 60 years in America. Since the World War 2 era, the divorce rate has climbed to just over 50%, and the most common reason for divorce isn’t parenting disagreements, nor is it over abuse or infidelity but “money”, conclusively, and once a couple decides to take that plunge, they often end up over their heads because they don’t know just what they’ve gotten themselves into, and many couples have to resort to payday installment loans. Compromise and teamwork are essential, and so is communication. Money management for couples is vital, and there may be times that you have to get payday installment loans to keep yourselves afloat for awhile. Communicating effectively and well is such an essential life skill, and the impact that not being able to do that are far reaching, as it can adversely affect your personal relationships, and your career. If you don’t effectively communicate about finances with your spouse, then it will lead to problems
Click to read more on Payday Installment Loans.

Re: What’s the best money advice you’ve received?

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Re: What’s the best money advice you’ve received?

Sheri — Mon, 09 Jun 2008 23:18:39 -0000

1. Tithe 10% off the top.
2. Pay yourself 10% after that.
3. Pay off credit cards every month.
4. Bank a car payment every month even if your current car is paid for...makes for a nice downpayment next time.

Re: What’s the best money advice you’ve received?

Janet — Fri, 06 Jun 2008 12:27:41 -0000

Invest small amounts often. Despite the highs and lows of the market, your money grows over time. So every month I have automatic transfers adding to my RRSPs and investments and I don't even notice it.

Re: What’s the best money advice you’ve received?

Ngonzi Truth Crushshon — Thu, 05 Jun 2008 17:40:04 -0000

Invest/Save your money while you are able to work, so when you are no longer able to work your money will take care of you. Every penny counts. What is the mission of your money? Are you spending your money on things that are in line with your goals & dreams? Save $50 every paycheck. Always tithe 10% to God/church.

Re: What’s the best money advice you’ve received?

katie — Thu, 05 Jun 2008 12:20:58 -0000

Invest in yourself, I put away as much as i can and me and the kids live a content life. I use that money for fabuolous camping trips for my family and my once a year mom's getaway in Mexico. I love the feeling of having mutuals and rrsp instead of the high of a new pair of shoes.

Re: What’s the best money advice you’ve received?

Noor — Thu, 05 Jun 2008 10:19:46 -0000

Great advice Caroline. It came at a perfect time for me.
Noor Elegant Nature

Re: What’s the best money advice you’ve received?

Daniel Gibbons — Thu, 05 Jun 2008 02:08:09 -0000

I like this one. It's amazing how much time people spend worrying about money, time that could be better spent in countless other areas, many of which would actually make money!

Re: What’s the best money advice you’ve received?

Scott — Thu, 05 Jun 2008 01:51:27 -0000

It always works out.

Re: What’s the best money advice you’ve received?

Beth C. — Thu, 05 Jun 2008 01:03:47 -0000

My father gave me the Wealthy Barber when I was a senior in high school. The book has so many good tidbits of advice that I've relied upon over the years.

Re: What’s the best money advice you’ve received?

Angela — Thu, 05 Jun 2008 00:51:49 -0000

Wealth is what you accumulate, not what you spend.

Re: What’s the best money advice you’ve received?

Lynda — Wed, 04 Jun 2008 21:42:47 -0000

But at times so very, very difficult.....

Re: What’s the best money advice you’ve received?

Lynda — Wed, 04 Jun 2008 21:41:46 -0000

I couldn't agree more! We've split our money and now each pay our fair share. Independence is important.

Re: What’s the best money advice you’ve received?

Lynda — Wed, 04 Jun 2008 21:40:13 -0000

The best advice I have ever received is this.....you don't need to make a decision today. Sounds simple. But I was always the type who felt that I needed to come to a conclusion quickly, yet in reality it's okay to wait, think, think again and then decide.....really:-)

Re: What’s the best money advice you’ve received?

Danielle LaPorte — Wed, 04 Jun 2008 20:33:02 -0000

similar experience I witnessed: woman holds dress up to hubby and says: "look, what do you think?"
hubby: (nicely) "it's ugly."
wife: (perplexed) but it only $20.
hubby: but it's ugly.

Re: What’s the best money advice you’ve received?

Cindy — Wed, 04 Jun 2008 17:55:50 -0000

I'll never forget a Herman comic I once saw. Picture a woman showing her hubby a new fur coat with a big SALE ticket...her husband responds - "You should have bought two and saved enough to pay the mortgage." I think about that comic when ever I'm thinking of buying something I really don't need. (Not that it always stops me, unfortunately!)

Re: What’s the best money advice you’ve received?

Cindy — Wed, 04 Jun 2008 17:38:34 -0000

yup - that would do it!
thanks and hugs
c

Re: What’s the best money advice you’ve received?

Jennifer Sage — Wed, 04 Jun 2008 17:15:45 -0000

There are two ways to be wealthy 1. Have more money than you know what to do with. Indeed you give it away. (Bill Gates wealth) The other is to be grateful for what you have got. Thats easier said than done, I admit. Pause a moment and count your many blessings and that is wealth available to the finacially impoverished each and every day.

Jennifer Sage

Re: What’s the best money advice you’ve received?

Mary — Wed, 04 Jun 2008 14:54:50 -0000

Another classic read on the topic is "Your Money or Your Life" by Joe Dominguez and Vicki Robin, on the role of money in living your values. Not too dry - makes you think harder about your purchases - in a different but similar way to your style statement:)

Graceful heritage

Re: What’s the best money advice you’ve received?

brookesome — Wed, 04 Jun 2008 14:50:05 -0000

Keep your money seperate from the person you're in a relationship with. Pay your fair share, by all means, but never set yourself up to lose your independence.

Re: What’s the best money advice you’ve received?

Martha — Wed, 04 Jun 2008 14:46:15 -0000

Put money into your 401K from day one at your job, especially if your company matches at any level. It's the equivalent of giving yourself a raise. Many younger employees don't do it but it's a painless way to save & the match is free money.

Re: What’s the best money advice you’ve received?

Patty Miller — Wed, 04 Jun 2008 14:29:32 -0000

When I was little, my grandmother would give me a dollar and tell me not to spend it all in one place!

Re: What’s the best money advice you’ve received?

Robert — Wed, 04 Jun 2008 13:37:02 -0000

Avoid a third home, a second wife and a first boat

Re: What’s the best money advice you’ve received?

Lindsey — Wed, 04 Jun 2008 13:24:46 -0000

That money can't make you happy--that, of course, comes from deep inside--but it does make things easier.

Re: What’s the best money advice you’ve received?

lezin bogan — Wed, 04 Jun 2008 13:08:39 -0000

i have gotten a few pieces of good advice about money over the years. always, always pay yourself first. even if is 1 dollar, it adds up fast. and as far as saving for your children's college tuition, you need to save for your retirement as well. we all have borrowed money for college but when was the last time you heard someone say that they borrowed money for their retirement?