debt

Beware of Emotions Affecting Your Money Decisions

Beware of Emotions Affecting Your Money Decisions

When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact – or not act at all when we should.  

Think of the investors who always respond to sudden Wall Street volatility. That emotional response may not be warranted, and they may come to regret it.

Maintaining a Good Credit Rating

Installment debt, in itself, is not a bad thing. It enables us to make major purchases that would be nearly impossible to finance up-front. The problem is, in this consumer society, we're bombarded with advertisements for literally thousands of "must-have" products. The result is that while our parents tended to pay with cash and buy only what they could afford, we have the "buy now, pay later" mentality.

Do you have adult kids living at home?

Right now, in this country, every fifth young adult is living with his or her parents.  With so many new college graduates having to accept part-time or low-paying service industry jobs, and with education loan debt averaging roughly $30,000 per indebted graduate, this situation will persist for years and, perhaps, even become a new normal.

adult children living at home