06Jan 2019 by Women's Money

TOP 26 “Myth-Conceptions” of Credit

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The media, newspapers and  internet are full of incorrect information regarding Credit. One of the things that I want to make available to you and your  family and friends, there are certain facts about credit that will affect consumers and any financial decision that you have made or about to make. Please share these facts with everyone you know. You could make a positive change in their  life without realizing it! MYTH #1 You share a credit score with your spouse. Untrue! Your spouse and your credit report and credit scores are looked at individually. It is based on your social security number which is unique to you. If you get an authorized user account (also known  as "piggybacking") for your spouse, that will also show up on the report.…
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04Jan 2019 by Women's Money

6 Steps to Healthy Spending. And Forget About a Budget

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This post was originally published on Behavioral Cents.This is THE YEAR you want to get on top of your cash. GREAT! The worst thing you can do is start with a budget. What? Really? Why? (and secretly, you’re probably thinking Yay!!). Money is not logical. Money is fraught with emotion.  And if you force yourself to do something you “should” be doing, you will find some zillion reasons not to do it. Then you’ll feel bad because you “should” be doing it but aren’t, and you’ll start judging yourself, and then feel like a failure.  You’ll quit.To successfully change your money behaviors, you want them to stick. And that means managing your money emotion as well as your money flows. A budget typically defines a forced march, allowing you to spend…
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03Jan 2019 by Women's Money

6 Steps to Getting Your Finances in Order

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“A goal is a dream with a deadline,” stated author Napoleon Hill.  The new year provides motivation for setting goals.  New Year’s is a time to evaluate where you are on many levels.  Resolutions are a firm decision to do or not do something. Many New Year’s resolutions involve money and personal finances. When setting financial goals, people generally want to save more, spend less, or get more finances in order.  Whatever your goals may be the process for successfully achieving them has been well researched and can be used by anyone.  The six steps below will assist you in reaching your goals.  Please note that if you are married, financial goals work much better when both partners are on the same page. 1. Determine what you want to accomplish.…
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02Jan 2019 by Women's Money

Take Care of Your Loved Ones by Updating Your Beneficiary Forms

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The saddest phone call an advisor will ever receive is that a client passed away. This happened to me recently. One of my dear clients, a former school teacher, passed away a month ago at the tender young age of fifty-nine.Her children will inherit her retirement accounts. But if something unforeseen happened to you, who would get yours? Would your assets go to those you choose? If you’re not certain who your retirement account would go to, it would be a good thing to double check. Updating your beneficiary forms is one of those ‘important but not urgent’ personal finance To Do’s. Which means it can get put off until it’s too late. When was the last time you spoke to your advisor about updating your beneficiary forms?Life happens and…
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02Jan 2019 by Women's Money

Four “Be’s” to be Financially Sound

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After drowning in, then repaying, $77,000 in debt, I guess you could say I’ve learned a thing or two about personal finance.I learned a lot of the ‘textbook info’, like the very real and brutal impact of cash advances.I studied, then mastered the art of budgeting.I learned the horrible consequences of credit card debt.And, I learned how to reduce my expenses and earn more money.But, perhaps more surprising to me was learning, as Angela Duckworth identifies, just how gritty I could be. The most simplistic definition of grit (in my own words) involves the number of times you’ll fall on your face, get up, and try something again.  And, let me tell you... I fell on my face.After falling deeply into this massive financial rock bottom, riddled with an incredible…
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02Jan 2019 by Women's Money

Improving Your Money and Your Partner Relationship

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Money is often cited as one of the biggest problems in both romantic relationships and families too. According to a survey conducted by Wells Fargo, 44% of people ranked personal finances as the most difficult topic to talk about. The challenge is that when we don’t talk about money, we’re not able to resolve our differences and anyone who’s ever been in a relationship knows how detrimental that can be. It’s no surprise that mutual trust is eroded when relationships and money are misaligned especially because money and trust work hand-in-hand.A study published in 2013 in the Family Relations journal examined more than 4,500 couples and found that fights about money were a top predictor of divorce regardless of income, net worth, and debt levels. Some of the issues that…
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01Jan 2019 by Women's Money

Three Steps to a Better Relationship with Money

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Women yearn to have a juicy, satisfying relationship with money.We want intimacy, yet often shy away from talking about finances. What surprises me, after facilitating thousands of women over the last decade to transform their financial suffering, is what a complex and often painful relationship everyone has with money. Improving your posture and attitude toward money can amplify your happiness, family, business, community, and, of course, your bank accounts.Ladies, are you thankful for the pleasure that money provides?Start with gratitude for the people and things you already have. Appreciating people and things builds patterns of connection and trust, and it strengthens belief that our friendly universe always provides. This exercise creates new neural pathways of sufficiency, that feeling of appreciation for what already is.Most women want to get more comfortable…
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25Apr 2018 by Women's Money

Master Your Money and Finances: Plan

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There are four key pillars used to improve your financial health: Spend, Save, Borrow and Plan. Today we’re focusing on *Plan* to help you master your finances.Perfect PlanningThe future holds a lot of possibilities and unknowns. Smart financial planning, including insurance and savings, can help you and your family weather unexpected financial hardships, such as a huge medical bill, loss in the family, or auto accident ending in a lawsuit.Ensuring Your FutureThere are very few things people buy that they hope to never use. Insurance is one of those items. But when a disaster happens, the right insurance helps you and your family bounce back instead of falling deep into debt. Be sure you carry adequate liability coverage on your home and auto policies. You also want long-term disability coverage…
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12Apr 2017 by Women's Money

Save Now – Retire Better

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When you’re in your 20s, you do not spend much time thinking about retirement. Although it doesn’t need to be priority #1, spending some time planning for retirement now will save you major headaches in the future. According to the U.S. Department of Labor, a woman who retires at 65 can expect to live another 20 years, 2 years longer than a man. Having personal savings for retirement makes a substantial difference in your quality of life and ability to meet the cost of healthcare. How much you need to save right now depends on your age, the lifestyle you want, and how many trips you plan on taking when retired. In your 20s, save whatever you can afford to, but aim for 10-15% percent of your income. When approaching…
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06Jan 2017 by Women's Money

Are You Sharing Too Much On Social Media? The Cost of That “Free Lunch” #WMWeek17 @juliemacccredit

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Have you ever thought about how much information is requested when you sign up for a social media page? Most sites ask for your birthday information, ask for permission to track your location or post your location, your place of employment and more personal information that from a security standpoint you really should not be sharing.Don't feel bad for over sharing, the social media culture hasplayed on our emotions to solicit information we normally would not share to "win" that free lunch, deep discount orshare our anniversaries or personal moments and achievements that we have experienced with our family members, friends or co workers!Most of the social media websites ask for your birthday so that they can send an announcement on your behalf or for other special occasions that you…
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