money challenges Archives - Women’s Money

18Feb 2022 by Elizabeth No Comments

Should You Have a Shared Account with Your Spouse? 7 Reasons Shared Accounts Are Better

There are a lot of great reasons to have separate accounts, but they are not for every relationship. In fact, I’d argue that most couples would be best with only shared accounts. Here are 7 reasons why. (Note that in this post I use the term “significant other” interchangeably with “spouse.” When I use the phrase “significant other” I really mean: extremely super significant other - such as a partner, spouse, or whichever term you use to describe the person you’ve made a commitment to spend the rest of your life with. By “significant other” I don’t mean “whatever person you’re randomly dating who you aren’t 100% sure about.”) 1. Having Separate Accounts is Against the Values that Relationships Are Built On What is a relationship built on? Trust, honesty,…

23Jan 2017 by Women's Money No Comments

Stop Letting Your Money Manage You

Budgeting, Goals / Taking Action, Miscellaneous, Take Action

Confession time… I have never had a formal budget. I would put money aside for my bills, but as far as groceries, gas, and all my other spending, it was a free for all. Honestly, I was scared of writing a budget because it meant I would have to face up to my bad spending habits. The issue with not taking time to budget and actually plan how to spend your money, is that you put yourself at the mercy of your own fear and bad habits. It wasn’t a sustainable life style and I felt perpetually broke and stressed.I was doing it to myself, of course. Although I didn’t realize it then, by not writing a budget and taking control of my money, I was choosing to be stressed,…

23Mar 2016 by Women's Money No Comments

It’s time to give your finances a spring cleaning. Start with a #FinancialSelfie #WomensMoney

Budgeting, Credit, Debt, Entrepreneurship / Making Money, Goals / Taking Action, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Popular, Relationships & Money, Saving & Investing, Take Action

It's been almost three months since New Year's Eve. The first day of spring has passed, and holidays celebrating reflection and renewal are coming up. It's the time of "spring cleaning". It's also time to get an honest picture of your personal financial condition. Here are some quick, cool, and fairly painless ways to get your financial status reviewed:The Quickie Selfie - Takes like two minutes tops, and you instantly get a general pulse of your financial health.The Full Financial Selfie - Takes maybe five minutes, and again gives you a general (more in-depth than the quickie) pulse of where you're at financially.Financial Freedom Evaluators - If you want the real deal, in-depth experience then you want to try out the Women's Money Financial Freedom Evaluators. This gives you a more in-depth…

18Mar 2016 by Women's Money No Comments

WHAT’S THE COST FOR CLOSING A REVOLVING CREDIT CARD? @JulieMaccCredit #creditrepair

Credit

I have noticed a lot of what I consider bad advice regarding closing credit cards to save an annual fee associated with some credit cards. The FICO scoring model subtracts points every time you open or close a revolving credit account. The longer a revolving account is open; the FICO scoring model rewards you with more points.A revolving account is considered an account with a pre-approved credit limit determined by the credit grantor that a consumer makes payments on the balance of the credit used during the month.An installment account is typically a mortgage, student loan or auto loan that typically ( unless the payment is deferred) is paid on a fixed payment monthly until paid in full and closed.It takes about six months to accumulate a payment history on any…

10Mar 2016 by Women's Money No Comments

3 Money Mistakes to Avoid in Marriage (And What to Do Instead) #WMW16 @carrierocha

#WMW16, Budgeting, Relationships & Money, Saving & Investing, Women's Money Week