Posts Tagged ‘your money’

Your Money Friday: College Costs


27 Jul

Think college is expensive now? Imagine what it will be like in 18 years, if the current trends continue. An MSN article believes state colleges could cost upwards of $40,000/year.

Over an YM, some are hoping it’s a bubble that will burst before their kids reach college age. Others are burying their heads in the sand and hoping “something” happens that will help them help their children afford college without a lifetime of debt. There’s also the theory that the rising cost of college will force enough people off the college path that more non-degree career paths will open up.

Your Money Friday: All About Real Estate


20 Jul

It was real estate theme week on YM. We had questions about refinancing- would it make sense  and would it hurt chances of getting a mortgage on another property.

Someone’s dream home went on the market. Another person had the appraisal on the home they are looking to buy come back lower than anyone expected.

And then there were the threads about selling a home- is it worth it to make significant upgrades just to sell, if you do make improvements, which ones have the most bang for the buck, and finally, is it worth it to use a “stager”.

Your Money Friday: Money and Dating


13 Jul

Dating is one of those areas where personal finances become tricky. Should a man pay for all dates, with the woman reciprocating with homemade meals? Should it be split as close to 50/50 as possible? Does it matter if she makes a lot more than he does? Or what if they make roughly the same amount?

Many don’t discuss finances on a first date. Is it okay to alter the financial terms of the relationship (such as who pays) when you do reveal your salaries? And how would you do that without seeming like a jerk? Any thoughts are welcome.

Your Money Friday: Using Community Service as a Career Stepping Stone


06 Jul

It starts in high school. Kids are told that being straight A students isn’t enough to get them into a good college. Extra curricular activities are not enough. And work experience doesn’t count. But volunteer experience? That’s where the money is- or at least the scholarships.

That attitude is carrying over into the work world. There have long been organizations that do charity work where you could make professional connections, but now, many people feel that they need to have volunteer experience on their resume. Sadly, it does not always lead to good things for the organization they volunteer for.

Your Money Friday: The “Holy Crap” Bill


22 Jun

Have you ever had a bill that made you go “holy crap”? Even if you knew it was going to be expensive, but you hadn’t realized how expensive? Perhaps it was your first winter heating bill or your first summer AC bill in a new place. Maybe it was a vet appointment for your dogs, or what you thought was a routine repair on your car.

We have all had them- even people who are prepared with house, car, pet, and emergency funds. This week’s YM thread is about commiserating over those bills that surprised the heck out of us.

#MythBusters (ep 192)


18 Jun

Apparently, if you are going to shoot with a gun in each hand, you should fire simultaneously. Still, that puts firing two guns at the “as effective as” one gun point, using twice the ammo.

But I have a methodology question. They are taking their number of points and dividing it by the time it took. When not firing simultaneously, shouldn’t it take twice as long? One shot at a time, with two guns, should take twice as long as one gun, or simultaneous fire with two guns.

So is it really less effective? Or does it just take longer?

Your Money Friday: The Money Talk


15 Jun

There comes a point in every long term relationship where the partners need to sit down and have “the money talk”. What are their respective financial situations? For some people this conversation comes very early on, and for others it doesn’t come until after engagement or even marriage (though I’d recommend it happened before that).

It’s not an easy conversation to have, as money can trigger strong emotions in many people. The key to having a productive conversation about money with your partner? Each partner should remain calm and open, to remember this isn’t about judging, but about moving forward.

Your Money Friday: How to Pay for Vacations


08 Jun

When you’re being responsible with your money, paying down debt, funding retirement, not relying on credit cards, sometimes finding the money to have fun can be difficult.

This week’s Your Money thread is about How do you decide how much money for vacations?. The thread doesn’t actually talk numbers, it’s actually more about priorities. Is vacation the last priority, with money going toward that after all other goals are met? Does it become a short term top priority, with other money goals taking a back seat?

The answer is different for each person/couple, but everyone still thinks vacations are important.

Your Money Friday: Family Heirlooms


01 Jun

What makes something a family heirloom? When do you have the right to be mad that someone else sold or gave away something you might have liked?

My opinion- monetary or historical value does not make something a family heirloom. In order for it to make heirloom status, there needs to be emotional significance attached. Without the emotional component, it’s just stuff. Sure it may be cool stuff, or stuff worth money, but it’s still just stuff.

So before you get mad at a relative who has otherwise done right by you, consider if it is actually emotionally worth it.

Your Money Friday: Weight in the Workplace


25 May

So while we’re still talking about work clothes over on YM this week, the thread I’m highlighting only pretends to be about wardrobe- Does this Interview Suit Make Me Look Fat? It started talking about companies policies about not hiring fat people because of the insurance cost. It has morphed a bit to be talking about weight in general, and howUS society perceives weight.

The conversation has remained quite respectful (which is nice), but for someone who has struggled with their weight, it is also very frustrating to hear people tell me how “simple” it is to lose weight.

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