Financial Therapy for Money Disorder

Financial Therapy for Money Disorder

After amassing a great deal of fortune from her career, country music sensation Wynonna Judd said in The New York Times interview she threw much of it away, spending ridiculous amount of money at her children out of guilt for not having much quality time with them. She also bought more cars than she needed. Having grown up in an underprivileged family in Appalachia, she said she found herself with “everything and nothing at all.”Money disordersWith the battered American economy, compounded by th…

Coping with Financial Stress

Coping with Financial Stress

Disaster can strike an individual sometimes at a time that he or she didn’t expects it. When it comes to one’s financial status, a disaster can indeed cause a lot of stress. A job layoff, a stock market crash, a house fire, a medical emergency can lead to a financial crises which can bring quite considerable stress. Being able to cope with the stress can help one stay sane and with the feet still standing firmly on the ground. Prompt ActionThe effects of a financial crisis can be immediate. That…

The Cost of Keeping a Car for Your Teen

The Cost of Keeping a Car for Your Teen

The cost of buying a car is one thing. The cost of keeping a car is another. Adults who own cars know very well that buying a car is just the start of the stress that it can bring to your pocketbook. As for teenagers who want to own a car, most of them fully understand the costs o buying one, but few of them are not aware of the continuing costs.Expensive businessEverybody agrees that keeping a car is a costly business. For one, you need to buy gas regularly and pay huge sums for car maintenance…

When Your Teen Wants a Car

When Your Teen Wants a Car

Your 16-year-old son catches you off guard during dinner: “Dad, I want my own car.” You know it’s inevitable, that sooner or later, your son will want to drive his own car. But still, what your teenager just said makes you choke. Will you let him have one? You know that a lot of teenagers own cars, but what good will it do yo your son? When thinking about whether or not your teen should own a car, consider the following points:What is your child’s motivation?The first consideration is to know wh…

Credit Cards for College Kids

Credit Cards for College Kids

Emergencies are bound to arise in your college life. This is inevitable, but that doesn’t mean you have to be unprepared for it. In fact, you should be well aware of one of the things that can aid you during emergencies, especially those that involve cash: credit cards. Yes, that reliable plastic can save you when you’re in deep cash trouble. Ironically, it may also be the cause of your cash troubles.Should a college freshman apply for a credit card? Are college kids mature enough to handle this…

Teach Your Teen How to Budget

Teach Your Teen How to Budget

There are several important things teens need to know as they grow up. While some things they have learned the easy way, others they might have to learn the hard way. One of them is budgeting.Budgeting poses a challenge to everyone, especially to the uninitiated. So it is best that we teach teens the proper ways to budget to minimize the surprises they will get when their bills arrive. Below are helpful steps on how teens can learn to budget:Help your teen child in itemizing expenses every month…

Avoiding Financial Black Holes

Avoiding Financial Black Holes

Have you been saving money incessantly and still find yourself a bit short? Aside from the usual spending on clothes and food there are other necessities that you can cut back on. This may seem the height of cheapness but finding ways to cut back on your basic needs will go a long to way to stretch your limited budget. Here are some ways to cut back on spending on your basic needs. HouseThis is probably your largest money black hole. Whether you’re renting or your paying the mortgage, the roof o…

Household Budget Tips

Household Budget Tips

If you know where every penny of your money goes and has plenty of spare cash lying around then you’re too rich or too smart. For the rest of us struggling through budgets and stretching the paycheck to pay off the vast amount of bills, a way to save more money is important. Making that dollar go a long way isn’t a hard thing to do. Here are some practical tips for the penny pinching household. Add up all your necessitiesBy this we mean your very basic needs like water, electricity, food and hou…