It’s hard to believe that my husband, Mark, and I just celebrated our 32nd anniversary this month. I am truly blessed to have such a wonderful relationship with my husband. He’s not only my partner, but he’s also my best friend and loudest cheerleader. Our marriage has always been strong, but I confess that I wish I had known then what I know now … especially regarding money psychology or money personality.
According to a survey by SunTrust Bank, money is the leading cause of stress in relationships. Although divorce rates are falling, nearly 40% of all marriages are dissolved before a couple reaches their ten-year anniversary. Again, money is the primary culprit. I realize no one enters a marriage with the anticipation of ending it, but there are ways to safeguard your union. (more…)
I attended a fabulous retreat in Baltimore with one of my mentors, Barbara Stanny, a few years ago. The retreat on Sacred Success was for women who had reached affluence and were looking to make a difference in the world. When I called the retreat center to ask how to get from the airport to the retreat center, they gave me two options: take a cab for $120 round trip or use the light rail for $3.20 round trip.
Being from the Midwest where public transportation is sparse, I never use it. Mulling over my options, I began to think I would just take a cab. After all, I had invested thousands of dollars on this retreat, and besides, I could afford it. Right? (more…)
Watching our parents age is not always easy. We all dread the idea of that “call in the night” – the one that means we must step into the Designated Caregiver™ role to manage our parents’ lives and make tough decisions about their care, finances, and welfare. (more…)
My nail technician, Kahi, is an entrepreneur and an extremely smart money guy. One day, Kahi and I discussed how hard it is for many people to save money, so they end up living paycheck-to-paycheck and having to put expenses on credit cards.
Kahi and his wife love to travel, but they also don’t want to be in debt because of it. I asked Kahi how he can have the best of both worlds – travel with no debt. (more…)
In a recent Smart Women Survey, almost 38% of our readers said that their biggest challenge is money. Today, I want to share a discussion my hairdresser, Rachel DeMar, and I had last year.
Rachel told me that she was celebrating her 10-year anniversary as a hairdresser. After congratulating her, I asked her if she had set up the Roth IRA retirement account we had discussed a few years ago. (more…)
The importance of creating a ‘Money Bucket’ for home maintenance was the focus in last week’s Smart Money Tip. Today, I want to share how to hire a contractor for things like landscaping, home repairs, a new roof, and other major maintenance projects. (more…)