Money Archives - Page 4 of 6

Jan252020 by Paul LinusNo Comments

Divorce and money not necessarily linked

Lifestyle

Traditional wisdom states money is among the leading causes of divorce, but experts say this often-quoted fact may be grounded more in myth or history than in modern reality. Is Money Among Top Causes of Divorce? Money may not be the marriage-buster it is commonly thought to be, Alison Lobron reports in the Jan. 18, 2009, Boston Globe article, “Does Money Really Wreck a Marriage?” Lobron contends that married couples can argue over issues about money but research shows divorce and money problems don’t have to go hand in hand. “I'd heard for years this idea that money was the number one cause of divorce, but I'd never seen any empirical data,” Utah consumer economist Jan Andersen told Lobron. Andersen teaches workshops on personal finance at Utah State University. When research...

Jan202020 by Paul LinusNo Comments

Married couples and money psychology

Finance

The money personalities of Savers and Spenders don’t have to cause stress in a marriage (though they often do). These psychology tips can help married couples manage their finances with minimal or no conflict; they’re based on advice from “The Money Couple” and authors of First Comes Love, Then Comes Money (Harper Collins 2009), Scott and Bethany Palmer. Recognize Different Money Personalities The first tip for resolving financial conflict in marriage is to become aware of how Savers and Spenders view money. It doesn’t help to keep fighting about the credit card bills or mortgage payments! What may work better is to talk about how parents, childhood experiences, and marriage affect spending and saving habits. To peacefully manage finances, both spouses need to be aware of how the pas...

Dec252019 by Ruchi GuptaNo Comments

5 Tips for Setting Motivational Money Goals

Finance

Have you ever wondered where your money is going every month? After paying the bills, covering unexpected expenses, putting some money aside for savings and having some fun, it can feel like your money disappears almost faster than you can earn it. It’s very easy to get caught up in the cycle of staying afloat — but this does little to help you move toward your larger goals. The first step toward accomplishing what you want financially is setting realistic, motivational goals to help you take steps to get there. Here are five tips to help you get started. Put Your Plan on Paper According to research from Charles Schwab, only one in four Americans have a written financial plan, but “those who do exhibit positive investing and saving behavior.” It may seem like enough to hold...

Oct312019 by Paul LinusNo Comments

Money management and good relationship for young couples

Lifestyle

How do young adults manage money? How do you handle finances in a relationship? Every new relationship is full of hope and love. Unfortunately, these two are not enough to sustain a relationship. True, talking about money can be uncomfortable, especially for partners in a new relationship. But if both partners are in for the long haul, they do need to communicate clearly with each other about money management. The following suggestions may be useful for new, young couples to manage financial problems. Financial planning for newly married couples Very often, partners in a relationship do not share the same attitude towards spending, saving, budgeting and investing. And arguments revolving around financial issues can break a relationship quite easily. That’s why it’s important f...

Dec182018 by Paul LinusNo Comments

Married couples’ new year’s resolutions about money

Lifestyle

Making New Year’s resolutions together can help a married couple identify a long-term financial goal that has been neglected and help them move closer to attaining that goal. Take the time as a couple to make a New Year’s resolution about money together. New Year’s Resolutions About Money Money resolutions are among the more popular New Year’s resolutions that couples can make together. The start of a new year is a good time to create a plan to help achieve long-term goals together. These goals often include reducing credit card debt, becoming debt free, having larger savings or making a large purchase. Pay Down Credit Card Debt One positive step married couples can take in the new year is to total their existing credit card debt and make reasonable goals toward paying down...

Sep242018 by Paul LinusNo Comments

NGO Tips: Develop Good Relationship with Funders

Business

Whether the funder of the non-profit service is a government agency or a charitable foundation, there are the same key elements of a successful relationship. Here are some of the reasons to work at this relationship and how to achieve success. Reasons for Non-Profit Developing a Good Relationship with Funders Many non-profit service organizations do not understand the importance of having a good relationship with their funders. They accept the money, deliver the service, and believe that’s all there is to it. Boards and management of all organizations that depend on government or foundation funding might want to consider the following. Each funder will be a reference for applications to other funders. Except in very large cities, these people usually all know each other. In...