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Articles Archive for April 2008

Groceries and Food »

[10 Apr 2008 | No Comment | ]

This is part of our Financial Literacy Month Question and Answer series
Question: How can I save money on my groceries? Everytime I go to the store my bill seems higher and higher! ~ Melanie
Answer: Everyone wants to save money, but few want to spend weeks eating nothing but beans and rice. You can cut your grocery bill without cutting your variety. One of the quickest way to cut your spending is by cutting out the meat. It’s amazing how many meat …

Debt »

[9 Apr 2008 | No Comment | ]

This is part of our Pay Debt Quickly series sponsored by
PDQ Pay Debt Quickly kit.
Question: My boyfriend of 5years and I are considering getting married. His only concern is that he has $3,000- $4,000 in bad debt, and would like to pay it off before we get married. Is this wise, or should we get married, and reduce our monthly payments in insurance, rent, electricity, etc., to make it easier to pay his off? Beth
Answer: Hi Beth, good questions! Congratulations for finding a partner who …

Divorce »

[8 Apr 2008 | No Comment | ]

This is part of our Financial Literacy Month Question and Answer series
Question: What advice can you give recently divorced women on how to manage their finances now that they are facing life as a single mom on a limited income? What should be their first priority? Lisa A. Fredette ~ CTA Certified Life Coach ~ Passionate About Life Coaching ~ http://www.lisafredette.com
Answer: Hi Lisa, that’s a really great question and I’m sure most newly divorced single moms are wondering the same …

Retirement »

[7 Apr 2008 | 3 Comments | ]

This is part of our Financial Literacy Month Question and Answer series
Question: Our children are starting high school and we want to be able to help with their college expenses. We also need to save more for our retirement. With time passing so quickly what should we do?
Answer: You are in a fairly common situation. We all want to do whatever we can for our children and we worry about retirement savings. In this case there are several things you can do:

The first …

Money Management »

[6 Apr 2008 | One Comment | ]

This is part of our Financial Literacy Month Question and Answer series
Question: I have a financial question (this is one of those ones I think I’m “supposed” to know the answer to, and yet, I don’t, and I’m having trouble finding someone who does know the answer, so I thought I’d ask you. When budgeting books and programs say “Pay yourself first” what does that mean? Does it mean pay your savings account and keep it there? Give yourself treat money to go spend? …