Ask the Coach: How Do I Stick to My Monthly Budget?
Posted by Clint and Katy Davis on February 3, 2012 in Personal Finance
.................................................................................................................
Dear Clint and Katy,
My husband and I have started our budget several times, but have never been able to stick with it. We don’t have a problem creating the plan: Our problem is following through on that plan. We get the first month’s budget made, but then we get busy and never have time to get to it after that. I feel hopeless about it. How can we follow through with budgeting long term?
Neuroeconomics: The Psychology Behind Your Financial Decision Making
Posted by Henry Butman on January 31, 2012 in Empower Yourself
.................................................................................................................
The up-and-coming field of neuroeconomics combines both neuroscience and economics, focusing on refining economic theory using research about how our brains work. Robert Shiller, a professor of economics at Yale University, says that understanding the neural processes behind our individual and collective financial behavior could “shake economics to its foundation.” Click to find out more about neuroeconomics and the science behind your spending.
Avoid Financial Avalanches: Build an Emergency Fund
Posted by John Frainee on January 30, 2012 in Empower Yourself
.................................................................................................................
You’ve heard of the debt snowball, but have you heard about a financial avalanche? Unlike the debt snowball it’s not a good thing. In fact, it’s something you need to know how to avoid. But no worries: You’ll be climbing the mountain of financial independence in no time, without worrying about being buried in frustration! Click to learn more about financial “avalanches” and how you can avoid them.
Ask the Coach: Should I Cash My 401k Early to Pay Off Debt?
Posted by Clint and Katy Davis on January 28, 2012 in Personal Finance
.................................................................................................................
Editor’s Note: As part of a special project on The PerkStreet Blog, we’re offering free question and answer columns on Saturdays with Customer Columnists Clint and Katy Davis of Davis Coaching. If you have a question you’d like to submit to get advice from these financial coaches, email it to editors@perkstreet.com.
Dear Clint and Katy,
I lost my job 2 months ago after 12 years of employment and I’m trying to figure out what to do with my 401k. I’m a 42 year-old single mom. I have $83,000 in student loan debt (BA and MBA) and $98,000 in my 401k. I am having trouble finding a job with a similar salary since the economy in my small city is far from booming (like everywhere nowadays). Should I cash out my 401k to pay off my debt?
ParkAtMyHouse: When City Parking’s Got You Down
Posted by Jenny Kerr on January 27, 2012 in Empower Yourself
.................................................................................................................
Over the years, I’ve taken on extra jobs or flipped yard sale finds on eBay to bring in a little extra income. But every now and then it’s nice to generate some passive income: money you can make with little-to-no effort. With Parkatmyhouse.com, you can generate income simply by letting people park in any extra space in your driveway or garage. Read more to learn about this new and innovative service.
