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Good morning, Readers. The topic of today’s article is not necessarily geared to my traditional Dolla Thug audience of 20-somethings, but we can all learn these lessons early before we’re parents ourselves (and if you are already a parent, then this article should be of even more value now!). I want to introduce you to our first guest author, M. Smith. M. Smith is a financial article writer. She has worked as a financial consultant and has had many articles published on various finance sites; her areas of expertise include debt settlement, debt consolidation, debt relief, refinancing, reverse mortgage, credit repair and so on.
Courtesy of www.allmandandlee.com
THE DREADED REUNION Have you recently been to your high school or college reunion? You must have had a nostalgic and fabulous experience. One of the benefits of attending a school reunion is that there is no underhanded advantage in attending it! You need not pretend how young you are or where you started your life. Your classmates already have that information. The relative advantage is that if you have a diverse class of 500 classmates, then you get to learn from the various wide-ranging experiences and subsequent financial experiences of your classmates. Continue reading Money Management for Teens and Parents
Closing the month with the theme of “Bridezilla Month”…
Courtesy of http://pdbb.wordpress.com
As Dolla Thug commenter “SO” mentioned on last Monday’s posting, and from what I’ve heard, the general rule of thumb is the price a man should save up to pay for his lady’s wedding ring should equal approximately 2-3 months’ worth of his monthly take home income. That’s a LOT of money. That’s easily a 3-month emergency fund!
So a man making my salary would expect to spend approx $8,000 on a ring (using 2.5 months’ salary as a guideline). I guess that sounds about right.
But…being the Dolla Thug that you’re all growing to know and love me to be, I might negotiate with him on some…“How about you spend $3,000 on my ring and I’ll use the remaining $5,000 to pay down my student loan debt Continue reading Put A Ring On It (Part 2)
Conversation starters for couples dealing with Financial Questions that I came across in a Bank of America brochure. May come in handy if you start the financial communication now as money is the #1 reason couples break up and/or divorce!:
Courtesy of http://wowcolumbia.nexo.com/poetscorner
It’s June – the month of Bridezillas…and it’s about to get ugly…get ready to comment ladies!!! (and gentleman, I want to hear from you too!)
Courtesy of http://gossuk.blogspot.com
WHAT WOULD YOU DO WITH $30,000.00? A friend of mine mentioned that a good friend of hers recently got engaged and that her ring cost $30,000 (how she knows this as fact, I don’t know – but let’s just take her word for it). My friend also mentioned that she expected for her future fiance (whoever he may be) to be able to give her a ring in that price range, as well.
My immediate thoughts were somewhere in the range of: “Does she really think her engagement ring should be worth the price of a down payment on a home???
…really?
…REALLY???
No. It’s realllly not worth it!”
Instead of voicing these thoughts, I probably just smiled and nodded and masked my disgust. Please don’t fall into this materialistic trend and base the value of his love on the cost of the ring. Seriously, that’s just STUPID!!! Continue reading Put A Ring On It?
For the record, I am not a certified financial advisor of any kind and will not be held legally responsible for any misuse of the content of this site.
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