tips
How To Get The Best Mortgage Rate – Forbes
How To Get The Best Mortgage Rate Forbes
5 Money Mistakes to Avoid Making in Front of Your Kids
The post 5 Money Mistakes to Avoid Making in Front of Your Kids appeared first on Penny Pinchin' Mom.
Can you remember how your parents talked about money when you were a kid? Or, maybe you canât remember because money was a topic that wasnât discussed. The way we think about money in adulthood is largely connected to how our parents talked about and dealt with money when we were kids. Just as you … Read More about 5 Money Mistakes to Avoid Making in Front of Your Kids
The post 5 Money Mistakes to Avoid Making in Front of Your Kids appeared first on Penny Pinchin' Mom.
How to Cope with Money Worries: Advice from a Psychologist
Money troubles can be difficult to talk about because they stir up intense emotions, such as guilt, anxiety, and fear. But they’re too important to ignore for both your financial and mental health.
Whether you have a friend or family member dealing with a financial problem or your own money challenges, it’s a sensitive topic. I interviewed Dr. Jade Wu, a clinical psychologist specializing in health psychology, for tips to help manage money worries. Jade also hosts QDT's Savvy Psychologist podcast, where she uses evidence-based research to helps listeners be happier and healthier.
On the Money Girl podcast, Jade and I discuss a variety of topics, including:
- How to use empathy and open-ended questions in financial discussions
- The importance of creating a safe space when talking about money
- Why accomplishing a small financial step is a worthy goal
- How to evaluate your own emotions before starting a money conversation
- Whether you’re helping or enabling someone by lending money
- How to ask others for financial help when you need it
- Tips to get better sleep even when you're worried about money
[Listen to the interview using the embedded audio player or on Apple Podcasts, SoundCloud, Stitcher, and Spotify]
When the worry window closes, do your best to move on with your day and stop worrying.
One of my favorite tips that Jade recommends is to use a “worry window”—giving yourself a set time, such as 30 minutes each day, when you allow yourself to dwell on your money problems. When the worry window closes, do your best to move on with your day and stop worrying.
It’s also helpful to have a list of financial worries that are and are not in your control. When you fixate on something that’s not in your control, such as the pandemic or economy, shift your focus to something you can control. That might be making an appointment with a financial advisor, creating a financial plan, or looking for a new job. Creating solutions to your problems or getting expert advice is the key to solving them.
While you might have a lot to be concerned about, acknowledge that many worries simply aren't in your control. Putting boundaries around your worry and turning your attention to actionable solutions will help you improve your financial life and overall well-being.
Can You Pay IRS Taxes with a Credit Card?
If youâre not getting a tax refund and you have to pay, you can pay IRS taxes with a credit card. Depending on who you talk to, paying your income taxes with a credit card is either brilliant way to earn credit card rewards or a financial move that is only a last resort. The… Read More
The post Can You Pay IRS Taxes with a Credit Card? appeared first on Credit.com.
7 Things to Know Before Taking a Work From Home Tax Deduction
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Term Life vs. Whole Life Insurance: Which Is Best for You?
Taking out a life insurance policy is a great way to protect your family’s financial future. A policy can also be a useful financial planning tool. But life insurance is a notoriously tricky subject to tackle. One of the hardest challenges is deciding whether term life or whole life insurance is a better fit for… Read More
The post Term Life vs. Whole Life Insurance: Which Is Best for You? appeared first on Credit.com.
How to Get a Low-Interest Personal Loan
When youâre struggling financially, sometimes the best option is to get a personal loan. Unfortunately, âcheap loansâ in the form of low-interest rates are hard to come by if you donât have the right credit score. The interest rate is the amount youâll pay over the life of the loan on top of the loan […]
The post How to Get a Low-Interest Personal Loan appeared first on The Simple Dollar.
Your Secret Credit Weapon: The Chargeback
Credit cards can open numerous doors of opportunities, and many even offer great cash-back rewards. But credit cards can also give you a good defense against untrustworthy online sellers. In the event of a dispute with a merchant, it provides the ultimate ace up your sleeve: the chargeback. What Is a Credit Chargeback? If… Read More
The post Your Secret Credit Weapon: The Chargeback appeared first on Credit.com.
What Is the FICO Resilience Index?
By the end of May 2020, more than 40 million people had filed unemployment claims due to COVID-19 and the resulting economic shutdowns. Governments, charities, and even creditors scrambled to put programs in place to support people during this time while also mitigating future economic fallout. And this isn’t the first time creditors have found… Read More
The post What Is the FICO Resilience Index? appeared first on Credit.com.