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Why Do We Give Names To Our Cars?

Our oldest daughter recently graduated college from the University of Georgia.  When she turned 16, we were fortunate enough to buy a beat up 2009 Hyundai Tucson from my mother and that’s pretty much what my daughter has driven since she became a driver.  As we finally made a change for her to get a new car (we stuck with Hyundai), my daughter told me how sad she was to see Sage go.  I thought to myself, “What in the world is a Sage?” so I asked my daughter.  Unbeknownst to me, my daughter had a name for her car and already had a name ready to go for the new car.  I’ve heard people give their cars names before, but always wondered when did this start becoming a common practice? Apparently, naming cars isn’t a new tradition at all.  For centuries before us, human beings have been giving names to vehicles and boats for centuries.  Think about shows like ...

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What Atlanta’s #Snowmageddon 2014 Taught Us From a Financial Standpoint

Review and shop out your car insurance coverage often. Typically, you can shop your rates out on a semiannual basis to see if you’re getting the best deal possible.  If you were someone who was sliding around in the snow and ice and had Comprehensive and Collision coverage then your insurance will pay to repair or replace your car if it is stolen or damaged in an accident, regardless of who is at fault. Depending on your car, amount of a balance you have left on your car note, distance you commute, and cash flow you can look at ways to increase your deductibles, reduce your coverage, or you can check out my other article about taking a defensive driving class(http://www.ajc.com/weblogs/atlanta-bargain-hunter/2013/dec/04/perks-driving-defensively/) to find ways to reduce your premium. Travel with a full tank of gas. Unfortunately, some friends needed to sleep in their cars overnight and had over 14-24 hour commutes home; some inevitably abandoned their cars because they ran ...

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VIDEO | When Should You Replace Your Old Car

Published on Sep 4, 2012 When it comes to making smart money moves, our family has never been a big fan of buying a new car. Read FULL ARTICLE Here – http://bit.ly/Te3HAf – In fact, the last new car that we bought was back in 1993 when we really did the math on how much smarter it is to buy a used car that is somewhere between two to four years old versus getting a new one. While getting a new car should be a well thought out planned purchase, it often falls into the camp of a spur of the moment purchase depending on when you get in the mood. In a sound financial plan, you should begin to save for the (new) used car purchase the moment that you pay off the old purchase. If you are like me and pay for your cars in cash, you should begin to immediately build a side fund so you can pay for that ...

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Personal Finance 101 – How do I protect assets for my kids?

How do I protect assets for my kids after my spouse and I die? If your kids are still minors, then the laws in your state likely prevent them from owning property until they reach a certain age (usually 18), so a legal representative must be appointed to manage the assets left to the kids. There are a couple options you can choose from that can protect assets for the kids. First, you can nominate a “Conservator” (sometimes called a Guardian for property) to manage assets on behalf of any minor children inheriting property from you. You can nominate the Conservator in your Last Will and Testament, or, if you don’t have a Will, the courts will appoint a Conservator since someone must manage property for the minor children. While the assets are held by the Conservator, they are generally protected from creditors, but state laws can also limit how easily the assets can be accessed for the benefit of ...

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Top Ten Reasons To Buy A Used Car vs. A New Car

Top Ten Reasons To Buy A Used Car vs. A New Car Someone else pays for your depreciation Auto insurance is cheaper Monthly payments are lower You could buy a car for cash Less worry about having to buy extras Dealer “certification” programs Financing is cheap right now There are used car warranty programs Cars have a longer more reliable shelf life now No new car smell Ted Jenkin, CFP® 11680 Great Oaks Way, Suite 175 | Alpharetta, GA 30022 Phone 1.800.355.9318 or 770.777.0427 Securities and Investment Advisory Services offered through NFP Advisor Services, LLC (NFPAS), Member FINRA/SIPC. Oxygen Financial is not affiliated with NFPAS. NFPAS does not provide tax or legal advice. This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFP Advisor Services, LLC (NFPAS) may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for ...

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