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Five Important Things You NEED To Know About FAFSA

Most people relish the idea of figuring out how to get some free aid to help their families when it comes to taking care of college education.  However, year in and year out, families make multiple mistakes when it comes to filling out the Free Application For Student Aid (FAFSA).  This year, FAFSA has made multiple changes that need your attention to ensure your family has the best opportunity to reach your goal of getting some cash.  Here are the smart money moves you need to know: The Start Date Is Much Earlier Applications officially can be filed October 1st – January 1st This is a permanent change within the FAFSA system. It Will Much More Simple For Pulling Tax Information FAFSA will now use a ‘prior-prior’ method. This means that they will really be using two years prior to give everyone a chance to fully complete their tax extension. Students applying for 2017-2018 tax year which would be the ...

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Pay Off The Mortgage Or Invest The Money

One of the most difficult questions that I get from both younger and older clients is whether or not it is a good idea to pay off their mortgage or invest the money?  With interest rates continuing to hover around all-time lows, many people are still in the process of refinancing their existing homes or buying a new one.   If your rate is in the 3% to 4% range, you may be wondering if you should take your excess monthly discretionary income to pay down your home note faster or would it be a better idea to take that cash and invest it for the long term.    This decision has both financial and emotional ramifications, so let’s review the pros and cons of paying off your mortgage. The first part of this analysis is the black and white calculation on whether your money can work harder for you than the interest rate you are paying on your debt.   Let’s say, ...

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VIDEO: Should Your Kids Be Required To Work In College

College teaches young adults all kinds of life lessons. Without your parents by your side every day, it will likely be the first time your child has complete autonomy over their life. This may be the first time your child will have a roommate. It could be the first time they have a serious partner. It may be the first time they are exposed to other cultures outside of the environment they grew up in at home. With the new found freedom and rigorous course load they are expected to take, should a child be ‘required’ to work while in college? The simple answer is NO. Sign Up For His Fun & Casual Financial Newsletter: http://eepurl.com/eBqro Check Out Ted’s Blog: http://yoursmartmoney.wpengine.com Breathe Easier with oXYGen Financial: http://www.oxygenfinancial.net Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with ...

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Seven Ways The Word SALE Messes With Your Brain

There are lots of four letter words in the dictionary that makes us do abnormal things. Words like FREE and ZERO are two of the most powerful marketing words that I have shared with you in the past columns at Your Smart Money Moves. However, possibly the most powerful word when it comes to spending money is the word S-A- L-E. It just makes us plain old buy things we wouldn’t normally do otherwise. Here are seven ways the word S-A- L-E changes the way you think about money. 1. Can I afford it? The word sale makes you remove the concept of do I need it to can I afford it? This small shift in thinking could push you over the edge to buy something simply because it now fits within the price range you had in mind. 2. I have no use for this – There are plenty of things that you own that you really never had ...

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Talking About Lottery Winnings with Ted Jenkin

– Ted Jenkin | Atlanta Money Guy Topic: Talking About Lottery Winnings Taped 7/05/16 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Five Apps That Will Pay You To Shop

Shopping is usually an activity that makes you spend money.   In fact, with the ease of debit cards and credit cards today you can rack up big bills by simply turning your computer on to one of the major shopping websites.  So, I thought going into the summer it might be interesting to see what apps you could download that might actually pay YOU money to shop. Ibotta (www.ibotta.com) – Did you ever thing you could get paid to scan receipts from your phone?    Before you go shopping, you complete a few simple tasks and then you begin to unlock rewards.  With over 187 participating stores (and you can link loyalty accounts as well) it makes it very easy to make money with Ibotta.  Really, you end up just scanning bar codes and then taking pictures of your receipts. Swagbucks (www.swagbucks.com) – With over $132,470,000 of gift cards that have been awarded to users, Swagbucks is an app that will ...

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Where To Invest Under A Trump Presidency

Americans aren’t quite sure what to make of this three ring circus we are calling a Presidential election.   With the nomination fairly certain to be Donald Trump on the Republican side, there has been major discussion about what a Trump President might look like for the future of our economy.   Will he borrow more money?  Will he balance the budget?  Will he build a wall? Will he bring jobs back to America?   These are amongst the many issues that have been speculated about on the media outlets across the country.  Here are my smart money moves on where to invest under a Trump regime. Infrastructure- While I cannot give you specific stocks, mutual funds, or exchange traded funds (you’ll have to call me or e-mail me for that info;), I will divulge that this will be one of the best opportunities under a Trump presidency.   Consider this for a  moment. . . If you have a parent or grandparent that ...

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Will It Cost 1 Billion Dollars To Run The Presidential Campaign?

It’s hard to ascertain whether or not we will begin to see a Presidential campaign this summer or a continuation of a new reality show called ‘Who Wants To Be America’s Next President? While we are sure to see mudslinging in television ads and scandals come out of the woodwork, the stark reality is that from a financial perspective these campaigns are moving to epic proportion. Even Donald Trump who is a billionaire simply cannot afford the price tag to run a campaign in today’s bulging budget to get to the White House. So, where does all of that money go? Advertising- While the apparent part of this are the countless number of hard hitting ads we are going to see, people forget just how much will be spent on digital advertising this year through mediums such as Facebook. In addition, there is a huge cost for banners, signs, t-shirts, bumper stickers, and buttons that will be spent during the ...

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How The New Overtime Rules May Affect Your Business

The Department Of Labor is at it again, now changing the game for businesses as it pertains to overtime rules.   Since, that is what we really need . . . some more rules.  If it wasn’t challenging enough for small businesses dealing with making payroll and figuring out to maintain the costs of health insurance, now you’ll have to pay double attention to these new overtime rules which will become effective December 1st. Here’s a bet I’m willing to make on the record.  The cost for businesses across the country to manage and track all of these changes will far supersede the benefits that will actually be paid for people working overtime.  The administration believes by making these changes that many hard working Americans will earn overtime, but let me clue everyone in on four your smart money moves secrets. Right now, if you are a salaried worker who makes in between $23,660 and $47,476 and you have a reasonable ...

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5 Steps to becoming a LinkedIn Leader

These days there are so many social media platforms it is overwhelming.  Each service caters to a specific social activity.  When it comes to doing business, LinkedIn stands out at the top of the pack.  If you already have a LinkedIn profile, you know it serves as a kind of online resume.  But if you just hope someone is looking at you, then you are missing out.  No matter what business you are in, using the site to form connections can be a great benefit.  So how do you increase engagement on the site to become a LinkedIn leader?  Try these steps. Request connections/send messages regularly. Spend at least 30 minutes each week searching for new connections to build your network.  Ask your current connections for introductions to relevant people in their networks.  Also look to join groups that will drive the type of connections you are looking for. Send ‘thank you’ messages when you make a new connection. Make ...

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