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Doing A Wedding On A Budget

Will you marry me?    That magical phrase is shared between two people in love every day whether it be on a baseball scoreboard or with the entire family watching on in the living room.    Today student debt for Generation Y graduates is approaching an all-time high.  About two-thirds of college grads in the Class of 2013 will graduate with some student loan debt. The average debt for these students is about $28,000. (source: www.usatoday.com).  The real question couples should be asking when they tie the knot is “Am I marrying you or your debt?”   It’s important to have these discussions as financial items including your credit score can have an impact on loan status and job employment as you grow your future together.    If you both agree that money is tight, what are the best ideas on how to do your wedding right but still have fun within a reasonable budget?   Here are five smart money moves tips for you ...

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Will Generation Y Live The American Dream Of Buying A New Home?

Since the real estate meltdown happened in the 2007/2008 time frame, many families across America have seen their home prices plummet far from the original purchase price they paid, even with home improvements.  Others that bought properties in the mid to late 90’s saw a spectacular run of home price growth only to see many of those gains wiped away over the past four years.   With much of the home ownership across America dispersed between the baby boomers and generation X, there is a looming question around whether Generation Y will even want to own a home in the future.    Is this actually still an American Dream or merely something that has turned into a Nightmare On Elm Street?   Here are three reasons why Generation Y may not be a major purchaser of new homes over the next decade despite the incredibly low mortgage interest rates we are seeing today.  Heavy Student Debt – Many people in the 20’s are ...

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The New Rule: Field Goal Bill Paying

Nobody likes paying bills.   Not longer than a few years ago, most people met the end of the month with the dreaded feeling of writing out checks and licking the back of envelopes—UGH!.   Over the past five years, many people in the United States have transitioned their bills from the check stuffing days to now merely having to fill in an amount and simply point and click.   With some providers sending you an e-bill alert now, you may not even have to remember when to pay the bill. I’ve learned over the past couple of years that the next generation of bill payers (your Generation X and Generation Y crowd) uses something that I like to call the Field Goal Rule when it comes to deciding whether or not to click the ‘pay now’ button.   Here’s how the rule works.   When a particular bill comes such as cable television, cell phone, or local water bill comes, a bill payer has ...

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Who pays the bills: MEN or WOMEN?

The great debate has gone on for years.   Who really handles the money in the home.   Is it the man or the woman in the home who ends up taking care of the financial bills?  Fiserv and The Marketing Workshop recently surveyed 3,029 consumers about the subject of banking and on line bill paying to represent the 90.5 million consumers involved with online banking.   The survey found two astonishing statistics.   One, in 2000 bills by paper check was the majority method where in 2010 bills by paper check is less than one quarter of the primary method of paying bills.  Two, that Generation Y is propelling the future business of mobile banking and personal financial management tools. As an experienced professional and a founder of a financial advice and planning firm for Generation X and Generation Y, we know that the way households are run and business is done will transform over the next decade.   According to the Fiserv study, ...

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Best Things To Buy In January

I am all about saving money, and here are some of the items I think you will be able to find deals on in the month of January: Jewelry Bedding Furniture Calendars Toys If you have more . . . leave me a comment! Also Check Out – Top 10 After Christmas Deal Websites, 9 financial tips for Generation Y, The Top 10 Travel Websites , oXYGen Financial On The Radio – 12/17/09 oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation. Securities and Investment Advisory Services offered through NFP Advisor Services, LLC (NFPAS), Member FINRA/SIPC. Oxygen Financial is not affiliated with NFPAS. ...

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Atlanta-based oXYGen Financial Featured on Rock 100.5 The Regular Guys

oXYGen Financial, the premier boutique financial services company for generation X and generation Y is now featured every Thursday morning at 8am on Atlanta’s Rock 100.5 The Rock 100.5 Morning Show in a segment called “How NOT to Go Broke” with co-CEO Kile Lewis. Atlanta, GA (PRWEB) September 29, 2009 — Fresh off a recent one year anniversary, Atlanta based boutique financial services company oXYGen Financial is beginning to hit their sweet spot. Already featured on local Atlanta based 790 the Zone sports radio, they have now developed a new segment for syndicated radio show The Rock 100.5 Morning Show which airs in Atlanta, GA and Dallas, TX. “There is nobody teaching the next two generations about how to manage their personal finances,” says Kile Lewis, co-CEO and Founder of oXYGen Financial. “Our partnership with The Rock 100.5 Morning Show emphasizes how important companies believe that people need to be taught how not to make the same financial mistakes again ...

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Generation Y’s goal? Wealth and fame.

Generation Y's goal? Wealth and fame. Eighty-one percent of 18- to 25-year-olds surveyed in a Pew Research Center poll released today said getting rich is their generation's most important or second-most-important life goal; 51% said the same about being famous. ...

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9 financial tips for Generation Y

9 financial tips for Generation Y. Perhaps not surprisingly, more than half of employees between 21 and 32 say that they're living paycheck to paycheck, according to a recent survey by insurer Metlife. Nearly three-fourths of respondents are concerned about making ends meet. Fortunately, you can get off to a sound financial start with these nine tips. ...

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