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Please Slap My Hand When I Spend Money!

For Generation X, I’ve noticed something over the past couple of years around money that seems to becoming a trend.    Even though you are college educated (maybe an MBA), have a great job as a VP of company, and have traveled to several countries around the globe, you’ve reverted to the behavior you had when you were in college.   The simple rule is this.  If there is money in your pocket, then it’s sure to catch fire sooner than later and burn a hole in your pocket.    It doesn’t matter if it is a new pair of boots you see in a magazine, a remodeling of your bathroom that could probably wait, or staying at the best hotels like a Ritz Carlton or the Four Seasons.   Gen X’ers have seen a terrible recession over the past few years, but the trend is returning that spending money is a hard habit to break.   Gen X’ers have that Cyndi Lauper slang in ...

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5 Ways To Save Money On Thanksgiving Dinner

According to a report from the American Farm Bureau Federation, you’ll spend 13% more on Thanksgiving groceries than you did in 2010. The report also mentions how the average cost for a Thanksgiving dinner to feed 10 people in 2010 was $43.47 and this year, it’s expected to be $49.20.   I’m not sure what town the Farm Bureau got this data from, but I don’t think I’ve ever been able to pull off a Thanksgiving dinner for $4.92 per head.  Of course if you’re drinking two buck Chuck from Trader Joe’s than it possible to hit this number as long as nobody gets second helpings of stuffing.    With the rising costs of milk, turkey, and other consumer staples, you are likely to pay more this year if you are hosting Thanksgiving Dinner.   Here are a few tips that might save you some money and still pull off a nice meal. Go pot luck with your relatives or friends–  Ask each ...

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Just Because You Can Doesn’t Mean You Should

Have you ever heard that saying that money can burn a hole in your pocket?   Although you can find many different meanings for this expression, over the past decade I have seen spending run out of control on a personal level.   Eating out using to a perk for most families, and now an $80 meal during the week is the norm.    Picking up a luxury item only happened on special days like holidays or birthdays, but now people buy them whenever they are in the mood.   We have been conditioned over the past decade to always make sure we get the BEST!   Of course, why wouldn’t any of want the best if we could afford to buy it with our hard earned money. Credit cards have given many people power.    When you have money in the bank you feel like you have power.  With just a swipe of your debit card, you have the power.   Yes, because you have money ...

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10 Ways To Reduce Your Credit Card Debt

Those that end up being wealthy don’t make it a habit to revolve debt on their credit cards. If you have a goal this year to get rid of your credit card debt, here are 10 ideas to help you get rid of the plastic hangover. Pay The Credit Card With The Lowest Balance– Even though some credit cards may have a higher balance, putting a check mark in the win column by paying off just one credit card will get you fired up to pay off another. Pay Cash For Three Months– If you walk into a grocery store or a department store with cash, you can only get as far as your wallet will take you. By physically not using a credit card for three months, your habits and how you think about money will begin to change. Switch Your Credit Card Debt To A Lower Rate– If you can qualify for a zero balance credit card transfer ...

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Should you lock in your natural gas rates?

We have seen that natural gas rates are at an all time low. Here are some points that I thought I would share with you for those in the state of Georgia around your natural gas bills, and the upcoming winter season ahead of us. Point 1: With colder weather setting in, it's a good time to think about fixing your natural gas rate Generally speaking, 6- and 12-month fixed rates are lower than variable rates right now. Based on natural gas futures prices, this is likely to remain the case through the winter when most customers' usage increases dramatically. With rates now starting to rise, fixing your natural gas rate is an easy, effective measure that consumers can take to manage their household budgets this winter. And that leaves more money in your pocket. ...

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