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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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What If I Need A Cash Advance?

It is never fun being behind on paying your bills.  With more and more people living paycheck to paycheck, we often get the question, “what happens if I need money in a pinch?”   That question can spur many different responses based upon your individual financial situation, but what happens if you have to look for some sort of cash advance to hold you over until the next paycheck.   Obviously, you want to exhaust all of your options before you go for the cash advance.  We don’t recommend cashing out of retirement plans like your 401(k) as many people will when they look for cash as the taxes, penalties, and loss of compounded interest on your money could be detrimental to your long term retirement plans.  I need a Cash Advance – So, what to do? There are many companies that offer these types of programs to get a small loan between $100 and $1,500.  For example, companies like CashNetUSA are ...

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You Don’t Need 3D TV

I have been seeing all of these commercials as of late on how you can have 3D TV in your home.   Let me be the first to tell you that you simply don’t need this technology for the price tag it will carry. I think I saw my first 3D movie in 1981 called Coming At Ya’ which was a Western style type movie with objects seemingly rolling out of the screen and into the movie seats.  Remember, the Friday the 13th installment that was in 3D?  There was nothing cooler than having those red and green 3D glasses, and only every once in a while did a new 3D movie come out in the theaters.  Now, for an arm and a leg you too can take your family to see one of the many cartoon fantasies on the big screen.  No red and green classes, but certainly some cooler special effects. Now, I want you think about this.  Why ...

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Joe vs. The Volcano

For those of you who have had friends, family members, or business colleagues held up by the recent Icelandic volcano ash, you may wonder what the outcomes might mean to your wallet. Well, just recall recent history that the airlines are the Volcano and we are Joe.   When gas prices got high the airlines decides to start imposing all sorts of additional fees most of all the baggage fees.  These fees started out for extra baggage until the airline companies realize that they could just start charging normal customers baggage fees just for checking in a bag (not Southwest!).   I guess we all thought when gas prices went away, we would see those fees go away.   No way, not when they add the bottom line of the airline companies. Now, with recent massive cancellations and delays from the volcano ash spreading over Europe, I suspect that you will see part two playing at a theater near you soon so the ...

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