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Tag: Cash Flow

Saying “no” when your child wants money

The next time you’re tempted to give into your child’s requests for a few extra bucks, whether its $10 or $10,000 keep in mind that enabling children can lead to dependency, which usually kills the child’s self esteem and initiative.   Furthermore enabling prolongs...

Can’t Pay Off Your Credit Card Monthly? Cut It Up!

Financial consultant Rick Kahler says there are still many good reasons to stay away from credit cards. Kahler says, “I’m a great advocate of not using credit cards, especially for anything consumer related. The best use of a credit card is to pay if off...

Consider Increasing Your Cash Reserves

In recent months I’ve been suggesting that my retired clients consider increasing their cash reserves and keep two years of income needs in a money market or ultra short term bond fund.  While the time-tested standard of six months to...

Ways to Save Money and Not Feel Deprived

Cathy Curtis’s article on “10 Ways to Save Money and Not Feel Deprived” is an excellent read on ways to save money while minimizing the pain.  As I read through her list, I was surprised at how many I’ve actually done myself or recommended...