July 11, 2019
Family vacations. They can be a ton of fun and make memories that last a life time. I can still get sentimental about my own childhood vacations and those were a while ago (a loooong, looooong, loooooooong time ago if you ask my kids).
Sometimes, though, those memories can also come with a cost. It just costs money to do most things. It doesn’t have to cost a ton of money, but probably something. We have dealt with this in our own home. Because it can directly affect them, vacations can also be a great opportunity to teach our kids about money.
So, without further ado, here’s the story of when my son taught ME about money. Read the rest of this entry »
September 25, 2018
Do you know who is most likely to steal your identity and put negative items on your credit history? I’ll give you a hint. It’s not a ‘prince’ in some foreign land. It’s not even some guy named ‘Dave’ in a country that spans both Europe and Asia. It’s not some pasty white hacker sitting at a computer in their basement wearing a black hoodie. No, it’s not any of those creepy crawlers out there.
- Who knows all of our information?
- Who do we invite into our homes and give access to all of our information?
- When it does happen, a police report is needed to clean up the identity theft. Who are we least likely to file a police report on?
That’s right, it’s FAMILY! Read the rest of this entry »
January 25, 2018
You’ve done it. You set a goal and, after years of work, have finally accomplished that goal. That’s right, you finished your college degree. With that accomplishment comes another question. “So now what?” That can be a pretty loaded question. Does it include career? Just finding a job? Location? Home purchase? Relationship? Family? Vehicle? More education? Vacation? There is a lot of think about when you ask “So now what?”. While these all matter, I have one more question you need to ask your self –
“So now what about my student loans?”
Unfortunately, many people respond with, “What do you mean? I just start paying them…. or something…. at some point in time….” Well, yes, that’s true. BUT THERE’S SO MUCH MORE! Read the rest of this entry »
November 30, 2017
My in-laws have decided it’s time to make a move. It’s just the two of them and a small dog in their spacious 3 bed, 2 ½ bath home on a corner lot. They’ve made a decision that a lot of people in their generation are making. They are ready to downsize to a townhome. When I first started selling homes here in Sioux Falls, that’s exactly what townhomes were – the first step of retirement housing in that gradual journey to the nursing home. Now let me be clear – in no way am I implying that my in-laws are that old. I’m just sharing why they made the choice they have…… I mean…….uh, anyway…….. While this is still the case for some people, the typical townhome buyer is changing.
If you are dreaming of your very own single-family, stand-alone home with the white picket fence, you may want to rethink that regardless of your distance from the nursing home. Read the rest of this entry »
November 2, 2017
Cheesy as it may be, it’s a tradition. Sometime in the next two months you will hear it. “IIIII’m dreaming……… of a whiiiiiite… Christmas….” Come on now, everybody loves a little Bing Crosby at Christmas. As sentimental as a white Christmas may be, there are a lot of people dreaming of a black Christmas too…… or rather, a Christmas in the black.
I think most of us dream of making Christmas magical for those around us. There are a lot of ways to do that. It could be anything from waking Christmas morning to find stockings stuffed and a new toy train going around the Christmas tree to a new tradition of Christmas on a warm, sandy beach under a palm tree. Either way or any in between, it’s probably going to cost you. Read the rest of this entry »
October 25, 2017
The Center for Financial Resources’ “Student Loan Boot Camp” class helps borrowers take control of their student loans. A one-hour class, you can attend in-person over your lunch hour or by video conference wherever you happen to be. The session covers locating loans, understanding loan types, payment plan options, loan consolidation and more! Student Loan Boot Camp is offered the third Wednesday of each month. You can register via the calendar link at http://www.LssSD.org or by calling 888-258-2227.
May 19, 2017
Bankruptcy. It’s a word that evokes a lot of different emotions and responses. “It’s a cheap way to get out of debt.” “Or perhaps it’s the fresh start someone needs.” “But if they hadn’t gotten themselves into debt in the first place.” “Then again, they didn’t choose to get sick and end up with the medical bills they have.” “I pay my bills so why can’t they?” “I can’t pay my bills so what’s wrong with me?”
The comments could go back and forth for ever and certainly have since the advent of bankruptcy. In reality, bankruptcy is not the right answer for everyone, but it may be the best option for some. It’s not always an easy choice to make. Read the rest of this entry »
May 4, 2017
You want to buy a home? Have you looked at prices lately!? Do you know how much you need for a down payment!?! You’ve got to be crazy!!! There is no way you can come up with THAT MUCH money right now. I mean, come on. Don’t you need like 20% down for a house? That’s got to be like $50,000-$60,000 with where homes are priced. Buying a home just is NOT an option for you right now. Right?
WRONG. Well, maybe it isn’t the right time for you to be buying a home right now. But the premises above are probably not going to be what holds you back. Let’s talk about why. Read the rest of this entry »
April 20, 2017
Tired of renting? Tired of the landlord? Tired of the crazy neighbors doing who knows what and all kinds of hours? Tired of nothing but white walls in your living space? Tired of someone else parking in your parking space? Tired of paying every month and getting nothing (except maybe part of your deposit) back when you move? Perhaps it’s time to move out of your parents’ house…..
OK, so this probably isn’t your parents’ house anymore. But it may still be time to move on. Perhaps it’s time to look at buying your own home. As our clients consider a home purchase, one of the most frightening issues they face is determining exactly how much they should spend on a home. Read the rest of this entry »
March 23, 2017
As I write this, I have to admit that things aren’t quite right in my world. My attention is wandering. My head feels like it is bouncing around like a balloon at the end of a string. The letters on my computer screen might even be dancing just a little for me. We can pick things up from our close friends and family like phrases, ticks, and habits. I’m blaming this one on my wife. My world is not right and it’s all HER fault! Read the rest of this entry »