Archive for 'General Personal Finance' Category

Financial Impacts of Addiction

By Linda Leitz - Last updated: Friday, March 17, 2017

The understanding of addiction as a health care crisis is growing in society. For purposes of this article, we’ll define addiction as a compulsion to use a habit forming chemical, such as alcohol, heroin, cocaine, meth, or prescription drugs, and drugs will be considered to include alcohol. In addition to the emotional trauma that addiction […]

New Retirement

By Linda Leitz - Last updated: Friday, February 17, 2017

The definition and expectations of a working life and retirement have shifted through the years. They continue to shift, both out of our changing desires and out of necessity. When the safety net of the Social Security system was introduced in the US, unreduced benefits were available at age 65, but life expectancy was only […]

What to do?

By Linda Leitz - Last updated: Tuesday, January 10, 2017

When there is a big world event – especially one that seems to have an impact on economic markets – many people wonder what they should do in response to protect their financial well being. The best time to protect yourself from a financial downturn isn’t when the downturn happens. It’s before it happens. If […]

Unexpected Cash Flow Crunch

By Linda Leitz - Last updated: Tuesday, December 20, 2016

Just about everyone gets surprised by a month that has more expenses than income. As with any unpleasant surprise, how we handle it can determine whether it turns into a long term problem or just a short term bad situation that we learn from. Here are some ways that might help with cash flow and, […]

Your Money Script

By Linda Leitz - Last updated: Tuesday, November 29, 2016

Views about money come from our upbringing, our personal experience, and the people who influence our opinions. When these financial feelings become extreme, they can lead to dysfunctional decisions, so making yourself aware of any severe money attitudes can help you achieve your financial goals. The Klontz Money Scripts were developed to identify some common […]

So What Do All Those Letters Mean?

By Linda Leitz - Last updated: Tuesday, October 25, 2016

Many of us look to professionals to give us valid financial planning and investment advice.  This seems reasonable.  People choose to have a professional help them with many aspects of their lives.  It may be having a competent attorney write or review your will or having a professional auto mechanic change the oil in your […]

No Green Bananas?

By Linda Leitz - Last updated: Monday, October 3, 2016

Very often, retirees or people almost in retirement don’t want to hear about issues involving their money if it suggests any type of long range view of things.  Often I’ll talk to someone in that category about the long term performance of something relevant and they’ll reply that they don’t even want to look at […]

Your Social Capital

By Linda Leitz - Last updated: Tuesday, September 6, 2016

One of your biggest financial assets is you and your professional potential. Part of how you make the most of your ability to earn at your desired level and have a fulfilling career is your social capital, which is the academic term for your personal and professional network. You may have natural social capital. That’s […]

The Money Pet

By Linda Leitz - Last updated: Monday, August 29, 2016

There are good, kind people who don’t have any desire to have a pet in their lives. And there are people who consider a pet a part of the family. If you’re a Pet Person, it’s a good idea to think through the financial impact of bringing a non-human animal into your life. Even if […]

Develop your Biggest Resource

By Linda Leitz - Last updated: Tuesday, August 2, 2016

Managing your finances has many aspects. It’s good to have an emergency fund, spend less than you make, and save for the future. But there’s a big financial asset that many of us take for granted and it’s worthy of your attention. It’s what academics call human capital and what you might call your talent […]