April 30th, 2013 by Sarah
Who is Generation Y? It’s no secret that younger Americans have a penchant for spending that past generations have avoided. Is it greed, or have
cultural values set us up to fail? According to the Department of Agriculture, parents spend over $40,000 more on each child compared to costs in 1960. While inflation is partially to blame, the shift in mainstream parenting and child “needs” are mostly responsible for the increase.
Parenting norms began to shift in the mid-to-late 1970’s. While their parents and grandparents were encouraged to play quietly, Generation Y kids were saddled with a new kind of attention span and list of basic needs. They “needed” constant interaction, play groups, music lessons, tutoring, art classes, dance classes, nature groups, better clothes, better toys, etc. to become well-rounded adults. What are the results of this shift? In general, Generation Y members are more likely to: continue reading “Parenting and Cultural Trends Linked to Credit Problems” »
Posted in Credit
April 26th, 2013 by Staff
Posted in Credit, Finance
April 25th, 2013 by Sarah
Our article about the perks of investment property struck a chord with many readers. Learning how to protect your credit and invest safely is Priority #1 on the path to becoming a successful landlord. We’re taking this topic a step further by uncovering the best ways to avoid buying a money pit. The results will keep your credit score in top shape.
Don’t expect much hand-holding when it comes to buying real estate. Sure, you might have a great realtor at your side, but the fact remains that they cannot legally advise you how and where to live. Profiling a property based on neighborhood safety, school systems, economic strength, etc. is a broker no-no, leaving you with little guidance in the decision-making process. With that in mind, be sure to research the following as you begin your investment property search:
Posted in Credit, Credit Score, Finance
April 23rd, 2013 by Sarah
A few months ago, we delved into the finer points of investment property, exploring effective ways to secure a reliable tenant. While you may have gained the skills of a savvy landlord, what if you choose to employ help? For those with busy schedules or multiple homes, a property management company could be the answer you are looking for. Many of these companies handle everything from tenant screening to maintenance and rent collection. Their expertise could pave the way for bigger returns, solidifying your installment debt and resulting in larger profits. Despite the benefits, consider the following points when interviewing potential candidates. A professional should be a source of help, not a catalyst for credit repair.
Posted in Credit, Finance
April 11th, 2013 by Sarah
American kids are spoiled says the U.S. Department of Agriculture. According to their study, parents will spend more than $12,000 a year on each “average” child. For the well-off or just-plain-spoiled, parents are doubling that cost.
What’s wrong with this picture? Many would argue that providing their kids with a comfortable lifestyle is completely normal. No matter your budget or earning power, teaching your kids about money is imperative when it comes to raising responsible adults. Consider the following misconceptions and ask yourself if you’ve ever used these phrases.
Posted in Credit
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