Friday finances

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iVillage Member
Registered: 10-23-2001
Friday finances
572
Fri, 03-22-2013 - 6:55am

So I heard a lot of chanting at school yesterday about tomorrow (today) being pay day, Woot!  Ha, That doesn't mean a lot to me but some of those teachers make good money and b/w that and the slip ins about money in a couple threads here I thought a thread would be fun..

How often are you/your DH paid

Do you discuss finances with your children?  To what extent?

Are you a spender or a saver

 

 

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iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 9:33pm

S

cruisingchick20111 wrote:
At my age, no Chest, I don't think I need to. You are older than me so I can see your concern.

So you are willing to lose money (or not maximize) because you are younger than me? LOL

Good luck with that...I actually get to collect SSI and a pension. Do you? (thinking I'm pretty golden...)

iVillage Member
Registered: 12-07-2003
Sat, 03-23-2013 - 9:28pm

cruisingchick20111 wrote:
Again, Geschichtgal, the same reason you do. I am still young. This is working the best for me right now and again, I said I consulted with my father years ago about this (as he was very good with this). I am blessed to have extra money being invested also in my account from my company (and the chunk from a few years ago). It really has helped and in 20 years, who knows if I will go to a financial advisor to see if I should move my funds in other places. Right now, I am basically putting it in the hands of a well known, trusted company.

If it's so easy to invest as smart as possible, why wouldn't you make the smartest investments?  Do you prefer not to make the most money on your retirement?  I mean, if it's something that requires a good bit of knowledge to do effectively or the services of a good financial advisor, it makes sense to take the easy way out with a lifecycle fund.  But if it's sooo easy to do yourself, why would you stick with those investments?  You should read some Elizabeth Warren.  She does a good job explaining why the financial climate has changed a lot in the past 30-40 years.

iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 9:27pm
At my age, no Chest, I don't think I need to. You are older than me so I can see your concern.
iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 9:21pm

cruisingchick20111 wrote:
Yes, Chest and that is why I am able to change on a daily basis if I find the need to.

But you don't, because you are a low knowlege invester. The 401k firms love you.

iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 9:21pm
Again, Geschichtgal, the same reason you do. I am still young. This is working the best for me right now and again, I said I consulted with my father years ago about this (as he was very good with this). I am blessed to have extra money being invested also in my account from my company (and the chunk from a few years ago). It really has helped and in 20 years, who knows if I will go to a financial advisor to see if I should move my funds in other places. Right now, I am basically putting it in the hands of a well known, trusted company.
iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 9:18pm
Yes, Chest and that is why I am able to change on a daily basis if I find the need to.
iVillage Member
Registered: 12-07-2003
Sat, 03-23-2013 - 9:17pm

cruisingchick20111 wrote:
Yes, I do use Geschichtgal. And?

Those aren't the best way to invest.  Since it's so easy to invest, why do you have your money in those funds?

iVillage Member
Registered: 05-13-2009
Sat, 03-23-2013 - 9:16pm

Hazel - You are aware that the market changes every day, right? That a position that works today may not work tomorrow?

iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 9:16pm
Yes, I do use Geschichtgal. And?
iVillage Member
Registered: 10-10-2011
Sat, 03-23-2013 - 9:13pm
Thanks, Chest. I had consulted with my dad many years ago (when he was alive) and he was fully aware of the funds and totally agreed with me that, that was the right way to go. My father didn't have any outside help until the last years before retirement, which he never made it to :( He took a class once from a financial planner and he actually taught the planner some things. He considered it a waste of time.

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