by Robyn | Sep 27, 2016 | Banking, Budgeting, Credit Cards, Large Purchases, Saving Money
I am surprised by the number of people who don’t pay off their credit card bill in full each month. I am not speaking of folks who don’t have the funds to pay their balance. I am speaking of people who have the money available, yet choose to not pay off their credit...
by Robyn | Sep 13, 2016 | Banking, Budgeting, Credit Cards, Large Purchases, Saving Money
The use of reloadable prepaid debit cards is exploding. Consumers loaded $56.6 billion on the cards in 2010, and they are projected to load $168.7 billion by the end of this year according to Forbes Magazine. The Mercator Advisory Group, which advises businesses...
by Robyn | Aug 23, 2016 | Financial Literacy, General, Helping Mom & Dad, Saving Money
Typically paid personal care, such as dressing and bathing, is not tax deductible. If an individual meets the IRS requirements, however, long term personal care can be deducted as a medical expense. Before you toss your spouse’s or parents’ long term care bills, check...
by Robyn | Jul 26, 2016 | Helping Mom & Dad, Planning for Aging in Place, Saving Money
Adult children fighting over their parent’s money: this is one of the saddest, yet common, things I witness in my work as a daily money manager. In some cases, one or more of the children have a sense of entitlement, not understanding that their parents’ money is not...
by Robyn | Jul 12, 2016 | Financial Literacy, Financial Organization, Saving Money
Note: This is a guest blog by my colleague, Christine Moriarty, CFP, of MoneyPeace, Inc. When it comes to cost versus convenience, many of us opt for convenience. In this fast paced world, saving time seems to have universal appeal throughout the classes and the...
by Robyn | Jun 21, 2016 | Banking, Budgeting, Credit Cards, Helping Mom & Dad, Planning for Aging in Place, Saving Money, Social Security
Handwriting checks is time consuming. Many of us no longer write checks to pay our own bills. If you are helping a parent or an older loved-one with bill paying, he or she may be resistant to newer methods. Paper checks are familiar to many seniors and make them feel...