Here are some articles that caught my eye this week…
Your teen doesn’t have to have a degree in finance, but it is critical that you teach your children some basics of banking and handling money. I think one of the reasons that many young people struggle with money is not that they are irresponsible. It is simply that no one has ever shown them basic financial skills.
Sometimes I think this might be one of the most important keys to successful investing. Don’t get me wrong. I do think that one attribute of being a good citizen is staying informed about what is going on in the world around us. You have to remember though that bad news sells. This is especially true when it comes to investing. You can bet the day the market tanks that it will lead the news that night. But when it bounces back the next day? Hardly a mention. If you base your investing strategy on the latest news reports you will either be too scared to ever start investing or you will end up selling at the worst possible times.
Enjoying summer doesn’t have to put a dent in your wallet.
It is tricky knowing how to negotiate salary when you are offered a new job. Particularly, if you are unemployed you don’t want to do anything to jeopardize getting the job. At the same time remember that if you have been offered the job, chances are your new employer wants you as much as you want them. Future pay increases may be limited by company policies or general economics, so negotiating that initial salary may be your best chance to get your pay in line with what the position is worth.
These might not make you a millionaire but they might help you earn a few extra bucks to build your savings or get that debt snowball rolling.
I have a confession. I’m not very comfortable with negotiating. It’s interesting. I have no problem negotiating at a car dealer because it is expected there. But negotiating other places is very uncomfortable for me. How about you? Have you had success negotiating at retail establishments?