Your Five Best Money Moves for Open Enrollment

Your Five Best Money Moves for Open Enrollment

Fall is The State Fair of Texas, College Football, Oversized High School Mums and Halloween.  It is also the time of year where most companies begin to offer open enrollment for your benefits.

Benefits are complex and the pressure to make the right decision for you and possibly your family increases each day you wait.  It is important that you learn how to make your best money moves during your open enrollment.

Your Five Best Money Moves for Open Enrollment

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Five Money Lessons I learned from Big Tex

Five Money Lessons I learned from Big Tex

Howdy Folks!

Welcome to the Great State Fair of Texas.

Established in 1886, the State Fair of Texas promotes agriculture, education and Big Tex.  Today the Fair opens for 24 consecutive days and is the longest-running fair in the USA.  (It’s Texas – everything is bigger)

Big Tex made his debut in 1952 and yes, it is true, he started out as a Santa Claus.  Standing 55 feet tall decked out in his size 96 boots, he is a representative of everything Texan.  A visit to the fair is not complete without a picture including Big Tex.

Besides being the ultimate host, Big Tex is a great teacher of sound financial principles.

Five Money Things I learned from Big Tex

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Five Money Conversations Every Family Needs to Have

Five Money Conversations Every Family Needs to Have

I received a call one morning from a college friend who asked if we could have lunch that day.  I could tell from his voice that something was troubling him.

We met for lunch and after ordering our food, I asked what was going on that he needed to meet so suddenly.  His answer is a common problem that nearly everyone experiences.

“I am having dinner with my parents tonight and I want to talk to my parents about their money, but I don’t know how to ask them.”

Thankfully there is a great way to open that conversation today thanks to the Queen of Motown Aretha Franklin dying without a will.

Approach your parents with “When I heard about Aretha Franklin, I wondered whether you had a will and that led to other questions running through my head.”

Five Money Conversations Every Family Needs to Have

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Part 3 Back to School – Saving Money

Part 3 Back to School – Saving Money

It’s the most wonderful time of the year  – Back to School.  Whether you loved having your children home for the summer or whether you think the most beautiful sight in the world is that big yellow bus, kids are headed back to school.

Are you ready to spend $500 to $1,000?  That is what the average family spends in the first 30 days of back to school shopping according to Peter Dunn, 60 Days to Change: A Daily How-To Guide With Actionable Tips for Improving Your Financial Life.

Five Ways to Use Technology to Save on Back to School Shopping

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Part 2 Back to School – The Credit Score

Part 2 Back to School – The Credit Score

The clock ticked louder as July became August and you make the final preparations to take your child to college.  Those conversations that started almost eighteen years ago about saving for college for your child are about to become real.

In addition to getting a degree and launching their career in give or take four years, college is an important time to begin mastering money.

Credit Score 101 is the class that should be required and mastered by parents and college students.  Right behind your social security number, your credit score is the most important number you need to know.

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Part 1 – Back to School

Part 1 – Back to School

Even with the last week of 100+ temperatures, you can feel the change of the season. No, it is not college football season, yet.  We still have thirty days until Duquesne and UMass kick off the 2018 college football season at 4:30 PM.

“Back to School” is in the air and mind of parents everywhere and over the next three weeks we are going to discuss “Back to School”.   The first part of our back to school series is college Freshman.  Many of you are down to a few final weeks before making the trip to college town USA for your first experience of dropping your son or daughter off at school.

As a College parent, you need to take five minutes to read this blog.  This may be the most important action you take about sending your child to college or a gap-year and I doubt it is on your list.

You’re probably busy with last-minute shopping, packing and worrying about roommates. Here’s one more thing you should do as you prepare for the big separation:

Ask your son or daughter to sign a durable power of attorney and a health care proxy.

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