Your Guide to Financial Freedom.

One of the many reasons I wrote the book Get WalletWise resulted from watching my grandparents struggle with money in retirement during the 1970s. They were on fixed incomes and regular price increases made it incredibly difficult for them to balance their budgets. My mother kept everything, and I have relived their trauma recently by rereading the letters between my grandparents and my mom. My grandmother living in New York complained regularly about the high price of heatin

Time to get into the Travel Saddle again! Amazon Rewards Visa Review On September 22, 2019 Citi, one of the largest credit card issuers, dropped their travel perks. Citi discontinued Worldwide Car Rental Insurance, Trip Cancellation Insurance, Travel Insurance, 90 day Return Protection, and Citi Price Rewind. Boo! Amazon to the Rescue In response, I selected the Amazon Rewards Visa as a replacement. Because I have an Amazon Prime account I have the Amazon Prime Rewards Visa w

Avoiding the Mistake of Debt Settlement and Debt Consolidation Companies “The only man who sticks closer to you in adversity than a friend is a creditor.” —Anonymous Let’s Clear the Air with a few Definitions Debt Settlement Company- Offers, for a fee, to renegotiate some of your debts, collect a single payment from you, and pay your debts. Debt Relief Company—Same as Above, Debt Settlement Company. Debt Consolidation Company— Combine and wrap up all of your unsecured debts i

WHY? 1. Earn more interest 2. No Fees 3. Access to budgeting assistance 4. Early Payday 5. No Overdraft Fees I went to open a new business checking account last week. My major money center bank checking account was costing me $27.00 per month, so it was time for a change. I went to my local friendly credit union to open a low fee business account, and the staff met me with bureaucratic mumbo jumbo. I immediately drove home, searched online and found a highly rated business on

Read Your Credit Card Statements! Look for bogus charges. If you do not check your credit card statements monthly, you risk getting charged with goods and services you did not purchase. A few months ago, I checked my statement to find a bogus Disney Plus charge of $12.99. I called the credit card company to report the bogus charge, and they happily issued a temporary refund pending an investigation. I thought the card company resolved the issue. Unfortunately, the charge reap

The Problem. Do you owe more than your car is worth? A financial coaching client of mine shared an interesting story. I own a Mercedes Benz E class worth $12,000. I owe $24,000. How does that happen? It happened because his self-interested car salesman and dealership happily wrapped the negative equity he had accumulated in his earlier car deal. A deal for a Hybrid that went terribly wrong. The Hybrid cost about $3,000 more than the regular model. My client disliked the car.

These are the Times that Test Men's Wallets! These are the Times that Test Women's Purses! Money Triage In a time of crises like this, it is all important that you have an awareness of or “situational awareness” of your money? How much cash do you have? Where is it located? Let’s begin Money Triage. 1) Take an inventory of your cash. Check your savings and checking accounts. Do you have savings accounts on direct deposit to eliminate bank fees? Sometimes you forget these acco

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6) The financially successful believe in education: Don’t be a victim any longer. Learn the habits of being competent financially. The financially successful are open minded and always open to learning new skills and on the lookout for the next big idea or next big thing. They read books, magazines and watch videos about finance. They watch TV shows and reports that discuss the financial picture of the world and apply it to their individual financial situation. They ask quest

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The 10 Habits of the Financially Successful 1) The financially successful are reliable: I put this habit first because it is so important. If you are unreliable, then the forces of heaven and earth cannot help you. The mediocre and worse will pass the most talented person in the world if you are unreliable. The result is misery. 2) The financially successful are honest. The best way to create a miserable life is to be dishonest. You will get away with a little dishonesty, but

Ken Remsen, founder and Chief Financial Coach of WalletWise, LLC, a financial coaching company, says the most important part of starting a savings plan is to create a personal budget. If you don’t know how much money you are spending compared to your income, then you don’t know how much you can afford to save. Control your spending to become a saver. The second tip is to pay yourself first. This means after you set the amount to save, make it automatic. This means set up an

Not Only Respect your Elders, Protect Your Elders! I just got off the phone with the customer service of a popular nutritional supplements company promising the fountain of youth. My goal was to close the account for one of my Daily Money Management clients who was receiving recurring credit card charges for the supplement. The inspection of his medicine cabinet revealed an oversupply of the product. I called to return another unopened delivery. The conversation starts with a

“But the comfort is, you shall be called to no more payments, fear no more tavern-bills.” — First Gaoler (Jailer), Cymbeline, Scene 5 Act 4 Shakespeare Get a DUI and other expenses of drunk driving. The dry sense of humor found in other parts of this book (The book I just finished writing) is not found here. Driving drunk is no joke. So many innocent lives have been ruined due to the results of drunk driving. There is no excuse. Over 1.4 million people are arrested fo