|
|
Money 101:
Personal Money Planning's Newsletter
|
|
| Find Us On Facebook! |  | |
Join our Facebook page for interesting and helpful information about finance, business, and more.
|
|
Howdy!
As you are reading this, it is June 2, 2012. Or later. We are almost halfway through the New Year; how are those resolutions coming along? Did you resolve to pay off your debt? Don't worry, it's never too late to start. Don't be afraid of that credit card debt, just face it. Credit cards aren't bad things, if you treat them right as today's soapbox shows.
We all have to struggle at times. If you can do it with a smile on your face, you will make it a little bit easier. Today's Money 101 deals with the lighter side of estate planning. If author Jen Lancaster can find humor while writing her will, you can grit your teeth and pay down that credit card debt.
Gary
|
|
Gary's Soapbox
Plastic Money and Traveling
Welcome to summer! Around this time of year, many folks start thinking about getting out of town. Laughter may be an instant vacation (as Milton Berle said), but it doesn't create an instant beach. So while you are making the final arrangements for that trip you've been saving for (your vacation does fit into your budget, right?), here are some tips for using your credit cards.
Yep, I said credit cards. While I wouldn't recommend going into debt for that trip of a lifetime, using a credit card can be a fantastic tool, if used correctly.
First of all, get to know your credit card companies. Set aside some time to call them. Ask questions: What happens if you lose your card, or if it gets stolen? Are you covered for fraudulent charges? How long would it take to get a replacement? If you are going out of the country, ask what kind of foreign transaction fees will be added. Finally, let them know when you are going to be traveling, and where. If you don't, there's a possibility your unusual purchases will look so out of character that your card will be declined.
Using credit cards is safer than carrying around a huge amount of cash, but you have to be careful. Plan ahead. Keep your "extra" card (and cash, for that matter) separate from your wallet or purse; in your room's safe or in your money belt are a few options. These alternate money stash sites are also good places to put the photocopies of your cards. Copy the front and back sides of the cards, that way you are more likely to have the customer service number handy should you need to call because of an emergency.
Also, keep all of your receipts so you can compare them to your statements when your great vacation is just a memory.
Happy Travels!
Gary Silverman, CFP®
|
|
Gary's Latest Articles from
Times Record News
No Shortcuts If you are serious about preparing for retirement, you have to be willing to make some sacrifices. And that means truly differentiating between your "wants" and your "needs." Read more...
Gesture of Remembrance Gary's Memorial Day weekend column acted as a reminder of the true reason for the holiday. Read more... |
|
Money 101:
The Funny Side of Estate Planning
Last month, Gary spoke at a wills workshop to a group of people concerned about determining what would be done with their money, property, and more when they died. Usually not a very lighthearted conversation.
This is where 40-something author Jen Lancaster comes in. She recently decided it's time to acting like a grown-up, and that meant getting her affairs in order. Although filled with Lancaster's usual wit and bite, this excerpt from her upcoming book offers a few lessons for us all. Read more...
|
|
|
In Closing
For those of you who are enjoying young ones around these days, a quote from Henny Youngman:
"What is a home without children? Quiet."
Have a great week!
Sincerely,
Gary Silverman, CFP ®
Personal Money Planning |
|
|
|
©2012 Personal Money Planning . All rights reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information from this newsletter for general education by the original recipient.
|
DISCLOSURE
This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.
Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.
This publication should not be construed by any consumer and/or prospective client as Personal Money Planning's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Nor should links provided to other sites be construed as the recommendation of the services or products mentioned on those sites. If such services are required, the help of a competent professional should be sought.Remember that past performance may not be indicative of future results. Therefore, you should not assume that the future performance of any specific investment, investment strategy, or product made reference to (directly or indirectly) on this Website will be profitable or equal to indicated performance levels. Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for your investment portfolio.
Historical performance results for investment indexes and categories generally do not reflect the deduction of transaction or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.
A copy of Personal Money Planning's current written disclosure statement discussing Personal Money Planning's business operations, services, and fees (known as an ADV Part II) is available from Personal Money Planning upon written request (and can be downloaded from our web site).
Personal Money Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Personal Money Planning's web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. |
|
|
|
|
|
