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Life, Love, & Money
With Kimlee
Long Island Advice
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 Welcome~
Life,
Love and Money are all such essentials in the regular day-to-day…
When
was the last time that you did or didn’t think about your life, love or your
money? What is life without love?
How about life without money? What is going on in your life? What
would you like to share? Do you need some advice?
Let me hear what is going on in your day-to-day…
~Kimlee |
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EDITORIAL OF THE WEEK
Monday, November
28, 2005
Author: Kimlee, Financial & Advice Specialist
Money and Love
Money and love… Somehow the two just
don't seem to go together harmoniously. I mean of course we need it, but it's
not very romantic to talk about. In fact, when it comes to money, men and women
view it, spend it, and invest it very differently.
Even in the 21st century; despite more and simpler ways to manage money, tons of
books on the subject, and just plain having more access to wealth, there is one
thing we seem dead set against doing with our money, and that's talking about
it.
With money being the unspoken taboo, it's little wonder that disagreements over
the green stuff are the leading cause of divorce nationwide. It might not be
romantic to whisper words like "interest rates," and "free checking" in your
partner's ear, but keeping quiet about money can put a damper on your love life
faster than forgetting what your girlfriend wore on your first date.
There's no right (or romantic) time to talk about money, but as soon as you
start getting really serious (i.e., talking about getting married, moving in
together, going on vacations, etc.) that's the time to have "the talk."
Here are a few pointers to get you prepped to talk about money with your honey:
o Have a calculator and make a list of all joint expenses. Be very specific
about what each of you will need to pay.
o Read the fine print on lease applications and rental agreements. Know your
rights.
o Be realistic about how often you'll go out, how much you'll spend and who will
be responsible for paying.
o Be open and clear about what will happen if the arrangement doesn't work out
as planned.
o Always keep at least one credit card, checking and/or savings account in your
name only.
o Having access to your own money in case of an emergency, and establishing a
good personal credit history will ensure you can bounce back from a break-up or
any other setback.
Love and money can go together nicely. If you take time to cuddle with compound
interest and snuggle up with a savings plan, it's not only smart...it can be
sexy, too!
 have
the courage to question & challenge the status quo... refuse to
accept "traditional" thinking and answers as fact....
~Kimlee
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