7 Ways Parents Can Be Good Money Role Models

Putting_money_into_a_piggybankEveryone views smart financial practices differently, and what’s an effective strategy for one parent doesn’t necessarily work for another. While there’s no official rulebook, consider these five ways parents can become better financial role models. 1.  Live on a Written Budget. Take the time to write out your family budget and get the family involved on how the finances are spent. 2.   Be open about your financial situation. Although children like sweets, you don’t have to sugarcoat the truth about your family’s financial standing. “Teach your kids about money from objective reality,” says Steve Siebold, author of “How Rich People Think.” “It’s a nice thought to say everyone – regardless of financial status – has access to all the good things in life. It’s also naïve and untrue.” Instead of trying to shield your kids from your household budget, include them in the decision-making process on when to save and when to spend money. Continue reading 7 Ways Parents Can Be Good Money Role Models

Top 12 Kid Money Wasters

toysWe all know that kids can be very expensive. There are many reasons that we end up spending more on our kids than necessary. Sometimes we’re worn down. Sometimes we think that we want them to have more than we did, so we spoil them! As I look at the financial picture for thousands and thousands of people over time, I see recurring areas of over-spending on kids. We narrowed them down to the Top 12 Kid Money Wasters.

12.  Sports

Club Teams, Camps and lessons for things they aren’t passionate about. Sports can be great for kids, so our point isn’t that kids shouldn’t be allowed to participate in activities. However, too often the parent projects what they think they missed onto their kids. The kid gets pushed into activities their enthusiasm is only moderate.       Parents dish out a small fortune for club teams to make sure the kid has the best chance of success. Then the kid suffers from burnout and loses interest. Continue reading Top 12 Kid Money Wasters

Are You On The Path2Buy?

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Today’s guest is Tom Ward, the founder of Path2Buy Homeownership Coaching Program.  After doing extensive research on Renters, Tom was able to break down the 7 1/2 reasons why they don’t buy sooner.

It’s OK to Rent…for awhile Continue reading Are You On The Path2Buy?

Top 6 Reasons Real Estate Transactions Fall Through

Tree through roofReal Estate transactions fall through for many reasons, and the same ones seem to happen frequently.  We’ve identified the top 6 reasons that home sales get killed.  To avoid making these mistakes, make sure you are using a true professional mortgage lender and/or Realtor.  If you want personal advice on this topic, setup a consultation with my team by emailing DougHaldeman@gmail.com or you can text/call (314) 472-DOUG (3684).

1. Buyer Financing Falls Through Continue reading Top 6 Reasons Real Estate Transactions Fall Through

Meet the Young Guns of Real Estate: Mike Galbally & Bonni Luckett

stlouisfinesthomesSt. Louis Finest Homes Realty Group is quickly rising to the top of the St. Louis real estate market.  Our exclusive interview with Mike Galbally and Bonni Luckett gives an inside look at their success formula!

To contact them for real estate advice:

Mike Galbally  314-479-8583 or Mike@StLFinestHomes.com

Bonnie Luckett  314-599-5143  Bonni@StLFinestHomes.com

St. Louis Finest Homes:  Part One

St. Louis Finest Homes:  Part Two