Sometimes life throws you a curveball, and you have to adapt as much as possible! My son is in debt to me for a whole $36 dollars, and won’t be debt free until the beginning of the month of April. At that point, the idea was that he would save around $20 a month for… Continue reading Sabotaged Financial Lessons For My Son
Month: March 2010
My Thoughts on Allowances For Less Than Rich Kids
With allowances, it seems like I hear the same broken record erh CD that keeps playing the same song: “3 separate banks, 1 for savings, 1 for spending, and 1 for charity“. It’s always the same message over and over. And of course it’s always an even split between the three (so 33% each). I’m going to… Continue reading My Thoughts on Allowances For Less Than Rich Kids
Sound 2010 Roth IRA Information
I think that everybody should have a Roth IRA! It is more fun that David Lee Roth! And by fun, I mean not paying taxes on the future earnings! First the Basics: The following is the “2010 Income Limits” range information. MAGI stand for “Modified Adjusted Gross Income“, and not Gross Income! 2010 Roth IRA… Continue reading Sound 2010 Roth IRA Information
Financial Lessons Learned By My Son Today!
Well something amazing happened today. My son all of a sudden wanted to sell his old Nintendo DS games and Transformer Toys that he never plays with. So we hopped on eBay and did a search for his DS games that he wanted to sell. Unfortunately, they only were worth about $5 to $10 dollars. I… Continue reading Financial Lessons Learned By My Son Today!