3 Ways to Defuse Heated Money Conversations This Holiday Season

3 Ways to Defuse Heated Money Conversations This Holiday Season

There you are, enjoying a plate of pita chips and salmon dip at your neighbor’s annual party, when someone mentions Dave Ramsey. Suddenly, you’re on trial. And you get an earful of questions and comments like: Oh, you’re a Dave fan? I agree with everything he says except . . . Be honest: How many credit cards do you really have? No one can afford to pay for Christmas with cash. It’s too expensive! After a few rounds of this, you start searching for the nearest exit. While it may not be fun to take the high road, it’s your best option.  Here are some easy tips for defusing a heated money conversation this holiday season: 1. Share Your Story. No one can dispute your own story. Instead of talking about their choices, turn the conversation into how much debt you’ve paid off and how much freedom you’ve experienced with a budget. If someone tells you that you can’t pay for Christmas gifts with cash, just say, “Actually, I just did. I’ve been saving all year, and it really wasn’t that bad.” That’s what we like to call a mic drop. 2. Don’t expect to change their mind. You could get through to this person, but chances are they just want to prove you wrong—and prove themselves right. If they’re trying to justify their car loans and second mortgages, don’t start preaching at them. If you do, the conversation will soon descend into who has the loudest voice and the best comeback. You can respectfully disagree without making a scene.   3. Ignore the Dave-bashing. People like to “catch”...
Funding Fluffy

Funding Fluffy

Written by Lauren Reisig for Sharpheels.com The Smart Girl’s Guide to Providing for the Needs of a Puppy or Kitten   Those of us who spend any significant amount of time online know the evils that come with the social media obsessed world we live in. Fortunately, there is a shining light amidst all the cyberbullying and heated debates regarding the election. Among the internet drudgery, there is a saving grace, a beacon of hope, which comes in the form of videos of adorable puppies and kittens. These videos, which feature our canine and feline friends doing everything from saving their owners in medical emergencies to simply yawning, can inspire even the most stoic of us to want to run out to our nearest humane society and adopt a furry friend. The impulse is hard to resist, and a dog or cat can be the perfect new member of a family, but there are other factors to consider, including the cost of responsibly owning a pet. Initial Cost for Cuteness It’s important to know what a new pet will cost before you adopt one. Your new four-legged friend has needs and wants just like you do, so it is vital to ensure you can actually afford to own a pet. Start by researching the cost of owning your preferred pet (check online sites like Costhelper) , then start setting aside some cash in a “pet fund” so you are prepared when you decide it’s time to take on your new dog or cat. It’s also important to remember that the first year of pet ownership can be the most...
Teach Your Teenager How to Handle Money with This 4-Letter Word: SAVE

Teach Your Teenager How to Handle Money with This 4-Letter Word: SAVE

Kids aren’t naturally patient. Okay, so that’s not really a shock to any parent. From the day you brought your kids home, they wanted to be the center of your universe—partly because they depended on you and partly because they wanted their needs met as quickly as possible. Even if patience is a virtue, it’s still a challenge to make it a part of our normal lives—and the lives of our kids. But one great way to nurture patience is by saving money, which is where you can connect with your kids in a meaningful way. After all, teens want stuff. Sometimes, they want big-budget stuff. So, challenging them to save up for those things actually teaches them some incredible life lessons, like goal-setting, delayed gratification, sacrifice, self-discipline and, yes, patience. With that in mind, here are five things your teen may be thinking about—and could be saving for—right now. 1. Emergencies Teen emergencies probably look different than adult emergencies. They may be dealing with a phone that fell in the toilet rather than a major medical event. But the scale isn’t as important as the habit. Building an emergency fund of at least $500 is something every teen needs so they’ll be prepared for the unexpected. 2. Technology Whether it’s a new phone, a new computer or a new gaming system, the price tag for technology can be high. But the sense of accomplishment and pride from saving up cash and buying it with their own money can make a powerful impression on teens. 3. Cars When it comes to saving for a car, nothing beats clear communication....