Reducing Financial Conflicts for Couples

Posted by Travis Parry on May 24, 2016 9:04:09 AM

Money is the most frequent topic of disagreement among married couples. Not only is it problematic for couples, but the disagreements are also the most-heated, less easily resolved and longest lasting of their relationship.

There are many reasons why this is so difficult for the average couple. Today we will focus on one solution that can help your situation  involvement. Family strengths research has found that when couples work together as a team they can weather financial and relational storms. 

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Topics: Finances for Couples

How to Create a DIY Vegetable Garden

Posted by reagan.nickl on Apr 27, 2015 5:34:04 AM

As the childhood obesity rates rise, many families find themselves stuck in the excuse that healthy eating is expensive. Many families skip the produce aisles of the supermarket because they feel they simply cannot afford fresh fruits and vegetables. Although money doesn't grow on trees, fresh produce does! Mvelopes’ gardening expert, Elizabeth Armstrong, suggests a DIY garden to help beat those produce prices. Here's how:

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Topics: Finances for Couples, Family Finances, Applied Principles

10 Free (or Cheap) Date-Night Ideas

Posted by reagan.nickl on Apr 20, 2015 8:31:37 AM

Written by guest blogger, Sarah Nichols

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Topics: Finances for Couples, Family Finances

Creative Ways to Teach Children About Money Management

Posted by reagan.nickl on Apr 10, 2015 3:32:28 AM

If you’re a parent, you can probably remember the day your child was born. Remember your baby swaddled and passed around to grandparents and family members as they each gushed over what a miracle your baby is? Perhaps some even said, “Oh, he has your nose,” or “She is going to look beautiful like her Mom!” The truth is, your children will take a lot from you, and not just your good looks. But if you’re anything like 60% of Americans without an emergency savings fund, you may not want your financial wisdom to be one of those things they take after you!

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Topics: Finances for Couples, Family Finances, Tips and Tricks, Applied Principles

A First-Time Home-Buyer's Survival Guide

Posted by reagan.nickl on Apr 7, 2015 8:35:28 AM

Written by guest contributor, Valerie Cascione
There is no shortage of bad home-buying experiences out there, but buying your first home should be a time of excitement and represent a time of renewal - not a living nightmare. For first-time home-buyers, there is already a lot to think about, so as you look for your dream home, keep in mind these tips for keeping the process the way it was supposed to be - and not a nightmare.

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Topics: Finances for Couples, Family Finances, Life in General

Are you Using These 3 Ways to Boost Your Easter "Nest Egg?"

Posted by reagan.nickl on Apr 3, 2015 3:00:10 AM

Written by guest contributor, Megan Pacheco
Saving for the future is hard. That’s why so few of us actually do it. The future, after all, seems so distant and we tend to think there will always be more time.

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Topics: Finances for Couples, Family Finances

Satellite Services That Aren't Worth The Money - Even If You Had The Money

Posted by reagan.nickl on Mar 19, 2015 3:15:47 AM

A popular TV commercial for satellite TV depicts Hollywood all-star, Rob Lowe, saying something like, “Hi, I am Rob Lowe and I have satellite.” Then enters a drab and poorer version of Rob Lowe saying, “And I am poor-decision-making Rob Lowe and I have cable.”

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Topics: Finances for Couples, Family Finances, Tips and Tricks

Should You Buy or Lease Your Next Car?

Posted by david.smith on Aug 29, 2014 5:44:40 AM

Image via Flickr by DVS1MN

If you're ready to choose one of this year's best new cars, you know the fun part is picking the color, the selecting your bells and whistles, and deciding whether you're going to call it Candy or Max. But there is a more serious part to it. You also have to decide how you're going pay for it. You have to decide whether you are going to lease or buy.

Here are some pros and cons of leasing vs. buying to help you figure out what's right for you, your lifestyle, and your budget.

The Difference Between Leasing And Buying

A car lease allows you to drive a new car without a hefty down payment or taking out a loan. You put down a small deposit that is usually far less than the amount of money you need to make a down payment when buying a car. Then you make payments every month until the lease is up and you give the car back.

When you're buying a car, you're responsible for a down payment. Experts say down payments can be up to 20 percent of the price of the car. As with leasing, you're responsible for monthly payments, but when you're done with the payments, you own the car.


Benefits of Leasing A Car

More Americans are leasing cars, according to recent reports, which is a turnaround from dismal numbers during the Great Recession. There are several benefits about leasing a new car versus buying. For example:

• If you don't typically put a lot of miles on your car, leasing is a good option. Car dealerships usually have annual limits of 10,000 to 15,000 miles for the lessee. This stipulation would appeal to someone who doesn't often take long road trips or the amount of driving they're doing around town is relatively small.

• If you find yourself shopping for a new car every two or three years, leasing is a good way to always have a new car. You would be in the market to lease again every few years instead of waiting out the typical 60 months it takes to finish paying off a car. Also, even if you can afford to buy a new car every few years, you would end up with a collection of cars at your home.

• You can get a car that you may not be able to afford otherwise. Paying a small deposit to lease a new luxury car is easier than trying to come up with cash to finance one.

• Some leases include maintenance on the car as opposed to having to pay for those costs out-of-pocket.


Benefits of Buying A Car

Overall, more Americans still buy instead of lease their cars. Here are some benefits of buying.

• You own your car when you're done paying your car note. A lessee will always have a car payment.

• Long-term, buying a car over leasing makes more sense financially. People who buy their cars may end up paying less than people who lease, even when out-of-pocket maintenance is included. This is because leasing several cars over the years will likely be more than buying a new or used car.

• You can drive as much as you would like without penalties.

• Insurance rates are more stable when you are buying your car versus leasing it. If you are leasing an expensive car that you typically couldn't afford, your insurance rates will be higher. When you're buying a car, you are usually in your price range and so are your insurance payments.

• You have equity in your car if you want to sell it or trade it in when you are done paying the note.


The Bottom Line

Deciding to lease a car over buying will largely depend on how much cash you have on hand, your driving habits, and what you intend to do with the car. Research should be the cornerstone of any choice you make. Consider the type of car you are interested, the cost, and how much you want to spend long-term.



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Topics: Finances for Couples, Family Finances, Life in General, Tips and Tricks

Want financial success? Learn to listen!

Posted by Megan Pacheco on Jun 12, 2014 6:37:14 AM
Listening will help you succeed financially!
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Topics: Reaching Financial Goals, Finances for Couples, Family Finances, Life in General

Do You Have a Needs Only Budget?

Posted by Megan Pacheco on Jun 10, 2014 2:52:43 AM
Needs Only Budget
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Topics: Envelope Budgeting, Reaching Financial Goals, Finances for Couples, Family Finances