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Friday, June 27, 2014
6 Fatherhood Tips for Parenting Money-Smart Kids
Many kids think that dads know everything. That means dads have to be
prepared to tutor their kids on almost any topic, including the really
tough ones like money.
When it comes to money, you don’t need to have an advanced Business degree from college to offer children good advice. Here is a list of things dads can say and resources that can help dads raise more money-smart children.
1. Managing money is about being aware and responsible.
Teaching your kids about money management is about offering them a healthy money awareness. Much of the work in creating awareness can be done with the conversations you have while performing routine family activities.
One recommendation for creating this awareness comes from the Federal Deposit Insurance Corporation (FDIC) Consumer News. They suggest fathers can “take your child along on shopping trips and discuss what makes some items "too expensive" and others "good buys."’
2. The best way to make the most of your money is to have a plan.
It’s always a good idea to have a plan and this is especially true for your money. With a plan, you can figure out expenditures and purchases need to come first as well as how to spread out payments for different times and seasons. Parents, including dads, have several resources for teaching the value and process of coming up with a spending and saving plan.
3. Smart saving requires strategy.
When you’re talking about planning, as kids grow older they need to know that saving is not just about putting money away into a sock. There are several ways to save that can help kids see that where they put their money is just as important as how much they put away.
In fact, in the FDIC’s article For Parents: Teaching Children the Financial Facts of Life, they advise, “Young kids will enjoy saving money in piggy banks, but at around age eight, think about helping them open a small savings account. That way they also begin learning what banking is all about.”
4. It’s always good to get professional help.
The FDIC’s Success Stories and Tips for Teaching Kids About Money advises, “One way to keep students interested during financial education classes is to invite outside ’experts,’ such as staff from local banks, to make presentations.”
Whether through a class or a trip to your local bank, introduce your children to the various professionals that can help them get and stay money smart.
Knowing where to go about money questions or issues is just as important as understanding money itself.
5. It’s good to both get and give money.
Money management lessons shouldn’t be all about getting. These conversations are great opportunities to communicate the power of giving as well.
"People who give generously of their time and their money get tremendous amounts of satisfaction in return," said Liz Kelderhouse, an FDIC Community Affairs Officer in Consumer News. "You'll feel great knowing you're making a difference, and you'll have a better appreciation of what you're fortunate enough to have."
6. Walk the talk.
According to the FDIC’s For Parents: Teaching Children the Financial Facts of Life, “If you expect your kids to become responsible with their money — and yours — practice what you preach. Serve as a good example of what it means to save, spend wisely and share with others. You'll make more of an impression on your children if they can see and hear what you're doing to manage your money.”
Show and tell is a powerful concept when you are teaching children important life concepts and skills like money management.
According to the Office of Head Start, “It’s important to talk with your children because they can sense stress and become anxious or upset if no one communicates with them.” Head off future stress for children. Start educating kids on money matters today.
Source: https://www.fatherhood.gov/dadtalk-blog/6-fatherhood-tips-parenting-money-smart-kids
When it comes to money, you don’t need to have an advanced Business degree from college to offer children good advice. Here is a list of things dads can say and resources that can help dads raise more money-smart children.
1. Managing money is about being aware and responsible.
Teaching your kids about money management is about offering them a healthy money awareness. Much of the work in creating awareness can be done with the conversations you have while performing routine family activities.
One recommendation for creating this awareness comes from the Federal Deposit Insurance Corporation (FDIC) Consumer News. They suggest fathers can “take your child along on shopping trips and discuss what makes some items "too expensive" and others "good buys."’
2. The best way to make the most of your money is to have a plan.
It’s always a good idea to have a plan and this is especially true for your money. With a plan, you can figure out expenditures and purchases need to come first as well as how to spread out payments for different times and seasons. Parents, including dads, have several resources for teaching the value and process of coming up with a spending and saving plan.
3. Smart saving requires strategy.
When you’re talking about planning, as kids grow older they need to know that saving is not just about putting money away into a sock. There are several ways to save that can help kids see that where they put their money is just as important as how much they put away.
In fact, in the FDIC’s article For Parents: Teaching Children the Financial Facts of Life, they advise, “Young kids will enjoy saving money in piggy banks, but at around age eight, think about helping them open a small savings account. That way they also begin learning what banking is all about.”
4. It’s always good to get professional help.
The FDIC’s Success Stories and Tips for Teaching Kids About Money advises, “One way to keep students interested during financial education classes is to invite outside ’experts,’ such as staff from local banks, to make presentations.”
Whether through a class or a trip to your local bank, introduce your children to the various professionals that can help them get and stay money smart.
Knowing where to go about money questions or issues is just as important as understanding money itself.
5. It’s good to both get and give money.
Money management lessons shouldn’t be all about getting. These conversations are great opportunities to communicate the power of giving as well.
"People who give generously of their time and their money get tremendous amounts of satisfaction in return," said Liz Kelderhouse, an FDIC Community Affairs Officer in Consumer News. "You'll feel great knowing you're making a difference, and you'll have a better appreciation of what you're fortunate enough to have."
6. Walk the talk.
According to the FDIC’s For Parents: Teaching Children the Financial Facts of Life, “If you expect your kids to become responsible with their money — and yours — practice what you preach. Serve as a good example of what it means to save, spend wisely and share with others. You'll make more of an impression on your children if they can see and hear what you're doing to manage your money.”
Show and tell is a powerful concept when you are teaching children important life concepts and skills like money management.
According to the Office of Head Start, “It’s important to talk with your children because they can sense stress and become anxious or upset if no one communicates with them.” Head off future stress for children. Start educating kids on money matters today.
Source: https://www.fatherhood.gov/dadtalk-blog/6-fatherhood-tips-parenting-money-smart-kids
Savings Strategies for Fathers and Families
Prior to the recession of 2008-2009, American families actually had a
negative savings rate – which means that they were spending all of their
income and borrowing a little each month to get by. But since the
recession began and families began to live more frugally, the savings
rate in the U.S. has been just over 1% and is projected to increase to
8% within four years.
But it can be tough to increase our personal and family commitment to building our savings. It requires some very real discipline and careful budgeting to make it happen. Here are some tips and tricks to increasing our savings and getting our family finances better under control.
Create and live within a budget. The most important technique to find money to put into a savings account is to develop a realistic and manageable family budget. Start with a good estimate of your family income for each pay period, and then plug in your critical needs like housing, food, and utilities. With what's left, pay other bills and then make sure part of goes into savings. Without a budget, you may spend money on things you just want but don't need, sacrificing your savings. I recently heard a religious leader comment that if the three most important words in the English language are "I love you," then the four most important must be "We can't afford it."
Pay off consumer debt. Develop a family and personal debt elimination plan. Getting rid of high interest rate debt will open the door to putting the money you would have spent on interest into the savings account.
Save by payroll deduction. If possible, have your employer withhold some funds from your pay check and deposit the money directly into a savings account, credit union account or money market fund. If it comes out before it shows up on your pay stub and in your checking account, you are less likely to spend it.
Plan ahead for grocery shopping. Living within your grocery budget is easier when you plan ahead. Make a comprehensive list of what you need to get through the next period of time, and then stick to it. Buy store brands rather than name brands for extra savings. Any money you spend at the grocery store that is less than what you budgeted can get transferred painlessly to your savings account.
Take advantage of employer programs. Many employers have a matching program for employees who save. For example, if you put 4% of your income into a 401k account, your employer might match it at the same rate or less. Don't let your employer's money for that match go to waste because you don't participate.
Get a change jar. On my dresser is a change jar, into which each night goes any coins in my pocket. Even though I often use a debit card, there are times when I use cash. So I only use paper currency, and drop the change into the jar. The money from the change jar gets emptied a couple of times a year and generates about $200 toward Christmas savings. You'll be amazed at how fast this one adds up and it is painless.
Use coupons, rewards and bargains. A little careful planning will help save money on the things you would otherwise buy at full price. You can find some great bargains at the About.com Frugal Living Forum and at Frugal Fatherhood.
These and other good ideas from fathers who are committed to savings will help you and your family find ways to spend less, save more, and build your family's financial stability.
But it can be tough to increase our personal and family commitment to building our savings. It requires some very real discipline and careful budgeting to make it happen. Here are some tips and tricks to increasing our savings and getting our family finances better under control.
Create and live within a budget. The most important technique to find money to put into a savings account is to develop a realistic and manageable family budget. Start with a good estimate of your family income for each pay period, and then plug in your critical needs like housing, food, and utilities. With what's left, pay other bills and then make sure part of goes into savings. Without a budget, you may spend money on things you just want but don't need, sacrificing your savings. I recently heard a religious leader comment that if the three most important words in the English language are "I love you," then the four most important must be "We can't afford it."
Pay off consumer debt. Develop a family and personal debt elimination plan. Getting rid of high interest rate debt will open the door to putting the money you would have spent on interest into the savings account.
Save by payroll deduction. If possible, have your employer withhold some funds from your pay check and deposit the money directly into a savings account, credit union account or money market fund. If it comes out before it shows up on your pay stub and in your checking account, you are less likely to spend it.
Plan ahead for grocery shopping. Living within your grocery budget is easier when you plan ahead. Make a comprehensive list of what you need to get through the next period of time, and then stick to it. Buy store brands rather than name brands for extra savings. Any money you spend at the grocery store that is less than what you budgeted can get transferred painlessly to your savings account.
Take advantage of employer programs. Many employers have a matching program for employees who save. For example, if you put 4% of your income into a 401k account, your employer might match it at the same rate or less. Don't let your employer's money for that match go to waste because you don't participate.
Get a change jar. On my dresser is a change jar, into which each night goes any coins in my pocket. Even though I often use a debit card, there are times when I use cash. So I only use paper currency, and drop the change into the jar. The money from the change jar gets emptied a couple of times a year and generates about $200 toward Christmas savings. You'll be amazed at how fast this one adds up and it is painless.
Use coupons, rewards and bargains. A little careful planning will help save money on the things you would otherwise buy at full price. You can find some great bargains at the About.com Frugal Living Forum and at Frugal Fatherhood.
These and other good ideas from fathers who are committed to savings will help you and your family find ways to spend less, save more, and build your family's financial stability.
How long before I have to sell shares of a bankrupt company?
Q: When is the latest I can sell shares of a company after it goes bankrupt?
Source: http://usatoday30.usatoday.com/money/perfi/columnist/krantz/story/2011-12-28/shares-bankrupt-company/52257956/1
A:
It's rarely good news for stock investors when a company says it's
filing for bankruptcy protection. Investors are at risk of losing it all
when this unfortunate event happens.
Investors
in the common stock of a company are last in line for claims to assets
in case of liquidation. All the employees, vendors and lenders are all
standing in front of stock investors when it comes to parsing out value
the company might have.
That's why it's
prudent for investors to bail out of a stock long before it comes to
bankruptcy filings. You want to sell your shares before the stock starts
its downward spiral, which may include it being kicked off the stock
exchange. If you can sell before things get really ugly, you can avoid
some major pain. Seeing a bankruptcy filing coming isn't as difficult as
it may sound.
But what if you didn't see the
corporate failure coming and are left holding the shares? How long do
you have before you must dump them?
There's no
set deadline for this, as each case is different. Typically, long
before a company filed for bankruptcy protection, the shares will be
delisted to a stock trading system such as the OTC Bulletin Board or OTC Market's Pink Sheets. These are trading systems that may provide you a forum to sell your shares at a loss and claim a capital loss.
Sometimes companies that have long been dissolved can continue to trade for years. Failed savings and loan Washington Mutual (WAMUQ),
for instance, was seized by bank regulators in 2008. Yet, years later,
shares continue to trade on the Pink Sheets for about 5 cents a share.
Investors, if they choose, can sell their shares and take the capital
loss.
There are other cases when a company is
gutted and all that's trading is a public shell. Regulators, including
the SEC, have been more aggressive about stopping the trading in these
stocks.
The bottom line is simple: Try to
avoid owning stocks once things get this bad. You don't want to own a
stock that's been delisted, much less pursuing bankruptcy protection.
Some investors may try to speculate on these penny stocks, but since the
value of the stock isn't based on the value of assets, it's really like
a trip to the local gambling casino. Rather than trying to find out how
long you can hold on, make it your practice to see how quickly you can
get out so you're not in this situation at all.
Sunday, June 22, 2014
Behind Mortgage Payment
Be sure to keep copies of all letters and
notice, do not throw them out! Do not ignore letters from the Mortgage Company.
Consult a foreclosure defense lawyer Fort Lauderdale for further legal advice.
Before Consultation with Bankruptcy Attorney Occurs
If you wish to get a head start on the
process, ask a Fort Lauderdale bankruptcy attorney and follow the Bankruptcy
Intake Guide which assists our firm in gathering the necessary information
prior to filing.
What People Accused of Defamation Can Do?
Truth is the most significant defense against defamation. This is
a complete defense to a defamation act. Privilege is one of the other defences.
The arguments made by lawyer in court, the statements of witnesses in court or
the statement of a judge while sitting on the bench are commonly privileged,
and is not enough to support a cause of action for defamation, no matter how
outrageous or false it is.
Opinion is likely recognized by most jurisdictions. When an
individual makes a statement of opinion contrary to fact, the said statement
may not be capable of supporting a cause of action for defamation. Whether that
statement is viewed as opinion or an expression of fact, it will depend upon
the context. Whether or not the individual making the statement would be
perceived by the community as being in the right position to determine if it’s
true or not, still depends on the context of the statement. In some
jurisdictions, the distinction between opinion and fact is eliminated. Ask your
General Civil Litigation Attorney Fort Lauderdale for more significant details.
Winston I. Cuenant, Esq., is
a highly talented French speaking
attorney Miami who can extend his
helping hands to guide towards a successful legal battle. He can handle case in
real estate, civil litigation, filing for bankruptcy and more.
Tuesday, June 17, 2014
Usual Real Estate Mistakes
With the Fort Lauderrdale real estate litigation attorney
you will no longer make any real estate mistake.
Is Filing for Bankruptcy Online Really Helpful?
Can one actually file for bankruptcy via internet? Yes,
technically, if one only considers bankruptcy petition being filled out. The
second answer is the only way you can file bankruptcy electronically is to be
represented by a Fort Lauderdale bankruptcy attorney and have them submit it.
The individual filing is required to appear in court at the 341 meeting or
meeting of creditors no matter which way you slice. Definitely, there is no
possible way to get around since bankruptcy filing process is a legal
proceeding and each legal proceeding permits an individual to contest the
process. In this meeting, creditors have the capacity to dispute the bankruptcy
filing. This is a rare case and normally involves fraud.
Hiring a Fort Lauderdale bankruptcy attorney will
provide a person peace of mind knowing that an expert will be there to help him
during the entire legal course. The do-it-yourself filing for bankruptcy will
only leave a person out there on their own to make several mistakes.
Winston I. Cuenant, Esq.,
is a highly talented French
speaking attorney Miami who can
extend his helping hands to guide towards a successful legal battle. He can
handle case in real estate, civil litigation, filing for bankruptcy and more.
Sunday, June 15, 2014
What Bankruptcy Protection Really Means?
When a business or an individual is incapable
of making payment to creditors to pay off their debts, they have the option to
move on filing for bankruptcy, to ask protection under the bankruptcy law of
the Unite States. For a person, the bankruptcy protection may involve either a
systematic plan to pay down all the debts that are owed or a cancellation of
most debts, along with the selling off of some assets. In terms of business, bankruptcy
protection might either give full or partial relief of contracts and debts,
assuming the business will remain in operation, or the business may cease
operation and sell off its assets to pay debts.
If you are not so familiar with filing for bankruptcy, there are two types of bankruptcy protection usually used by
individuals: Chapter 7 and Chapter 13. Chapter refers to the actual chapter of
the bankruptcy code that describes each. The chapter 7, also known as “straight
bankruptcy
“or liquidation”, a trustee is appointed to control the person’s assets. The trustee then liquidates or sells the assets, then gives the money to the creditors to pay off debts, if this is possible. However, the person is permitted to keep some personal property. It depends on the laws present in the state a person lives.
“or liquidation”, a trustee is appointed to control the person’s assets. The trustee then liquidates or sells the assets, then gives the money to the creditors to pay off debts, if this is possible. However, the person is permitted to keep some personal property. It depends on the laws present in the state a person lives.
Winston I. Cuenant, Esq.,
is a highly talented French
speaking attorney Miami who can
extend his helping hands to guide towards a successful legal battle. He can
handle case in real estate, civil litigation, filing for bankruptcy and more.
Tuesday, June 10, 2014
Information About Your Case
You
and your Ft. Lauderdale bankruptcy lawyer can visit the courthouse and view a
file between the hours of 8:30am and 4:00pm, Monday through Friday.
How To Handle Matters
At
Cuenant & Nazareth, PA we understand real estate litigation and have the
best Fort Lauderdale real estate litigation attorney.
Handling Cases and Disputes
At
Cuenant & Nazareth, PA, our foreclosure defense lawyer Fort Lauderdale
handles cases and disputes.
Sunday, June 8, 2014
A Succession of Lessons
Bankruptcy
lesson might not be that easy to effectively learn but you can do it with the
help of a Fort Laudedale bankruptcy attorney.
Is Filing for Bankruptcy Online Worth It?
People nowadays have looked
for ways to do everything on the Internet, including the online filing for bankruptcy. There are now several online StartUp companies that offer
pre-packaged legal documents with easy instructions on how to fill them out.
Many are even attempting to file bankruptcy on their own. For over the last 10
years there have been a big number of online sites that offer online filing.
Services include web portal to fill out the bankruptcy petition and print it to
take to the bankruptcy court. While the bankruptcy petition is filled out
through the Internet, it is still needs to be submitted personally at the local
federal bankruptcy court not unless you are a Fort Lauderdale bankruptcy attorney yourself.
A Ft. Lauderdale bankruptcy lawyer has the luxury to electronically submit their client’s bankruptcy
petition via the internet for a small amount.
As a matter of fact, most lawyers hardly ever submit any documents
personally because of the advancement of technology we have right now. But this
process does not belong to the do-it-yourself category. Recently, the constant changes to the bankruptcy law fort Lauderdale in most cases it is much better idea to hire an experienced
bankruptcy attorney.
If you are more worried
about filing for bankruptcy and hiring a lawyer because it will eventually cost
you something, think twice because you more amount of money might wiped out
without you doing anything. The Chapter 7 today even requires a person to
qualify first with a means test. If you are not so familiar with the entire
process and new changes, hire a legal expert to help you on filing for bankruptcy.
Winston I. Cuenant, Esq., is a highly talented French speaking attorney Miami who can extend his helping hands to guide towards a successful legal battle. He can handle case in real estate, civil litigation, filing for bankruptcy and more.
Friday, June 6, 2014
Wednesday, June 4, 2014
All About Encroachment Disputes
Avoid imposing onto other people what you will
never pick for yourself; this applies to cases related to real estate issues.
In a very simple manner, a real estate encroachment is a real property that
extends onto bordering land owned by someone else. If a party builds a shed at
the edge of their property without knowing the real property boundaries, the
shed may extend to the neighbour’s land. Establishing a structure completely or
partially on the neighbour’s property constitutes an encroachment dispute.
An
encroachment might happen due to the incorrect surveying or obstreperousness on
the side of the builder, or maybe by both. You can ask a Fort Lauderdale real estate litigation attorney for more legal options. Hiring a professional surveyor to
perform before establishing any property on the boundary is a smart idea. This
is a very effective precautionary step against any real estate problem that may
arise in the future.
If
a party is found guilty of encroachment, the neighbour usually has legal
grounds to sue and force removal of the building or compensation for what they have
lost in reduced property space and value. Sorting the legal chaos that
encroachment onto someone else’s land can cause costly and time consuming
process. You can immediately consult your case to an expert Fort Lauderdale real estate litigation attorney.
Winston I. Cuenant, Esq.,
is a highly talented French
speaking attorney Miami who can
extend his helping hands to guide towards a successful legal battle. He can
handle case in real estate, civil litigation, filing for bankruptcy and more.
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