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The Family First
Newsletter
Promoting family unity one issue at a time
Vol. 11 Issue 4 - Week of February 11, 2008
ISSN: 1527-6201
©2008 - Joyce Pierce --All Rights Reserved
In this issue:
Attorney's Advice
How Generation "R" Got It Right!
Organize Your Money
Simplify, Shop Wisely
and Spend Less
Good morning!
This is the week of Valentine's Day,
as if I had to remind you! Hope your day is
filled with reminders of those who love you and the
blessings in your life.
Last month I purchased a copy of Dave
Ramsey's "Total Money Makeover." All I can say
is, "Wow!" We don't have a lot of
personal debt but this book still had an impact on
me. I have one credit card I use for
everything and I pay it in full every month.
After reading just two chapters of the book, I got
up, pulled the card out of my purse, and cut it up!
I always felt like it was okay to use this card,
because after all, I would have the funds to pay it
in full the next month. I never got crazy with
it and never spent more than I could handle. I
never thought about "what if" I lost my income and
couldn't pay the bill when it came due. From
that point on, I have used ONLY cash or my debit
card. At times it was a bit of a crunch, but I
got through the month. Just this past week I
paid the credit card in full, as always, but the
great thing about that is that NEXT month, there
won't be any balance at all! I feel like
instead of being a month behind all the time, I'm
actually a month ahead. it's a great feeling.
If you haven't read the book, I wholeheartedly
recommend it. We also have a good article on
that topic in today's issue.
A note of warning for those of you
who have pets. This week our son's beautiful 2
year old boxer suffocated with his head in a bag of
Doritos. The new bags aren't the old
see-through bags, but the ones that are colorfully
decorated. While no one was home, he got
the bag off the kitchen table and decided to have a
snack. He dug all the way to the bottom
of the bag, and then, apparently, couldn't get his
head out of the bag. It's just heartbreaking.
Please, please make sure you keep potentially
harmful things out of the way of pets AND children.
Please share this
newsletter with someone who may need to read it
today!
Joyce Moseley Pierce
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Attorney's
Advice - No Charge
Read this and make a copy for
your files in case you need to refer to it someday. Maybe we should all
take some of his advice!
A corporate attorney sent the following out to the employees in his
company.
1. The next time you order checks have only your initials (instead of
first name) and last name put on them. If someone takes your check book,
they will not know if you sign your checks with just your initials or
your first name, but your bank will know how you sign your checks.
2. Do not sign the back of your credit cards. Instead, put "PHOTO ID
REQUIRED".
3 When you are writing checks to pay on your credit card accounts, DO
NOT put the complete account number on the "For" line. Instead, just put
the last four numbers. The credit card company knows the rest of the
number, and anyone who might be handling your check as it passes through
all the check processing channels won't have access to it.
4. Put your work phone # on your checks instead of your home phone If
you have a P.O. Box, use that instead of your home address. If you do
not have a P.O. Box, use your work address! Never< BR>have your SS#
printed on your checks. (DUH!) You can add it if it is necessary. But if
you have it printed, anyone can get it. NOTE: You have the right to
refuse to give a phone number and especially your SS # to anyone. Merely
say "I prefer not to give that information." No one can make you.
5. Place the contents of your wallet on a photocopy machine. Do both
sides of each license, credit card, etc. You will know what you had in
your wallet and all of the account numbers and phone n umbers to call
and cancel. Keep the photocopy in a safe place. I also carry a photocopy
of my passport when travel either here or abroad. We've all heard horror
stories about fraud that's committed on us in stealing a name, address,
Social Security number, credit cards.
Unfortunately I, an attorney, have firsthand knowledge because my wallet
was stolen last month. Within a week, the thieve(s) ordered an expensive
monthly cell phone package, applied for a VISA credit card, had! a
credit line approved to buy a Gateway computer, received a PIN number
from DMV to change my driving record information online, and more. But
here's some critical information to limit the damage in case this
happens to you or someone you know:
1. We have been told we should cancel our credit cards immediately But
the key is having the toll free numbers and your card numbers handy so
you know whom to call. Keep those where you can find them.
2. File a police report immediately in the jurisdiction where your
credit cards, etc., were stolen. This proves to credit providers you
were diligent, and this is a first step toward an investigation (if
there ever is one).
But here's what is perhaps most important of all: (I never even thought
to do this.)
3. Call the 3 national credit reporting organizations immediately to
place a fraud alert on your name and Social Security number. I had never
heard of doing that until advised by a bank that called to tell me an
application for credit was made over the Internet in my name. The alert
means any company that checks your credit knows your information was
stolen, and they have to contact you by phone to authorize new credit.
By the time I was advised to do this, almost two weeks after the theft,
all the damage had been done. There are records of all the credit checks
initiated by the thieves' purchases, none of which I knew about before
placing the alert. Since then, no additional damage has been done, and
the thieves threw my wallet away. This weekend someone turned it in.
It seems to have stopped them dead in their tracks.
Now, here are the numbers you always need to contact about your wallet,
etc., has been stolen:
1.) Equifax : 1-800-525-6285
2.) Experian: 1-888-397-3742
3.) Trans Union : 1-800-680-7289
4.) Social Security Administration (fraud line): 1-800-269-0271
If you are willing to pass this information along, it could really help
someone that you care about.
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How Generation *R* Got
It Right!
By: Kent Jacobson
Who is generation R? I'll
tell you. They are our retired mothers and fathers, and
even our grandparents who were born in the 20's and
30's. Why am I writing about this generation of people?
Because I think there are five (5) basic principles that
were utilized by this generation to set themselves up
for a very comfortable retirement and lifestyle in their
senior years. One overriding trait throughout this
population of people is their common inherent work
ethic. You have to work hard to get ahead. This seems a
little lost in today's younger (people in their 20's)
work force. The plan seems simple; have a goal; plan
what you want to do; save for it and retire. Simple
enough for them. Let me tell you how you can be better
prepared for your retirement by understanding and
implementing the 6 basic principles of their success.
Principle 1. You need to
have a clear definition and separation of wants and
needs. What I mean by this is a clear and distinct
written definition of a want (nice to have or luxury
item) and need (must have this to function daily).
Principle 2. Cut up those
darn credit cards. Quite frankly I do not even think
they could get credit or credit cards; you can but do
not. If you need to have an emergency credit card, fine
but have strict usage rules associated with it. Simple
thought, if you think it is a need but has to be
purchased with a credit card, it must not qualify; and
you might have screwed up somewhere else to have a need
purchased with a credit card!
Principle 3. Limit you
luxury items to the bare minimum. This is by far the
most difficult principle to get people to grasp. Why,
because they think a lot of luxury items are needs, hah.
My favorite is the latest in electronic equipment or
that 50-inch big screen TV to watch sports on.
Principle 4. Save as much
as you can out of every paycheck. You have heard this
over and over again, nothing new; but you must initiate
the action to garnish your wages.
Principle 5. Set
financial and personal goals. Without financial and
personal goals you will never know where you are going
or if you are ever going to get there.
Finally, you are going to
need medical services. Plan on this as part of your
needs and appropriate the amount you will need. I cannot
tell you a $ amount or percent; everyone must do this
based on family history and life style. My advice to
you, do not count on the government to continue with
social services. Take charge of your own destiny. Be
responsible; start today and success will follow. We
truly can learn from the past.
Start saving today, visit
http://shortcut2success.subuilder.com
Kent Jacobson, a.k.a.
"Mr. Success" is a trusted authority in the success
field and provides valuable success information for free
through his website at:
http://www.Shortcut2Success.com . You can also read
Kent's Success Blog to find more success secrets at:
http://www.Shortcut2Success.com/blog
Don't leave your loved ones guessing ... tell them All They'll
Need to Know.
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Organize Your Money!
By Sharman Lawson
Organization is the key to a balanced life! Organization
saves you time, energy, frustration, and confusion. To be organized means to
be efficient in the way separate elements are arranged into a consistent
structure. In other words, everything has its place, find the place, and
when you're done put it back. In all my years of counseling people in the
area of personal finances, one of the biggest issues that cause money woes
is the lack of organization.
When you are not organized life feels chaotic,
excruciating, and out of control. You can actually feel your sanity slipping
away. But like everything else in life -- you need to admit that you have
organization issues, and that you want to change. Next, you need to make a
commitment to get organized, and get your life in order. Then come up with a
plan. If you're too overwhelmed to get started, have a friend or a
professional help you get organized. Your life and financial future depends
on it.
Organize your time -- Use a calendar, palm pilot,
or organizer to manage your time. Think of your time as money. When you
waste your time you are throwing away money, so plan and schedule your time.
Organize your files -- Start a paper filing system.
Get manila folders to organize statements, bills, letters, and other
important papers. If it's important it should have a place to go.
Track your money -- Know exactly how much money
comes in and out of your household each month and year. Whether it's regular
salaries, bonuses, part-time, or business income keep track. What are you
spending your hard-earned money on? Track all your outgoing expenses for 30
days by keeping receipts and writing down expenses. Put the receipts in an
envelope and label it by the month. Categorize your receipts and add each
category up to get a total. This will give you a good idea how you use your
money each month.
Pay your bills on time -- Keep all your bills in
one place, separate bills by due dates, come up with 2-3 days of the month
to write out and mail bills, and pay bills 4-5 days before due date.
Automate your savings/investments -- Organize your time and money by
having a certain amount taken out each month, and put the amount in certain
savings/investment accounts. This accomplishes three things: a) eliminates
time on your part, b) you don't have to see, feel, or touch the money, and
c) you are being consistent in saving.
File your taxes -- If your files are organized it will make it easier
when tax time comes around to get your numbers together. You won't have to
be scatter-brained trying to find old tax forms, pay-stubs, or documents.
Every document will have a place.
Organizing your life will help grow your money. Organizing cuts down on
duplicating inventory, supplies, clothes, products, food, information, and
time! Do you want more money? Start getting organized!
Sharman Lawson is a debt, money and financial coach, speaker, and author of
the book 12 Steps to Eliminate Debt Forever. Sharman Lawson and her husband
paid off all their debt including their mortgage, in less than five years,
on a combined income of less than $50,000 a year. Contact Sharman Lawson
at 770.429.9670 for a FREE 30 minute consultation. Visit her website at
www.sharmanlawson.com
Simplify, Shop Wisely and Spend Less
by Marianne Giullian
Cut your grocery bill
It is important to shop wisely. For years, I have been saving money on groceries. On average, I save 50 percent at the
grocery store. In a month, I save almost as much money in food, clothing, etc. as I would make with a part-time job. By
careful shopping, I can stay home with my kids instead of having a job outside of my home. However, shopping wisely does
not mean that you need to buy the cheapest thing and give up quality and taste. Saving money in the grocery store does not
need to take hours of clipping coupons, etc. Buy what you need and don't spend unnecessary time buying things you wouldn't
normally use just because they are on sale. The following suggestions can help to simplify our lives and help us to be
happier and stay in our budget at the same time as we shop wisely.
1. By not spending, you save. Just don't buy the junk food. I bought two liter bottles of soda for 25 cents a bottle. It was
a great deal. I couldn't stand watching my kids drink the stuff, knowing that soda is bad for them. I could have just
given them water to drink instead of soda. It would have been
healthier and cost less money. Candy bars sometimes go on sale
for ten cents each. Although it is a good buy and may be hard
to pass up, it is healthier for you and your family if you
save your money and don't buy junk food. Fruit snacks were on
sale for a third of the regular cost. This is another good
deal, but as I watched my kids quickly devour them, I wondered
if it was worth the good price to have them eat the sugary,
artificially colored and flavored snacks. I could have bought
carrots for less money and they would have had something
healthy to eat. Carrots have beta carotene, which is great for
them.
2. Look for better, healthier alternatives. I buy name brand
cereal for $1.50 per box or less. I may be able to find store
brand cereal for less, but many of them get soggy more quickly
so I do not buy them. Even though buying name brand box cereal
at $1.50 per box is a great deal, a 50-pound bag of oatmeal or
wheat cereal would cost a great deal less and would be
healthier for us in the long run. In addition, hot cereal
seems to be more filling than cold cereal.
3. Try using less of a better quality product. I used to buy
ground beef because it was cheaper than other cuts of meat.
Now I buy leaner cuts of meat and cut by half the amount of
meat in my recipes. Another alternative is to eat good cuts of
meat occasionally and eat more beans. Beans can improve your
health and protect you, so why don't we eat them more often?
They are less expensive and better for you.
4. Make it yourself. It seems like the bread that is on sale
is usually not the kind that is high in fiber. To buy the good
quality bread costs a lot of money. I make my own 100% whole
wheat bread without any preservatives for a fraction of the
cost of the same bread in the store. Homemade tortillas,
muffins and bagels cost substantially less to make yourself
and the taste is so much better. Making your own stew with
fresh vegetables costs less than the equivalent of canned stew
on sale and you don't have the preservatives.
6. Use what you have. Unless you are celebrating a special
occasion, use the food you have before running to the store.
If you don't have exactly what you need, substitute something
else in its place. If you don't have an acceptable substitute,
make a different meal from what you have on hand. You will
save yourself time by avoiding a last minute trip to the
grocery store. Limit your trips to the grocery store to once a
week or twice a month.
7. Make a menu and grocery list before shopping. It is easier
to avoid unnecessary purchases when you have an idea of what
you want to buy before you enter the grocery store. This will
also help to avoid last minute trips for forgotten items.
8. Buy things your family will eat. My kids love macaroni and
cheese. If I buy the cheap brand on sale, they will not eat
it. They can taste a difference. It will just sit on the
shelf. If your family doesn't like something, why buy it even
if it is on sale?
Grocery shopping doesn't need to be a burden. Set a budget for
food each month and/or week. Make a menu and grocery list and
buy what you need first. Use any leftover money to buy staples
and things you regularly use when they go on sale. Enjoy the
food you make and don't feel obligated to make a meal that
doesn't taste good just to save a dollar. The taste and health
benefits are worth the extra dollar in my opinion. Ten years
ago, I tried a recipe from a book about feeding your family
for less. The recipe was for peanut butter stir fry and even
though it has been ten years, my whole family remembers that
meal as the worst meal we have ever had in our lives. You can
stay in your budget without having to give up quality and
health. All of the money you spend on unnecessary sale items
like candy bars, fruit snacks and soda could add up to buy
good, healthy food instead. Just because something is on sale
and a good price doesn't mean that it is the best choice in
the long run. Be wise about your spending and realize that by
not spending, you save.
Take the Next Step:
How much per month could you save by no longer buying junk
food or at least limiting it to an occasional treat? Collect
receipts and figure it out. Sure, that sugary snack is on
sale, but what are you really paying for? Excess sugar?
Artificial colors and flavors? How about trans fat? And what
other benefits besides monetary would you see by cutting the
junk? Think about it.
Marianne Giullian is a mother of five children who enjoys sharing ideas about saving
money and being more organized. She has a B.S. degree in Elementary Education.
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