Money Mistakes

We all make mistakes, so these are some of the things we can learn NOT to do…

Co-Signing Loans for Others: What the Bible Says

04.05.2012 by Joe Plemon 27 comments

Whereas the bible never uses the term “co-signing”, it gives plenty of advice about assuming responsibility for another person’s loan. Most of this advice, appropriately, comes from the Book of Proverbs … a book of wisdom. Here’s what it has to say.

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What Are 401k Hardship Distributions?

03.19.2012 by Tim 4 comments

We all know that withdrawing money early from your 401k isn’t always easy, not to mention that it is usually not a good idea! The IRS allows tax advantages for saving in a qualified retirement account so that you’re incentivized to save for your future.

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Prevent Bank Fraud: 5 Important Tips

03.05.2012 by Tim 6 comments

Most banks have identity theft and bank fraud protection departments designed to help you recover from attacks. Unfortunately, the bank safeguards don’t always catch these fraud attempts, which is why you should be aware of ways to avoid bank fraud.

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5 Christmas Shopping Mistakes to Avoid

12.05.2011 by Tim 5 comments

Christmas is around the corner, and with Black Friday behind us you might need to up your game if you’re not done with your list. But before you rush to the store or add something to your cart online, now’s the perfect time to think about some of the biggest mistakes that you should avoid this season.

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Negotiating Tips: 4 Things You Shouldn’t Do When Making a Deal!

11.28.2011 by Tim 4 comments

Sometimes knowing what not to do is just as important as knowing the right things to do. This is definitely the case when it comes to negotiating.

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4 Financial Black Holes to Avoid

10.25.2011 by Joe Plemon 25 comments

A black hole, according to Wikipedia, is “a region of spacetime from which nothing, not even light can escape.” It is called “black” because it absorbs all the light which hits the horizon. Financially speaking, beware of these four black holes which will absorb your money and never, ever give it back.

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Are Penny Auction Sites Legit?

09.13.2011 by Tim 16 comments

Before you’re lured into signing up for a penny auction site, there are a few things you should know about how they work. If you’re not careful, you can end up regretting that you ever clicked on those ads. Here is what you should know . . .

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Buying a Car: 3 Mistakes to Avoid

09.09.2011 by Jason Topp 8 comments

If you’re like me, you probably made your fair share of financial mistakes during your college years! Unfortunately, I racked up a lot of credit card debt and had to start a toilet-cleaning campaign to wipe it out. I also had to take an early IRA withdrawal to pay off the debt too! Not only did I goof up with credit cards, but I also made some dumb mistakes with a new vehicle purchase.

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Overcoming Financial Mismanagement: 9 Steps to Financial Freedom

09.06.2011 by Kevin 16 comments

You’ve probably never met anyone who didn’t want to achieve financial independence—I never have. Why then does it seem that so few people seem to achieve it? The answer probably lies in the way people manage their finances.

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10 Credit Card Traps Just Waiting to Trip You Up!

08.12.2011 by Jason Topp 1 comment

A recent article on Yahoo Finance referenced 7 credit card traps to watch out for. It was a good article outlining a few of the traps out there with credit cards. Personally, I find credit cards to be extremely helpful as a business owner, and in our personal finances, but that comes only after a toilet-cleaning campaign wiped out $10,000 of credit card debt and after much-needed self control was applied to my use of credit.

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