November is typically the month when you are able to review and change your work benefits for the year ahead. Now I know what you’re going to do. Nothing, right? Most people ignore all the emails about “open enrollment” and don’t review their coverage, or make any changes.
Parents, way too many of you are still getting it all wrong when it comes to college. A recent survey by T. Rowe Price reports that 68% of parents think saving for their kids’ college is a more important priority than saving for their own retirement.
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For those of you who own your home, it’s likely your largest investment/asset. That’s why I am so concerned that many of you may not be sufficiently protecting your home.
I know many of you have made donations to the various non-profits that are providing support and care for victims of the storms here and in the Caribbean, and the devastating earthquakes in Mexico.
Digging out from the losses incurred when a natural disaster strikes can take time. Waiting for insurance claims to be processed, or emergency aid to be disbursed can take weeks, or longer. Meanwhile households have bills to pay, and the financial strain of needing to replace so much right now just to get back to functioning.
Hurricanes and tropical storms in Florida and throughout the Caribbean, wildfires in the west and the Mexico earthquakes have been devastating for so many. And heart wrenching for all of us.
If you’re honest, I am confident you would tell me that you wish you could spend less around the holidays. This has nothing to do with being a Scrooge. But you also know from experience, that you end up spending way more than you intended. Not necessarily because you were extravagant. Quite often it’s just the sheer number of people in your life that you exchange gifts with, that can add up.
I recently saw a survey that reported that nearly half of people in a relationship say they argue about money. I was surprised it was not even higher. And money stress is often a major factor in why couples split up.