Wednesday’s need-to-know money news

Today’s top story: How to get the credit reports you’re entitled to. Also in the news: Demystifying credit scores, how to master your holiday shopping list, and what kind of credit you’ll need to get a student loan.

I Want My Free Credit Reports
How to get what you’re entitled to.

What to Do When Your Partner Commits Financial Infidelity
What do you do when your partner goes rogue?

Do I Need a Good Credit Score to Get Student Loans?
Is this the one loan where credit history doesn’t matter?

10 Things Consumers Don’t Understand About Credit Scores
Demystifying your scores.

How To Master Your Holiday Shopping List
The sooner you start shopping, the better.

Tuesday’s need-to-know money news

Today’s top story: A bill in front of Congress could change the way credit scores are calculated. Also in the news: Lifehacks for your wallet, how using your middle name could hurt your credit rating, and how to save money on Halloween Costumes.

How Your Middle Name Could Hurt Your Credit
The slightest variation in your name could damage your credit.

6 Frightfully Frugal Halloween Costumes
Don’t let your wallet get tricked.

11 Life Hacks — For Your Wallet
Some creative tips to help you save money.

Should credit scores include rent and cable bills?
Congress could revamp the way credit scores are calculated.

8 Tips for Saving Money While Traveling This Holiday Season
Holiday travel without the holiday headaches.

What are you willing to give up?

HopeAs a reporter I learned a technique that saved my sanity. I asked my bosses to make choices.

In journalism, as in other fields, there’s far more good work to do than there is time to do it. Editors can and will keep piling on the assignments. So I learned, when my plate got too full, to ask my bosses to help me prioritize.

Here’s how I did it. I always said yes to the new assignment, then followed immediately with, “But I’m also supposed to do this and this and this. Which of these other projects should I drop?” Or “back burner” or “table” or whatever euphemism worked best with this particular editor.

Saying yes made it clear that I was a team player, that I valued my boss’ direction and that I wasn’t one of those pain-in-the-ass whiners who had to be wrestled into doing actual work. But quickly reviewing my current assignments reminded the editor of all the other work she’d tasked me with.

A more experienced journalist had explained that it was part of my boss’ job to help me prioritize. Managers are supposed to keep an eye on the company’s ultimate mission and encourage the actions that support that mission. Until he said that, I’d been saying yes to everything and driving myself nuts trying to fit it all in.

Fast forward a few years. I’m now my own boss, writing for different clients and once again faced with far more work than time to do it. Now I’m the one that has to make choices. I have to figure out what my ultimate mission was and what actions support it (and which don’t). I also now have a life—a husband and a baby girl I want to spend time with. Suddenly it became a lot easier to ditch the work that didn’t pay enough (or at all), and focus on the stuff that did.

There’s one other place it can be helpful to ask what you’re willing to give up, and that’s negotiating with family members about financial priorities.

First, you need to sit down together and set some priorities—what’s most important to accomplish, where you want to be in five years, 10 years, 30 years. You figure out what you need to do to get there, then wrestle your priorities into place. (Quick example: You want to take a vacation with your family next year, replace your car five years from now and retire before you’re 80. You figure how much you need to save for each goal and adjust until it’s doable. Maybe to save enough to retire by age 65 you’ll have to put the Disney cruise off a couple of years…that kind of thing.)

When new wants rear their heads—somebody’s agitating for a bathroom remodel, say—you return to those priorities and decide together what you’re willing to give up. Maybe the bathroom remodel is important enough to delay your retirement until 67 or to continue to drive your old car another five years. Maybe it’s not. But the exercise reminds you of what you really want, and helps you decide—together—when and how to adjust those priorities.

Monday’s need-to-know money news

Today’s top story: Could holding out until 70 make a significant difference in your retirement? Also in the news: Saving on holiday air travel, what to do when retirement boredom sets in, and what daily habits could be derailing your budget.

Does Layaway Affect Your Credit?
Could this convenient holiday shopping tool impact your credit score?

5 Things Retirees Miss About Work
What happens when retirement finally arrives?

How to save money on your holiday flights
The trip to Grandma’s doesn’t have to cost a fortune.

8 Things That Can Make or Break Your Budget
Those daily trips to Starbucks can add up.

Why Waiting Longer for Social Security Is Usually Smart
Could holding out until 70 make a significant difference in your retirement?

Thursday’s need-to-know money news

Today’s top story: Three key numbers that will make your retirement planning easier. Also in the news: Common budgeting mistakes, how to save on groceries with your smartphone, and getting your financial house in order.

Retirement Planning With Just 3 Numbers
These three key numbers will make your retirement planning easier.

5 Budgeting Mistakes Most People Make
How to avoid these budgeting pitfalls.

Ways to Save: App shows best grocery bargains
Your smartphone can save you big bucks at the grocery store.

Mind Your Own Financial House, Not Washington’s
Now that the financial crisis in Washington is over, it’s time to get back to personal business.

Men vs. Women: Who’s More Worried Over Retirement Health-Care Costs
The results are surprising.

Wednesday’s need-to-know money news

creditPreparing your holiday checklist, why checking your credit report is a must, and what you need to know about a possible national debt default.

Pre-Holiday Guide: What To Mark On Your Financial Checklist
Santa isn’t the only one with a list for the holidays.

Why Some People Choose Work Over Retirement
What happens when retirement doesn’t live up to the hype?

Ways to Cut Heating Costs, Beat Rising Fuel Prices
Winter is just around the corner.

How to Make Sure Your Credit Report Is Accurate
Mistakes can wreak havoc with credit limits and interest rates.

Why Many Americans Aren’t Concerned About a National Debt Default
Ignorance may be bliss, but a national debt default could hurt everyone.

Tuesday’s need-to-know money news

Zemanta Related Posts ThumbnailHow your spouse could impact your mortgage, preparing for holiday travel, and a handy guide on who to tip and how much.

Your Spouse’s Credit Could Hurt Your Chance of Buying a Home
Welcome to life in community property states.

How Many Bank Accounts Do You Need?
The fewer, the better.

Ways to Save: Best times to score travel deals
Holiday travel will be here before you know it!

Top 5 careers for an early retirement
If you’re a physician or an air traffic controller, you’ve got it made.

Who Should You Tip — and How Much?
A handy guide on how not to be a cheapskate.

Monday’s need-to-know money news

Zemanta Related Posts ThumbnailSaving money after Fido eats another sock, is good credit required for student loans, and what car shopping and college shopping have in common.

Saving Money When Caring for Sick Pets
How to save money when man’s best friend gets sick.

Poll: Half of Older Workers Delay Retirement Plans
Uncertainty over the financial markets have older workers considering working well past retirement age.

Do I Need a Good Credit Score to Get Student Loans?
Depending on what kind of loan you’re applying for, the answer could be no.

What you don’t know about Social Security can hurt you
The importance of understanding Social Security’s complexities.

Why Choosing a College Should Be Like Buying a Car
The difference in quality between a luxury university and a four-door state school could be less than you think.

Friday’s need-to-know money news

School Kids DiversityWhy schools are lacking financial literacy classes, what retirees need to consider before buying a new car, and how to get the most from your wholesale club membership.

Why We Want—But Can’t Have—Personal Finance in Schools
Is financial literacy as important as historical literacy?

Should Retirees Finance a Car or Pay Cash?
Several things retirees should consider before getting behind the wheel.

10 Mistakes Even Savvy Stock Investors Make
Tweeter does not equal Twitter.

Don’t Count on Home Equity to Fund Retirement
Being realistic about the equity in your home.

Ways to Save: Best, worst buys at wholesale clubs
Do you really need that ten pound jar of peanuts?

Thursday’s need-to-know money news

Child and cashWhat to do when your adult kids ask for money, the bad side of credit card cash advances, and how the debt ceiling debacle could hit your wallet.

How to Handle Loan Request From Adult Kids
Carefully maneuvering a potential minefield.

4 Dangers of Credit Card Cash Advances
The fees alone should make you think twice.

Here’s How You’ll Make and Save Money in the Future
Are Bitcoins and crowdfunding the wave of the future?

You Can Raise Secure Kids Even in This Financially Insecure Time
Preparing your kids for what lies ahead.

4 Ways a Debt Ceiling Crisis Could Affect You
How the debate in Washington could have a serious affect on your personal finances.