Posts Tagged ‘student’

postheadericon Should Parents Talk with Young Adults about Money

When young men and women are preparing for marriage, they have time on their side because some of them are not getting married right away. The benefit is if they have questions or concerns about money, they can talk with their parents or their parents can refer them to a financial advisor that can assist them with talking about money as a couple.

It should be a parents responsibility to ensure that their son or daughter knows this life and marriage sustaining skill so that they can live happily ever after and not have financial issues because of the debt incurred from the wedding.

Parents should think back to when they first got married and all the things they wish someone had told them when it came to money and marriage. They can impart this knowledge to their son or daughter so they will not have to go through the same struggles the parents did but be informed on handling financial situations.

Parents love your sons and daughters and do not assume that they know how to manage money. Sure, they might have gone to college and seemed to have taken care of money while at college. Let me ask you a question: What is the amount of their student loan bill? Enough said.

Prepare your son or daughter with this valuable life and marriage sustaining skill. They will thank you for it later. You will also be glad that you did.

postheadericon Loans for College affecting Students’ Future

This is one of those topics that I have heard from students firsthand when I have had exhibit booths at different events. When I saw this story in the Wall Street Journal, there was no way I was going to pass it up. The title is Students Borrow More Than Ever for College.

I completely understand why they are borrowing because they want to attain an education. However, the problem is not knowing all of the consequences of having all of these student loans. For example, I remember talking with one student and they expressed that the amount of money they spent on their education, once they got a job it would take five to ten years to pay off their student loan based on what they were making at the job they got after graduating from college.

The article shares “The ripple effects for today’s heavily indebted young people are becoming palpable. A growing body of research suggests that tough loan payments are affecting major life decisions by recent graduates, forcing them to put off traditional milestones—from buying a first home to even marriage and having children.” It is on doubt that having this huge debt looming over their future would have them putting off marriage and having children because that in itself is an expense.

Before that son or daughter who has student loans get married, I encourage you to provide them with financial skills or a financial literacy program such as Money Talk Before The Commitment Walk and The Debt Stops At The Altar which teaches them how to talk about money throughout the lifetime of their marriage. This program they can use on their own before they even get married.

postheadericon Money and Marriage is My Ministry

Money and marriage are near and dear to my heart because this is what I live.  I am the person that came to their marriage with financial baggage and maybe different than you I did put it on the table. As a matter of fact, so did my husband. We both came to our marriage with financial baggage and we are both Christians. My husband and I are a happily married couple of 13 years that know from our own experience how to be successful at money and marriage.

When it comes to dealing with financial baggage which can be anything from  – slow pays, homelessness, debt, bankruptcy, cleaning up credit, family and money, becoming parents, job loss, spending, student loans, bad credit, business decisions affecting finances and relationships – we have experienced it.

When I say this morning, Money and Marriage is My Ministry,  it is a ministry for me that I do not take lightly. I thought back to when I was interviewed by US News and World Reports – a question she asked was does faith impact money? I had soooo much fun answering that question because it does when you are a Christian, believer.  I am here to listen, then encourage and provide solutions that work to:

  • Couples that are in church whose finances are funny and they do not understand but do not think they can reach out to anyone for help because they believe they will be judged or their situation will become church staff gossip


  • Couples who are embarrassed to even say we have made wrong decisions and want to get our money and marriage right. We don’t want money being a reason we get divorced.


  • Individuals who are tired of making wrong financial decisions but need help in cleaning it up.  


  • Anyone that want help in the area of money and marriage without judgment and condemnation. 


  • The person that has fear when it comes to money.

Regardless of what you think, you can come out of financial frustration today. As far as I am concerned, Christian Marriages should be setting the example for those not of faith and encourage them to want to be a Christian. But I know that is not what has happened.   

It is time to equip Christian marriages with life skills to sustain marriages and not let them be a divorce statistic.  Let me address this – do you have to be a Christian to contact me? No, you do not and I will continue to provide you with solutions based on what I know works. 

Christian or not, when you are given solutions it will be your choice whether or not you utilize the information and move beyond financial frustation and begin the path of financial independence.

postheadericon Three of the Toughest Words to say when it comes to Money

Money has many roles in our lives. Yet at the same time being something that most everyone wants, it is also one thing that many have limited knowledge in how to manage. With limited knowledge people manage money by trial and error thereby causing other mistakes. Look at these statistics for example:

1 in 3 marriages deal with financial infidelity

Money is one of the top reasons for divorce

The average college students has over $20,000 in debt when they graduate.

From a survey of married couples, only 14% said that income, debts and assets should be disclosed before marriage.

These are only the beginning of statistics that are out there. Money is a tough subject that changes lives good or bad. A lot of people remain in financial stress and unhappiness because of these three words that are the toughest to say…… I NEED HELP

If you cannot say these words, you stay in financial stress and difficulty. Once you step out and say these words your life can change. I remember when I said those words – it was very hard and even made me cry but once I did it, things began to change.

Caution: Do not let pride keep you in the vicious cycle of debt.

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postheadericon Have you heard about Credit Karma?

This must be one of those days where I focus on credit and its affects on individuals, marriages and students. As I was doing my research, the words Credit Karma made me stop and want to read more. Probably because the word Karma was in the title. If you are like me and immediately thought about the word Karma and its meaning, the good or bad felt that you generate. Another way of saying it, what you put out there comes back to you.

Therefore, when I saw Credit Karma I had to stop and see what it was saying. Actually Credit Karma is a website that provides free financial advice and credit scores to consumers. Today they are adding a new tool that aids users in understanding the components behind the credit score.

Beware: to utilize this service it does require users to give SSN and Date of Birth.

As an individual, married couple, student it is good to be knowledgeable in the area of credit, what is available, what to use and what not to use. We both know that “Credit” can be used to your benefit or detriment. Get all the information you can in order to make informed decisions when it comes to credit cards and various services that give you the option to monitor your credit and credit report.

postheadericon Should Money Be A Taboo Subject?

For the Parent: Without talking about money to your children the following could happen:
1) Applying for numerous credit cards and overcharging
2) Writing checks and not knowing how to balance the checkbook
3) Getting loan after loan from a bank and getting co-signers
4) They repeat what they saw you do

For the Student: I am going to say high school to college age:
1) Peer pressure when out with friends which can lead to overspending
2) Mismanaging money from student loans and applying for every credit card offer on campus
3) During break getting a job but spending the money instead of planning ahead
4) Not being able to return to school because its not affordable

For the Engaged Couple:
1) Walking down the aisle and preparing to say “I Do” then finding out spouse is in debt – Creates a major problem
2) Knowing that you are a shopper and praying your fiance does not find out
3) Learning your future spouse has $20,000 in debt and not knowing how to handle it
4) Not compromising on wedding expenditures – could set the stage for marriage

For the Married Couple:
1) Been married for years and one person managed the money, now faced with consequences that are forcing conversation
2) Blaming the other person for spending in a time when you needed to be “frugal”
3) Silence being a part of the marriage because of financial tension
4) One person feeling as if they shoulder all the financial burden

Whether you are married, engaged, a student, parent or single – you decide. Based on what you read above, should money be a taboo subject? Share your comments.