Starting Over Financially

Investment advisors

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M  Being uninformed about financial matters and investment is OK.  Staying uninformed is not.  God has designated us as stewards.  An important position to be sure. Everyone can learn.   V A good broker or investment advisor can explain investment strategies and fees to you. And they can point you to resources where you can learn more on your own.  A good financial advisor will be happy to work with you to understand what you are invested in and to see if […]

Good stewardship # 2

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Money matters bring opportunity in couples for disagreement, discovering what matters when things are rocky, and the possibility to unify and become closer. Pick time for discussions when things are smooth.   V  Not when you’re not tired or hungry.  If you agree on everything, one of you is unnecessary.  Backgrounds shape us all–differently.  Whether taking about sizing down in space, revamping your budget because of changes, or how much to give, communicate, communicate, communicate.  Hopefully you’ve started these talks before […]

Becoming a good steward

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M  Scripture says we are a steward overseeing what God has entrusted to us.  That means paying attention to your finances is a God assignment.  Something to do intentionally, with purpose.   V  Important!  Pay attention to your investments. When starting over, did your spouse do the investing?  Make sure you understand what you own and why.  Understand what fees you pay and why.  If you are now on your own, do these investments now fit your risk tolerance and your income […]

Preventing credit card fraud

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money   M Being good stewards means we don’t reward theft.  Credit card fraud continues and we need to be vigilant.  I know.  I recently spent hours recovering money after being hacked.   V  Use a limited and verified number of companies for orders on line.  There are companies that are secure and offers great variety.  Products available there can be paid through a 3rd party accounts like Paypal.  Yes, it takes a bit of time to set that up.  However paying through […]

Credit card fraud

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M I recently had a rude awakening opening my credit card bill.  NINE identical charges on one day to an unknown business.  Calling the number, they were ‘closed’ that day.  Quick call to my son, getting good advice.  He recognized the fraud and advised that I called the credit card company.   V Scams on credit cards are common.  Report that fraudulent charge immediately.  You discovered in the days after that period, the identical amount NINE times, but a different company.  That […]

Another car

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money   M  We encourage personal accountability.  Making financial decisions based on you, your family, your needs, not wants.  Don’t compare and look at the other persons nice car.     V  I am a married woman in my 40s with several degrees, certifications, and 3 jobs.  We need another car in our family soon, and were paying 3 college tuitions at the time my car started to look old and rusty.   I do not need a different car.  My car gets me […]

Wants vs needs

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M  Do you know the difference between wants and needs?  You’ll learn when change happens:  one income instead of two,  retirement instead of full time work   V Necessity teaches you the difference between wants and needs.   At one point I learned this about cars. I have a good car: 9 years old, about 70K miles on it.  But it’s starting to rust around the wheel wells.  I could hardly believe it.  My car guy told me  the fix was not even […]

Quick moves

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Lets address the matter of moving in retirement.   V One woman  wanted to move to a retirement location she had long admired. She  sold her home and bought a new one in the new area.   She learned a costly lesson that she did not like her new neighborhood as a permanent spot, just for  vacations.  By the time she wanted to move back, prices had gone up and she could not afford her old neighborhood.   M  Research ideas.  Test […]

Learning from others mistakes

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money   M  When starting over, learn from other ‘s mistakes.  If you have friends that are loving and humble enough to share their mistakes, pay attention.  Their wisdom can save you pain.   V    Here”s what we’ve learned from widows stories we’ve heard. One widow bought a new smaller home without first selling her old one. Little did she know how long it would take her to sell her older home or how much money fix ups would take before it would […]

Different plans

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M When there is change in your life, growing family, empty nest, job change require a housing change, listen to others advice, but remember each of us is different.   V Let’s say your friend moved to a condo.  That’s working for them because they are very busy and not handy.  But maybe you are handy, partially retired and like to fix things.  You should then connect with someone who picked a fixer upper and see what worked for them. Proverbs advises […]

Starting Over Wise Advice

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M  When you are starting over at anything, thoughtful planning and wise advice are your friends.  You need to budget and live differently  Take time to think about how you will do that and get wise advice.   V Interview a professional, and someone who has walked this road you will now be taking AND is thriving.  Friends might say “Well.. don’t do this.. that really didn’t work” That has some value, but it’s better to know what is working for them […]

retirement alone expenses

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money   M  Are you entering retirement?  We’ve said determine what you will have, income and resources first.   V Second, What about your costs in retirement?  Using what you know of your housing costs, health care, food, vehicle, all expenditures, determine how much you’ll need in retirement. With knowing projected income and expenses, you can get a projection of how much money you will need monthly or yearly in retirement.  You can find general information with online calculators and with a financial […]