Theology Gals | Episode 110
This week Coleen and Angela address being wise with our money. Below you'll find an outline of the topics discussed.
Budgeting software options
Work on your budget together as a couple
Budget for everything
Getting out of debt
Pay off highest interest debts first
Pay more than the minimum
If you aren't carrying a balance on your credit card DON'T START!
Saving for bigger purchases
Saving for retirement (which will tie in with investing)
Types of investments
Derivative investments (options, hedges, other very complex instruments)
Lifetime avg return on the market
Max it out, get every match dollar
Diversify (talk about risk)
Individual stocks >40
Diversify across asset type as well
Shift strategy with age
Not so great financial decisions
Buying too much house
Viewing a car as an investment
Not saving for retirement
Whole life insurance
Teaching children to be wise.
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