AMEX Points: Try The Clearance Rack

People often ask me what is the best type of credit card to get when it comes to frequent flier or cash back awards. I’ll cover some of my favorite reward cards in other post, but in today’s blog I thought I would share how to make the most of your AMEX card.   Sad to say, but most people who carry the GOLD or PLATINUM card don’t ever look at or use most of the benefits of card.   What most consumers are aware of is that with each purchase they rack up 1 point for every dollar they spend.   So how do you make the most of your rewards?  Check the CLEARANCE rack.  Here’s an example of three items you can get in the clearance section on AMEX membership rewards today. (source: AmericanExpress.com) When you click the membership rewards link in your AMEX account, you’ll notice on the far right hand side a link called ‘specials’.  If you click this link it will take you to all of the merchandise…

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Public School Is Not A Free Ride

By: Genna Jenkin The Your Smart Money Moves Mom Request a FREE consultation: www.oxygenfinancial.net Barely a week into our back to school routine and I’m already aware of some very disconcerting patterns forming.  The kids’ interest in helping get their lunches together is waning, bedtimes are not being adhered to and I’ve badgered them all about their homework more times than I’d like to count.  However, the most troublesome of all, is that every evening I find myself with my checkbook “paying” for my children’s public school education. Now don’t get me wrong, I understand that public education in this country can tend to get the proverbial short end of the stick, so I am well aware for the need to ask parents for some financial assistance.  It’s the changes I’ve seen since I enrolled my oldest in kindergarten (12 years ago) that concern me.  I’m sure that everyone with school age children can identify with the lengthy and detailed list of school supplies that every child is responsible to…

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Should I Loan Money To A Friend?

All of us have had awkward money scenarios happen to us in our lives. There are the immediate face-to-face confrontations when a personal friend asks us for money while out on the town. Or what about the time that your college roommate asked you if they could borrow $5,000 or $10,000? Remember when your 2nd cousin said they would be starting a business and were wondering if you would invest $25,000 in the new venture? So, how do you handle a money situation that may make you lose sleep at night? Here are three smart money moves steps to diffuse the problem. Step 1: Empathize. Listen, and Show that you’ve heard by recapping what specifically the other person is wanting to do with the money. Make sure you initially understand it from their point of view. Indicate that you know that economic times are tough, and their individual circumstances are particularly difficult. In a certain sense you need to be able to step inside of their shoes to feel a…

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National 529 Day

Today is National 529 Day.   Just another day on the calendar to get you thinking about how you will support your children’s college education.   I have noticed over the past several years that college education is one of the areas that people in their 40’s and early 50’s are WAY behind in when it comes to planned savings.   I’m also seeing much more discrepancies between spouses and partners alike about what is the best way to plan for this goal.  Should your kids go to an in-state school?  Should they go to the college of their choice?   Should you plan for an ivy league private school?   What happens if they just cross the border and go to a state school in a bordering state?   Imagine you get home from work one day and your child has the magical letter from that college or university that you both always dreamed they would attend?     Will you have a plan in place that makes sense for your child and your personal family finances…

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Preventive Medicine For Your Home

We all know that one the largest assets we will own in our lifetime is our home.   I’ve never really seen a ton of good articles on the cost of home ownership, but having personally owned over a half dozen homes, I can tell you that all homes required their fair share of upkeep.    Even though we may not be in the market to sell our homes, we are constantly watching the sale of our neighbors homes or checking out the prices on websites like Zillow to see where the value of our home stands.     We can convince ourselves that our home is in tip top shape until the time we get an offer on the home contingent on the dreaded home inspection.    A good home inspector gets paid in part to look within every nook and cranny in the house to find out what may be wrong with the property.    After the inspection, we can almost become incensed that the inspector may have found something foundationally wrong or something…

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The Drug Of Buying ‘Stuff’

The weather is warm and in the United States we are about to start enjoying some of the national pastimes of our country.   We love things like baseball, apple pie, the 4th of July, and …

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Financial Literacy Takes More Than A Month

I’ll bet that most of you don’t know that April is officially National Financial Literacy Month #finlitmonth.  In fact, almost a decade ago in 2003, the U.S. Senate designated April Financial Literacy for youth Month.   In March of 2004, the Senate passed Resolution 316 that officially recognized April as National Financial Literacy Month.    I almost thought for a minute that we had run out of months since every month seems to have designated some cause for us to heighten our sense to for the next 30 days. It’s ironic because I’ve been doing this for almost 22 years and I can tell you that I’m still constantly learning new strategies and techniques around planning for money.   Many Americans are highly educated but still not well informed when it comes to their money. Here are five smart money moves to focus on if you want to become more financially literate. Mutual Funds or Index Funds-  Many of the large mutual funds companies run advertisements on television or in print about how their…

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Is Your Relationship Worth $168?

Valentine’s Day is here and The National Retail Federation (NRF) says Americans will spend nearly $18 billion on Valentine’s Day this year.  The average guy expected to shell out about $168, according to a survey …

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How do your next door neighbors spend their money?

Didn’t you always wonder what your next door neighbor spends on their money on every year? Or maybe you were curious on whether you spend more or less than you should …

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The Top 10 Most Overlooked Tax Deductions

Top 10 Most Overlooked Tax Deductions
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc. Request a FREE consultation: www.oxygenfinancial.net
Get the most out …

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