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Check Fraud Scams Are Fleecing Young People

In this post I will focus on check fraud scams and for a reason you might not think.  When we think of scams, we tend to think about trying to give older adults the tools they need to avoid being the victim. In fact, in the Tri-Tips newsletter a scam is highlighted every month.   While the need to educate older adults is still important, a risk report from the Better Business Bureau found that there is […]

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Photo of money in envelope courtesy Viktor Hanacek

Teaching Children About Money Management

Money.  It’s a topic that is often difficult to discuss because we tend to not want to talk about our income and expenses with people.  Children are people too, but this is not an area where you want to open up the household books to them right away. Money Management For Younger Children There are a few basic areas that children need to learn about.  First is to understand the concept of money and how […]

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Your Parent’s Furnishings Are Worth What!?

In another post, I talked about downsizing while you or your parents are still able. As baby boomer’s parents (and boomers themselves) start to downsize, the question becomes what to do with all the furniture that has to go? Can you get any money by selling those furnishings? The realistic answer is that many of the furnishings of baby boomers (and their parents) are not what the next generation is interested in. There is so […]

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gold bars representing lost money

How to Find Lost Money – For Free

Do you remember every financial account you’ve had over the years?  Have you moved around a fair amount?  Surprisingly, someone might want to give you some lost money back, but they don’t know how to find you!  Seriously, that’s the case with money or property in accounts where the institution or company has accounts they consider abandoned.  What happens is that over time, the account is considered abandoned and the funds eventually are turned over […]

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How Good Are You at Spotting Any Scam?

Pre-Paid Cards One technique that is used that should be a red flag is any payment method that is immediate such as wiring money or the use of pre-paid cards of some type. If someone calls and threatens you with arrest but wants you to buy a pre-paid card to get out of it, it is almost certainly a scam.  The particular card might be a Green Dot card, an iTunes card, or basically any […]

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Budgeting For Young Adults Does Not Have To Be Complicated

When someone says the word “Budget” do you think of negative connotations of restrictions, and a lot of work?  A budget does not have to be either hard or restrictive.  Instead of a budget, let’s call it spending goals.  Here’s the story of one person who made his spending goals very simple. Three buckets My commentary on this would be that he is doing a wonderful job at paying himself (savings), and using cash for […]

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Image of person writing in book by StockSnap from Pixabay

Being Fair to the Children With Your Possessions

As we age, we seem to accumulate more and more “stuff.”  One problem that can occur when someone passes away is what to do with the personal possessions.  What happens if more than one child wants the same thing?  Many families have gone through difficult struggles and fights about the personal property of an estate.  So how can you make sure your children won’t be fighting over your things? One way, of course, is to […]

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Are You Prepared to Leave This World?

Nobody really wants to think about what happens after they die, but those left behind will have to deal with what is left (after all, you cannot take it with you)! I know that none of us want to think about these situations but the time to think about these is when times are good and your are healthy, and not in the middle of a crisis. So why not prepare your loved ones for […]

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Resources to Help When Life Gets Complicated

In the last blog entry, I discussed how things we consider to be rather simple tasks can become more complicated as we age. Also mentioned was how resources such as additional home services can handle these tasks and allow someone to continue to live in their home rather than moving into a care facility, which is cheaper overall. From a financial perspective, the question becomes what to do for the person who can no longer […]

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Older man sitting in chair

When Life Gets Complicated

One of the things that happen naturally as we age is that our minds age as well and tasks that seemed really easy start to feel more and more complicated. Most people wouldn’t think of these as tasks that are all that hard, but for an older person these can easily become confusing to the point of frustration. Unfortunately, these changes happen slowly over time so the frustration builds slowly. These may not seem complicated […]

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