Marion Syversen was here for this week’s Finance is Fun to talk about credit reports, and what key things you should know about them.
Credit report - A credit report is a history of you and your money. It contains your name, address, work history and Social Security number. It also has a history of ‘public information’ such as bankruptcies, liens and ‘wage attachments.’ There are three agencies which publish credit reports and they sometimes differ in what is included in each one. They may have mistakes and errors. This is why reviewing credit reports is important.
Ever had an idea for a business and didn’t know how to bring it to reality?
Deb Neuman talks about StartUp weekend coming to Bangor where ideas will become reality!
Marion Syversen was in for this week’s Finance is Fun explaining what someone’s money personality is.
Everyone has emotions that are usually bound up in their money. It tends to be a mix between what we learned as kids and our proclivities, our personality quirks and traits. No one is perfectly balanced so the goal is to be a sane as possible inside our unique composition.
David Leach of the Maine Bureau of Consumer Credit Protection was in the studio with Russ Van Arsdale on Monday for this week’s Consumer Contact segment. They were speaking to Joy about a new anti-scam guide being released by the bureau. The guide is called “Gone Phishing” and it gives tips on avoiding all manner of scams and protecting your credit.
Marion Syversen was on the Noon news for this week’s Finance is Fun with some tips about family and money.
Whether you are helping an adult child, or standing in the gap when someone you love has a sudden financial difficulty, lending money to family or friends can change things between you. Here are some ideas for ways to maneuver these tricky waters.
Time flies and as another school year approaches Deb Neuman doesn’t want any more time to go by if you are thinking about starting or growing a business.
Here are a few classes and events you should know about.
Marion Syversen was in for this week’s Finance is Fun talking about estate planning.
Please plan - Making a plan for your family for how to pass on your earthly possessions after death is a pretty intense topic. People avoid it. If you won’t face things and make a plan you leave your grieving family to sort things out, to argue over sentimental items as it reminds them of you and time spent with you, to cause such discord that relationships may be permanently altered. All because you couldn’t face this task. You have spent your life loving you family. So I know I can count on you make thorough preparations for this most difficult time and not leave them without your loving guidance.
Russ Van Arsdale was in the studio on Monday for this week’s Consumer Contact. This time, he spoke to Joy about the precautionary measures you can take when looking at used cars, especially due to all of the recent flash flooding.
Marion Syversen was in for this week’s Finance is Fun to talk about back to school shopping.
Everyone is facing the same joy and dread of back to school and all the joys and hassles that accompany this time of transition. Here are some strategies for your family.
Pre-tax contributions – Most retirement plans are funded with what are termed ‘pre-tax contribution.’ Taxes are NOT removed from that contribution now but will be owed later, when the money is removed from the tax-deferred protection of the particular account. So if you are twenty years old and begin to save, the money contributed to the account is pre-tax, and if you didn’t begin removing it until age seventy for example, the money grows protected from tax, or tax are deferred, until you remove any or all of it. Each amount withdrawn prompt the taxes due.
Deb Neuman wants to know: Are you ready to quit your “day job” to start a business?
1. Distracted at work – thinking about your business
2. You’ve market tested the idea
3. You’ve got a business “plan”
4. You’ve got a contingency plan
5. You’ve banked some money
6. You’ve got support (spouse/family/friends)
7. You never want to say “if only?”
Russ Van Arsdale was in the studio Monday for this week’s Consumer Contact. This week, Russ was speaking with Wayne about strives from the Federal Trade Commission to not only inform those looking on ways to detect and protect from scams, but also to pass that information on to everyone they can.
Marion Syversen was in for this week’s Finance is Fun to talk about retirement and how are people getting ready for retirement, or already in retirement, how are they liking the decisions they made?
Marion Syverson was here for this week’s Finance is Fun to talk about what businesses are the riskiest to start.
Food - Grocery stores, in an already competitive filed there is a lot of pressure on prices is shops of this type. Margins, the profit above costs, are typically very small and could be as low as 1% Restaurants and bars are also risky businesses. Often owners are surprised by the high costs of equipment and building requirement for code compliance, licensing and wages.
If you’re thinking of buying your first home know there is help available to get you there.
Certified housing counselor Heather Massow has tips for first time homebuyers.
Call 973-3500 or log on to penquis.org for more information
Marion Syversen was in for this week’s Finance is Fun to talk to us about the top strategies for you when you’re providing for others.
‘Responsibility requires action’ – This quote is both succinct and insightful. The responsibility of dependents requires you to act on their behalf, to both protect them now and in the event you cannot take care of them. Let’s give this some thought.
Summer means kids in business!
Deb Neuman has some tips to help your kids have a summer business:
1. Let them pick the business!
2. Help them make a business “plan”
Marion Syverson was in for this week’s Finance is Fun to tell us about how, research has shown that in general there are gender differences in how men and women behave in investing. Marion examined some of them so we can learn our strengths – and weaknesses.