(Awesome guest post & video by Jeff Rose while J$ is out with Baby Money…)
Jessica Simpson sporting her “Daisy Dukes” is sexy. Right fellas? Many women would make the case for Robert Pattinson in the Twilight series as being super sexy.
Personally, a Double-Double at In-N-Out burger is about as sexy as it gets! Numnumnum…..
Okay, so we now know what’s sexy, but today we’re going to learn about what’s NOT sexy when it comes to managing your money.
Because I’m a nice guy, I’ll also outline the points for those that don’t want to hear me do a rendition of Justin Timberlake’s “Sexy Back” or seeing my wife attempt to hit me with her hot pink Nike Free’s. Or even see my special treat at the end. Yes, you can read my points below and miss all that excitement!
The NOT Sexy List
- Not checking your credit report. Seriously, it’s free and it takes like 5 minutes. Laziness is definitely not sexy. Go to Annualcreditreport.com and get yours today. (You can then pick up your free credit *score* at CreditSesame.com)
- Not saving enough for retirement. I’m a financial planner, of course I’m going to say this. Most people think 10% is enough. It is….. if you enjoy eating off the McDonald’s Dollar Menu when you’re in retirement. Bon appetit!
- Not teaching your kids basic money principles. You got your kids potty trained, congrats. Think your done? Hardly! Kids need lessons on money. Otherwise plan on them living with you…..forever! If you’re not qualified to teach them then find somebody that is.
- Your emergency fund needing an emergency rescue. If you go to an ATM to inquire how much you have in your savings and it laughs at you, your emergency fund probably needs some help. The last thing you want to do is head to the pawn shop to sell off your wife’s jewelry because you can’t afford to pay for a new tire. That’s when things get thrown at you. Heavy things that hurt.
What else is on your “Not Sexy List” for managing money? Do share!
Jeff is an Illinois Certified Financial Planner who authors the blogs Good Financial Cents, Soldier of Finance, and Life Insurance by Jeff. He is a father of 3 awesome boys, husband to the coolest chick on the planet, In-N-Out Burger junkie and Crossfit addict.
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|