Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did.
This week’s favorites include tips on internet safety for your kids, the top scams of 2022 and how to avoid them, the effect of maxing out your 401(k) every year, stop buying stuff for your stuff, and saying ‘I Don’t’ to unfair prenuptial agreements.
Do you ever wonder about what your kids are doing with those smart phones and their computers? They do have a risk of getting into bad things they don’t even know about on the internet. Allconnect shares with us some great ideas to Keep Your Kids Safe Online. If you don’t let them drive in the car without a seatbelt, you should consider some safety measures online as well.
Don’t you hate those scam calls you keep getting: The IRS has locked up your bank accounts, a friend needs you to wire some money, or there is something wrong with your Microsoft account. The bigger problem is when you don’t identify them as a scam until it is too late. I fell for one once and suddenly realized what was happening and quickly changed the password to the account in question. Her Money from Jean Chatzky share with you some of the top scams or 2022 and how to avoid them. If you can spot it soon enough, you can keep your money.
I maxed out my retirement plan deposits every year I was in private practice. That one habit had a big effect on the money I had available when I retired. Retire by 40 shares with us exactly what does happen if you always max out your 401(k). The compounding is awesome so don’t miss out on this golden opportunity.
Ever found yourself buying stuff for your stuff? You buy a phone, and the phone needs a screen cover and a case and some stickers, and a stand to hold it in place……. I never thought of this before reading this article from Live Your Wage where they are asking me to Stop Buy Your Stuff Stuff. I see this costing a fortune when you buy a bigger house and need more furniture and have a larger property tax bill and have extra garages to fill, and it’s calling for a yard gnome….. The more stuff you buy, the more stuff you buy. It’s a vicious cycle. Eventually you need to rent a ministorage to keep your extra stuff.
Prenuptial or postnuptial agreements can be a stick subject. But it becomes especially bad if the agreement is not fair. Some people are just flat out greedy. When you set out to make a fair agreement for dividing a household in the event of a break up, when you both feel good about each other, you can get to a reasonable outcome. But if your idea is to keep everything for yourself in the event you split up, then that is way off base and a reason to look elsewhere for a mate. Yahoo News and Kiplinger share with us some tails for the books with Say I Don’t to Unfair Prenups. Read this before you sign.
I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.