Tuesday, July 31, 2007

Stocks Rising

Looks like stocks are rising, which is good because I almost made a major boo-boo by getting out at the bottom and cutting my losses. Hopefully this trend lasts. I guess I will just have to be patient and see what happens. I need to get back to reading more on stocks and the forex market. I've been slacking and that's what got me in trouble to begin with. If anyone has any recommends on either subject, I would greatly appreciate any input.

Monday, July 23, 2007

Investing Problems

So my investments aren't doing so hot. I didn't get out when I should have and my stocks dropped big time. Now I'm stuck either waiting for them to go back up or getting out at the bottom and trying again. So basically I get the shaft both ways. I think I will wait it out and see that it hopefully gets back up to where I was at. Now you know why I am an amateur investor. Oh well, each mistake is a learning experience.

Monday, July 09, 2007

Carnival of Personal Finance #108

The 108th Carnival of Personal Finance is being held by Broke-Ass Student this week. Just wanted to say thanks for the great job and for including my article on Spending Too Much on Your Kids. There are a lot of awesome posts so check them out. I will post some of my favorites once I get a chance to read some of them.

Friday, July 06, 2007

Happy July 4th

Hope everyone had a happy 4th of July. We did, we spent time with friends and family, so we had a great time. Hopefully no on lost any digits playing with fireworks. Again Happy late 4th of July!

Tuesday, July 03, 2007

Spending Too Much on Your Kids

MSN has a good article that talks about how parents are spending too much money on their kids and not putting money away for retirement. Being a new parent I can see how this happens. There are so many things out there for kids and you want your kids to have the world, but how much is too much? We are lucky enough to be a two income family, but I can still see how we could overspend on our new baby. This is why we are trying to work up a budget that still lets us put money away for retirement and for our emergency savings account. The article talks about some of the reasons people are getting in debt for their children; paying for private schools, buying bigger homes, trying to keep up with the Jones' kids, and not teaching your kids the value of money. I think this is the most important of all and plan on teaching our kid when she is old enough the value of money and savings. This way she won't be in the same boat my wife and I are in. Anyway the article is pretty good, check it out.