What’s Happening with the Dow and Why You Shouldn’t Panic

keep calm and don't look at your portfolio

The Dow plunged 500 points last Friday and roughly 1,000 points since the beginning of last week.  All three market indices (the Dow, S&P 500 and NASDAQ) now are at a loss for the year.  So there is a lot of panic going on in the financial world, naturally.  If you click on a myriad of articles from major news sources such as Wall Street Journal, Market Watch, NBC or CBS, you’ll find that they are predicting more losses this week.
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My Stitch Fix Review

my stitch fix review

Earlier this summer, I tried Stitch Fix for the first time.  So I thought it would be helpful to provide a review for anyone curious about trying it.  For those of you that don’t know what it is, it’s basically having a personal online stylist pick out a package of 5 items for you (which can be clothing and/or accessories) called your “fix”.  Before they do, you log on and fill out a detailed questionnaire about your body type and size, personal style, wardrobe needs, and most importantly for me – budget.  Do you need more clothes for work, going out/date nights, or casual wear?  You can even go above and beyond their questions and provide more input about what you might need.  I had one friend indicate that she was nursing and would like tops that would accommodate that.  So below is my Stitch Fix review:
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Teaching Your Kids About Money at Every Age

teaching children about money

Teaching your kids about money is a crucial skill that is currently left out of our school systems.  But it can be a fun and easy thing for them to learn at home.  My 3 year old already understands that we use money to buy things, and she’ll say something like “oh you can just use some money and buy that for me at the store Mommy”….which cracks me up.  But I’m looking forward to when she is a little older and understands that money is not limitless.  The most important lessons – 1) living below your means, 2) debt is not your friend, 3) starting to invest early and 4) giving back, can be passed down to your kids by example and through openly talking about the financial choices you make in life.  If you decide not to take a trip because it wasn’t in your budget, it’s important that your children know why.  And explain to them which charities you donate to each year and what companies you own stock in.  Here is an age by age guide to how you can begin to teach kids about the different concepts of money and finance:
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