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Every morning when I wake up I am blessed with the freedom of choice; coffee or tea, oatmeal or eggs, and yes even the choice to spend or save.
We are all faced with choices each and every day on everything from breakfast to our finances and making the "right" choices is not always an easy task (I really would like to eat pancakes every morning).
For some of us the "wrong' choices have landed us in debt. But don't let those choices haunt you forever; there is always the chance to make "smarter" choices. This week's reading is all about making choices; we all make mistakes sometimes but armed with this information you will be able to make educated choices when it comes to your finances. In other words choosing eggs, over pancakes.
Got Kids? Here are 10 Tax Benefits For Parents @TheMoneyCoach "Little wonder that, in the past decade alone, the cost of raising a child from birth to age 18 has risen nearly 40% to $226,920. And since those figures don't even include college, just send my husband and me to the poorhouse now. We've got three kids to raise, and every year the costs of everything seem to only increase."
Premarital Financial Advice @ontargetcoach "Why is money so important to discuss before you are married? Money is #1 reason for fights in a marriage and also the #1 reason for divorce. This is serious."
Want to Get Out of Debt Fast? Just Use Super Powers! @SoOverDebt "Getting out of debt really isn't very exciting. Don't get me wrong - sometimes I squeal a little when I make an extra payment, and I threw a virtual party when I paid off all my credit cards - but I've noticed that the process is largely full of dull milestones over years of hard work."
Suzanne is a certified credit counselor and a Social Media Specialist for CareOne Debt Relief Services. Suzanne writes for Divorce, Debt and Finances and A Straight Talk on Debt. Follow Suzanne on Twitter @SuzanneCramer1 and @AskCareOne where she shares her insights on divorce and managing your finances.
Thanks for the mention! Great point about letting the bad choices haunt us. This is one of the hardest things to master in personal finance. The ability to look at the "sunk costs" and chart a new course is a great skill to learn. Once you are in a hole, stop digging!
Really good post. You've included a comprehensive list of quality posts. Very nice.
@John You are welcome--choices are especially tough when it comes to personal finance.
@TheDailyThinker Thank you-glad you enjoyed it--this week's round up had some awesome posts!