Comments on: Money Lesson #2: Setting Financial Goals

By: akmeli

akmeli — Sun, 12 Oct 2008 04:44:27 +0000

i am so glad to learn from you and i believe that your instruction is very vital in todays life. i have never seen such an easy explanation like yours which makes even a lay man understand account easly. i have already started to change my way of beaving with money. thank you. i look forward to learn more from you.

By: Data Entry Services

Data Entry Services — Sun, 21 Sep 2008 11:31:42 +0000

As always, good reminders. Thanks.

By: capitalcouplesfinance.com » » 10 Tips For Finances in Your Relationship

Mon, 28 Jul 2008 12:27:28 +0000

[...] Be on the same plan—Pinyo at Moolanomy writes about creating S.M.A.R.T. goals. Do it and do it together. That way, you can hold [...]

By: Make Friends, Earn Money

Make Friends, Earn Money — Fri, 30 May 2008 09:22:30 +0000

I agree that paying off credit card debts should always be NO1 priority. The interest rates on many of these are crazy. I know that there is an argument to pay off mortgages first because they are a substantial debt, but the interest rates are much lower and over time even a small credit card debt can quickly spiral into a major financial problem with a high interest rate. I also agree with setting SMART goals, I use these all the time at work and continue to do so in my personal life.

By: Pinyo

Pinyo — Fri, 28 Sep 2007 13:07:03 +0000

I figured she did all the hard work carrying the baby and all. A little bit of massage every night is just the right thing to do for her.

By: glblguy

glblguy — Fri, 28 Sep 2007 02:52:31 +0000

You are a dedicated blogger, you give your wife a message and discuss finances

By: Pinyo

Pinyo — Fri, 28 Sep 2007 00:59:09 +0000

@Tom – Thanks!

@Plonkee – You have to read the first post. Basically, it’s a big risk for us if she doesn’t know our finances as well as I do. So we agreed to work together, so that she can learn everything she needs to know in case something happens to me.

@Josh – Welcome to Moolanomy and thank you for pointing out the phase out. That’s how long ago I had to deal with student loans. I should have checked that.

By: Josh

Josh — Thu, 27 Sep 2007 23:07:25 +0000

“Student Loans Ã¢â‚¬â€œ We donÃ¢â‚¬â„¢t owe any student loans. But if we do, this would be low on our list also because the interest rates are low and interests paid are tax deductible.”

You have to be careful here…

From irs.gov

“For those whose filing status is single, head of household, or qualifying widow(er), the full $2,500 deduction is allowed for MAGI levels equal to or below $50,000. For MAGI between $50,000 and $65,000, the deduction amount is gradually reduced. The Form 1040 Instructions show you how to compute the deduction. If your MAGI amount is $65,000 or more, there is no deduction.”

I ran into this a couple of years ago

By: plonkee

plonkee — Thu, 27 Sep 2007 19:02:54 +0000

Are financial lessons your evil payback for having to give your wife a massage or is she actually interested?

I’d order financial goals in the same way as you, apart from putting no.4 towards the end. The only college I’m planning on funding is my own second ‘for fun’ arts/humanities degree in my retirement.

By: Tom

Tom — Thu, 27 Sep 2007 15:11:37 +0000

That’s really sweet of you.