Imagine two people are getting onto Interstate 459 at the same time. One of them is driving a first generation 1991 Ford Explorer that is known to have rollover issues at higher speeds. The other driver has just driven off the lot with a brand new 2016 Corvette Z06 which is a world-class supercar. Do you expect the speed limit on Interstate 459 to be different for the two different cars?
Author- Marshall Rathmell
Recently, a client who was purchasing a new home told us that a friend had advised him to get a home equity line of credit (HELOC) when he bought the house, even if he didn’t need it. He wasn’t sure he fully understood the reasons his friend gave for doing this, and since it’s a question we’ve heard before, we decided to address it on the blog.
Throughout my life, I have created many different goals. Some I accomplished and others I did not. Interestingly, when making the goals I could usually tell you whether I was likely to accomplish them but I couldn’t explain the difference between the ones I was going to accomplish and the ones I wasn’t.
Couples often ask me how best to manage their bank accounts. It seems that lots of couples, from newlyweds to longtime loves—and everyone in-between—wonder about this topic.
There is no textbook right or wrong way for couples to manage their bank accounts. Different things work for different people, but the two most common ways I see are: