In Personal Finance, Father Knows Best

Money can’t buy happiness
One takeaway from the recession that has been a positive: We are much less focused on the materialistic side of things and keeping up with the Joneses, and more focused on and appreciative of the things that really matter: family and friends, as opposed to McMansions and mega yachts.

It if sounds too good to be true …
There are many companies – from pawn shops to rent-to-own companies to debt management companies – that prey on those who aren’t smart about money or are desperate to get out of a trying situation. In the short term, you may be offered some attractive, seemingly life-saving benefits, but in the long run, it could cost you dearly.

Be a smart consumer
Before you make a purchase – especially a big one – read the reviews, compare competing products and talk to friends who’ve made similar purchases. The key is to learn all you can about the product you’re interested in, because buying the cheapest item is not always the most economical choice.

Learn how to negotiate
A recent Zillow survey shows that two-thirds of renters don’t research rental prices! How can you negotiate if you don’t know what the going rental rates are for the area(s) you’re interested in? Your first stop: Zillow’s Rent Zestimates. Then learn how to ask for a break – this is a skill that can not only save you on your rent, but on just about any other big-ticket product or service, from new appliances and cars to medical bills and more.