Celebrate The Season One Nation Under God

Americans struggle this time of year with celebrating the holidays.  For some, it's a lonely time.  For some, it's an exciting time.  For others, it's a crazy busy time.  For others, it's a time when you dread it.  Whatever your struggle this time of year, it is wise to keep some perspective that money can't buy yet provides a return far greater than your investment portfolio.

Getting back in touch with your spiritual side is a nice start.  I listened this morning on the CBS show where three clerics respectively representing the Islam, Jewish and Christian religions spoke about The Deeper Meaning of the Holidays  All three commented on why Americans aren't as in touch with their spiritual side.  For one thing, many are busy and are trying to buy things to satisfy needs.  All agreed that Americans aren't as spiritual as in past times. 

Relationships take time, and you need to invest in them.  It's intimidating for many who must use a credit card to satisfy certain needs.  You cannot buy love.  Though love is unseen, not tangible and not readily available, it is experienced by many so we know it exists.  Perhaps past hurts prevent you from opening yourself back up and being vulnerable to receiving and/or giving love.  If that is the case, then by all means take your time but do not keep the wall up preventing the WHAT IF love really happens this time.  It's a risk well worth taking.

Forgiveness is key.  Impossible to forgive...I believe not....It takes courage and swallowing your pride to forgive.  Though many see this as weakness, it is greater strength than any football player or Olympic champion can ever display.  God forgives us, and perhaps He is desiring us to forgive Him.  We can learn to forgive by forgiving others. 

We are one nation under God.  Isn't it neat that all can celebrate this time of year?

Holiday Season Tips

Frantic about the end of the year?  You are not alone.  Many are.  In addition to all the holiday season busyness, Americans are dealing with an economy that is dismal regarding employment.  For many, Christmas will not be as great as in years past. 

1.  Check your end of the year financials.  The old expression of getting your house in order is recommended. 
2. Budget for holiday gift giving and go lean!  Everyone understands that people aren't doing as much as in years past.
3. Spend less on your children and spend more time with them. 
4.  Travel with a purpose, meaning budget your auto fuel.  Try to merge two or more trips to the store into one.  Try to carpool or get a ride.  Walking, riding a bike or even taking an alternative means of transportation though full of hassles can free up cash elsewhere.  I know of a retired couple who sold their second car and share one vehicle. 
5.  Clothing goes on sale this time of year so be on the lookout for nice gift ideas or a new article of clothing for yourself. 
6.  Attend church especially the Christmas events.  They bring out a cheerful bit of our soul.  Plus they are free and some offer free child care depending upon the event.
7.  Gift cards are all over the place and make for easy gifts (or do they?).  If you are handing the recipient a gift, it is best to give cash.  Gift cards now come with a $3.95 activitation fee in addition to the amount on the card.
8.  Impulse spending occurs so quick as stores and salespeople put the push on you to spend spend spend.  Be wise.  Watch your wallet. 
9.  Technology is allowing thiefs to get ahold of your credit card.  Check your free credit score as well as your credit card and debit card.
10.  Shop during low volume of people times.  Weekends, after work and school holidays are when traffic will be high.  Plan a day off.  Better yet...shop online and plan to be at home when the UPS man delivers your package.

Fisher House aids many with an upcoming project in Tennessee

The Tennessee Fisher House is working hard to raise donations and is pending construction in Murfreesboro TN.  The Fisher House is a nonprofit organization providing a home away from home for many military getting medical treatment.  96% of all donations directly benefit military families. 

Veterans, Public is outraged at Your Cost of Coming Home from War

The Tennessean published a three part series on Veterans called Coming Home by Tom Wilemon and the medical care being provided for them.    Tony Gonzolez wrote another article on how Middle TN Families are struggling to pay cost with war.   Wives of Faith was mentioned as a possible point of contact for help.  Public outrage is high at how our veterans are being treated based on one of the articles.  Mind you, less than a quarter of veterans dealt with physical issues requiring medical aid, yet the emotional trauma is high.  I believe that both articles provide a glimpse into what some military families have endured as a direct result of service.

On the day after Thanksgiving when these articles were published, I received a phone call for help for a World War II veteran who lost his double-wide and is struggling pretty bad.  While we are processing the situation to see how we can help him out, I am certain that there are more veterans dealing with similar struggles. 

The bitter pill is giving so much to a country that doesn't take care of them especially years later...that's what is difficult for some veterans to bear.  Cutting through the red tape of bureaucracy and government protocals, it's important that our veterans are helped out.  The Fisher House is a great outreach for those seeking to provide financial support to our veterans.    Donations are currently being raised for the Murfreesboro TN location of the TN Fisher House.   The majority of veterans are good people trying to be treated fair in a system struggling with many flaws that add fuel to the bitterness feeling.

Sure these veterans didn't have to sign up, serve, and get paid for their time in the military, but they DID! I applaud our veterans for serving (and getting paid as well as being given certain perks).  Honestly, the pay is low for what these folks and their families do to sacrifice for our country. 

Yet here is something that money can't buy and that is fighting for our freedom. 

Some folks sign up for college money.  Some folks sign up because they need a job and/or work experience.  Some folks do it for family tradition.  Some do it because they have no where else to go.  Some feel called to sign up.  Some are guilted into serving aleit family member, peer pressure or perhaps a bet.  Whatever the circumstance to enlist, the outcome is what it is. 

We hope for the best for each service person.  The best that we can say is Thank You for your service to our country. 



Tennessee Fisher House is located in Murfreesboro, TN and is pending construction.  There is a staff in place so telephone to see about specific means of support currently available. 
tennesseefisherhouse@comcast.net
Phone: 615-916-1310

Tennessee Fisher House Foundation, Inc.
P. O. Box 774
Brentwood TN 37024-0774

Fisher House™ Foundation and the Fisher House™ program depends of public donations to continue its important work.  Fisher House™ Foundation does not disclose the names of its donors to any other individuals or organizations. We do not do telephone solicitation.  Fisher House™ Foundation, Inc. is a not-for-profit organization under section 501(c)(3) of the IRS code. Donations are tax deductible to the maximum extent allowed by law.

WAYS TO GIVE:

BY MAIL:

SEND YOUR DONATION TO:

Tennessee Fisher House Foundation, Inc

P. O. Box 774

Brentwood TN 37024-0774

Please make checks payable to: “Tennessee Fisher House Foundation”

PTSD & Jobs

PTSD or post traumatic stress disorde is a serious issue for many military personnel.  While the tv show Castle showed how police officers deal with PTSD, it is much different and yet similar. 

It is a known fact that unemployment for those dealing with PTSD is higher than what many realize.  Even if the person dealing with PTSD is employed, it affects everyone.  Military wives must seek professional help if they feel that their spouse is not making progress.

Seeking employment especially during these challenging times is a challenge.  It is best to network among friends, family and someone in the career profession.  Taking a temporary job or doing odds and ends is better than nothing. 

People want to help and yet people are hurting because of these dismal economic times.  An interesting blog Rainmaker this retired military man provides some resources on it.

Learn a Foreign Language!

As a foreign language major and having traveled internationally, I am an advocate for people to learn a language other than their own native one.  The benefits are tremendous yet many Americans don't understand why. 

In the USA, there has been an increase in language usage other than the English language in everyday exchanges.  For example, we have seen an increase in the Hispanic/Latino culture.  Many lawn maintenance crew and other blue collar workers speak Spanish. 

French is a fun language, and I attribute my learning it to Julia Child's tv show.  My dream was to go to France and go to cooking school.  Signing up for French was a thrill...then came studying and mastering it.   It was a struggle to learn the language, and unless you are immersed in it, it is no wonder Americans have a difficult time learning another language.  I studied hard and persevered.  Studying abroad helped sharpen my French speaking skills.  It was neat to learn about the culture, the history, and the people. 

As a military wife, I haven't had the opportunity to PCS internationally with my husband.  He's traveled extensively and admits he wished he knew another language.  For most military wives, it behooves you to learn another language.  Our navy friends loved being stationed in Spain and gained an understanding of the Spanish language.  Now back in the states, they are enjoying this ability to speak with the new wave of Spanish speaking people.  A former boss studied Russian and served in the military.  He rarely speaks it but gained an understanding of the language and culture that he enjoys to this day.  One enlisted man who spoke arabic helped my husband purchase a nice gift while overseas.  Being in the military is fun because you gain exposure to other languages and cultures.

Today's world is more international where you are able to interact with internationals easier through less costly means of communication.  By understanding other languages, you understand other cultures and other people of this world.  Who knows, perhaps one day we will all converse in similar dialogues and get along better...but until then, it's a neat time to study and learn a foreign language.

Digital Donations This Red Kettle Season

For an institution founded in 1852 to start adopting digital means of accepting donations versus the traditional coins and dollars, it's going to get a great time of year for nonprofits such as The Salvation Army's Red Kettle Campaign.  Great organization that does way more than you would think even in this modern era!  If market research confirms that people spend more at fast food places when using a credit card, perhaps this will up donations to charity this holiday season. 

Fewer shoppers carry cash on them.  It is important to be protective of your credit/debit cards this holiday season. 

11.7% Jobless Rate for Returning Veterans

In the November 4th, 2011 edition of the Kiplinger Letter, I read an interesting commentary about Military Veterans and them finding jobs on the homefront.  The jobless rate for returning soldiers is 11.7%.  This is a significantly higher rate than the unemployment rate in the U.S.  I believe that many of these numbers are NOT true representatives of the reality.  For example, a Navy reservist has been denied employment because of his military status.  While against the law, it is a reality than many don't realize is happening to our men and women serving their country.  Free market enterprise is undergoing various challenges with a lackluster economy that is starting to pick up steam from this recession.  Some pickup is occurring but not at the breaknecking speed needed to turn the economy around.  GDP growth remains low relative to other countries. 

The Dept of Labor and Veteran's Affairs is offering incentives to businesses.  For those veterans seeking employment especially those wounded in a combat zone, there's a tax credit in hiring such a job candidate.  Government money for salaries and other incentives for employment may benefit small businesses seeking to hire yet limited with monetary means.  Obviously you need to research this on your end for clarification because some employers hiring may not realize the added benefit a veteran offers.  At the America's Heroes for Work site, you will find loads of information about this topic.  As each state operates differently and as the information is limited, it is wise to seek counsel and/or talk with a private headhunter who may specialize in placement of veterans.

Job seekers are challenged today in the U.S.  It is wise to keep in mind that this is not you personally but the market conditions in this country.  I pray that you seek a support group either at a church or an employment office or elsewhere.  Never give up faith and hope as you or a friend seeks employment.  All the best, Alfa Sugar

Veteran's Day Discounts and Deals

See this link for a free meal or other discount deals for veteran's, past and present with a valid military i.d.

THANK YOU Veterans

Happy Veteran's Day!

A simple Thank You for your Service to Our Country is the best thing that anyone can say to a veteran.  At an early morning school assembly, one veteran spoke about the importance of just saying Thank You.  I believe that many Americans do NOT take for granted the sacrifice and service of many in our armed forces.  I believe that many Americans are ignorant of the valor, courage, strength and fortitude of folks who serve and have served in our armed forces.  Tis better to do what is right and endure the slander from those ignorant of what it takes to excel for the common good.  Celebrate as we all should the wonderful freedoms we enjoy today.  This is truly a day of thanks for our Veteran's.

On Wives of Faith, Pattie Reitz posts a neat history clip as well as an appropriate poem.  WofF Veteran's Day 

History via the U.S. Dept. of Veteran's Affairs

The Purpose of Veterans Day: A celebration to honor America's veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good.

Stock Market Volatility

Portfolio managers are challenged increasingly with volatility in the stock market.  Tried and true methods of buying and holding while the stock goes up remains a popular method of investment management.  However, given the internet and the overwhelming ability to gain access to market research, timely trades and online investing, it's a whole new market environment that forces many managers to finetune their gamesmanship.  Conservative mutual funds tend to invest in technology, energy, consumer discretionary and financials especially when the 200 day moving average line is in an upward slope.  To hedge any downside risk, many park it in defensive holds such as utilities, consumer staples and health care. 

For the individual, it's either invest in a mutual fund, hire a financial advisor and/or get an asset manager to grow your portfolio.  As the US savings rate declines, many individuals are relying on their company's 401k plans to help them with these decisions.  That lends to more risk should you be at a company similar to Enron regarding your life savings.  Fewer individuals take active interest in their financials because they are too busy to invest their time into understanding it all.

While gamesmanship and market volatility is a current issue for many, I admit that Mr. Market always comes back with a different story each day.  Question is how do you manage yourself as well as your finances given these environmental changes?

Recheck your Banking

WSJ article on Credit Unions Poach Clients is a great review of current banking issues.  Local banks and credit unions when compared for their rates and quality of services revealed that the credit unions offered the best value.  Banks are not as helpful as perceived.  While many financial institutions continue to battle for your dollars, I offer a buyer beware of where you deposit your dollars.  One bank teller rudely questioned why I didn't deposit more of my dollars with them when I made a deposit for another account.  Why should I when your customer service is lousy, your fees are unwanted and your willingness to help me with my financial situation is nonexistent.  I will gladly send my dollars elsewhere.  Question is where?

Your local credit union is one opportunity.  For military families, this is not as good of an option especially with PCSing or international travel.  I find that USAA doesn't charge ATM fees and offers free checking.  There are other military-friendly financial institutions to consider. 

Important is to bank with a financial institution that does provide an FDIC guarantee on your account (not brokerage or money market as these fall under SPIC which is completely different from FDIC) and double-check the fees you could potentialy pay.

Layaway is Back!

The ads are astounding how more retailers are offering layaway this 2011 holiday season. 

Walmart Toys R Us  Sears  K-mart  Best Buy  and more!

It's an aggressive move to recapture sales at a time that consumers are more debt-savy.  The reality is that you may not capture those huge sales or markdowns as the holiday season nears to an end.  Paying full price for an item on layaway will help with your cash budget but perhaps stockpiling the cash in your wallet and waiting for the sale may be a good thing depending upon your wish list this season. 

It's important to reassess your budget this year and see what's a priority and what can wait until closer to the date.  Also, each layaway option has different fees or rules so check out the full details before signing on the dotted line. 

eLayaway is another fee-based company that enables you to make payments on certain items such as iPads and other items.  For a small fee and a proven reliable business in layaway, you can stay on target with your budget this holiday season.

 

VA Benefits

Below is interesting information that has been posted about VA Benefits.  While I can't confirm the details presented below, I blog about this information to assist those seeking information.  There appears to be a lot of red tape preventing people from getting a direct, sensible answer.  I pray that what I've shared below will illuminate some sketchy details to help many get the benefit that they so deserve.  I will continue to do financial research about this and as always, wish you the best.  Thank you for your service to our country.   ~Alfa Sugar, aka Stephanie Arredondo

Disability Pay
This blogger writes: unless you hit 20 Years you cant have both. Personally I would go with the VA $ since its tax free, well, that and I have a wife and 5 kids and will probably get 70%...Much better than 30% of E-6 Pay..But I have not been able to actually find that written anywhere in an instruction...so if anyone knows...

One blogger writes:  If you receive Military retirement at say at 30% or greater you will receive a medical retirement at 50% base pay.  If the VA rates you at 90% that means your 50% military retirement is non-taxable and you will receive compensation from the VA @40%.  

Another blogger writes the following:
If you are medically retired from the Army, you will only receive one check from the two departments, the check with the higher amount. You do not have the option of choosing which one. However, if at any point your condition worsens and your pay from one authority or the other is raised to a higher level than whichever is paying you at that time, the higher paying authority will take over your payments. Bottom-line, you will only get one check and while you have no say, it will always be the higher amount.

One of the differences between the VA and the Army, outside of the payment, is that the VA will pay 100% of your medical expenses for at-home equipment (home adaptive equipment, sleep apnea machines) whereas TriCare will usually pay for 90%, so a rating from both authorities is a good thing.

Disability Compensation
Chris Attik wrote this article that may be of interest  VA Benefit

Property Tax for Residents of Virginia
Sherri Abrams wrote this article for those disabled veterans living in the state of Virginia.
Disabled Veterans Real Property Tax ReliefJuly 9th, 2011

Effective January 1, 2011 a new law was imposed by the Commonwealth of Virginia allowing a 100% real estate tax exemption for qualifying disabled armed forces veterans and their spouses.
Pursuant to Article X, Section 6-A of the Constitution of Virginia, the General Assembly exempted from taxation the real property, including the joint real property of husband and wife, of any Veteran who has been approved by the U.S. Department of Veterans Affairs to have a 100% service-connected, permanent and total disability, and who occupies the real property as his/her primary place of residence.

The surviving spouse of a Veteran eligible for the exemption shall also qualify for the exemption, so long as the death of the Veteran occurred on or after January 1, 2011, the surviving spouse does not remarry and the surviving spouse continues to occupy the real property as his/her primary place of residence.

In order to receive this benefit the veteran is required to have a letter of disability from the U.S. Department of Veterans Affairs (1-800-827-1000). The letter will have specific wording that is required by the Commonwealth of Virginia for this exemption. The letter will NOT be automatically provided to the veteran, he or she must request this letter. Virginia Form 21-4138 may be filled out and signed in the Commissioner of Revenue’s office and faxed to the Veterans Affairs office to request the letter on your behalf.

The regional U. S. Dept. of Veterans Affairs office is located at 210 Franklin Road SW, Roanoke, Va. 24011.

When applying with the Commissioner of the Revenue for this exemption the veteran must bring:
1. An original letter of disability issued by the U. S. Department of Veterans Affairs
2. Photo Identification
3. Proof of residence of occupancy – Voter Registration Card

Surviving spouse should bring:
1. Approved and original letter of disability issued by the U. S. Dept. of Veterans Affairs (in the event the veteran was not previously exempted from local real estate taxes)
2. Death certificate to confirm the date is subsequent to December 31, 2010
3. A certificate of marriage from the appropriate State office of records
4. Proof of residence occupancy – Voter Registration Card

The above real estate information may shed light on your current state's residence property tax for veterans. 

All information presented is strictly for information purposes.  You are encouraged to conduct your research, contact a professional or seek guidance. 

Learn about Democracy and the legal system via iCivics

http://www.icivics.org/
Former Supreme Justice Sandra Day O'Connor is the Chairman of this nonprofit group promoting education about civics so that future generations can appreciate our democracy.  In an interview about her nonprofit project, she stated that this startup project came out of a need she saw for educating children in America about our judicial system.  There is a handy teacher section as well. 

Handy Budgeting section as well for future public service!

Trick or Treat! Let's not miss a beat!

'Tis the season for lots of things....Fall Harvest Parties, Halloween, Haunted Houses or Weirdness....the main thing is to be safe and have a good time at the festivities. 

Our local police department sends out an advisory for having a safe time, and I can't help but share some tips. 

• Feast on some healthy food prior to trick or treating.  It will keep everyone's energy level up as you make the rounds.  Drink water and perhaps carry a small water bottle.
• Take a picture of your child/ren in their costume.  It's a bonus for their scrapbook AND an immediate photo in case you have an emergency.
• All costumes should be comfortable and made of flame-resistant fabric.  Wearing comfortable walking shoes and dressing in layers for the cool evening is a plus.   Props are for play ONLY.
• Walking with a buddy and/or a group on well-lit streets is important because you are walking in the dark.  Cars driving through neighborhoods cannot react as fast as during the daytime so please use caution when out in the road.  Have a flashlight or other cool lights on your body.  Most pedestrian injuries occur on Halloween night.
• Have cell phone for immediate communication on the adult walking the children through the neighborhood.  If you can, it is wise to register your cell phone with a SMART911 registry. 
• Older children should have instructions on which route is acceptable and a time to be back at the house or meeting place. 
• Homes with outside lights ON and some festive decor are ones to knock on.  Do NOT accept candy from someone's car nor enter a home to get candy.
• Check the trick or treat bag for suspicious looking items. While everyone is handing out candy for fun, there are few who will alter the candy so just be cautious. It helps to know the source of the candy albeit either a neighbor or friend. 

If your loved one is deployed this season, don't let his deployment spoil you having fun.  Besides your stories will enhance his day overseas.  Do attend a Fall Harvest Party and/or throw one with other military spouses.  Take lots of pictures.  There is something magical about creating your costume and then telling a story.  Getting into the fun of the season can take the distance apart factor out of one day of the deployment. 

Carve a pumpkin, create a costume, buy your favorite candy, put up some decorations, and get ready for some fun mixing and mingling with neighbors and the community!  Be safe and that's a great financial perspective to keep in mind.  So don't miss a beat and have a great time trick or treating!

Social Security to pay 3.6% Increase while increasing tax on workers

Inflation is on the rise as is confirmed with the COLA computation that the Social Security Administration utilizes for assessing cost of living measures.  A 3.6 % increase will commence in January 2012.  For the 55 million benefiting from these payments, it will help but not as much as many hope.  The monthly payments will now average $1,221. 

This is the first increase in a few years since 2010 and 2011 saw little to no inflation. 

The average worker is seeing an increase in wages earned.  Over 10 million workers will pay higher taxes as a direct result.  Higher wages and higher taxes means few are getting ahead.  Regarding the the limit as to who pays the Social Security Tax, it is being raised from up $106,800 earned to $110,100 next year (2012) at a 6.2% rate (reduced to 4.2% only for 2011 tax year). 

"Social Security payments increased by 5.8 percent in 2009, the largest increase in 27 years, after energy prices spiked in 2008. But energy prices quickly dropped and home prices became soft in markets across the country, contributing to lower inflation in the past two years." Source

Unfortunately, unemployment numbers remain high so the potential for more social security tax revenue would be higher if the economy picks back up. The question remains if it will, and with the United States entering an election year, it will be a rocky road.  The REAL question is can Americans sustain themselves given the grim economic environment?

Shoppers Beware

With slim sales and a difficult economic environment lingering, retailers are trying many tricks and marketing gimmicks to get you into their store or web site page just to get that sale.  Coupons, promotions and markdowns are among the many tricks of the trade to lure shoppers.  The bulk of shoppers represents the female shopper, who remains the primary buyer for the family.  Interestingly, the average female shopper spends an astounding eight years in a retail store (or the equivalent of 25,184 hours and 53 minutes over a period of 63 years walking with a shopping cart or basket).  Source  That's not how many would like to spend their precious time on Earth or perhaps so since the number one recreation activity is shopping. 

With fewer Americans able to afford certain basics such as medical care or health insurance, it's a wonder that shoppers are tempted when entering stores.  Food, fuel and medical treatment are at a high.  With the world population at 7 billion and greater demand for food coming from developing countries such as China, prices for American basics are going up and will likely continue to rise in addition to inflation. 

What shoppers need to beware of is their personal money managment and that goes back to budgeting basics.  Know what you are going to buy from the store and stick to your list and/or budget the entire time you are there.  Markdowns are tempting, and impulse consumer spending is one way that retailers are hoping to spike their sales short term. 

Omit frivolous spending.  What I mean is for you to rethink your spending behavior.  Reductions in spending can include many things, and below are some suggestions to consider the next time you are in the store or online.

• Take a list of what you plan to buy and stick to it.
• Bring coupons and search for the better deal while in the store.  Yes, get out your calculator and stand there to compute the better deal.
• Ask yourself....Do you REALLY need this item? 
• Walk out of the store and leave the item there.  Sleep on it.  If you realize you need to make the purchase, then return to the store the next day only if this is okay with your budget.
• FREE is not necessarily free...there is a catch to it and sometimes it's more expensive to get out of it than it truly being free.
• If it's too good of a deal and you need to do more research, then walk away. 
• Do NOT let pushy salespeople convince you to make the purchase.  Walk away from them if it is too much harassment.  These people are desperate for sales and are being paid to be this way to you the customer.

The best advice for shoppers is to stay out of stores.  Research shows that the longer you stay in the store, the more likely you will spend money.  To protect yourself and your wallet, it is best to beware of yourself and your surroundings the next time you shop.  If you are tired, hungry or hard-pressed for time, it is probably not a good time to go shopping.  Buying the item with the intent to return it is not the best option because you must make a return trip, the refund may not be what you need financially, or you lose the receipt thus no proof of purchase. 

Beware of how your items are rung up at the cash register.  I was charged $70 for 7 heads of lettuce when I only purchased one.  Had I not caught the mistake, the cashier would have rung me out.  Paying attention to how your purchases are rung up is important.  One tip is to add up your items in the shopping cart and watch them being rung up.  Most of the time, there are no surprises this way.

Being vigilent when it comes to your money and how you spend it at the store will benefit you in the long run.  Beware and be safe in your shopping.  And as I always encourage folks, please buy Made In the USA.

Job Creation

The government seeks to pass a bill that will create 1.9 million jobs when the unemployment number exceeds 14 million.  At what cost is this to the taxpayer?  Will this form of legislation help or hinder capitalism? 

The best way to create jobs is for government to not intervene and for the free markets to solve the problem.  Today, we have more followers than leaders.  Taking a risk is scary.  It is easier to rely on someone else to supply a job or money so folks don't have to develop character and work too hard.  No wonder folks in other countries are winning because people in this country can't fend for themselves.  Socialism doesn't create jobs.  Governments do not create jobs.  Capitalism does!

America needs less government intervention and more people willing to work.  Less drugs and more accountability.  Less wimpy and more hefty!

The film Courageous is perhaps a film overdue for men in this country to watch.  Perhaps it will help many understand the importance of doing what is right especially for your family, community and ultimately your country.

Layaway, A Popular Option as eLayaway Enters Household Names

Military families as well as federal employees have a new opportunity this season to pay cash (not debt) for Christmas.

eLayaway is an online layaway financial services company that has partnered with Centralized Strategic Placement (CSP) to make this possible.  CSP's Exchange Shopping Program (CSPEX) include active and retired U.S. military and other Federal employees authorized to shop at AAFES (Army & Air Force Exchange Services) and other U.S. Department of Defense online stores. Additionally, eLayaway will be offered to CSP's retailers, distributors and manufacturers.  (See Article)

Walmart is joining other retailers in offering layaway. 

A surgence in traffic is increasing because of the economy when it comes to layaway.  Perhaps more people are being smarter about their spending behavior or have lost much and are financially strapped to make ends meet this season.  Whatever the case, it is a great financial alternative to the credit card.
As those who have taken Dave Ramsey's Military FPU will say, it is best to stay out of debt, and this online elayaway option fits the bill for those seeking creative financial ways to accomplish financial budget goals.

eLayaway is a publicly traded company. It's FREE to join.  A few of their affiliates include the Apple Store where you can make payments on a new Ipad2 for as low as $72.50 per month.  Others include Best Buy, Joanns (for those crafty people!), Bass Pro Shops, The Disney Store, and many more. 

A neat idea is to pay from $2.19 to $9.91 a month for a gift card good for retailers such as Walmart, Target, Talbot's, Best Buy, Marriott, Budget or even Applebee's.  Gift cards are a popular present to give, and by making montly payments, it doesn't blow your budget. 

Giving the gift becomes two times better since you are giving you and your family the gift of staying debt free while affording a nice gift.  Of course, giving the gift of your time and yourself is priceless.

Third Quarter Results for Alfa Sugar

As of September 30th, Alfa Sugar has had 1,491 hits since inception.  This little blog has seen an increase in activity, and for the month of September, we experienced 401 pageviews.  While a slim number compared to other great blogs, Alfa Sugar hasn't posted as much this past quarter as hoped.  Our traffic continues internationally from US, UK, Canada, Germany, Romania, Singapore, India, Russia, Hungary, Australia and other countries.  Our top three articles are 1) No Pay if Fed Shutdown Occurs  2) What is Alfa Sugar? and 3) Concurrent Retirement and Disability Pay for our Veterans. 

Emphasis continues on military money matters.  I am a firm believer that women need to develop more confidence when it comes to money matters, especially military wives who endure the challenges of maintaining the homefront while their spouse serves. 

Also, I have a soft heart for veterans and intend to get caught up on conducting research on military financial matters.  Future article(s) are in the queue. 

Alfa Sugar is conducting investment research and analysis for future publication.  It's an exciting time in the financial markets where supply meets demand.   Many struggle to find employment and make ends meet while others get by with what limitations they've got.  I pray that you may find peace and contentment with whatever you have for there are things that money cannot buy.  I've been blessed with finding this gift of blogging and aspire for achieving the next level.  If you make an attempt to contact me, please leave a voicemail message as I am difficult to get via phone.  E-mail is another great way to get a question or comment through to Alfa Sugar.  Thank you for stopping by my blog.

Unemployment vs. Employment

Companies are not hiring those who are without a job!  I learned of this interesting finding via the news yesterday and became greatly disturbed.  If a person is unemployed, they are readily available to work and will probably work 10x harder. 

A disturbing trend because of the economy is that employers are letting go their employees who are underperforming and are hiring better job performers.  Perhaps this shakedown is trickling to an end; however, the bleak times for many continue as many taking unemployment and still seeking a job are closing in on 2 years. 

College graduates and those new to the workforce are even more challenged because of little to no experience.  How can one obtain work experience when no one will hire them?

Military spouses are dealing with similar issues; however, because of PCSing and other challenges, many military spouses are challenged to find decent paying jobs.  Colleges and universities are like sharks, more than ready to take your money but the promise of a job to offset the costs of education is what prevents many from doing this.  There are scholarships and educational discounts for military and their spouses; however, you must submit applications which can take more time than is realistic for the military person.

In this troubling economic time, it is difficult to find encouragement.  The only recommendation that I can write is to not give up, keep networking and applying for jobs, and be more open to taking a job that is perceived to be lower on your list.  Perhaps digging deep and working hard will build character in you in ways you least expect. 

WILLs and survivors

It is wise for everyone to have some form of a Will in place regardless of the size of the estate.  For military, this document is usually done prior to deployments.  It is important to update all records every 2-3 years for active duty military just because a lot can happen and change within a short amount of time.  For most, it is wise to do a review of your estate upon the death of a loved one such as a spouse or child, the new addition to the family (such as a baby or adopted child), or a significant increase in holdings in the estate (i.e., those who have won the lottery which is usually 1-2% of the entire population). 

For those considering how to divide the estate, the best way is to EQUALLY divide the estate among your children.  That way all children are recognized.  Being equally divided sends an important message that the money/assets do not matter and that that child was fully recognized by their parent albeit past issues. 

Of course, for your estate planning needs, it is wise to hire an attorney to draft this legal paperwork should there be any concerns.  JAG can answer many of these questions for the military person.  It is wise to consider the source of your information and do your due diligence.  Relying on one person's advice for a major decision is a high risk proposition.  That is why asking and seeking the information from several sources is wise to make sure that you are able to have your last wishes communicated well.

While no one wants to deal with end of life issues, it is wise to complete the paperwork.  You will sleep better knowing that it is all done.  Your heirs will also relax knowing that they are in good shape.  It is money well spent especially when all can get a good night's rest.

Soldier of Finance - Women NEED this!

USAA's blogger of the month is Soldier of Finance's Jeff Rose, a former Army man and financial planner.  His blog presents some good mental approaches for military folks to address their finances.  I love his blog page for women, SOF for Women, as it reinstates from a male how women MUST learn about finances.  His statistics are well worth reading as women control over 60% of the money matters in today's modern society. 

Realistic Tips on Today's Social Security Benefits

Social Security is a program instituted under President Roosevelt in the 1930s (many immigrants believe it to have always existed but that is not the case).  It is in dire need of reform as it's Trust Fund is predicted to go bust.  While my grandparents benefited from it and were able to enjoy a better lifestyle while in retirement than working, today's retirees are not enjoying the same benefits from 30 years ago. 

This Smart Money article Things Social Security Won't Tell You is very interesting and is why I've added this information to Alfa Sugar for your information gathering purposes.   As always, please conduct your own research because laws and legislation change frequently. 

For those currently in retirement, it may prove wise to return to work and increase your income.  I understand that employers are not hiring older workers (even with all the laws in place to protect this class of worker).  By increasing your income, you could increase your social security benefit. 

Same goes for those who are close to retiring but not there....it is wise to continue to work another year or two before retiring.  Financially speaking, you would benefit in the longer run from Social Security should it not go bust.

For those younger and working in the workforce, it is wise to save for your retirement.  Relying on the government to take care of you is foolish financial thinking.  For those Americans who are collecting on Social Security Disability (yes, that number is higher this year than in years past), it is imperative to note that you are only hurting yourself in the long run if you truly are capable of working. 

You can be unemployed and retired.  There is a class of people age 60 and older who are collecting unemployment checks because of the sour economic times.  If it's any consolation, the government is not gaining more revenue because of poor econimic times.

Bottom line is an increasing financial divide between hardworking producers and folks not working but getting handouts from the government.  This mathematically will not sustain itself in the long run. 

While past generations were able to reap a double digit percentage return on money paid to Social Security, today's worker is looking at double digit percentage loss on funds paid to Social Security.  It is government so we by law must pay this tax.  However, many Americans will not appreciate this problem, and for some, it comes at a time of too little, too late.  Reforming Social Security is a major item for anyone in government to undertake.  While President George W. Bush attempted to reform it as well as other politicians, it is that 90,000 pound gorilla problem that will take lots of sweat and agony to address.  Until then, it is wise to be realistic when it comes to your retirement and your present day financial situation. 

Commemorating 9/11

Given the 9/11 anniversary coming up soon, many of us Americans are already reflecting on what's become of that historical change in our nation's history.  Terrorists attacked our country.  Normally, this is a declaration of war, but since the enemy is cleverly hiding, it's challenging to fulfill that traditional sense of war. 

Can you recall where you were and what you were doing on September 11th?

Many of us can.  Many of us mourn the loss of lives during this significant change in our nation's history.  Many of us remain leery of future attacks.  Life has changed. The days of showing up at the airplane are very different from today's strip down to get through airport security.  In some ways, it's more expensive to go and do certain things today than 10 years ago.  That is why many got a wake up call and took a lower paying job to be closer to home to have more time with the family.  More stories are evolving as time passes.

It is important to honor those lost on 9/11.  May God Bless America. 

Military Discount in Orlando, FL

Nickelodeon Suites Resort

Nickelodeon Suites Resort is proud to welcome active and retired U.S. military travelers and their families with some military discounts in Orlando, Florida, including reduced room rates and perks through December 15, 2011.  There is also a 20% discount off of a Family Suite through December 23, 2011. 

According to the company, you can make the most of your family time with rewarding military specials for Orlando’s most active family resort!  Rates start at $99 so be sure to research your final prices before booking.  They also offer 10% off food and beverages, 4-D Experience films and cabana rentals.  This is Military Appreciation, and isn't it a nice opportunity?  To book your stay and for more information visit www.nickhotel.com/military or call 877-NICK-111 and ask for the Military Family Package.

Note:  Alfa Sugar is not endorsing this special military discount, just sharing information. 

Military Retirement Concerns From New Legislation TALK

According to the Air Force Times article written by Andrew Tilghman and his staff, the plan to overhaul the current retirement setup is outraging many military folks. 

The proposal unveiled by the Defense Business Board, a Pentagon advisory group, aims to save more than $300 billion over 10 years by transforming the traditional 20-year pension into a corporate-style 401(k) savings account. Under that plan, the military would contribute cash to individual troops’ accounts, possibly about 16 percent of basic pay per year.

The plan would dramatically shift money from the roughly 19 percent of the force that serves 20 years or more to earn an immediate lifetime pension and give much of it to the 81 percent of mostly enlisted troops who leave after four, six or eight years with no retirement benefits. Critics said the plan would devastate retention and jeopardize the quality of the nation’s all-volunteer force.

If the above holds true, then many currently in the military will no doubt be disappointed and frustrated about the amount of time given and not the optimal return monetarily. 

Regardless of what occurs, many military people as well as their spouses and family members need to learn more about finances and how to better manage their financial affairs.  It is obvious that the government is not capable of properly managing the military member's best financial interest when it comes to retirement.

Politics will always present new bills, new legislation, and new changes to many things that will affect the military member.  No one likes change especially when it pertains to finances.  What is important to note is to get financial advice, to read a book on the topic and to manage your financial affairs.  Retirement and saving up for it matters more so today than in years past. 

Military Wives, Get Support!

It's amazing the amount of military wives groups that are surfacing. 

For those in the military close to a base, the opportunities to connect with other military wives is plentiful.  MOPS groups, local FRG groups as well as other groups on base are great. 

For those military wives who are in the guard or reserve and are not near a base, there are other groups evolving such as Wives of Faith, Homefront United, Wives in Bloom, and PWOC.   

There are conferences now for military spouses such as Wings for Women. 

The financial perspective is what you put into it is what you get out of it.  Most groups are interested in FREE activities.  Perhaps the cost is a cup of coffee from Starbucks, the price of a meal at a restaurant or even travel costs to attend a conference or meetings.  Child care costs are an additional expense unless a family member or friend can provide that service. 

Military wives live a unique lifestyle that is important in more ways than they even realize.  So often, the comment from most is "I could never do what you do."  These comments, though meant to be kind, are the worst kind to make because that military spouse is thinking the same thing.  Instead, it is wise to thank that person for their commitment to their husband who serves and to please thank him for his service to his country.  Even more important is for military wives to get support from others experiencing similar walks in life.  The groups mentioned above are a starting place, but ultimately it comes to the individual's willingness to reach out and make a connection.  It's worth it in the long run.  May is Military Spouse Appreciation Month and is a great way to celebrate military wives. 


 



Ideas for informal military wives gatherings:
*Meet and Greet (local coffee shop)
*Scrapbooking or hobby
*Service Project - Military Care Packages
*Facebook
*Get tips on surviving the deployment or how to communicate with your spouse
*Read a book and talk about it
*book clubs

Military Care Packages that CAN make a difference

It can be a small or big gesture....whatever the case may be, any U.S. citizen that can reach out and show that they appreciate the sacrifice and willingness for a military member to do what they do is outstanding.  While there are many opportunities to send military care packages, many folks still ask "What can we do?" or "How can we send a military care package?".

Here is some current information below.  While this may change over time, the thought being conveyed is always welcomed.  For example, I sent a card to a wounded soldier and he wrote me a thank you note.  Just that small gesture allowed him an opportunity to see what a difference he made in someone's life even though he doesn't know me.  If everyone did it, then those small gestures of appreciation would go unnoticed, but given today's world, it is monumental when there is that wonderful outreach. 

Any Soldier

Operation Worship

Soldier's Angel Facebook

USO

Troop Care Package (prebundled service)

CamoHuggies for Operation HomeFront

From a TN FRG announcement

Huggies has created a limited-edition Little Movers camo diaper that will be distributed exclusively in Walmart stores across the country. You can dress your baby cute for a cause and help support military families. Operation Homefront will get one diaper for every box of Huggies sold, up to 300,000 diapers. 

Walmart has joined in the excitement and has added a commitment of up to 200,000 diapers to be given to Operation Homefront as part of a postcard campaign; military families will get one diaper for every postcard sent during the campaign, up to 200,000.

The campaign runs now through December 31, 2011 or until a goal of 500,000 free diapers for military families has been reached. The camo diapers come in sizes 3 (16-28 lbs), 4 (22-37 lbs), and 5 (over 27 lbs).  All sizes retail for $19.77 per box.

Thanks so much to Kimberly-Clark and Walmart. For more details, go to www.huggiescamo.com. 

Seeking Financial Advice in Today's Changing Time

In speaking with a young lady at the gym, she and her husband are working hard to save up for retirement.  Both do not have children.  Both are maxxing out their 401k.  Both are working jobs.  Both are concerned about what is evolving in the future.  She has even gone to great lengths to research banks, their rates, and other comparisons in a fancy and well-documented spreadsheet.  I was impressed because the bulk of women I meet are not as sophisticated in understanding their finances.  She simply was asking questions and trying to get some answers. 

Like her, many folks are seeking financial advice but not getting much of any relevant information from bankers, financial advisors or others. 

For military folks, you can contact OneSource for financial advice.  USAA offers financial advice on its member web site page. 

I am certain that there is a person who has the heart of a teacher and a passion for finance to talk to about this topic in your area.  Problem is seeking them out and feeling comfortable. After all, the three taboo topics are religion, politics and finances.  Breaking the silence and disclosing your financial situation is intimidating, but then again it can help you in ways you least expect. 

Food Stamps on the Rise

Altogether, there are now almost 46 million people in the United States on food stamps, roughly 15 percent of the population. That's an increase of 74 percent since 2007, just before the financial crisis and a deep recession led to mass job losses.  U.S. becomes Food Stamp Nation but Is It Sustainable? 

Interesting article about a rising consequence of inflation, unemployment and other challenges that U.S. citizens are experiencing. 

Military families are just as challenged as those working for Walmart. 

Send a Military Care Package that is worth it!

At Survival Straps, I found these cool products but most impressive is their Military Care Packages for $19.95.  You can send a soldier overseas a care package that will definitely make a difference.  Go to SurvivalStraps Military Care Packages.

Standard & Poor's Lowers USA Long Term Rating to AA+ For First Time in 70 Years

On August 5, 2011, the Standard & Poor's Rating lowered the United States of America's long-term sovereign credit rating from AAA to AA+ for the first time in 70 years.  Regarding its short-term rating, the S&P affirmed the A-1+ rating.

Why is this significant news?

The USA is officially entering a new financial era that reflects upon the current behavior and cultural trend that has been evolvling perhaps since the 1960s.  Given the August 2, 2011 passage of the Budget Control Act Amendment of 2011, the US fiscal policy has assuaged immediate concerns about any immediate threat of payment default as the US government continues to encounter political governance that is less stable, less practical and less cooperative between political parties to resolve matters of most importance.  In other words, the United States is heavily debt-laden, and the question of the currency and its valuation to repay the debt is of grave concern.

Standard & Poor's report presents sound financial rationale and perspective on the current outlook.  It is well worth anyone's time or effort to read these unbiased facts.

Concerning military personnel, it is going to be a rocky road between now and 2012 as the government debt burden will go higher and as the baby boom generation marks its draw on social security, medicare and such.  Cuts and reductions are on the horizon for civilian discretionary spending, defense and Medicare. 

Donald Marron presents more interesting financial perspective.  Moody's and Fitch have affirmed the USA's crediting rating at AAA while China's Datong credit rating agency lowered it earlier this week to negative.  Donald is right to expect more US downgrades regarding debt.  There are five countries in the past 30 years who have regained an S&P AAA rating so there is hope for the US to regain this rating but it will come at political crossroad that many are very VERY concerned about.

There will be more news reporting (as well as hype).  Political parties will blame the other.  The American consumer is awakening to a reality that has been evolving for quite sometime.  Question is Will our elected officials in Congress and the Administration be able to work something out?  I am pessimistic at this juncture and am discouraged for my husband and all the men and women who work in the military as well as those hardworking Americans who do work, who do do the right thing and who do NOT sit on their buts and let someone literally feed them with every materialistic item out there.  We may even see taxes rise on both incomes and investments in ways we've not seen for awhile. 

For many who serve in the military, it is likely that many cutbacks will occur as the defense department will downsize the military (now I do not know this for a fact....this is only my opinion).  Perhaps it is raising the military to be more sophisticated and effective by doing more with less.  If you read the Forbes article on where our next corporate America managers are coming from, it is the military.  I believe that serving in the military will rise in prestige as Americans begin to appreciate the high level of quality, education and training these men and women have received.  Life for the military spouse will become more isolating.  Reliance on social networking and certain other networks will increase with importance for the military families. 

Regarding finances and military pay, it is challenging for many to make it without dual income, and for many military spouses, that's challenging to have a career as the military relocates you and your family every 2-4 years. 

In a previous blog, I posted information for disabled veterans and those who have served our country about the Concurrent Retirement and Disability Pay (CRDP). Qualified disabled military retirees will get paid both their full military retirement pay and their VA disability compensation as stated earlier this year.  I believe that there is elevated risk as to how our disabled veterans will be compensated.  There is not much research or information surfacing about this all important financial issue (something that frustrates me for our fallen comrades).  I find it strange that the US government would not provided proper financial support; however, those who were most skeptical about the War in Iraq do not view favorably our disabled veterans and admonish this liability that could potentially increase in costs for many years to come.  I hope that there is a rise in foundations, non-profit groups or grants for disabled veterans that will lend financial assistance and offset an increasing negative sentiment from those who served.  (Currently I am working on another blog article about CRDP).

The best gift that any and all of us can do is to pay off your debt.

Perhaps by starting with the little details that don't seem to really matter we can make a difference and alert Congress and the Administration to the importance of paying off our debt.  Eventually, the S&P credit rating for this wonderful country will rise back to AAA status (or as Warren Buffet eloquently stated....we've been at a AAAA+ rating only to see the slight pullback to AAA).

Shop Back to School & Get Tax-Free Savings

It's back to school time.  Summer is wrapping up yet again.  Many of my dear military friends have PCSed, moved, relocated or taken a new job.  Change is inevitable.  Some change is good.  Some change is difficult to accept.  Some change is not the way I had hoped.

This weekend is tax-free weekend in Tennessee.  Perhaps other states and areas offer this opportunity for folks buying back to school items to save.  Buyer beware on certain items as some are part of the tax free category and some are not.  Each state is different so be sure to check with your local state government. 

Ironically, many retail stores are desperate for your business and are offering to pay state sales tax on any item you purchase. 

Keep in mind that some items made in another country may not be complying with federal regulations.  For example, Crayola is the only product that I purchase when it comes to crayons, sidewalk chalk, markers or other items that my children will use.  It is important to not sacrifice price for your child's well-being.  Yes, certain crayons or sidewalk chalk contain harmful chemicals and several children are known to have develop a severe allergic reaction that is unexplained and leaves the parents skeptical about what to do.

There are several children's consignment sales offering back to school items for Fall/Winter.  This is a great way to make affordable purchases that are tax-free.  Your local Goodwill store, Salvation Army, or other Thrift stores may also offer tax-free savings. 

For us military folks, it's great to enjoy tax-free purchases on certain items while still having to pay a commissary fee or other.  I am certain that there are deals at your local AAFES stores so double-check your prices and see if Walmart or others will match the price. 

Regarding online tax free savings, it depends.  I don't know of any at this time of publication.  On-line buying is convenient and great.  Beware of shipping costs because that is what will up your cost in the purchase.  Some vendors are offering free shipping or site to store free delivery.  I opt for that one over paying shipping costs any day.

International military families may be challenged with certain back to school supplies.  While I am unfamiliar with some items, it is good to go to such sites as Wives of Faith Facebook page or other military related web site pages and even blogs for more specifics. 

Best of luck as you and your family go back to school this fall!  Whether is homeschooling, local public school or base school, and/or a private school, I wish you great success.  Study hard and make people in your country proud!  It's an international world now when it comes to education.

Financial Fallacy

This morning's news echoes what many are questioning....why is the United States developing a financial fallacy with regard to its debt and just common sense management of govenment business?  I believe that the S&P 500 will lower our AAA credit rating. 
For many folks especially the military, this is discouraging news.  I have a difficult time turning on the tv or internet and read these bleak reminders about all the arguing in Washington DC.   Since I can recall back to the 1980s, it made sense to payoff the debt before it went on a credit spiral.  Today, we are experiencing a credit spiral. 

This wonderful capitalistic country is on the verge of something none of our American ancestors would want for us.  These seven points below outline general financial perspective as we encounter an economy that is teetering on the edge of a potential financial disaster.

1. Inflation - we will experience higher inflation than in previous years.  The purchasing power of the dollar is dismal in this type of economic environment.  For those in retirement or about to enter retirement, it means a lower quality of living since the cost of living standard (just to maintain present day cost of living) will be a challenge.  For military families, it means hardship because many are challenged financially.  Relocation with the military is expensive, more so than what people realize.  While there are items provided for, it's still a challenge for many to meet budgets.
2. Jobs - what jobs are being created today?  Manufacturing ventured overseas starting in the 1980s, and today there are fewer manufacturing jobs left in this country.  (Many work part-time  jobs with little to no benefits.)  For those 55+, the ability to get a job is on the decline as youth versus experience is the preference.  For those in the military, there are some cutbacks occurring that will force military families into civilian world and that may mean unemployment.  One couple has been struggling with employment for three years now, and it's a direct result of his military reserve status. 
3. Discouragement - if you shop local pawn shops and thrift stores, you will see a huge increase in traffic buying clothes, shoes and other basic necessities.  Pawn shops are packed full of merchandise such as guns, guitars, jewelry, tools, electronics and more simply because people need money to get food and provide shelter and transportation.  This increased level of activity spells out to me the increasing discouragement that we as a nation are enduring.
4. Money - many are working longer hours with increased job responsibilities for the same amount of pay (or less).  Benefits such as health insurance are changing and costs are rising.  More are having to pay out more in medical expenses than before.  It makes me rethink picking up the phone and calling the doctor's office before incurring that bill.  The bad fact is that I never know what kind of bill I am looking at with medical expenses even when it is for the same routine checkup.
5. Children - parents spend a lot on their children.  With an increase in cost of living, we may see a resurgence of family nights where folks play games or we may see more children left by themselves because of daycare costs as well as working longer hours.  Children consignment sales are very popular as you are able to beat certain thrift stores for good clothing.  Sports activities and other extracurricular activities may see less enrollment because let's face it, budgets are tight and people are tired of these overcompetitive parents yelling at the games.
6. Pets - the animal control centers are seeing an increase in loose pets as a direct result of the economy.  People move and leave the pet wandering to survive on their own.  Pet stores continue to see sales rise; however, more animals are being put to sleep.
7. Nursing home care and hospice - as the bulk of our US population enters the Golden years, it is raising concern for the quality of care.  The elderly are experiencing certain financial challenges. Nursing homes are claiming that elderly person's assets before allowing Medicare to kick-in and are even holding family members financially accountable going back seven years.  In addition to financial challenges, it is common for families of loved ones in nursing homes to encounter abuse of loved ones.  For example, a nurse aid contacted all family members and asked for money for their loved one.  She did not realize that the family she was conning was one full of attorneys, military officers and educated people who called her bluff.  While her jail time was next to nothing, she will try this again. 

While the outlook appears bleak and discourages those of us who are hardworking, exercise our right to vote as a U.S. Citizen, and are doing what's right (i.e. not into drugs or other bad behavior), it is important to understand this season of life that the United States faces.  Who knows, we may be revisiting the time of Ninevah where a higher power is exerting influence to get our attention.

COLA - Military Retirement Concerns

COLA or cost of living adjustments is a measure that affects military retirees.  COLA change could affect retiree benefits article by Rick Maze presents interesting financial perspective on what's evolving.  Keep in mind that Congress has to approve the increase legislatively each year.  There's been a lot of talk about this issue online.  COLA explained shows the current COLA track and how we have seen a strong inflation uptick since March 2011.  Some military retirees appreciate getting something.  Others are critical of Congressional pay/benefits.  Some others dislike lawmakers and the usual disappointment that comes from these issues being handled by government.  Whatever the case, it's important to understand what is in store for retirees.

Interestingly, one blogger posted the following information about pay/benefits for Congress people.
Members of the House(speaker gets $223,500), Senate(except for majority and minority ldrs who get $193,400) and VP all get the same salary. $174,000/yr. Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation. Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS. As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. Members of Congress under FERS contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes. Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension. The amount of a congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.  This blogger provided a lot of financial perspective here.  Other bloggers echo the concern that Congress people earn six-figure incomes and don't take a paycut during a serious financial time while military personnel don't get compensated in as fair of a manner. 

I respect people who serve in public office to a certain degree.  I respect fellow military personnel and their families as they relocate their lives to different parts of the world, endure financial hardships, make a sacrifice for the good of their country and even will make the ultimate sacrifice.  Both people serve this nation in ways that we need of their service.  John Adams was a great statesman, and his marriage is one that I am in awe of.  Historically, it was a high calling and an honor for someone to serve in public office.  Today, it is discouraged by many.  Homeschooled children tend to seek ways to influence politics more so than traditionally schooled children today.  I present these facts as perspective as there is great history and much to learn from those who came before us.    Perhaps we are returning to some tried and true methods from our American heritage. 

With retirement drawing near for many or retirement to occur in 30 years, it is important to understand how your military retirement will benefit you.  For many on fixed income, it is wise to revisit your budget.  While costs continue to rise, many have tight budgets that limit more so than before what one is able to afford and/or go and do.  Whatever the case may be, it is wise to work with a financial advisor, friend or someone who is good at number crunching.   I constantly revisit our budget each month, and in looking back on past budgets from years past, it amazes me at how we make it happen regardless of our limited income.  Happiness comes from the things in life that money can't buy.  It's so nice to afford things and not worry about making ends meet.  Yet, sometimes, it's the little things in life that remind us of what it is that we need to do in our life.

2012 Military Pay Outlook & US Government Shutdown

According to Military.com 2012 Pay News - The president's 2012 budget request includes a proposal for a 1.6% military pay raise for 2012. While slightly larger than last year's military pay increase, the 2012 proposed military pay increase would be the second smallest in 50 years.

Concerning all the political and current news being reported, I am leery of what's to come next.  Our current economic climate is seeing some positive signs such as manufacturing has picked up according to the Institute for Supply Management.  Leading economic indicators look good as a recovery appears stronger and stronger since the 2009 dip.  Housing has yet to see any improvement as personal income is down.  While personal consumption is up according to the US Dept of Commerce, I suspect that it is the usual Amerian tendency to spend with a credit card or other debt.  For those military members interested in managing their financial affairs better,  I would determine a household budget based on current pay and then computer another budget based on the 2012 military pay proposed above.  While military personnel and their families should NOT endure the stress of  getting paid, it is important to get out your calculator, pen & paper, and/or computer to determine your spending plan.  Military wives especially need to lower their spending habits because it is amazing the unlimited choices relative to your limited financial resources.

In the article Why Put Military Pay At Risk?, it lends perspective on general sentiment.  That this political talk is WRONG. 

Accordig to Rick Maze of the Air Force Times, Rep. Hunter is trying to get Congress to pass HR 1551 where military pay would be guaranteed.   To date, there are 39 co-sponsors of the bill.  The challenge is the debt ceiling and what the US Government intends to do regarding this $14.3 trillion debt issue.  There is a financial risk involved with guaranteeing such a large amount of money for any business situation let alone government.  However, the military is a different matter when it comes to government and certain financial obligations.  There are other budget cuts that should occur before reducing military pay (the above small increase in military pay 2012 is a political statement that is an insult to hardworking and underpaid military personnel and their families) such as fourth generation welfare recipients who have a refridgerator, cable tv, a wii or playstation, and these electronic food stamp cards where purchases include beer, wedding cakes, steaks and other.   I personally do not have cable tv nor a wii or playstation.

As of this blog publication, there is no guarantee that military pay will occur should the government shutdown occur.  I am sorry to type this because it is just wrong.  Historically, this has been a challenge for past armies and military troops throughout the ages (the Romans and others).  It is critical to pay your military because if you look at history, it is a telling tale.

Second Quarter 2011 Report

This second quarter at Alfa Sugar has seen some serious ups and downs.

First, the No Pay if Fed Shutdown Occurs article generated a high amount of interest where there were 490 hits in one day alone. (Over 600 in a two-day time period)

With all-time pageviews topping 807, it's been a neat second quarter.  I appreciate the readership interest and hope to square away current business activity and return to more writing.  This time of year proves to be busier than norm for me so that is why not as many articles have been published. 

Top three articles for this second quarter at Alfa Sugar include the following:
1) No Pay if Fed Shutdown Occurs
2) What is Alfa Sugar?
3) a tie between
Concurrent Retirement & Disability Pay for our Veterans
&
American Families Reunite this Fourth of July

We have an international audience representing the following countries:  the United States, United Kingdom, Canada, Germany, Romania, Singapore, India, Hungary, Russia, Turkey as well as a few others. 

American Families Reunite this Fourth of July

Is your American family eating meals together?  What types of conversations are you having?  Is it fun or unpleasant?  Do both parents work?  What kind of attention are children getting these days?

These questions among many others present a rude awakening to some families that they are not a united team.  Some may blame the busy schedules such as work or sports.  I know of many families stressed to the point of yelling at their children or driving themselves nuts just trying to make it on time to a sports event for their child.  One dance recital was scheduled on a Sunday morning which is unbelievable to me since the majority of patrons denounced this and some refused to participate in their child's dance recital (that's just WRONG in my mom book). 

Divorce rates are high and could be higher were it not for high attendance at marriage classes and Sunday School.  The divorce attorneys are eager for more business as the same sex marriage act passed in New York (unbelievable since few remain committed to the same partner for very long...a research fact that I am not making up). 

Fathers need to be around and are important.  Over 70% of black babies are born to single mothers (as many are incarcerated or are in gangs soon to be incarcerated) [Bringing up Boys by Dr. Dobson].  Strong male leadership is low, and men lack etiquette.  More women earn degrees and fill up those colleges and universities. Even the Washington Times article on Guys got it Made?  Think Again is garnering some attention here.  Where is the man in America?  It takes two to make a family function.  It takes a man to step up and be the leader of the family. 

Mothers need to cool it and be.  Women are a wonderful breed and adapt well to multitasking.  Frustration levels are high due to working, weight gain, stress, depression, and yes, finances.  For some, men are not around and the working mom struggles to do it all.  I read Mary Kay's book You Can Have It All and that is for the overachiever.  Most of us are just trying to do the basics.  No mom can have it all and expect her family to stay in tact unless she is my hero of a superstar.  (There are some out there).

Problems such as drugs, addictions (ex. the computer, the blackberry, overcommitment, drugs, alcohol, sex, or other), and other major problems lead to more negatives than positives.  Please consult your church or a professional.  While I write this online, you have a choice to make things better.  Help may not be readily available but you can start simply by taking things one minute at a time.  Not easy but it will get better with patience and believing in your decision to do better. 

With more families struggling to be these days, it is important that American Families REUNITE and do things together. 

• Stop the insane running around to playdates. 
• Stop checking your blackberry every two minutes...it can wait. 
• Stop and think about your lifestyle choices.

For many, it took 9/11 to understand the wake-up call and adjust real quick to what was happening within their family unit.  It's okay to make less money and have MORE time with your family.  It's even better when you can play a family game and not have the phone interupt.  Focus on the Family has some great literature as well.  The financial perspective presented here is that no amount of money can buy what a blessing your family is. 

By spending time with your family, you can enjoy no costly divorce bills, no excessive spending to make up for the pain you caused yor kids or no nightmare fighting with people you gave your heart to.  Even more important is rebuilding the American family to redo what is evolving in our country....the breakdown of the family. 

This holiday weekend, I wish everyone a joyous celebration and encourage you to reunite your American family.  Nothing fancy but a phone call and say hey let's get together because we can!  I challenge you American Families to Reunite!  God bless you all.

Wedding Season: Is the Happy Couple Financially Ready?

It's wedding season.  Is the happy couple financially ready?

Most couples when they tie the knot haven't reviewed some important financial items when they marry.  Granted in today's American culture, more than 70% of couples marrying have been living together.  I could not believe this statistic when I read it in the Wall Street Journal's article The Gifts on Every Wedding List by Sue Shellenbarger.  What amazes me is how much time, effort and attention to detail each couple getting married spends on the wedding registry as well as wedding planning and yet they tend to overlook certain matters such as finances and debt.  Setting up house is just as important as setting your financial affairs in order.  With today's couple marrying in their late 20s, each has had an opportunity to accumulate some items as well as some debt or savings. 

First, it is important that you both review your last tax return statement, your investments and financial statements, your debt (credit card, student loans, auto loan, etc...), your assets and your income(s).

Second, once you've determined your combined net worth statement, it is important to review your financial goals for before, during and just after you marry.  Are you planning to buy a house and have two condos to sell?  Do you have $120,000 in student loan debt?  Are you working your way through college?  Are you paying for your wedding?  Where you both are and where you plan to be after you marry is important to review, determine a financial game-plan and then forecast how you aim to achieve this financially.

Third, it is important to decide as a couple how you both plan to go forward from your wedding day.  Will you both relocate to a new city and be a first-time homeowner?  Will you merge your salaries and pay off those student loans?  Is one of you returning to school while the other works to support you both? 

Fourth, upon review of your goals, dreams and/or plan, then it is wise to develop a spending plan.  How much money will you have coming in?  How much money will you have to spend on your relocation?  How much will you need to purchase that house?

Finally, once you've reviewed this initial game plan, then it is wise to seek accountability with a financial advisor, a parent or trusted person, and/or your premarital counselor.  Gaining wisdom from those who have been married a long time will enhance your decision-making for the early days of your marriage. 

I recently read the book The Family CFO: The Couple's Business Plan for Love and Money by Mary Claire Allvine and Christine Larson.  It's a neat book that I wish my husband and I had when we were merging our households together.  Now I am not going to do a book review here, but merely offer it as a good resource to read and check out.  I've read also Dave Ramsey's book Financial Peace and really appreciated the approach to marriage from both couple's perspectives.  Regardless of how you start your marriage, it is important to get some good premarital counseling and discuss your fianances. 

BTW, if you do not get good quality premarital counseling, then I highly recommend that you seek another way to get superior premarital counseling....Our minister just saw with us for three sessions and it was too vague, broad and general for what modern couples need.  We should have pursued another premarital setup that went into great detail.  Marriage is never easy and having this kind of opportunity to work on premarital issues will really make you and your soon to be spouse at ease during your wedding years.  For those in the military, it's easy to marry and walk into marriage so please contact Military OneSource as well as the base chaplain for more ways to better prepare for marriage. 

From a faith-based perspective, I strongly advise couples marrying today to study what the Bible says about marriage, understand your role as husband/wife, and seek ways to work on your marriage.  It is important to pray for one another.  It is important to spend time together as as couple.  It is important to communicate well.  It is important to manage your finances well together.  In reading the Biblical Marriage, it reminds all readers that the most important relationship in your life is your spouse.  It can provide the most joy and happiness and yet it can provide the most pain, heartache and lasting scars of any relationship.  More people are delaying marriage until their late twenties.  There is nothing wrong with marriage at a young age as long as the people in love go into it for the right reasons. 

Marriage is a wonderful institution where a man and a woman commit themselves to each other, and their wedding day is when that commitment is made public.  While everyone loves to see a beautiful wedding, the wedding dress, the flowers, the reception, and all the other fun and exciting things that go with each wedding, it is a distraction from what's important.  A man and woman are getting married.  Focusing on this union is what's important.  I wish each Couple-To-Be great happiness.

This is Part One on this article and I will write Part Two and post later. 

Unemployment Number Raises Alert to Investors

As the unemployment number is reported today, the bleeding scene on my computer confirmed the stock market's sentiment regarding it.  Economic Woes Slam Stocks is a good recap.   If you read this article on CNBC by Patti Domm, you will see how concerns are elevated. Next Tuesday when the Fed Chairman speaks will be very interesting.

Calls coming in about how Obama has messed up the economy are happening in homes across America.  All I know is that the current economic conditions particularly from a financial perspective are of significant concern.  After Jobs Data, is Q3E a Go?  is a good article highlighting a shared sentiment amongst many. 

Wall Street Endangerment

If you click on this link to review this write-up The Risks Are Enormous  then you will read and hear some common sense talk surfacing about Wall Street, Interest Rates and a probable Depression.