Month: February 2020

2020-02-07T09:01:00

(BPT) – For most people, personal finances are a private matter. When you are in a relationship, it can be difficult to discuss this typically taboo subject. Whether you have been married for years or are just beginning to date, fear of your partner judging your financial choices (big or small) runs deep.

Money challenges can create stress and cause walls to form in a relationship. Financial conflicts have even worse repercussions. Tackling the topic head-on can lead to a deeper understanding of each other’s financial history, emotions and goals for the future.

In fact, talking about personal finance, while not a particularly romantic topic of conversation, builds intimacy in any relationship, according to Amanda Clayman, financial therapist and Prudential’s financial wellness advocate.

Amanda shares the following simple advice to help partners navigate this challenging conversation.

Turn back the clock: Ask your partner about their earliest memories of money. Our relationship with money begins at a young age, and can shape a person’s feelings about wealth (or lack thereof). Talk about money related events that took place in your childhood, the lessons you learned from your parents or other adults, and the way it made you feel.

Explore your money languages: Most couples are familiar with the “Five Love Languages,” which explain how people interpret and show affection in different but equally valuable ways. The same goes for money styles. Everyone approaches spending, saving and managing their money uniquely. Learn about your partner’s preferred strategies without judgment and tell them about yours.

Prepare for differences: Setting realistic expectations going into this conversation is vital for a positive outcome with your partner. You may discover your money style is entirely dissimilar from your partner, which is still progress because what we perceive as conflict is often a pathway toward greater understanding. Resist the urge to pressure your partner into seeing your own view of money and discuss how you can split responsibilities so that you are both comfortable with your financial responsibility.

Don’t stop: This should be the first of many future conversations about money as a part of your overall wellness. Just as you’d periodically check in about your partner’s work, family and health, make a point of asking how they feel financially. With time and consistency this conversation will get easier as your relationship grows.

While it’s easier for many of us to avoid money conversations, it is actually one of the most intimate and emotional pillars in a relationship. When you take a proactive approach, you remove the taboo and help build a strong partnership and better understanding of each other’s finances.

For more information, and tools for investing in your financial wellness and establishing healthy financial habits, visit Prudential.

LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC (“PCS”), an SEC registered investment adviser, Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America (“PICA”). Prudential LINK and LINK by Prudential occasionally may be referred to as LINK.

2020-02-06T16:40:43

(BPT) – In 2018, the average college graduate faced $29,200 in student loan debt — the highest it’s ever been — according to a new report by the Institute for College Access & Success. Recent data from TransUnion shows that more than half of people ages 18 to 24 who have a credit card are carrying a balance.

Teens need help making sound money decisions. One financial literacy program pairs teens with volunteer mentors to create hands-on financial learning. Money Matters: Make It Count, created by Boys & Girls Clubs of America and Charles Schwab Foundation, is celebrating its 16th anniversary. Young people have gone through the program a million times since it started.

Tamara Johnson served as a former ambassador for the program in Santa Fe. Johnson, who earned college scholarships and now practices family law, credits the program for giving her the foundation she needed to take on the responsibilities of adulthood. As a result, she’s debt free.

“While I was an ambassador, so many adults told me how they wished they had started as early as I did in getting the money thing right,” said Johnson. “I would tell any teenager if they have the opportunity to take part in Money Matters or any other financial literacy program, take it. You’ll learn simple steps for saving, and your future self will thank you!”

Johnson offers her top five tips.

1. Respect the power of credit: You know how adults are always saying a bad decision can haunt you for years? That’s definitely true with credit. Bad money habits, like maxing out your credit card or making late payments, will show on your credit report almost right away. It takes seven years before that disappears from your credit history. That can mean paying higher interest rates, being turned down for a loan or not getting hired for a job. Being smart with money helps you avoid the credit trap.

2. Be a saver — it’s never too early to start: What’s the best way to avoid using credit cards? Build a savings cushion, so when unexpected costs come up, there will be no need for a credit card. Any time money comes in — your paycheck, babysitting money, birthday cash from grandma —first pay yourself. Tuck some of it away, and watch those dollars add up. Someday, that money will be there for you when it’s time to buy a car, go to college or rent an apartment.

3. Never start the month without a plan: At the start of the month, sit down and list everything you will need to pay for in the coming weeks. Think about how much you have, what your paycheck will be and do the math to make sure you have enough to cover it. This doesn’t have to be complicated, just a simple list on your phone so it’s always with you. Check in with your monthly plan every week or so, and make sure everything’s on track.

4. Sort out needs vs. wants: Here’s the tough part. Your favorite band is coming to town, and all your friends want to catch the show. But your phone needs a new battery, your car has a flat tire and insurance is due. It’s tempting to raid your savings account so you can do it all. Remember, your spending plan will be meaningless if you don’t stick to it. There will be times when you’ll need the conviction to say no but make room in your budget for the fun things too.

5. Stretch your dollars: You work hard for your money. Let it work hard for you! Before you buy, shop around. Compare prices online, wait for a sale or download a digital coupon. If you’re grabbing lunch, skip the beverage and ask for ice water; then put that money into savings. Smart money moves like these can leave you with a little extra and make it easier to balance your needs, wants and savings.

Creating good financial habits early in life can help you achieve your goals. Parents or teens who’d like to learn more can check with their local Boys & Girls Club, or visit the Money Matters page on BGCA.org.

2020-02-06T11:39:00

(BPT) – Did you get a little too jolly with the credit card this year? Were you so merry you didn’t have time to focus much on your budget? Did the season of giving just keep going and going? Hindsight is 20/20 in 2020 when you overspent during the holidays.

Fortunately, the experts at credit score model developer VantageScore offer a few smart steps one can take to mend the mistakes of the past so you have a brighter financial future.

Step 1: Pay bills on time

When the holidays are over you greet a new year with optimism … until a new credit card bill arrives with a big balance from all that holiday fun. On-time payments are important for maintaining a good credit score, so never miss a payment due date by using online bill pay to designate specific dates or sending in your payment as early as possible.

Step 2: Pay more than the minimum

If you are able to pay off your entire holiday credit card balance, do so. If not, pay as much as you are comfortable doing until you pay the balance down. The Credit Score Quiz can show you how different financial actions can affect your score. You should always pay at least the minimum amount on time every month to maintain a better credit history. Keep in mind, by paying more than the minimum, you’ll cut down on the interest that will compound each month.

Step 3: Budget based on net income

Make 2020 the year you adopt a sound budget that will serve as the foundation of your financial health. Create a budget based on needs versus wants and try to work in a line item for saving as well. When setting a budget, make sure to base it on net income (what you bring home after taxes) rather than your gross income (what you earn before taxes), to get a realistic idea of what you can afford.

Step 4: Check your credit score for free

Your credit score is a good indicator of your financial health, helping to inform lenders of your creditworthiness for things like car and home loans. Knowing your credit score is a good start to managing it well and taking steps to improve it. Visit your.vantagescore.com/free to see where you can monitor your free credit score.

Step 5: Focus on free fun

While the holidays can be expensive, that doesn’t mean you have to continue that high spending in the new year. There are many activities in your area that are free if you explore community offerings. Consider opting for a free museum rather than paying for a movie, or, a hike in the park rather than an expensive day on the ski hill. Then, take the money you save and add it to a savings account. You’ll be surprised how fast these savings can add up!

2020-02-05T11:31:00

(BPT) – Whether you’re focused on fitness goals, a plant-based diet or simply cooking more at home in the New Year, you can lean on beans to help achieve your goals and provide the foundation for a flavorful meal.

The U.S. is the global leader in quality, dry bean production thanks to state-of-the-art harvesting equipment, handling practices and production processes. With more than 10 varieties, U.S. dry beans are renowned for their nutritional qualities and low carbon footprint. Beans require less water and fertilizer compared to other protein sources while also increasing biodiversity. All of these are crucial to reduce greenhouse gas emissions.

To celebrate the cultural and culinary influence of beans around the globe, the Food and Agriculture Organization of the United Nations has declared Feb. 10 World Pulses Day. This event provides an opportunity to recognize the importance of pulses (dry beans, lentils, dry peas, chickpeas, lupins) as nutritional powerhouses and as part of sustainable food production aimed toward food security.

In honor of World Pulses Day, the U.S. Dry Bean Council worked with 15 culinary pros to develop dishes that highlight the flavors of cultures around the world. Here are a few favorites:

Navy Bean Sundal

Recipe courtesy of Priya Lakshminarayan, blogger at Cookilicious.

Ingredients:

1 cup dry navy beans

1/2 teaspoon turmeric powder

Salt

1/3 cup coconut, shredded

2 dried red chiles

3 tablespoon split chickpeas

1 teaspoon avocado oil

2 teaspoon mustard seeds

1 teaspoon cumin seeds

1 tablespoon urad dal

Cilantro for garnish

Directions:

1. Soak dry navy beans overnight. Drain the water the next day, add fresh water. Boil soaked navy beans, al dente in salt and turmeric water. Strain and keep it aside.

2. Dry roast shredded coconut, dried red chiles, chana dal lentils/split chickpeas and curry leaves till the lentils turn light golden brown. Transfer to a blender and grind to a coarse paste.

3. Heat oil in a pan. Once it’s hot, add mustard seeds and cumin seeds. Once they begin to crackle, add urad dal (black gram lentil) and saute until it turns golden. Then add the ground paste and continue to saute for 30 seconds. Add the cooked navy beans and give it a light mix so that the coconut mixture coats it well.

Refried Pinto Beans

Recipe courtesy of Palak Patel, blogger at The Chutney Life

Ingredients:

2 15-ounce cans pinto beans

1 cup white onion, diced

1/2 cup red bell pepper, diced

1/2 cup green bell pepper, diced

4 jalapenos finely diced

1/4 cup scallions thinly sliced

1/2 cup cilantro finely chopped

2 tablespoons taco seasoning

1 teaspoon chili powder

1/4 teaspoon turmeric powder

2 tablespoons oil

1 cup salsa

1/2 teaspoon cumin

Directions:

1. Combine the pinto beans and salsa in a large bowl. Using an immersion blender, puree the beans to your desired consistency. Set aside.

2. In a large pot heat oil over medium high heat. Once the oil is hot, add the cumin seeds and diced jalapenos and let cook until jalapenos have started to soften.

3. Add the diced onions and cook on medium heat until onions are almost translucent, and then add the bell peppers and continue to cook until they are soft.

4. Add the taco seasoning, chili powder, turmeric powder, scallions, cilantro and mix until well combined. Turn heat to low or add a tiny splash of water if the contents begin to stick to the pan.

5. Add the bean mixture to the pot and combine well and cook for an additional 10 minutes. Taste for salt, adjust any seasonings and serve hot!

Tutu de Feijão

Recipe courtesy of Olivia Mesquita, blogger at Olivia’s Cuisine.

Ingredients:

1 pound dry black beans

6 cups cold water, plus more for soaking

2 bay leaves

1 teaspoon olive oil

8 ounces thick bacon, diced

1 onion, finely chopped

3 cloves garlic, minced

1/4 cup cassava flour, or to taste

Salt and freshly ground pepper, to taste

1/2 cup chopped parsley

Directions:

1. Soak the beans overnight: Place the beans in a large bowl and cover with cold water. Cover with plastic and refrigerate overnight.

2. Cook the beans: Drain the soaked beans and transfer to a large Dutch oven. Add the 6 cups of water and bay leaves. Bring to a boil, over medium-high heat, then cover and reduce the heat to low. Simmer until beans are very tender, 1 hour to 1 hour 30 minutes.

3. Instant Pot method: If you prefer using a pressure cooker, combine the beans, water and bay leaves in the bowl of your cooker. Cover and turn the vent to the sealed position. Cook at high pressure for 25 minutes. When done, let the steam pressure naturally release for at least 20 minutes before removing the lid.

4. When beans are cooked, reserve 2 cups of the cooked beans, without liquid.

5. Transfer the remaining beans with 2 cups of the cooking liquid to the jar of a blender. Blend until smooth. If you prefer a chunkier tutu de feijão, you can just mash the beans using a potato masher. Reserve.

6. Heat the olive oil, over medium heat, in a large skillet. Add the bacon and cook until golden brown, 6-8 minutes.

7. Add the chopped onion and garlic and cook until softened, about 2 minutes.

8. Add the reserved cooked beans and sauté with the aromatics for a couple of minutes.

9. Stir in the puréed beans.

10. Slowly add the cassava flour, stirring constantly, until you reach the desired thickness. You might not need to use the whole amount, or you might need more. It depends on how creamy or thick you like your tutu.

11. Season with salt and pepper. Stir in the chopped parsley.

12. Serve immediately.

Discover more recipes at eatusabeans.com.

2020-02-05T14:25:05

(BPT) – Recognizing the symptoms of heart disease — and taking time from your busy life to see a doctor — could help to save your life, just as it did for Zbigniew “Ziggy” Banach.

Banach is a 46-year-old husband and father of two teenage boys, living in Woodstock, Illinois.

Banach began feeling chest congestion and shortness of breath in November 2018. On Dec. 17, he finally visited the emergency room, where he learned he had suffered a heart attack. A heart attack occurs when blocked arteries cut off the supply of blood to the heart.

Banach had four stents placed in his arteries to restore blood flow. The heart attack had caused significant damage to Banach’s heart. As a result, Dr. Hetal Gandhi of the Advocate Heart Institute in Crystal Lake, Illinois, was concerned that Banach was at risk of dying from sudden cardiac arrest (SCA).

Some people confuse SCA with a heart attack, but they are very different. A heart attack victim is likely to feel severe chest pain or other symptoms, just like Banach did. They usually remain awake and can call for help. Unlike a heart attack, SCA has no warning signs, and is likely to leave the victim unconscious and unable to call for help.

SCA occurs when a failure of the heart’s electrical system triggers a dangerously fast heartbeat, causing the heart to quiver or shake instead of pumping blood to the body and brain. The most effective treatment for SCA is an electrical shock (defibrillation). Without treatment, death from SCA can occur within minutes.

For protection from SCA, Gandhi prescribed Banach with the LifeVest wearable defibrillator.

“Major heart attacks weaken heart muscles and put patients at a higher risk of sudden cardiac arrest,” explained Gandhi. “Especially in the first 40 to 90 days of recovery, certain patients may need devices that can respond to and protect them from sudden cardiac arrest. This gives us time to determine a more permanent solution and allows the heart muscles to regain strength after a heart attack. Wearable defibrillators can provide protection and restore a normal heart beat even if a patient is alone or asleep.”

LifeVest consists of a garment, an electrode belt and a monitor. It is designed to continuously monitor a patient’s heart, detect life-threatening rapid heart rhythms, and automatically deliver a treatment shock to restore normal heart rhythm and save a patient’s life. With only five days until Christmas, Banach left the hospital wearing it under his clothes day and night, only taking it off for a short shower.

Just three days later, while asleep in his home, Banach suffered SCA. Within one minute, LifeVest delivered a treatment shock that saved his life. When he awoke the next morning, Banach saw Blue Gel deployed by the garment during treatment and realized what happened. His wife drove him to the hospital, where he received two more life-saving treatments from the vest. On Christmas Eve, Banach received an implantable defibrillator (ICD) for long-term protection.

His family visited him in the hospital to spend the holiday together. Banach tries not to imagine how different a Christmas it could have been.

“I don’t know what would happen if I didn’t have the LifeVest,” said Banach. “I’m grateful I had it and happy to be alive.”

Researchers suggest delays in seeking medical treatment may contribute to heightened risk of heart-related death around the holidays. A person experiencing the symptoms of a heart attack should seek medical treatment right away. According to the American Heart Association, heart attack symptoms can range from slow and mild to sudden and intense, including discomfort in the chest, arms, back, neck, jaw or stomach, shortness of breath, nausea and sweating.

If you or a loved one has experienced a recent heart attack, talk to your cardiologist about SCA and the treatment options available for those at risk.

2020-02-05T09:35:00

(BPT) – As a parent, you worry about your child’s future. Will they be confident enough to weather life’s ups and downs? Will they find happiness and success? How will they navigate their future challenges?

According to research by the American Camp Association (ACA), a traditional sleepaway camp — where a child or teen spends 1-4 weeks away from home — helps them experience growth and development beyond a specialized day “camp” or class.

Rather than spending a week learning computer coding or at a hyper-focused sports camp, a sleepaway camp develops qualities that last a lifetime.

Enhanced self-development

It may seem hard to let your child spend so much time away, but camp can be a huge boost to their confidence, independence and resilience. It also builds social-emotional skills to benefit them through adulthood.

• Confidence comes from doing. A child who must do things on their own, without a parent nearby, learns they can accomplish much more than they thought.
• Becoming self-reliant and developing a feeling of competence comes from attempting — and sometimes failing — until they succeed.
• Learning to persevere through discomfort helps a child feel like they can handle anything, creating resilience.

A camp experience that builds independence, self-reliance and confidence is a huge gift — and parents can give that gift to their children by finding a camp that boosts a child’s sense of self.

For example, Cheley Colorado Camps, a traditional sleepaway camp celebrating its 100th year, is designed to give children a chance to slow down, learn about themselves, connect with nature and explore new things in a relaxed, supportive environment.

According to Brooke Cheley-Klebe, camp director and fourth-generation Cheley family camp leadership, “Parents and campers tell us the camp experience was life-changing. It is not only a mechanism for growth, but an experience that shapes their life in a positive way for years to come.”

Expanding horizons

Being away from home means your child leaves their comfort zone. Sharing space with kids they’ve never met, from different backgrounds, states or countries is also a completely new experience.

Exploring challenging activities expands your child’s world, which can be fun, exhilarating and self-affirming. If your child or teen has never ridden a horse or gone rafting, these activities may stretch their abilities beyond what they thought they could achieve. Cheley campers partake in dozens of outdoor activities, crafts and more.

Trying a variety of new things changes a child’s idea of what they’re capable of — much more than camps focusing on one subject — fostering curiosity, perseverance, a love of learning and inner confidence.

Connecting with nature

As young people increasingly spend time indoors, they lose opportunities to connect with nature and appreciate the beauty around them. Spending time outdoors improves young people’s ability to live in the moment.

Affinity for nature was one of the top benefits of camp found in the ACA study. Sleeping under the stars and exploring the outdoors foster an appreciation for nature that can’t be achieved any other way.

Unplugging from technology

Sometimes it seems like technology and social media have taken over, especially for young people. Giving up technology for weeks may seem impossible, but the results are astonishing. A decrease in anxiety and an increase in happiness are noticeable in most campers when they unplug.

In the ACA research, teens and children who unplugged reported learning how to live in the moment. They stopped worrying about the past or future, instead focusing on their present experiences.

Putting down technology means learning to look other people in the eye. They develop better social skills while reading each other’s non-verbal cues, like facial expressions and body language. Face-to-face interaction is the only way to develop those skills.

Lifelong friendships

Kids at sleepaway camp bond with other campers in a deep, lasting way. Sharing the camp experience creates a sense of community, fostering lifelong friendships.

In the ACA research, children and teens said making new friends was the best part of camp. They — and their parents — said social skills learned from camp helped them develop friendships at school, long after camp ended.

While you may initially feel reluctant to send your child to camp, giving your child this gift can be life-changing. To learn more, visit Cheley.com.