Woods Financial Blog

Financial Infidelity

May 22, 2012

Are you cheating on your spouse? Financial infidelity is another way of saying you spend household money without telling your other half about it. It happens all the time. In fact, according to a new survey by The American Institute of CPAs (AICPA)1, three in 10 adults who are either married or living with a…

Puttering

May 16, 2012

We’ve been waiting so long for good news that we are expecting one day, one report or one leading indicator to come out that will announce: “It’s over! Prosperity is here! Go out and buy a home and ask your boss for a raise. The good times are here again!”   Much like your golf…

Moms, Work, and Money

May 8, 2012

The role of moms in American culture has received more attention lately after a CNN interview in which Democratic strategist Hilary Rosen said that First Lady candidate Ann Romney (mother of five) “never worked a day in her life.” The whirl of controversy that ensued included tweets from both Michelle Obama and Ann Romney reinforcing…

Spending Behavior

May 1, 2012

A college graduate who recently got his first “real” job received this bit of financial advice from his mom: “Don’t spend your money on things; spend it on making memories.”   The gist of this advice stems from what people who live long lives say on their death bed – that the things they treasure…

Are Aging Boomers Our Economic Lifeline?

April 24, 2012

Here’s a statistic that might take you for surprise: For every three older workers, a vacancy for a young person opens up due to the economic wealth older people create.1 That’s the word from Dr. Alexandre Kalache, an expert on the aging demographic and President of the International Longevity Centre in Brazil. According to Dr.…

Headlines, Shmedlines

April 17, 2012

This headline recently caught my eye, “George Bush Sr. Rocks Purple Socks and Quotes Kenny Rogers in His Endorsement for Romney.” The brief article led me to a video at YouTube (linked below) of former senior President Bush’s recent endorsement of the Republican candidate. His wife Barbara sits in and reminds him of Kenny Rogers’…

A Kinder, Gentler America

April 10, 2012

We’ve been through some tough years and many folks are still struggling. While recently we’ve seen signs of economic improvement and a decrease in unemployment, increased gas prices and little movement in home real estate values may still be weighing heavy on our minds.   So with this post we’re focusing on positive stories in…

What Inflation Feels Like

April 3, 2012

If you exclude gas prices, recent data from the Labor Department reveal that inflation isn’t exactly taking off. In fact, food prices were unchanged for the first time in 19 months. The Labor Department reported that the Consumer Price Index rose 0.4% in February after advancing 0.2% in January. Gasoline accounted for more than 80%…

The Scoop on Rising Oil Prices

March 27, 2012

Fidelity Investments is taking a positive view of the recent rise in oil prices – saying it’s due to the economic recovery. In recent years, soaring gas prices have often been blamed on rising military conflict in oil-rich nations in the Middle East. But according to Fidelity, recent activity indicates that the current oil rally…

Social Media and the IPO World

March 20, 2012

Facebook, Zynga, Yelp. Words that held no special meaning ten years ago are now daily news headlines. Social media has pervaded nearly every aspect of our society, from the young to the old, from business to consumers, from virtual to mobile – from elementary school students to institutional investors. Currently, social networking is the most…