Thursday, August 11, 2011

This is habits That Can Sink Your Marriage

Can you spot a good marriage? I was pretty sure I could, starting with my own. My husband and I rarely argued, we had similar careers, we shared common interests. Things weren't perfect, but we seemed to be humming along in harmony better than most other couples we knew. In fact, nobody was more surprised than we were when our 17-year marriage ended in a New Jersey divorce court.

It turns out, though, that the signs of trouble had been there all along, if only I'd known what to look for. Instead, I was judging my marriage by the wrong standards—which, I've since learned, most of us do. In one now-famous study, researchers asked therapists, married couples, and others to watch videotaped conversations of ten couples and try to identify the relationships that had ultimately ended in divorce. The results were abysmal—even the therapists guessed wrong half the time.

So how can you diagnose the health of your relationship? Armed with huge volumes of data on married couples, scientists have identified some simple but powerful indicators that can help couples recognize marital strife long before their relationship hits the skids.

The Way You Were
Imagine a couple that go hiking on their first date. In a happy marriage, the wife might tell the story this way: "We got terribly lost that day. It took us hours to find our way back, but we laughed about how neither of us had a good sense of direction. After that, we knew better than to plan another hiking trip!"

But if the relationship was stressed, she might tell the story this way: "He lost the map, and it took hours to find our way back. After that, I never wanted to go hiking again." Same story, but instead of reflecting a sense of togetherness—using pronouns like "we" and "us"—it's laced with negativity. Research has shown that analyzing what's known as the marital narrative—the way you talk about the good and bad times of your early years together—is about 90 percent accurate in predicting which marriages will succeed or fail.

Had I been paying attention, my own how-we-met story could have told me a lot about how I was feeling in my marriage. Early in the relationship, when asked about our first date, I recounted a magical evening that ended with a walk around the Texas capitol building in Austin. I often laughed about the fact that I was limping the whole time because I'd recently had surgery on my foot. But later in my marriage, I changed the story slightly, always adding, "Of course, he didn't even notice."

Fight or Flight
When my husband and I first married, I felt lucky that we almost never fought. But studies show it's a mistake to judge the quality of a relationship by how much or how little you argue, particularly in the early years.

University of Washington researchers studied newlywed couples and learned, not surprisingly, that those who rarely argued were happier in the relationship than those who fought often. But three years later, the findings had reversed. Couples with an early history of bickering had worked out their problems and were more likely to be in stable marriages. The couples who'd avoided conflict early on were more likely to be in troubled relationships or already divorced.

Obviously, fighting that includes violence or verbal abuse is never acceptable. But most marital spats represent an opportunity to resolve conflicts and make things better. "We need to learn to tolerate conflict in our relationships," says Carolyn Cowan, a longtime marriage and family researcher at the University of California, Berkeley. (By Tara Parker-Pope)

Monday, August 8, 2011

6 Ways to Pay Off Credit Card Debt

Are you facing monstrous credit card balances? Unfortunately, there is no quick-fix solution to get out of debt, despite what solicitors or infomercials might have you believe.

There are some tried-and-true methods for paying down debt. However, it's staying committed to your financial goals, not necessarily how you go about it that matters most, says Gail Cunningham, spokeswoman for the National Foundation for Credit Counseling, a nonprofit organization.

Consider the following debt reduction techniques and determine which method motivates you most.

No. 1: The "snowball" method.
"When it comes to paying off debt, we need to be more concerned with behavior modification than math," says Dave Ramsey, author of "Total Money Makeover" and host of a nationally syndicated radio show, "The Dave Ramsey Show." His solution is the "debt snowball" method, which involves paying off debts from smallest to largest, regardless of interest rate. "Pay off the first debt quickly, and it gets you fired up to do it again and again," he says.

Ramsey believes the "snowball" method is for every type of consumer. "The only time that you should pay off a larger debt sooner than a smaller one is when you owe the IRS, or if you are trying to stop a foreclosure," he says. "Other than that, everyone should focus on paying the smallest to the largest debt."

No. 2: Pay the most expensive balance first.
If you are someone who is really motivated by numbers, you will realize the account that is doing you the most damage is the one with the highest interest rate, and you'll take great pleasure in paying that down, says Cunningham.

"Also, if the account with the highest interest is utilizing more than 30 percent of that credit line, focus on paying that one off first to get it under that threshold," she says. Doing so will improve your credit score since debt utilization, which is how much you owe compared to how much available credit you have, is an important factor in determining your score. The lower your utilization is, the better.

No. 3: Do a balance transfer.
Cunningham says if you're considering doing a balance transfer, you should first get out your calculator. "There are certainly fees associated with transfers, so you want to make sure the lower interest rate offsets the fees. You can be a savvy consumer and make that tool work for you if you're very disciplined," she says.

That means you'll need to fight the temptation to use that newly cleared card, while also committing to paying off the balance you moved over in a timely manner, says Deatra Riley, financial education manager at CredAbility, a nonprofit credit counseling and education service. "Balance transfers are a waste of time if you do it with no plan of action," she says.

Riley recommends dividing the total amount owed by the number of months for which the zero interest rate applies, and making sure you can fit that monthly payoff amount into your budget.

No. 4: Keep debt where it is.
Ramsey warns that moving debt around is only putting a temporary patch on your financial wounds. "The danger of moving credit card balances is that it's easy to start thinking you've actually done something to address the problem," he says. After all, you still have all that debt to pay off.

According to Riley, it's also important to keep in mind, especially if you plan to apply for any type of loan in the near future, that opening a new credit account will negatively affect your credit score for the short term.

No. 5: Grow your emergency fund.
In its 2011 Consumer Financial Literacy Survey, the NFCC discovered that 33 percent of Americans have zero dollars in non-retirement savings. "They are one flat tire away from financial distress," says Cunningham.

When an emergency does happen, the cost may mean adding to the current debt load, borrowing from friends and family or forgoing other expenses.

Cunningham advises against wiping out savings to pay down debt, especially if you're not confident about the security of your job. Instead, she suggests keeping a "rainy-day cushion of at least one month's income" in an emergency fund.

No. 6: Use some savings for debt reduction.
If your debt is overwhelming, you might decide to dip into your savings. Just don't bleed it completely dry, says Ramsey. "I always recommend having a $1,000 emergency fund while you get out of debt. Emergencies will happen." You don't want to put yourself in a position where you have to borrow money for the unexpected, he says.

Once you are debt-free, says Ramsey, then you can shift your focus onto building an emergency fund that will cover three to six months' worth of expenses.









A Debt Reduction Breakdown
TechniqueProsConsWho it's good for
Debt snowball methodGet motivated every time an account balance reaches zero.On paper, it's not the most financially sensible.Those motivated by small successes.
Balance with highest rate paid firstYou'll save more over time.Must be very focused, and stick to a rigid payment plan.Those motivated by interest savings.
Balance transfersWill allow you to save on interest, so you can pay off the principal faster.Opening a new account can hurt your credit score in the short term.Determined risk-takers.
Savings-focused"Rainy day" money means you'll be prepared when emergencies arise.Savings account interest is less than the interest on your debts.Potential layoff victims.
Debt payoff-focusedThe feeling of relief that comes with a clean slate, and an improved credit score.If an emergency occurs and savings cannot cover it, you may be forced to borrow.Anyone who's consumed by their debt.

(S)

Tips for Finding Unclaimed Property

Are you thinking that you could sure use that electric company security deposit you left behind the last time you moved? Or, maybe you found a safe-deposit box key in the bottom of a drawer but don't have the vaguest recollection of where the box might be and what's in it.

There may still be a way for you to get your hands on those assets.

For just about every category of unclaimed property, there is a government lost-and-found department. You can usually search for and retrieve your missing property for free by going directly to the agency responsible for its safekeeping. Based on a review of several government agency websites, the process typically involves looking for your name on a list, completing a claim form, having it notarized and presenting some type of documentation proving you are the rightful owner of the assets.

Here are five examples of the kind of lost loot that might turn up when you start searching.

Property Is Held in State Repositories
All U.S. states and territories and the District of Columbia have programs that help owners of unclaimed property find those assets. According to the National Association of Unclaimed Property Administrators, there is at least $32.8 billion worth of unclaimed property in state custody.

The list includes checking and savings accounts, stocks, insurance payments, annuities, utility security deposits, mineral royalty payments and a host of other things you may have forgotten you owned or didn't know were worth anything. Besides assets that come directly from financial accounts, state-held property also may include proceeds from the sale of stocks and bonds, or from safe-deposit box contents sold at auction when it became impractical to store them.

The NAUPA website has links to every state's department in charge of unclaimed property. It also links to MissingMoney.com, a national website in which most states participate.

"If you've moved around a lot, that may be convenient, instead of checking several different states," says NAUPA President John Gabriel. "But if you've pretty much been in one or two states only, it's easier to go directly to those states -- especially if your name is common -- so you don't have to filter through a bunch of (unrelated) stuff."

Find Unredeemed Savings Bonds
If you own or have inherited a matured U.S. savings bond that you never got around to cashing, you may be able to redeem it by going to Treasury Hunt, the U.S. Treasury Department's searchable database.

The Treasury is currently holding about $16.4 billion in matured, unredeemed U.S. savings bonds, says Joyce Harris, director of public and legislative affairs for the department's Bureau of the Public Debt.

Only Series E bonds issued in 1974 and after are included in the database. If you are the heir to the original owner of the bond, you'll need to supply the owner's Social Security number and legal documentation of your relationship to that person to get the unclaimed property. For other types of bonds, Harris says you can fill out a form from the website and mail it in.

Finding Accounts From Shuttered Banks
If you had an account with a bank or savings and loan that was closed by a regulatory agency between January 1989 and June 28, 1993, the Federal Deposit Insurance Corp. may have some money with your name on it. Unclaimed insured deposits are available for as long as the institution is still under FDIC receivership. You may claim a dividend check for an uninsured portion of a deposit after that period if the U.S. Postal Service returned the check as undeliverable. Here's where to find out if you're on the FDIC's unclaimed funds list.

"In the mid '90s, there was a change in the law, (which is) why our database goes only until June 28, 1993," says FDIC spokesman David Barr. "Now, when a bank fails, any unclaimed funds on hand 18 months after the closing are returned to the FDIC, (which) then turns them over to the individual state unclaimed property bureaus."

The National Credit Union Administration's Asset Management and Assistance Center in Austin, Texas, is in charge of paying out members' share accounts whenever a federally insured credit union is liquidated. You can access a list of unclaimed deposits online.

Get Your Tax Refund
Say your income tax refund check got lost in the mail or was returned as undeliverable because you moved. To find out how to get your unclaimed tax refund back, use the IRS search tool that's aptly named Where's My Refund?

You can file a claim to replace a lost, stolen or destroyed refund check once after 28 days have passed since the IRS mailed the check. You may also be able to change your address online to get an undeliverable check resent.

To get information about your refund, you'll have to plug in your Social Security number, filing status and the amount of refund due.

You may also be wondering about a state tax refund. In many states, unclaimed state tax refunds are handled by that state's department of revenue.

The database will only contain information from your most recent tax return. Your chance to claim an old undeliverable refund check expires once you have filed a return for the current tax year, according to the IRS.

Find Old Pension Benefits
If you had a pension plan with a company that went out of business and you haven't heard anything about what happened to your unclaimed benefits, check the missing participants' listing of the Pension Benefit Guaranty Corp.

The PBGC is a federal corporation created to insure private employers' defined-benefit plans. Its database does not include profit-sharing and 401(k) plans.

For 401(k)s, profit-sharing plans and IRAs, you might check the website of the National Registry of Unclaimed Retirement Benefits, which offers free searches of its database.

The payoff for your search could come in the form of an annuity that your former employer bought from a private insurance firm -- money the company deposited in a bank or benefits that PBGC pays you if the company transferred its pension funds to the agency when it closed, according to the PBGC website. You may also file a claim if you are the survivor of the worker who was entitled to the benefits. (S)

Sunday, August 7, 2011

PICS: Emma Watson Tenderly Kissed Johnny Simmons

She has complained that men find her intimidating.

But now it seems Emma Watson has bewitched her latest co-star after they were spotted embracing in Los Angeles.

Emma Watson, 21, looked ‘besotted’ as she tenderly kissed Johnny Simmons, 24, who stars with her in the upcoming £30 million drama The Perks Of Being A Wallflower.

The couple have been spotted together before, but previously it was denied they were in a relationship.

Yet there could be no doubt that they are deeply involved as the Harry Potter star, in a multi-coloured maxi skirt, white sweater and sandals, and Johnny were locked together in a lingering clinch outside a restaurant in Santa Monica.

Emma has fought hard to shake off her prim schoolgirl image after playing Hermione Granger in the Harry Potter films.

And Emma Watson new American boyfriend should suit her purposes well – he has a slightly risque past and even had the odd run-in with the police. His film career includes playing a drug addict and sexually explicit scenes.

Johnny – Alabama-born and brought up in Texas – has a past in the tradition of Southern ‘good ol’ boys’.

He was arrested aged 19 in May 2006 for going at 80mph in a 65mph zone. Two days later he was arrested again for being in possession of alcohol below the legal age of 21 and was fined £350.

Emma Watson and Johnny met on the set of The Perks Of Being A Wallflower in May. (R)

mChip that can tell you if you have HIV within minutes


A portable blood test that can diagnose an infection within minutes has been hailed as a breakthrough in the fight against HIV and AIDS in the developing world.

The size of a credit card, the mChip has proved almost 100 per cent accurate in testing for HIV in Rwanda.
Hundreds of tests using a prototype were carried out in the town of Kigali and returned a 95 per cent accuracy for HIV and 76 per cent for syphilis.

The plastic device, manufactured in the U.S. and developed by scientists at the University of Columbia in New York, costs just $1 (60p) to make.

Lead researcher Professor Samuel Sia said: 'The idea is to make a large class of diagnostic tests accessible to patients in any setting in the world, rather than forcing them to go to a clinic to draw blood and then wait days for their results.'

The mChip uses optics to read fluids by taking a single pin-prick of blood.

It contains ten detection zones which the blood passes through and then returns a positive or negative result for HIV/AIDS or syphilis in about 15 minutes.

The result is presented in a simple colour-coded manner similar to a pregnancy test, making it extremely easy to use and understand.

An alternative is to use a cheap detector box - the 'lab' - to check the results.

The mChip's low cost and efficiency has been hailed as a major breakthrough in the fight against HIV in the developing world.

Drugs to place HIV in remission have long been available but have been deemed too expensive to use on a widescale basis.

The mChip, on the other hand, is extremely cheap, can fit in an aid worker's pocket and produces a result with a high degree of accuracy within 15 minutes.

Researchers are now hoping to increase testing for sexually-transmitted diseases in pregnant women in Africa

Saturday, August 6, 2011

Megan Gale L'Oréal Paris New Face

 
Last night at a gala event in Sydney, L'Oréal Paris announced Megan Gale as the first ever Australian ambassador.

Megan Gale, The 34 year old beauty, who was reportedly still "pinching herself" over the news, said of the appointment, "When you start modelling you have certain goals. For me, it was Italian Vogue, the Sports Illustrated swimsuit edition...but the Holy Grail is a cosmetics contract with a global cosmetics company. For it to come about, and for it to be L'Oréal, I just can't believe it."

Here, we chat to Megan Gale about her new appointment and her top beauty tips.

What is your favourite beauty ritual?
I would have to say applying a really nourishing hair masque or treatment once a week. It leaves my hair looking and feeling amazing. In addition to that, a good night's sleep!

What are your indulgences?
Spending time with my family and friends and the odd glass of really good red wine!

What is your favourite way to unwind and relax?
It would have to be a lazy Sunday afternoon cooking – I love to cook! Also, exercise, meditation and yoga. If my body feels good, I feel good mentally.

Who is your role model?
I take inspiration from so many people in my life, but obviously my family is very important to me. I look up to, as well as seek advice from, the women in my life, especially my mother.


What is the best beauty tip you could give?
Less is more! And always wear sunscreen, as it's the best anti-ageing weapon out there. And smile!

What gives you confidence in yourself?
Surrounding myself with positive, loving and supportive people. My family and friends are exceptionally important to me and I feel very fortunate to have them in my life. But, most importantly, it is about believing in your own energy and strength.

How does it feel to be the very first Australian L'Oréal Paris ambassador?
I'm still pinching myself. L'Oréal Paris has an incredible team of global ambassadors and it is a true honour to join such a distinguished and diverse group.

What are your favourite L'Oréal Paris products?
I love the Elvive Total Repair 5 hair range – the products are all you need to keep your hair in its best condition. I also really love Revitalift Total Repair 10. It's a great all-in-one product and my skin feels fantastic! Also, the fact that both these products target multiple concerns in one solution is brilliant!

Miranda Kerr Shows off Amazing Post-Baby Body

Miranda Kerr makes her first appearance on an Australian runway since the birth of her son Flynn at the David Jones spring/summer show 2011.

Miranda Kerr shows off her amazing post-baby body at this year's spring/summer David Jones parade.

The supermodel confessed Miranda Kerr was nervous about wearing a swimsuit in the parade but got back in shape doing a combination of pilates, yoga and running

Miranda Kerr