Blog   Tagged ‘planning’

Don’t Get Sacked Buying a Big Screen for the Big Game

  |  Posted by

The big game is just around the corner and many people are thinking about buying a new big screen. You may think you’re getting a Hail Mary of a deal, but make sure you’re not getting blitzed. Here are some ways to score the TV you want and advance your financial goals down the field.

Continue Reading
  • Your budget is your playbook. Even if you can’t execute every play perfectly, the closer you can stick to your plan, the more points you’ll put up on the board.
  • Plan out your maximum price, the features you want and the size you want.

For example, when you start looking, you may be thinking about buying a 47-inch TV for $700, but then you find a great 47-inch TV marked down to $500. Then the helpful sales associate says that they have a 50-inch marked down from $1,000 to $750. They say that with the bigger TV you save 300 dollars instead of 250 and you’re still under your budget.

Watch out: they’re going for an interception!

If you have a budget and you spend the full amount, you did not save any money. You were never going to buy the $1,000 dollar 50-inch TV. When you came in the store, you were thinking you’d be happy with the 47-inch model. Remember the play you’re running, buy the size you originally wanted and you’ll have another $250 to put towards saving. 

  • In the NFL, players will watch hours of game tapes to learn about the other team. Do your homework by checking out customer reviews or other trusted sources.
  • That helpful sales associate may also offer you no payments or no interest for months. But even the worst referee would call a flag on this play. These deals often take the form of deferred interest, so if you don’t pay back the full amount in the given time frame, you could owe interest for the entire length of time. Every loan and credit card is different, so be sure to read the fine print before you sign on the dotted line. You may gain 10 yards on the play, but paying a high interest rate can set you back worse than a 15 yard penalty.

Remember, buying a TV is just one play in one game. For saving money, the season never ends. NFL players train their entire life to get to the big game. We save money our entire life to get to retirement. Don’t let spending sideline you. 


John R. Moreau is a product manager for Consumer Loans and Deposits at UMB Financial Corporation. He joined UMB in 2008. Moreau earned a Bachelor of Science from Arizona State University and a Master’s in Economics from the University of Missouri-Kansas City. He is currently pursuing a Ph.D. in Economics at the University of Missouri-Kansas City.

Leave a Comment

Tagged: , , ,

The Plan in Planned Giving

  |  Posted by

Planned giving can be an important tool when planning for the future of your estate. Some may have a desire to give to non-profit organizations, including their alma mater, a medical research project or a favorite youth organization. Whatever your desire, make sure you work with an experienced financial partner that can help guide you through the process to ensure your goals can be met.

Continue Reading

First, what constitutes a meaningful gift?

Quite simply, any gift is a meaningful gift. Many people are under the impression that only the very wealthy can be philanthropic. However, this is not the case. Gifts of any size are greatly appreciated by non-profit organizations, especially now as economic challenges have affected many individuals’ ability to donate while the needs continue to grow.

Motivations for gifting

The reasons for gifting vary greatly depending on the individual. Compassion for those in need, an extension of a religious or spiritual commitment, desire to share good fortune with others and memorializing the lives of others are some of the most prevalent reasons for planned gifts. You should personally evaluate your motivation and goals, and keep them in mind when determining how and when you want to support a cause.

Selecting the “right” organization

There are many worthy organizations, and choosing the non-profit that best fits your giving intentions is extremely important. Once your inspiration for giving has been clearly identified, make a short-list of potential groups. Organizations should be carefully researched and vetted to ensure you are comfortable with the final decision. It’s important to learn about a specific topic or organization, so your philanthropy can be used in a meaningful way. Once one or more organizations have been selected, a financial partner can help you define your vision, determine how the gift will be distributed and then evaluate, when possible, how the gift has been used.

Gift Options

Another item to consider is the type of gift you may want to give. Many organizations have gift acceptance policies, which may exclude certain types of donations. Things like stocks, real estate, art or other items may be quite valuable, but you should have a conversation with the organization first to ensure they are able to accept these types of gifts.  

Planned giving is an extremely meaningful and personal investment. Taking the time to evaluate these types of questions can really help individuals and organizations make the most of charitable gifts.


Jan Leonard is senior vice president and managing director for charitable trusts, private foundations and fine art services. She joined UMB in 2003 and has more than 25 years of experience in the management of private and public organizations. Leonard earned a bachelor’s degree from Arkansas Tech University and a master’s degree in business administration from Ottawa University in Ottawa, Kan. She is also a graduate of the Cannon School of Foundation Management.

Leave a Comment

Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,