Credit scores not perfect? Don’t sweat it

Dear Liz: I just bought a home and my FICO credit scores are excellent: 842, 813 and 809. I requested copies of my files from all three credit bureaus, and one of them — which showed me with the lowest score — said the reason my score wasn’t higher is that I had “too many […]

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More mega millions madness: Money pros weigh in

Here’s a recent post from Credit.com where a bunch of us money types hold forth about the lottery: Mega Millions Madness: Money Pros Weigh In (via Credit.com) Let’s face it. When it comes to things like lottery jackpots, personal finance experts and writers tend to be wet rags. We usually put lottery ticket purchases in […]

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You’re not going to win the lottery. But if you do, read this.

With so much talk about the record Mega Millions jackpot, I thought I’d throw in my two cents: First cent: You’re not going to win. The odds are ridiculous. Second cent: If you should win this or any other windfall, even a much smaller one, you’ve got some work ahead of you. If you’ve never […]

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The weekly round-up

Spring break starts tomorrow for my kiddo, so I won’t be hanging out at the computer–we’ve got some serious goofing off to do. Therefore, I’m posting links to some stuff I hope you’ll find interesting, by myself and others, a day early. Bob Sullivan of MSNBC posted a very scary column about how “Hackers turn […]

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Want to know more about Roths? Check out these links

Nearly 150 bloggers so far have contributed posts to the Roth IRA Movement, which financial planner Jeff Rose organized after speaking to a group of college seniors and discovering none of them knew what a Roth was, or how important it was to their financial futures. (It’s “the best thing since sliced bread,” and really, […]

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Save money. Don’t multi-task.

The barista had to ask three times for her order before the woman finally responded. She’d been so busy nattering away to her friend in line that she didn’t notice she was now at the front. And the fun wasn’t over. When it was time to pay, the woman pulled out her wallet and dug […]

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Young and broke? Open a Roth

You young’uns, listen up. Roth IRAs are the best thing since sliced bread. And the best time to contribute is when you’re young and broke, since you won’t always be that way. Here’s the deal: contributions to a Roth don’t give you a tax break up front. But when you aren’t making much money, you […]

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How to find the right rewards card

Dear Liz: Should we get a rewards card? We have excellent credit scores. I’m a stay-at-home mom and my husband has a good, steady job. We spend about $6,000 a month with our debit card or automatic drafts from our checking account. I think our family should have a rewards card. My husband disagrees and […]

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Windfall in your 50s? Don’t blow it

Dear Liz: I am 56 and will be receiving $175,000 from the sale of a home I inherited. I do not know what to do with this money. I have been underemployed or unemployed for six years, have no retirement savings and am terrified this money will get chipped away for day-to-day expenses so that […]

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Spreading the wealth: the number of millionaires grows

More people have achieved a net worth of at least $1 million, not including their primary residences. The Spectrum Group, which keeps track of these things, said the number of millionaires climbed for the third straight year to 8.6 million in 2011 (or 7.5% of all U.S. households). The growth in millionaires follows a 27% […]

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