Failed business loan strains couples’ finances

Dear Liz: We took a home equity loan against our house to open a business in 2006. We also ran up credit card debt for the business. The business went under, and we’re struggling to pay off the loan, which is $150,000 (a $1,150 payment every month), and the credit card debt, which we got […]

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Should daughters be forced to give money to Mom?

Dear Liz: I read with interest your recent column about the filial obligation law possibly coming into effect in California. I hope this is true. I have three grown daughters who make terrific money and who will not offer a pittance to me. I live on Social Security, period. I could really use a few […]

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Tuesday’s need-to-know money news

Today’s top story: Compiling your year-end tax list. Also in the news: What high schoolers need to know about personal finance, smart money moves for uncertain times, and what hip hop can teach us about finance. Your Year-End Tax To-Do List It’s not too late to add deductions. What Do High Schoolers Need to Know […]

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Monday’s need-to-know money news

Today’s top story: Mistakes to avoid while holiday shopping. Also in the news: Maximizing your retirement goals, conversations to avoid during the holidays, and five store credit cards that are worth applying for. 5 Holiday Money Mistakes Don’t let your purchases be driven by guilt. Three must-dos to maximize retirement goals Getting the most from […]

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Wednesday’s need-to-know money news

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Today’s top story: Avoiding panic on Black Friday. Also in the news: Shopping strategies for Black Friday, how to earn the most credit card rewards during holiday shopping, and what to consider before applying for a medical credit card. How to Avoid Panic Buying on Black Friday Keep Calm and Shop On. How to Win […]

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Will you shop on Thanksgiving?

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I once made a disparaging comment to a friend about people who rush the doors of their local retailers to snag Black Friday deals. She told me I was being elitist. I had money to buy nice presents for my family. Many of those waiting in the cold, dark night for the Walmart doors to […]

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Can you be too focused on paying off debt?

It’s probably my Lutheran upbringing that makes me wary of extremism in any form. Moderation in all things, doncha know. Lately, I’m noticing extremism when it comes to paying off debt. People think they’re doing the right thing by targeting student loans and mortgages for early payoff. But they could be hurting themselves if they’re […]

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Tuesday’s need-to-know money news

Today’s top story: How to save on your healthcare costs. Also in the news: Planning a successful retirement, how to handle new found wealth, and nine surprising stats on Social Security. 4 Ways to Save on Healthcare Costs Preparing for January’s change in health care costs. 3 Phases of Successful Retirement Planning Customizing your retirement […]

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Single mom’s expenses leave no money for food

Dear Liz: I’m a single mom with three kids. My mortgage is $1,700. My other monthly bills include $355 for a car loan, $755 for school tuition, $350 for utilities, $790 for credit cards, $200 for gas, $208 for braces and $235 for a 401(k) contribution. This leaves no money for food. I get no […]

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“Look back” rules limit Medicaid transfers

Dear Liz: You had an interesting column recently about the filial responsibility laws that most states have on their books requiring adult children to support indigent parents. I have friends that transferred their parents’ funds to the grandchildren so the parents will qualify for Medicaid. Doesn’t the government see through this scam? Besides being unethical, […]

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