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Liz Weston

Monday’s need-to-know money news

May 12, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Why you should ditch your debit card. Also in the news: Knowing when it’s okay to co-sign for a loan, how much credit card debt is too much, and 3 common mistakes when choosing an insurance plan.

5 Expert Reasons to Ditch Your Debit Card
Why some believe credit is better than debit.

How to Know When It’s OK to Co-Sign a Loan
Do a little soul-searching first.

Do You Have Too Much Credit Card Debt?
How much is too much?

Choosing an insurance plan: 3 common mistakes
Looking beyond the deductibles.

Filed Under: Liz's Blog Tagged With: co-signing loans, debit cards, Insurance, Loans

Money rules rock

May 9, 2014 By Liz Weston

Zemanta Related Posts ThumbnailThe more you learn about personal finance, the more you realize that “one size fits all” advice doesn’t really fit all. There are often too many exceptions, too many differences in upbringing, personality, culture, financial situations and goals to confidently say, “This is what everyone should do.”

Yet at the same time, people want clear direction. Give them too much information, and many just freeze up. Rather than do the wrong thing, they do nothing–which may be the worst thing of all.

So I was delighted to read about an MIT study that found rules of thumb helped small business owners more than teaching them accounting standards. The simple approach produced “economically meaningful improvements in business practices and outcomes,” according to “Keeping It Simple: Financial Literacy and Rules of Thumb.”

That gives me hope that the “money rules of thumb” pieces I write might actually help you get ahead. With that in mind, please click through to read my latest column for DailyWorth, “7 Money Rules You Need to Know.”

 

Filed Under: Liz's Blog Tagged With: financial literacy, money rules of thumb

Friday’s need-to-know money news

May 9, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: When the best times are to both purchase airfare and to travel. Also in the news: An under-the-radar retirement risk, five ways to avoid ATM fees, and how white lies about money can leave you deep in debt.

Best Days to Travel, Buy Airfare
Flying at certain times of the day can save you money.

The biggest retirement risk no one talks about
What happens when our minds begin to slip?

5 Tips for Avoiding ATM Fees
Where you do your banking could make all the difference.

5 Little Money White Lies That Can Leave You in the Red
Don’t get caught by these untruths.

The Only 3 Money Principles You Need To Know
Three principles to better your financial health.

Filed Under: Liz's Blog Tagged With: ATM fees, Retirement, Savings, tips, travel expenses

Thursday’s need-to-know money news

May 8, 2014 By Liz Weston

imagesToday’s top story: Four ways to help teach you kids about finances. Also in the news: The best jobs for the future, how to not let debt collectors ruin your life, and how to save money on the summer’s big music festivals.

4 Analogies That Help Teach Children About Finance
Making a complicated subject easier to understand.

Best jobs for the future
Time for a career change?

Don’t Let Debt Collectors Ruin Your Life
Being in debt is stressful enough.

5 Ways to Attend Summer Music Festivals on the Cheap
More money for t-shirts!

Maximize Your Grocery Budget With the Inverted Pyramid Method
It’s not as complicated as it sounds.

Match.com Babies Can Win a College Scholarship
Yes, you read that correctly.

Filed Under: Liz's Blog Tagged With: careers, debt, debt collectors, grocery budget, jobs, kids and money, savings tips

What Mom really wants on Sunday…

May 7, 2014 By Liz Weston

Massage of shuolder…is a day at the spa, according to a poll commissioned by Insure.com.

About two out of five moms picked pampering as their top choice for a purchased gift. A family getaway was the next most popular option, preferred by about one third of respondents. Gift cards, a nice dinner out, a romantic getaway, chocolates and breakfast in bed were other favorites.

As for the day itself, the majority wanted to spend time with the whole family and preferred homemade presents from their kids.

Appreciating Mom means appreciating all the things mothers do, which offers a natural segue (at least for personal finance types) to a discussion about the importance of life insurance. That’s part of the Insure.com post as well. The idea is that if Mom weren’t around, you’d have to not only replace her income (assuming she works outside the home, as most mothers do) plus hire someone to perform at least some of the many tasks she accomplishes each day.

But “Hey, Mom, I bought you some life insurance!” doesn’t really have the right ring to it. So look into getting insurance, but book the massage as well.

Filed Under: Liz's Blog Tagged With: gifts, Insurance, Insure.com, life insurance, Mother's Day, mothers

Wednesday’s need-to-know money news

May 7, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: How to create a post-college financial plan. Also in the news: Tips for safe shopping online, how to protect your child from identity theft, and eight questions to ask a home inspector.

8 Tips for Creating a Post-College Financial Plan
As graduation approaches, it’s time to get serious.

5 Tips for Safe Online Shopping
Recent massive security breeches have shoppers on edge.

A Mother’s Day Guide to Keeping Your Child’s Identity Safe
People of all ages are at risk for identity theft.

8 Questions to Ask Before Hiring a Home Inspector
Buying a home is stressful enough.

Filed Under: Liz's Blog Tagged With: financing, home inspector, Identity Theft, new home, online shopping, safety, Savings

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