Dear Liz: You’re not a fan of prepaying student loans in most cases because the extra money sent to lenders is “gone for good” — it’s not like credit cards, where paying down a balance can free up some of the credit line to be used again. But what’s wrong with paying down a primary […]
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Q&A: How to find an accountant and a financial planner
Dear Liz: Can you offer advice on finding the right accountant for someone doing taxes for the first time after divorce? My husband always handled this. Also, same question for a financial planner for a newly divorced person? It’s all so overwhelming. Answer: It is, and you’re smart to reach out for help. You might […]
Thursday’s need-to-know money news
Today’s top story: How to prioritize debt payments in the pandemic. Also in the news: The fairness of airline fees, the influence of 2020 on investing, and how to avoid paying certain car dealership fees. How to Prioritize Debt Payments in the Pandemic The rules have changed. Ask a Travel Nerd: Are Airline Fees Fair? […]
Wednesday’s need-to-know money news
Today’s top story: 6 rules for first-time car buyers. Also in the news: Buzzy banking apps for kids and teens, getting your bank accounts in order for 2021, and knowing your COVID mortgage forbearance rights. 6 Rules for First-Time Car Buyers Break it down into an orderly process: budgeting, financing, choosing a car and then […]
How to prioritize debt payments in the pandemic
A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been paused on federal student loans. Homeowners can request nearly a year of mortgage forbearance. Credit card issuers and other lenders dramatically expanded hardship programs. Still, many Americans say they took on more debt last year because of the pandemic, […]
Tuesday’s need-to-know money news
Today’s top story: 3 things to know if you’re new to gig work. Also in the news: How to craft smarter money goals in 2021, the do’s and don’ts of getting and using a paycheck protection program loan, and 5 steps you can take to pay off consumer debt. 3 Things to Know if You’re […]