Q&A: How to pay down debt

Dear Liz: I am wondering about what to do with some debts I have due to divorce. I make about $50,000 a year and owe $50,000 in credit card debt, attorney’s fees and back property taxes. The good thing is that I own a house free and clear that is worth about $2.5 million. The […]

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Q&A: Social Security eligibility

Dear Liz: I have a few Social Security credits but not enough for full Social Security benefits. My husband receives a check monthly. He is 79 and I am 75. Am I eligible for any benefits at this time? Answer: You’ve been eligible for full spousal benefits since you turned 65. You could have gotten […]

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Friday’s need-to-know money news

Today’s top story: How to fix common credit card problems. Also in the news: Why Millennials are delaying retirement savings, how to get a great deal on a car lease, and how medical debt can affect your credit score. 5 Common Credit Card Problems & How To Fix Them Solutions to common problems. Millennials Crushed […]

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What a Fed rate hike will mean for your finances

The Fed’s decision to boost interest rates – when it finally happens – will not significantly impact your household budget, at least not immediately. Instead, take it as a signal to get your finances ready for the increases to come. “It’s like the first snowfall,” said Greg McBride, chief financial analyst for Bankrate.com. “The first […]

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Thursday’s need-to-know money news

Today’s top story: What to expect from your company’s financial wellness program. Also in the news: What to do if you’re being audited, big life insurance mistakes, and three absolute necessities if you’re buying a home. What to Expect From Your Company’s Financial Wellness Plan Taking cues from physical wellness plans. Getting Audited? 5 Things […]

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Wednesday’s need-to-know money news

Today’s top story: Why you shouldn’t cancel your old credit cards. Also in the news: How to outsmart financial spies, why Millennials should automate their savings, and the biggest money worries in your state. 3 Reasons You Shouldn’t Cancel Old Credit Cards Protecting your debt usage ratio. 12 Tips to Outsmart Financial Spies Be the […]

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Saving money aboard a Disney cruise

In a previous post, I covered ways you can save money when booking your Disney cruise. Here are a few more ideas for saving money while aboard. Keep it simple. A friend who took the western Caribbean cruise booked an excursion at every port—and regretted it. Excursion costs tend to be high, particularly if you […]

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Thinking about a Disney cruise? Read this.

If your kids aren’t bugging you about taking a Disney cruise, then either you don’t have kids or they can’t talk yet. The idea that any child would be immune from Disney’s marketing might is hard to fathom. Disney cruises are pricier than most others for good reason, as I explained this week in my […]

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Tuesday’s need-to-know money news

Today’s top story: The cost of spending your retirement money before you retire. Also in the news: How to build a high credit score from scratch, how to get over spending mistakes, and the boring secret to getting rich. Should You Ever Spend Your Retirement Money Before You Retire? It’ll cost you. 3 Steps To […]

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Q&A: Parental identity theft

Dear Liz: I have been dating my boyfriend for about eight months and he recently told me that his dad took out a credit card in his name when he was a baby. He has about $150,000 in debt because of this! This is a very serious, life-changing crime but my boyfriend is reluctant to […]

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