Get smart with your money
Dear Liz: My son is 12 and receives a regular monthly allowance that I’ve been giving to him in cash. I think it might be time for a checking account. I would like to teach him about using a debit card and not overdrawing his account. All the banks that I have called will not […]
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Dear Liz: I am 43 and divorced. I have a mortgage and an auto payment. I fully fund my 401(k) each year and am funding a Roth IRA. I also have emergency savings of $30,000 and a term life insurance policy for $350,000. What I don’t have is children or a spouse. I am thinking […]
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Dear Liz: I understand that creditors eventually write off unpaid debts and receive a federal tax deduction for the loss. Then they sell that “debt” to a collection agency. However, isn’t the debt rendered void by the fact the original creditor charged it off and got the deduction? So how can collection agencies attempt to […]
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Why joint accounts aren’t always a good thing, how to raise financially savvy kids, and the psychology behind overspending. 4 Ways Joint Accounts Can Ruin Your Credit Sharing isn’t always a good thing. 7 Personal Finance Tools Every Kid Should Have Starting your kids off on the right financial foot. ABCs of Obamacare: a glossary […]
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Which debts you should settle before applying for a mortgage, what to glean from your free credit report, and why crowdfunding is no longer just for opening a new coffee shop. The Right Way to Pay Off Debt to Get a Mortgage Which debts you should pay off before trying to get a mortgage. The […]
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Surviving unemployment, the pros and cons of taking a personal loan to pay off credit card debt, and where your state ranks on the list of America’s most debt-free. How to survive a job loss Tips on how to get through one of life’s most difficult times. Use Personal Loan to Cut Credit Card Debt? […]
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Becoming financially savvy at a young age, how to make your money last through your retirement, and how being a football fan penalizes your wallet. Personal Finance Tips for Young Adults The earlier you become financially savvy, the better the payoff. Making your money last through retirement Tips on how to stretch your savings over […]
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Busting credit myths, credit goals for 20-somethings, and the evolving list of what your home insurance will and won’t cover. 6 Credit Myths That Can Wreck Your Finances It’s time to bust some credit myths. 10 Amazing Pieces Of Financial Advice Stuffed Into 1 Cheat Sheet Everything you need on a simple index card. 5 […]
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I’ve been through several recessions now, and they all had at least one thing in common: people complained that the economists who declared an official end to the downturn were out of touch, because it didn’t feel like the recession was over. Recoveries take a while to spread through the economy, which means people experience […]
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A September financial to-do list, the benefits of having multiple bank accounts, and why being cheap could make you more attractive to other people. 5 Credit Mistakes Older Americans Make Paying attention to your credit is especially important as you get older. The Financial Moves You Should Make in September How to prepare for upcoming […]
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