Today’s top story: Why putting things off until tomorrow can become expensive. Also in the news: Tips on college scholarships, how to have peaceful conversations about money, and how to break the cycle of living from paycheck to paycheck. I’ll Do That Tomorrow: The High Cost of Procrastination on Personal Finance Doing it tomorrow can […]
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Monday’s need-to-know money news
Today’s top story: How to keep track of your spending while using multiple credit cards. Also in the news: Scrutinizing promotional offers from credit cards, how to make your student loan payments manageable, and the one tax move you need to make right away. How to Keep Track of Your Spending on Multiple Credit Cards […]
Q&A: Credit cards vs student debt. Which should be paid off first?
Dear Liz: I have $8,000 in savings. Should I use it to pay the accrued interest on federal student loans that go into repayment soon? Or should I pay credit card debts of $662 at 11.24%, $3,840 at 7.99% and $3,000 at 6.99%? Answer: Pay off the credit card debt. The interest isn’t tax deductible, […]
Q&A: Will having no debt affect our FICO score?
Dear Liz: My wife and I have paid off our mortgage, we have no car loans, and we pay our credit card balances completely each month, which means that we basically pay no interest. We have four credit cards that are active and a couple more that are rarely used. My FICO score is currently […]
Q&A: Which work years determine Social Security?
Dear Liz: My wife and I are both 59. We expect to retire in two or three years. We would not take Social Security until probably 67 because we will not need it when we retire. But would our Social Security benefits be less because we do not work for those five years before applying […]
Friday’s need-to-know money news
Today’s top story: Could the dreaded selfie stop credit card theft? Also in the news: The pros and cons of tuition reimbursement insurance, tips on how to avoid losing value on gift cards, and Home Depot’s credit card breach is the biggest one yet. Could Selfies Stop Credit Card Fraud? Could having your picture on […]