Dear Liz: We took a home equity loan against our house to open a business in 2006. We also ran up credit card debt for the business. The business went under, and we’re struggling to pay off the loan, which is $150,000 (a $1,150 payment every month), and the credit card debt, which we got […]
Recent Blog Posts
Should daughters be forced to give money to Mom?
Dear Liz: I read with interest your recent column about the filial obligation law possibly coming into effect in California. I hope this is true. I have three grown daughters who make terrific money and who will not offer a pittance to me. I live on Social Security, period. I could really use a few […]
Tuesday’s need-to-know money news
Today’s top story: Compiling your year-end tax list. Also in the news: What high schoolers need to know about personal finance, smart money moves for uncertain times, and what hip hop can teach us about finance. Your Year-End Tax To-Do List It’s not too late to add deductions. What Do High Schoolers Need to Know […]
Monday’s need-to-know money news
Today’s top story: Mistakes to avoid while holiday shopping. Also in the news: Maximizing your retirement goals, conversations to avoid during the holidays, and five store credit cards that are worth applying for. 5 Holiday Money Mistakes Don’t let your purchases be driven by guilt. Three must-dos to maximize retirement goals Getting the most from […]
Wednesday’s need-to-know money news
Today’s top story: Avoiding panic on Black Friday. Also in the news: Shopping strategies for Black Friday, how to earn the most credit card rewards during holiday shopping, and what to consider before applying for a medical credit card. How to Avoid Panic Buying on Black Friday Keep Calm and Shop On. How to Win […]
Will you shop on Thanksgiving?
I once made a disparaging comment to a friend about people who rush the doors of their local retailers to snag Black Friday deals. She told me I was being elitist. I had money to buy nice presents for my family. Many of those waiting in the cold, dark night for the Walmart doors to […]