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Savings

Wednesday’s need-to-know money news

August 26, 2015 By Liz Weston

mortgage2Today’s top story: How getting a mortgage just became easier. Also in the news: Downsizing to save your retirement, handling major financial disruptions, and how to avoid or minimize bank fees.

4 Ways Getting a Mortgage Just Got Easier
The process has become slightly less stressful.

Can Downsizing Save Your Retirement?
Smaller living can protect your retirement.

How to Handle a Major Financial Disruption
Prepare in advance.

9 Ways Consumers Can Avoid or Minimize Bank Fees
Banking is getting very expensive.

5 Things You Should Never Do With a 401(k)
Protect yours for the long term.

Filed Under: Liz's Blog Tagged With: 401(k), banking fees, downsizing, mortgages, Retirement, Savings, tips

Q&A: The value of associate degrees

August 24, 2015 By Liz Weston

Dear Liz: Please continue to encourage people to look into two-year technical degrees. I got my associate’s degree in mechanical engineering and in my first job earned more than my father.

Later I worked for a company that made touch-screen point-of-sale terminals. Time and time again, I trained waiters who had bachelor’s or master’s degrees but couldn’t find better jobs. I now work for a large computer company and have folks sitting around me with those same higher degrees.

Answer: On average, people with two-year degrees are paid less than the average four-year degree holder. One in four people with associate’s degrees, however, earns more, according to the Bureau of Labor Statistics.

These jobs are often in the technical and health fields. Four of the BLS’ 30 fastest-growing job categories require two-year degrees. Those positions include dental hygienist (median annual earnings of $70,210), diagnostic medical sonographers ($65,860), occupational therapy assistants ($53,240) and physical therapist assistant ($52,160).

Other well-paying jobs with good growth prospects requiring two-year degrees include funeral service managers ($66,720), Web developers ($62,500), electrical and electronics drafters ($55,700), nuclear technicians ($69,060), radiation therapists ($77,560), respiratory therapists ($55,870), registered nurses ($65,470), cardiovascular technologists and technicians ($52,070), radiologic technologists ($54,620) and magnetic resonance imaging technologists ($65,360).

Filed Under: College Savings, Q&A Tagged With: associate degrees, college, q&a, Savings

Thursday’s need-to-know money news

July 23, 2015 By Liz Weston

retirement-savings3Today’s top story: Why you cannot afford to become complacent about money. Also in the news:The financial steps you need to take after your spouse dies, how to get into a money-saving mindset, and why getting your debt in order is essential for a good retirement.

5 Ways Complacency Can Cost You Serious Money
The importance of staying on your toes.

Financial steps to take after your spouse dies
Protecting yourself during a difficult time.

3 Tips to Stay in the Money-Saving Mindset
Changing money habits could result in big savings.

Don’t Let Debt Blow Your Retirement
Getting your debt in order is essential for a good retirement.

Filed Under: Liz's Blog Tagged With: complacency, debt, financial steps, Retirement, Savings

Monday’s need-to-know money news

July 20, 2015 By Liz Weston

air-miles-cardToday’s top story: How your medical debt impacts your FICO score. Also in the news: Signs your parents are victims of a financial scam, what you need to know when hunting for scholarships, and how to fly first class on the cheap.

The Impact of Medical Debt on FICO Scores
A new formula treats medical debt differently.

5 Signs Your Parents Are the Victims of a Financial Scam
Older adults are more susceptible to scams.

Everything You Need to Know When Hunting for Scholarships
Helping your kids on the road to college.

How to fly first class for free (or on the cheap)
Bargain your way out of coach this summer.

Filed Under: Liz's Blog Tagged With: college, Credit Score, elderly, FICO, financial scams, medical debt, Savings, scholarships, travel

Friday’s need-to-know money news

July 10, 2015 By Liz Weston

Today’s top story: The benefits to joining a credit union. Also in the news:Image9 When to sign up for a financial advisor, apps that will make next year’s taxes easier, and how to build your credit from the ground up.

6 Perks You Can Get at a Credit Union
Free checking!

When To Sign Up A Financial Advisor
Knowing when it’s time.

10 Apps to Use Now to Make Taxes Easier Next Year
Help is just an app away.

6 Ways to Build Your Credit From the Ground Up
Needing credit to get credit.

6 Ways You’re Cheating on Your Budget
Removing your hand from the cookie jar.

Filed Under: Liz's Blog Tagged With: apps, building credit, Credit, credit unions, financial advisors, Savings, Taxes

Thursday’s need-to-know money news

July 9, 2015 By Liz Weston

thumbs_up_mature_woman-resized-600Today’s top story: Phone calls that can save you money. Also in the news: How to slash your tax liability in retirement, handling the financial challenges of caring for aging parents, and a guide to repaying your student loans.

4 Phone Calls That Can Save You a Ton of Money
Savings could be just a quick phone call away.

5 ways to slash your tax liability in retirement
Keeping more money in your pocket.

How to handle the financial challenges of caring for aging parents
Navigating through tough waters.

The A-to-Z Guide to Repaying Your Student Loans
All your repayment options.

Would you trust a robot with your finances?
But still no flying cars.

Filed Under: Liz's Blog, Uncategorized Tagged With: Retirement, robot bankers, Savings, savings tips, Student Loans, tax liabilities

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