Our first article looked at some of the immediate aftermath of your car accident, from the busted glass to your busted heart over a crash involving your old wheeled buddy. The good news is that, if your car isn’t totaled, your insurance company pays to fix it– if you know your options and negotiate smart.
Your credit score is like the GPA of your finances. To get better financial options in the future, you should know your credit score and how you can improve it if necessary.
Your credit score plays a role in almost every financial aspect of your life. Banks check your credit score to determine whether or not to approve you for credit and how much you pay in interest charges. Your landlord may ask for your credit score for your lease application, and more and more employers are interested in it as a way to measure how responsible you are.
What’s on your dream list? A yacht? A Lamborghini? Or a house in a summer resort? Well into your career and financially secure with extra money to spend, you now look for a treat, a reward for all the hard work of your youth. Advisors, however, have some important caveats for you when you plan to make such luxury purchases.
Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.
The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.
The West African Ebola outbreak has made headlines. Should you be afraid of this hideous disease? I’m off for a trip to Africa: Should I be afraid? No and no. Unreasonable fear should not deter you from travel.
While shopping can make you happy for a while, it has the potential to hurt your financial future in the long run. What is ominous is that half of Americans shop to feel better.
“It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. But if shopping is a significant way to relieve stress, the expression isn’t so funny.
One of the challenges at the beginning of a romantic relationship is having the conversation about money. What questions are OK to ask, and when? How do you bring the subject up without seeming like a braggart, a coldhearted miser, or someone looking for a meal ticket?
There really ought to be some rules of etiquette for exploring this essential topic; something like, “by the third date, it’s appropriate to start undressing financially.” Unfortunately, we don’t have such guidelines.
It isn’t how much you earn that makes you rich, it’s how much you keep — your net worth. And it isn’t how much you are worth that makes you happy; it’s what you spend it on.
Like maintaining your physical health, finances fitness takes consistent effort and discipline.
The pace of recovery makes most investors edgy, yet regardless of the short-term pains, the years leading up to 2020 promise to be big, exciting and rewarding with all the opportunities surrounding technology and innovation.