Paul Sullivan had a rough early life: a threadbare home, divorced parents, a lousy school and few prospects. Today, he is a highly regarded personal finance columnist for the New York Times, has a nice salary and lives in a wealthy suburb. How did that happen? Pluck and luck, yes, but also insights from savvy onlookers.
Kids start to gaze out classroom windows, the grass turns green again and the temperature slowly rises. If you and your family are like most, you now plan summer vacations. Beware of daydreams of fun in the sun: If you aren’t careful, vacation expenses can put a large dent in your wallet and potentially wreck your full year’s budget.
Living paycheck to paycheck causes obvious stress. Even worse, it puts you at risk for financial disaster when an unexpected expense or loss of income drives you to credit cards and mushrooming debt. Here’s how to escape this vicious merry-go-round.
You saved your entire life for the day you can retire. You brought up your children and you hope that they enjoy productive lives. Unfortunately, one of your children never seems to grow up: dropped out of school, continually got into trouble. You feel you must keep helping this kid – but can you afford to?
We all hear horror stories of credit cards’ risks, often about people who build up mountains of debt that take a lifetime to pay off. When used responsibly, though, credit cards can be some of your best friends in securing your long-term financial success. Here are a few do’s and don’ts.
Your credit report greatly influences whether you get a mortgage or other loan, take out insurance, rent a home or even secure a job. Few other numbers help or hurt your life so deeply. Here’s how to find and improve this key tool in your financial life.
In our quest to save for various goals, developing a fear of spending is possible. To conquer this unhealthy fear, align your spending with what you value.
Getting deep into credit card debt is too easy. There are many ways to get out of debt, and none of them is easy. The two most effective methods are the debt snowball and the debt avalanche. Let’s take a look at the pros and cons of these strategies to decide which works best for you.
Anemic job gains in March aren’t the workforce’s biggest problem. The official unemployment rate is a sham. To get a more accurate picture of our nation’s torpid job situation, look at a more telling statistic: the still-lofty unemployment level using a broader measure of the labor force than the standard one.
Who can save for retirement these days? You can, if you know where to look and honestly assess what you can live without.