Submitted by Thuong Thien on Fri, 11/22/2013 - 3:00pm
You likely know the pivotal role good credit plays when you try to buy a house or a car. It’s likely too that you don’t buy houses and cars every day, so maintaining a credit rating seems like a back-burner need. Not so, and here’s how to keep your rating up.
Building and maintaining good credit helps create a solid financial foundation and eventually becomes a linchpin of your overall financial plan.
Submitted by Neil Vannoy on Wed, 11/20/2013 - 12:00pm
Smart consumers always try to stretch dollars. Follow these tips to help you save money, spend less and improve your finances.
Deal with your debt. To start saving money, deal with money you already spent. Overspending often leads to credit card balances, expensive personal loans and other high-interest debt. Unless you develop a plan to pay off these debts – and stick to that plan over time – odds of paying off your debt are bad.
Boarding pass in your pocket, shoes on again after security screening and wheeled suitcase humming at your heels, you even find a seat near the gate. Now you have a moment to add up what this flight really costs you, and here are some sneaky fees.
Submitted by Tom Orecchio on Tue, 11/12/2013 - 12:00pm
An emergency fund acts as a safety net, protecting you and your family from unforeseen circumstances where you need cash immediately. But you must be smart when you set it up, and know how to use it and for what purposes.
Emergencies are things we don’t want to even think about. But guess what? They do happen. Life can be full of unexpected obstacles. Having cash at hand will help you by providing you with more options and preventing you from taking on debt at the worst time possible.
Submitted by Larry Frank Sr. on Thu, 11/07/2013 - 12:00pm
You save and save and save for retirement, trying to tune out those escalating estimates of what you need to never run out of money. Conventional wisdom blathers that in retirement you spend only 75% of your current expenses, anyway. Think again, and here’s why.
Retirees often spend too much early in retirement and – the retiree’s nightmare – outlive their cash.
Submitted by Maureen Crimmins on Fri, 11/01/2013 - 3:00pm
Many of your savings habits, good and bad, begin in your early years. You can stash money in scads of places. Here are a few.
I remember my first passbook account and the excitement of savings to call my own, dollar by dollar duly recorded in a passport-like book that slipped neatly into my pocket.
The major gift-receiving occasions in my young life let me watch my money pile up in the little blue booklet. I felt the joy of my own rainy-day fund and imagined numerous scenarios of spending it one day soon.
Not long ago in an economy not so far away, a six-figure annual wage spelled arrival, success and wealth – not to mention future financial freedom and security. Times and prices change. Here’s how to restore a punch to those six figures.
How quaint that $100,000 a year once seemed like millionaire status for wage earners. When I was a kid, my parents said things like, “He can certainly afford it – he makes six figures!”
Submitted by Lea Ann Knight on Fri, 10/25/2013 - 12:00pm
Fall brings Halloween and before you know it the gift-buying craziness of the holidays. They drive investments, cash flow and credit card bills right from your mind. This time of year, before the rush, is a perfect time to refine your annual budget, and here’s why.
Budgeting problems are twofold:
· You use a budget template that doesn't reflect your lifestyle or how you look at money, or
· You once prepared a budget, locked it in a drawer or a Quicken file and never looked at, updated or revised again.
Submitted by Joseph A. Clark on Wed, 10/23/2013 - 12:00pm
Sadly, many marriages today end in divorce, with tiffs over money most often to blame. But as you join your life to another, there are smart ways to make your financial lives run well and free of discord.