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Money

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The recent “Great Recession” (which some are still feeling the effects of) has shown us that nothing is as certain as we would like. New skills are needed if you want to survive the coming career climate. Over the past decade, we have been seeing a shift to a more fluid career climate, and the future is only going to see movement across industries — and the creation of new industries and job descriptions. He…

There’s an interesting new phenomena brewing where people enticed by low rates and home prices well off their recent highs are “doubling down” on housing, essentially betting the house if you will, on more house.  This new group of people was profiled in the WSJ.com recently where some intriguing examples were culled out. “Some intrepid homeowners are intentionally taking a loss on their current house—and writing a big check to retire their old mortgage—in order…

Setting out for college is an adventure. However, as with so many other things in life, we tend to think that we “need” certain things as we head out of the house. The truth, though, is that many of the things that college students think are needed really aren’t. Here are 5 things that you can easily do without in college: 1. Expensive Housing Forget about the fancy apartment somewhere. A basic room is all…

Who says that you have to spend a bunch of dough to have a good time? Lots of people wreck their budgets by overspending on entertainment. You can have a great time with your family and friends without blowing your budget. All it takes is a little planning and an open mind to trim your entertainment expenses. Here are 5 easy ways to save money on entertainment. 1. Check out the local attractions. Look for…

One of the most frustrating things about personal finance is feeling as though you cannot save any money. You know how important it is to save for such milestones as retirement, and that it is vital that you build up an emergency fund. But finding the money to do so can be difficult. If you are looking for ways to save more, you might want to try spending a little less. You might be surprised…

In order to make back the money lost by the Credit Card Act of 2009, credit card companies are trying new tricks to raise money. At a time when consumers are trying everything possible to get out of debt, credit card companies are doing everything possible to keep them in debt. In order to protect yourself from these shady practices, you have to know your rights under the law. Here are 3 new ways that…

Retirement is one of those big milestones we mark in life. However, getting there is more of a journey than an event. On your way to retirement, it is a good idea to have small goals that can help you along to a successful retirement. While there are a number of mini-milestones you should attempt to reach on your way to retirement, here are 3 goals that can be especially helpful as you set up…

You have probably heard that the fastest growing crime in the U.S. is identity theft/fraud. Identity theft can have financial consequences for, you resulting in fraudulent credit accounts opened in your name, or charges to your credit (or worse, debit) card that can cost you money — especially if you don’t catch it fast enough. While there is no full-proof way to protect against identity theft, you can limit its negative effects on you if…

Are you looking for solutions to help you clean up your credit? Improving your credit score may take time but it does not have to be difficult by any means. Today, I am going to take a look at how to get your accounts out of collections so you can get back on the track to building good credit. Here is my 5 step plan for eliminating old debts and improving your credit score. 1.…

Summer is moving into the wind-down phase, and that means that many families are looking for one last summer fling. However, even though the recession is supposed to be over, it doesn’t seem as though many of us are ready to spend a great deal of money. The good news is that you don’t have to spend a lot on a vacation — as long as you make it a staycation. What is a Staycation?…

Everyone is always looking for ways to increase their savings and decrease their bills. One of the ways to trim the fat out of your budget is by decreasing your automobile insurance payments. You can trim hundreds of dollars annually from your premiums by following these 5 simple tips. 1. Increase your deductible. One of the easiest ways to save money on your auto policy is to increase your deductible. Raise your deductible to $1,000.…

We’ve been mulling over a move and it’s been a balance of fiscal restraint vs. getting the actual home we want in a more expensive school district that makes a move even worthwhile.  There’s no sense in moving into a smaller home or having a yard we don’t enjoy, so to get the home we want in the area we’re targeting, we’d definitely be looking at a higher mortgage/tax payment than what we have now. …

Millions of Americans are racked with debt. Credit cards, auto loans, and personal loans are the biggest culprits for placing individuals in a financial stranglehold. These individuals often want quick solutions to make their debt troubles disappear. In trying to alleviate their debt woes, they often take a bad situation and make it much worse by turning to the wrong financial products. Here are a few of the financial products that may be more trouble…

One of the most important aspects of your financial life is your credit score. Your credit score is based on information that can be found in your credit report. When your credit report is inaccurate, it can lead to a lower score. In order to keep tabs on the information that is used to form your financial reputation, you should check your credit report regularly. While you can go to the individual bureaus and pay…

Today I want to talk about the four letter word that we all hate, DEBT! Debt is the enemy of building wealth and can rob you of your financial dreams. Too many Americans find themselves unable to enjoy life because of debt problems. Today we want to take a look at a 4 step approach to eradicating debt. Follow these 4 steps and your debt free dreams can come true. 1. Organize your debts. The…

It’s both amusing and frustrating to continue to see history repeat itself in that purported “experts” (who are often really acting out of pure self-interest) dole out advice which is both devoid of sound logic and rationale, but even worse, does not come to fruition. Because I refinanced last year and I’m constantly mulling over a future move, I’ve stayed in tune with what the “experts” have been predicting and what the actual mortgage rate…

You’ve probably heard that we’re in a buyer’s market. Home prices are low, and mortgage rates are low. And, since the home buyer tax credit has expired, there is speculation that home prices could remain low (or head even lower) during the rest of the year. So, even those who think they missed the boat, might find that they didn’t. For many people, this is a great time to buy. It is possible to get…

Predatory lenders have been working to find new ways to rob you of your heard earned cash. They develop financial products with large upfront fees that will keep you coming back to them for years. These types of financial products are called money robbers. You think that these products are helping you but many of them are robbing you of your money.   Prepaid Debit Cards Prepaid debit cards are the fastest growing products in the…

Marriage can be challenging on its own. Learning to live with someone else is difficult in any circumstance, and no amount of love or passion can change the fact that marriage requires conscientious effort to ensure success. Adding money troubles to the equation can make marriage even more difficult. Money elicits strong emotional responses, and stresses related to money can easily spill over into our relationships. One way you can reduce marital stress due to…