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• What It Means to Have Your Credit Limit Cut
  It used to be that you only had to worry about your credit limit being lowered (meaning you could borrow less) if you were chronically late on making your payments or if you simply stopped paying altogether for a period. It used to be that you only had to worry about your credit limit being lowe
• How Your Credit Score is Calculated
  There are different methods to determining a credit score. The “gold standard” of credit scores – the one that most lenders use when making credit-related decisions - is called the FICO score, named for its developer, the Fair Isaac Corporation (FICO). There are different metho
• Being Approved or Denied Credit
  Once you have applied for credit it may take your lender hours, days or even weeks to approve your request. You should keep the contact information for the person with whom you filed your application so you can call or email to check on the status of your request.. Once you have applied for
• Changing Your Thinking about Credit for Everyday Expenses
  If you are bridging financial gaps by using credit as a supplemental source of income it's important to remember that unlike income, credit is not simply an always-available source of free cash but rather a loan. Every time you use credit you are, in essence, taking on a loan and you will be require
• Repaying Credit
  When you use credit the lender will typically require that you repay the funds you borrow, and the interest due on the money you have borrowed, in regular installments over a set period of time. If you obtain a fixed amount of credit for a set amount of money for a specific purpose (i.e. to purchase
• Getting Credit
  In order to gain access to credit you will need to apply with an institution or organization that loans money such as a bank, credit union, savings and loan, or credit card company. You will most likely need to complete an application that will ask for two main categories of information: Personal in
• Credit Unions
  Perhaps you have heard of credit unions, but don’t know much about them. Credit unions are nonprofit cooperative financial institutions.. Perhaps you have heard of credit unions, but don’t know much about them. Credit unions are nonprofit cooperative financial institutions. Let’s break t
• Before You Apply for Credit
  It can be tempting to fill out applications for credit but before you apply there are some important questions you should consider and steps to take: Take some time to identify and write down your personal and financial life goals if you haven’t already. Credit is a financial tool that you should us
• One Thing You Don’t Want to Do
  Often when credit card holders receive a notice that their credit limit is being lowered they may automatically want to cancel the card, especially if they feel slighted by the credit card company because they have always paid their bills. Often when credit card holders receive a notice th
• Debt Consolidation and Debt Management Plans
  One of the services that credit counseling agencies provide is debt management plans, or DMPs. A DMP is a plan that a counseling agency develops with a client's creditors to help a client consolidate (pool together) and pay off their debt.. One of the services that credit counseling agencie
• How to Improve Your Credit Score
  Your credit score is not set in stone; it changes over time as you use, manage and maintain your credit. If you have recently learned that you have a low credit score, the good news is that there are things you can do to improve your score: Request and review your credit report on file with each of
• Two Options When Your Credit Limit is Cut
  If your credit limit has been cut (or you receive notification that your creditor is planning to reduce your limit) you have two options Contact the creditor to ask for your current limit to be maintained or reinstated. Collect copies. If your credit limit has been cut (or you receive
• I've gotten myself into a financial mess.
  Have a few late bills? Do you chronically miss credit card payments? Have you defaulted on a loan? Having a poor credit history can wreak havoc when trying to plan for your future. For example, you may end up being turned down for loans or you may be approved for a loan, but at a higher interest rat
• The Price You Pay for Using Credit
  The price you pay for being able to use credit is called interest. Lenders charge interest in order to make a profit and to help offset a loss if a borrower does not repay the money.. The price you pay for being able to use credit is called interest. Lenders charge interest in order
• Credit Issues
  More than likely both of you have used credit prior to this point in your relationship – that, for example you have: used a major credit card (VISA, MasterCard) used a department store credit card, taken out a car loan, or applied, and been approved for, a home loan (mortgage) a car loan or student
• Questions to Ask When Considering Joining a Credit Union
  If you find a credit union and determine that you are eligible for membership, consider asking some of the following questions when considering signing up to join and open an account: Does the credit union have automated teller machines (ATMs) If you use ATMs frequently you might want to find out wh
• Credit Card Companies Face Significant Changes Under New Law; Consumers to Benefit
  The new credit card legislation signed into law by President Obama contains numerous provisions that will have a real impact for Americans who use credit cards as a personal financial tool. More than 700 million credit cards are used by Americans (Nielson Report, 2008) and the total amount of debt A
• Getting a Credit Card for the First Time
  You probably get a credit card offer in the mail almost every day. Be careful before signing up.. You probably get a credit card offer in the mail almost every day. Be careful before signing up. You need to read the fine print carefully. Remember that what you're signing is a legally binding agree
• Making Work Pay Tax Credit Boosts Take-Home Pay for Workers, Provides $250 Benefit for Retirees
  The Obama Administration’s American Recovery and Reinvestment Act stimulus package includes a temporary two-year “Making Work Pay” tax credit. The credit will provide working individuals with a little more money in their paychecks in 2009 and 2010.. The Obama Administration’s American Recovery and R
• How to Think About Credit Cards
  The first thing to know is that credit cards aren’t “bad. It’s all about how you use them.. The first thing to know is that credit cards aren’t “bad. It’s all about how you use them. Here are a few things to think about before getting, or first using, a credit card. One of the most important
• Tax Changes that Could Affect Your 2008 Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. es to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially i
• When Your Credit Limit Is Cut
  Credit can be a useful financial tool. An overwhelming majority of Americans – 78% or 91.1 million of all households – have credit cards, and the average consumer has 5 credit cards which they use as a financial cushion. Credit. Credit can be a useful financial tool. An overwhel
• Best Way to Use Credit
  Now before you think that you should never use credit cards, it’s actually a good idea to use them…IF you can use them wisely. Why? Well, establishing a good credit history makes it more likely that you’ll be approved for loans you might apply for later like a home mortgage or car loan..
• Finding and Joining a Credit Union
  To find a credit union that you may be able to join: See if your, or your spouse’s employer has a credit union Ask parents and any immediate or extended family members if they belong to a credit union, as some credit unions will allow family members to join Check with any associations or organizatio
• Tax Changes that Could Affect Your 2008 Federal Income Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. There are a few new changes to the tax law that could affect your 2008 federal income tax bill. Thes
• Ready to Buy a Home
  Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000.. Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000. Their main monthl
• Credit Scores: What They Are, Why They Matter and How to Improve Yours
  Did you know that you have something called a credit score that employers, landlords and lenders can view and use to make a wide variety of decisions about you?  A credit score is a number – ranging between 300 and 850 - that represents your creditworthiness, or the perceived likelihood that you will
• Using Credit Cards to Make Ends Meet: The Risks of Viewing and Using Credit as an Essential Supplement to Income
  The average American has eight credit cards and as the price for daily essentials continues to climb, we are using credit not just for discretionary purchases (think movie tickets and dinner out) but for necessary living expenses (think gas and groceries) Since Americans have greater access to credi
• Digging Out of Debt
  THE SECRET to paying off credit-card debt is really very simple: All you need to do is earn more than you spend, and apply the savings toward paying down your debt. So then what makes tackling credit-card debt so hard ? Sadly, many seem to be losing the battle of the credit-card balance. Consider th
• Credit Reports
  A credit report is simply a record of your credit habits - it shows every time you apply for credit, every time someone makes an inquiry about your credit record, and how you manage your credit. For example, it records whether or not you pay your bills on time, if you maintain a balance or pay your
• Required Credit Counseling If You are Filing for Bankruptcy
  As part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act if you want to file for bankruptcy you will have to complete two credit counseling courses. The first course you will need to complete before you file your petition to claim bankruptcy.. As part of the 2005 Bankr
• Repair or Establish your Credit Record
  Divorce can be financially devastating. It often means having to meet regular expenses on half, or less than half, the income prior to the divorce, on top of new, extraordinary expenses related to the divorce such as lawyer’s fees and court costs.. Divorce can be financially devastating. It often m
• Debt Negotiation
  Debt negotiation is also commonly referred to as debt settlement. It is one approach to solving unsecured debt problems (typically credit card debt) that may be an option for people who may not be able to make the minimum payments of a debt management plan (DMP). Debt negotiation is also
• How Your Credit Score Can Be Used
  You may be surprised to know how many types of businesses can use your credit score, and what they may use your score for. Once a lender pulls a copy of your credit report and views, or calculates, your credit score, they will use that score to determine their risk in making you a loan or extending
• Subprime Loans
  "Subprime" loans carry a higher than average interest rate and typically charge more fees than traditional loans. You can get a subprime loan when applying, for example, for a home mortgage or a car loan.. Subprime" loans carry a higher than average interest rate and typically cha
• Getting Professional Help
  If you’re at a point where you are having credit card problems, facing staggering debt, are receiving overdue notices, or getting calls from collection agencies you may feel scared. If you’re overwhelmed, can’t figure out how you are going to get out of this, or just feel like you could use someone
• Who Extends Credit
  Various organizations, businesses and financial institutions extend credit. For example Department stores offer store credit Utility companies (phone, gas, electric, water) provide services on credit (meaning people receive/have the ability to use those services and are charged afterwards for their
• Money Deposited in Credit Union Accounts
  All federally chartered and most state-chartered credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF) which is a federal fund that is backed - like the FDIC - by the full faith and credit of the U.S.. All federally chartered and most state-chartered c
• What to Do If You Think You Are a Victim of Identity Theft
  The more quickly you notice and report that your identity has been stolen and misused, the less damage is likely to occur. If you think your identity has been stolen, following are immediate first steps to take: Contact your credit card companies, banks, utility companies, phone companies, etc. to r
• Money Deposited in Bank Accounts and Credit Union Accounts
  Up to 250,000 of money you deposit in an FDIC-insured individual bank account, up to 500,000 for joint accounts and up to 250,000 for individual retirement accounts (IRAs) are guaranteed safe by the federal government. If you have more than that amount in a particular bank, it is not guaranteed t
• Which IRA Is Best?
  IRAs offer you a way to create tax-advantaged retirement savings. But with three flavors to choose from - Roth, deductible or nondeductible - figuring out which IRA is the most appropriate for your retirement savings and investment plan can be confusing.. IRAs offer you a way to c
• How to decide if you really want to own a home
  It seems obvious but the first place to start is to decide whether or not you really want to own a home. No doubt, there are definite benefits to homeownership, including: Tax benefits.. It seems obvious but the first place to start is t
• Interest Rates and Credit Limits
  Two of the biggest tools credit card companies have at their disposal is being able to change their cardholders’ interest rate (the amount of money they charge you for borrowing money from them when you use the card) and credit. Two of the biggest tools credit card companies hav
• Spending
  In order to keep moving forward financially we need to spend less than we earn. That doesn’t mean going without.. In order to keep moving forward financially we need to spend less than we earn. That doesn’t mean going without. It means making spending choices based on a well-defin
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your finances. If you don’t already have one, start by . As you think through what type of child care you would like to secure, plan
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your family’s finances. If you don’t already have one, start by . As you think through what type of child care you w
• Minimum Payment Required on Credit Cards Going Up
  Credit card companies typically required customers to make a minimum payment of just 2 percent of their total card balance. That 2 percent only helped pay your interest and fees and didn’t help make a dent in the actual principal amount you owed.. Credit card companies typically required customers
• The Dangers of Accumulating a lot of Credit Card Debt
  Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spending get out of control quickly.. Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spen
• The Credit Basics
  Do you have a credit card? How about a home mortgage or student loan? Do you use services that you pay for on a monthly basis (i.e.. Do you have a credit card?  How about a home mortgage or student loan?  Do you use services that you pay for on a monthly basis (i.e. utilities) All of
• Tips for Using Credit Wisely
  Julia was a 19-year-old college sophomore when she got her first credit card application in the mail. The campus post office floor was littered with them.. Julia was a 19-year-old college sophomore when she got her first credit card application in the mail. The campus post office
• First-Time Homebuyers Can Use Tax Credit for Down Payment, Closing Costs for FHA Mortgage
  If you, like many potential home buyers, are leaning toward buying a home in part due to the 8,000 federal tax credit you may be in for a very nice surprise. Instead of having to purchase a home, file a federal income tax return and only then get the tax credit, buyers who choose to apply for a.
• Get a Summer Check Up
  Why not give your credit report a summer check up? Call or go online to the . Why not give your credit report a summer check up? Call or go online to the Annual Credit Reports website to learn how you ca
• Other Options to Payday Loan Company Loans
  If you do find yourself in a situation where you need to borrow or come up with some money relatively quickly, consider these options instead: Ask a friend or relative to make you a short-term loan at a reasonable interest rate. Make it a formal loan by writing up who the loan agreement is between (
• Dealing with a Dependence on Credit when Life Changes
  While using a credit card can be more convenient than writing a check or taking time to stop at an ATM to get cash, using credit as a supplemental source of cash can become an expensive habit which can create an even tighter squeeze on an individual or family budget if life circumstances-or larger e
• Thinking About Your Student Loan(s), Credit Cards and How You Spend Money
  While there are some exciting benefits about entering the “real world” – like having new measures of independence like a job, possibly a place of your own to live, a car and freedom over your schedule – there is also the reality of work and bills and deadlines, which for some graduates, whether they
• Possible Benefits that Credit Unions Can Offer
  There are a variety of reasons that people use credit unions. Credit unions are typically smaller organizations than most banks or savings and loan institutions and can sometimes focus on providing levels of personal financial services or community focus and connections that seem more relevant or in
• Secured Loans and Credit Cards
  If you are having difficulty getting approved for credit, you may want to consider applying for a secured credit card or secured loan instead to begin establishing a credit history. These credit cards and loans are “secured” by money that you deposit in an account.. If you are having difficu
• What Creditors Will Look For and How to Build Credit-Worthiness
  There are several steps you can take to begin the process of applying for credit. First, it’s a good idea to know what creditors look for when considering your application for a loan or credit card.. There are several steps you can take to begin the process of applying for credit. First, it’s a good
• Past Debt
  More than likely both spouses in a blended family situation come into the new marriage with existing debt. It is CRUCIAL to both your new family’s financial and emotional health that you sit down and talk honestly and openly about your financial situations prior to marriage or as early on in the mar
• The Cost of Using Credit
  When you make a purchase or payment with your credit card, you’ll be paying not just that amount, but possibly a few other fees as well. Let’s look at a few of the fees associated with credit cards: Annual fee.. When you make a purchase or payment with your cred
• Rising Prices, Fewer Financial Choices
  It's not just families that have suffered an unexpected job loss that are using credit to make ends meet. More and more American families are finding that their income doesn't go as far as before.. It's not just families that have suffered an unexpected job loss that are using credit to make ends
• Tax Changes that Could Affect Your 2009 Tax Bill
  Changes to the tax law in 2009 could affect your federal income tax bill. It’s important to know what tax law changes could affect you personally and how those changes could trigger either an increase or decrease in the amount of money you owe – or the amount of money you could be refunded by – the
• Selecting a Reputable Credit Counseling Agency
  A reputable, accredited credit counseling agency may be able to provide you with the help you need to get on the road to financial recovery. However not all credit counseling agencies are alike.. A reputable, accredited credit counseling agency may be able to provide you with the help you need t
• Tax Changes that Could Affect Your 2010 Tax Bill
  There are a few changes to the tax law that could affect your 2010 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes. The good news is that most of these changes have the potential to reduce or even eliminate the amount you owe the feder
• Mortgage Center: Resources
  Mortgage Counseling . Mortgage Counseling HopeNow U.S. Department of Housing and Urban Development (HUD)Approved Housing Counseling Agencies Homeownership Preservation Foundation Acorn Housing Corporation Credit Counseling Association of Consumer
• What Happens if I’m In Over My Head?
  Okay, so maybe you’re reading this and you’re thinking “It’s too late for me! I’ve already maxed out my cards! Don’t panic – there are some steps you can take to get control over you credit card spending and on the path to financial stability: Write it down. Gather your credit card statements and fi
• Tips for Keeping Your Credit Habits Under Control
  Try to have only 1 or 2 major credit cards Unless you're trying to establish credit for the first time, don't get cards for individual store accounts. Shop around for the best, lowest-cost credit card.. Try to have only 1 or 2 major credit cards Unless
• Credit Card Reform Begins to Take Effect
  As of August 20, 2009 credit card companies are required to give customers at least 21 days to make their monthly bill payment and at least 45 days advance notice of changes in their card terms and conditions. These changes were part of the Credit Card Accountability Responsibility and Disclosure (C
• Restoring Financial Sanity
  The first step toward successfully paying off your holiday debt is taking it out of the emotional realm. Beating yourself up or throwing up your hands in surrender won’t solve the problem.. The first step toward successfully paying off your holiday debt is taking it out of the emotional re
• Places to Avoid Turning to for Financial Help If Possible
  It is not uncommon for single moms to feel panicked about how they will be able to meet normal living expenses, especially if they do not have adequate savings, insurance or access to credit. If you are considering the following sources of funds, instead think through the previous suggestions as the
• If You Can’t Pay a Medical Bill
  If you cannot pay your medical bills consider some of the following suggestions: Contact the office quickly. Don’t just not pay the bill, call the office and let them know of your difficulty.. If you cannot pay your medical bills consider some of the following suggest
• Credit Unions
  Some credit unions in the U.S.. Some credit unions in the U.S. offer money wiring or remittance services. Credit unions typically do not have a large network of agents in the U.S. or in the country of destination. However, because credit unions are by their charters supposed to ref
• Creating Credit When You Have None
  Most likely at some point in your life you will need to, or want to, use credit. Establishing credit can help you get a job, rent an apartment, buy a car, qualify for a personal loan, finance a college education, purchase a home and more.. Most likely at some point in your life you will ne
• When Should You Use a Debit Card?
  Debit cards can help you maintain financial discipline. Instead of using, and potentially racking up significant, ongoing credit card debt, consider using a debit card.. Debit cards can help you maintain financial discipline. Instead of using, and potentially racking up significant, ongoing cre
• Financing Your Computer Purchase
  Buying a computer may be one of your very first “large” purchases. Take a few minutes to really consider how you’re going to pay for this purchase so that you’re not paying more than you want to and for a longer time than you expect.. Buying a computer may be one of your very first “l
• What Bankruptcy Does and Doesn’t Fix
  Filing for bankruptcy won’t fix any underlying financial strains that could have contributed to you declaring bankruptcy in the first place. For example, if you don’t have enough income to cover your regular expenses, declaring bankruptcy won’t help you bring in additional income..
• Co-Signers
  If you are unable to get approved for credit on your own you may want to consider asking someone with a good, established credit history if he or she will cosign on a credit application with you. When someone co-signs on a loan application they are agreeing to pay any debt that you accumulate by usi
• If Your Application is Denied
  If you apply for credit and your application is denied, find out why. For example, if a creditor says that your application was turned down because of information they received through a credit report, they are required to give you the name, address and telephone number of the credit bureau that pro
• Your Rights when Using Credit
  When you use credit you are entering into a business transaction and relationship with a lender. As part of that relationship you have certain legal rights, including the rights to: Know why a credit application was rejected - if you ask within 60 days of receiving notice of the denial the creditor
• How Thieves Can Steal Your Identity and What Happens When They Do
  It’s frighteningly simple for someone to obtain your personal information. Think about how many times a day you purchase something online, fill out an application or throw out a credit card receipt or piece of mail.. It’s frighteningly simple for someone to obtain your personal information.
• Rent to Own: Quick Convenience or Overpriced Commitment?
  The rent-to-own industry is a multi-billion dollar industry that attracts consumers with the promise of taking quick possession on "big-ticket" items, like furniture, appliances, computers and electronics (TVs, DVD players, stereos, etc. with no down payment, no credit check and often no upfront cas
• Advantages of Using a Bank
  There are several advantages to using a bank. Banks: Provide a measure of security for your funds.. There are several advantages to using a bank. Banks: Provide a measure of security for your funds. Instead of worrying about the safety of keeping you
• How to Protect Your Identity
  Preventing identity theft sounds difficult. How can you prevent something when you’re not really sure how it happens? It can help to think about preventing theft by thinking about HOW a potential thief might be able to get, or access, information about you.. Preventing identity theft
• Help for Subprime Mortgage Holders
  If you obtained a subprime mortgage between January 1, 2005 and January 31, 2007 and you are either having difficulty paying the mortgage now, or think you will have difficulty paying it when the interest rate "resets" you may be able to qualify for help. The federal government has worked with mortg
• The Far-Reaching Effects of Filing for Bankruptcy
  While bankruptcy offers the chance for a financial new beginning, it’s not without its costs. Because declaring bankruptcy has such enormous long-term consequences, it should really only be considered as a last resort and with professional financial advice.. While bankruptcy offers t
• What is Credit
  Credit is money lent to you by a person or institution (bank, credit union, etc.. Credit is money lent to you by a person or institution (bank, credit union, etc. There are two main types of credit: when a bank, financial institution, store or person lends you borrow a fixed amount
• Eleven Steps Single Moms Need to Take
  Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and taking them places, responding to emails …. Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and ta
• What's New This Month
  July '09 : IOUs Issued by the State of California Strapped for cash, the state of California has started issuing more than 3 billion in IOUs to businesses, individual tax payers and county governments to whom it owes money. California state government officials have indicated that the IOUs – which
• Recovering From Bankruptcy and Re-Establishing Your Credit
  If you have filed for bankruptcy you have been through a very stressful, and probably humiliating, time in your life. It can be traumatizing to realize that you have hit rock bottom financially and you may feel panicked or shaky about what this means for your future.. If you have filed for ban
• What the Housing Recovery Bill Could Mean for You
  The housing recovery bill that went into effect on October 1, 2008 has the potential to help millions of American homeowners and homebuyers. There are several ways that you or a loved one may be able to qualify for financial assistance through the bill.. The housing recovery bill
• Ways to Save Money on Prescription Drugs
  Buy Generic. Because prescriptions can be costly especially for people with no, limited or fixed incomes, each state has a law that lets pharmacists substitute less expensive generic drugs for many brand-name drugs.. Buy Generic. Because prescriptions can be costly e
• Tax Issues
  While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.. While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.org website pr
• Your Home Mortgage - A Financial Tool
  As you pay off your mortgage you are building up equity, or savings, in your home. As your savings accumulate and your needs change, or outside economic factors change, you may want to make changes to your mortgage.. As you pay off your mortgage you are building up equity, or savings, in you
• What if I need help?
  Once you've collected all the necessary paperwork, you might find that you need a little help walking through the process. You have several options: Income tax softwareYou can buy software that will help you prepare and file your taxes..
• Going it Alone or Together
  Even though you and your loved one have chosen to live together, it doesn’t necessarily mean that you have to choose to combine your finances. Instead of “falling” into the topic by default (i.e. a utility bill arrives in the. Even though you and your loved one have chosen to
• I'm too busy paying off debt.
  Congratulations! You've already begun taking charge of your financial future…maybe without even realizing it! Paying off debt, particularly debt that carries a high interest rate such as credit card debt, is for many the best first step to begin saving and investing for your future. That said, you s
• Teenagers
  Your teenage children will need to take increasing responsibility for spending and saving and learn from the natural consequences of personal financial choices. Talk with your teen about the values you and your spouse hold regarding money, how those values have shaped your financial choices as a fam
• Bill-Paying Tips
  All of us have to deal with paying bills. And most of us dread it.. All of us have to deal with paying bills. And most of us dread it. Having a plan and a process for bill-paying can make it easier. Following are some tips to create some good bill-paying habits and reduce stress when it comes
• Is That Balance Transfer Worth It?
  LIKE MANY PEOPLE THESE days, 69-year-old Ira Stoller uses cash-rebate credit-cards for all of his purchases, lowering his bills by as much as 5% But these savings are nothing compared with the profit the traveling salesman from Butler, N.. LIKE MANY PEOPLE THESE da
• The Single Woman
  Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company.. Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company. She earns
• When Debt is Overwhelming You
  As a single mother Dana is used to making her income stretch. But with the rising cost of basic necessities like gas, food and utilities, and her growing son's needs, her paycheck isn't stretching far enough.. As a single mother Dana is used to making her income stretch. But with the
• How can I make interest rates work for me?
  Again, the key is to make sure that you're earning the most interest possible on money you're saving and investing and that you're paying the least interest possible on money you're borrowing. Before you deposit your savings in a savings account or before you invest your savings, you'll want to call
• Avoiding Additional Debt
  It’s important to encourage the person you are trying to help to avoid taking on debt or increasing existing debt if at all possible during this time. While it may not be possible to avoid borrowing some money during this crunch urge them to: try to only use cash when shopping keep a record of charg
• What if I, or my spouse, is actively serving in combat zones overseas?
  First, taxpayers covered by military-related tax relief provisions should put the words "COMBAT ZONE" and their deployment date in red ink at the top of their tax returns. If you are active military or a reservist called to active duty you may qualify for two tax breaks..
• Alternatives to Consider if You Have Difficulty Securing Credit on Your Own
  If you have been turned down several times, don’t continue to apply for credit. It won’t look good on your credit report (which is what credit-extending companies use to determine if they will lend you money) and it can become unnecessarily frustrating.. If you have been turned d
• What is a Credit Counseling Agency
  Credit counseling agencies are nonprofit organizations that provide financial counseling and education to clients who are having significant trouble managing their debts. Credit counseling agencies offer a wide array of services to help people that need to get a handle on their use of credit and lea
• Managing Your Student Loan
  Learning how to manage your personal finances – including repaying your student loan – is an important part of the road to financial independence. If you’re like most college students with a student loan, this is your first experience having to repay a formal loan.. Learning how to manage yo
• Even Charge Cards are Changing
  Credit cards allow cardholders to roll over their balance due from one billing cycle to the next. It used to be that people holding charge cards (a specific type of credit card) such as American Express were required to pay off the balance in full each month.. Credit cards allow cardho
• Alternatives to Using a Check-Cashing Store
  There are alternatives. While it can seem more convenient and even comfortable to use a check-cashing store, the truth is that there are much better, less expensive options that will perform the same services and leave you with more money in your pocket or to send home.. There are alternatives. W
• 10 Simple Steps to Start Saving Money Now
  Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click here to link directly to the site’s . Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click her
• Financial Tools
  In addition to insurance benefits your employer will likely offer various financial tools that you can use to reduce your taxable income and save for your short-term needs and long-term goals. Health Spending Accounts Healthcare spending accounts provide you with a way to pay for health care expense
• Your Current Debt and Ways to Save for a Mortgage Down Payment
  The amount of debt you currently have and your credit score (which tells lenders how reliable you are about repaying your debt and loans) will also affect how much interest you will be charged on your loan. You should consider getting a free copy of your credit report now, early on in the home-buyin
• Good Financial Behaviors You Can Model for Your Children
  In addition to finding ways to teach your children about money there are things you can do on a regular basis to model good financial habits.. In addition to finding ways to teach your children about money there are things you can do on a regular basis to model good financial habits such as:
• 16 Warning Signs You Could Be Heading for Financial Trouble
  We’ve all done it before – forgotten to pay a bill on time, charged more on our credit cards than we should, etc. But there are some financial “red flags” you should pay attention to realize that without a course correction, you’re headed for financial trouble.. – forgotten to pay a bill on time, charged more on
• Comparing Credit Card Offers
  IT'S NO SUPRISE that so many people still carry credit cards with annual percentage rates (APRs) of 13% or higher. After all, there's a whole industry of card issuers out there devoted to using hidden fees and interest rate gymnastics to gouge you as best they can..
• Have a Plan to Manage Debt
  Whether you choose to pool incomes and pay down/payoff your individual and combined debts, or if you choose to keep your income and debts separate, it’s important that you both clearly understand, and have a plan for paying off: the individual debt obligations you incurred before your remarriage tha
• What Credit Unions Offer
  Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept deposits for savings accounts.. Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept d
• Budgeting and Reducing Variable Expenses
  Budgeting is an important financial discipline to help plan spending, and create and invest savings. Encourage the person you are helping to . Budgeting is an important financial discipline to help plan spending, and c
• Working with Creditors
  Once the person you are trying to help has identified his or her financial priorities, commitments and resources he or she will have the necessary information to talk with creditors. Encourage him or her to collect paperwork on each outstanding loan they hold, to calculate how much they could afford
• Your Home Environment: A Great Place to Go Green
  When many people think about having a “green” home they picture having to move to a spaceship-looking dome home somewhere in the desert far removed from any conveniences. Banish your fears – having a more environmentally-friendly home is easier than you think.. When many people think ab
• Identifying the Factors Creating the Current Financial Crunch
  Sometimes the reason for a financial crisis is obvious – a wage-earner in a family was laid-off, or a family member got sick and there was no health insurance to cover mounting medical bills, etc. But often even just one obvious issue (i.. Sometimes the reason for a financial crisis is obv
• Why Invest in Bonds?
  There are numerous benefits to investing in bonds including: Financial Security - There's a reason that a bond is called a “fixed-income” security – not only are you highly likely to get back your principal but you can also count on receiving interest on your investment. Portfolio Balance & Dive
• Food Stamps, WIC, and School Breakfast and Lunch Programs
  The “Food Stamp” program provides monthly coupons to help low-income families buy food. Eligibility is based on your household income and your resources (i.. The “Food Stamp” program provides monthly coupons to help low-income families buy food. Eligibility is based on your househol
• Government-Based Prescription Drug Assistance
  Medicaid is a state-based health program for people with low income and assets covers most prescription costs. This federal program has strict eligibility guidelines.. Medicaid is a state-based health program for people with low income and assets covers most prescription costs. This federal p
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
  The Bankruptcy Abuse Prevention and Consumer Protection Act significantly changes how, and under what conditions, individuals can file for bankruptcy. The most significant changes to bankruptcy law apply to Chapter 7 bankruptcy because under Chapter 7 debtors are able to discharge, or not have to re
• Drafts and International Money Orders
  Drafts and international money orders are like checks that the bank, credit union or other provider sends on behalf of you, the sender, to your designated recipient. How it works: You will usually pay for the draft or the international money order with cash or by an electronic funds transfer (EFT) T
• A Divorcee
  Scenario: Jill is a 30 year old public relations assistant living in Massachusetts. She is in the process of getting a divorce from her husband of 4 years.. Scenario: Jill is a 30 year old public relations assistant living in Massachusetts. She is in the process of getting a divorc
• Medical Bills
  Millions of families, every year, have difficulty paying their medical bills. However paying your medical bills is as important as paying any other bill.. Millions of families, every year, have difficulty paying their medical bills. However paying your medical bills is as importa
• Opening an Account
  To open an account, a bank’s customer service representative will first explain the account options, benefits, fees and services. Then he/she will ask you to complete an application and provide at least one form of personal identification with a photo (such as a driver’s license, passport or militar
• Travel Tips
  There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.. There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.8 million Americans make
• Debt Collectors and Your Rights
  When you start not paying your credit cards or bills, you will first receive late notices in the mail. Then you are likely to get phone calls notifying you that you are behind on your payments.. When you start not paying your credit cards or bills, you will first receive late notices in the mai
• Credit from Local Stores
  You may want to consider using programs offered by smaller and/or local stores that allow you to make a purchase and pay the bill off in monthly installments over a set period of time. By using it responsibly (paying your bills on time and in full) you are building a strong credit history that will
• Borrowing against Your Home’s Value
  If you own your own home you may want to consider taking out a loan against the equity, or savings, you have built up in your home by taking out a home equity loan. If you have good credit – meaning that you have made your monthly mortgage payments in full and on time – you may be eligible to take o
• Your Child’s School
  While at college your child may be able to obtain financial aid and income assistance through tuition waivers where a portion or all of a student’s tuition is dismissed or “waived” if he/she can demonstrate financial need. These are more commonly found at private universities that charge higher tuit
• The Earned Income Tax Credit (EITC) – What it is and How to Know if You Qualify For it
  Did you know that there is a tax credit for low-income workers that can lower or even eliminate your federal income tax burden? It's called the earned income tax credit (EITC) and it has been helping millions of low-income working families and individuals for nearly 30 years. If you do qualify for a
• Finding Free or Low-Cost Training to Boost Your Employability
  If you are currently out of work and looking for a job, or if you are currently employed but would like to find a different job that perhaps offers better pay and benefits, you may need to learn new skills to become a more attractive job candidate for a prospective employer. However you may not have
• Your Bank and Bounced Checks
  If you’re like most people with a checking account, chances are you have bounced at least one check in the past. “Bouncing” a check – meaning that you wrote a check for more money than you had in your account – is at the least embarrassing and at the worst, possibly a very costly financial mistake..
• Staying in Financial Control While You’re in College
  Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board.. Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board. There can be a lot of unexpected, small expenses that can add up
• To Rent or to Buy?
  THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest.. THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you bu
• 10 Smart Ways to Make a Little Extra Savings Go a Long Way
  Regardless of your age, how much or how little you already have saved, or how little you feel like you can save, it's never too late to start saving for your future Every little bit - at every stage - can add up to a significant amount.. Regardless of your age, h
• Mortgage Counseling If You're Having Trouble Paying Your Mortgage
  If you are having difficulty making your monthly mortgage payment or even facing foreclosure you cannot afford to wait and hope that you can resolve the issue later. If you are behind on your mortgage you can be faced with foreclosure, and sooner than you may realize.. If you are having difficu
• Stretching Your Retirement Spending Dollar
  During retirement you are going to have to make your income and savings stretch further than before to reduce the risk of outliving your financial reserve. To do that you will need to start with a plan for how to strategically draw down your retirement savings and investments , and then mindfully ma
• When You Lose Control of Your Finances – How to Get Back on Track
  Jessica was scared. She had a full-time job and thought she made enough money to cover her bills. However after an unexpected car accident and subsequent repairs, a higher-than-expected insurance premium increase and a flurry of bills she began to worry that she wouldn’t have enough money in her che
• In a Tough Economy, the Federal PLUS Loan May Give Parents Extra Cash Needed for a Child's College Tuition
  If you have a son or daughter in college, the recession may have impacted your savings and investments at a time when you were depending on those resources to pay for college. With lenders tightening up requirements to qualify for personal or home equity loans you may be looking for other financial
• First Steps
  Once you have made the choice to take back control of your financial life there are some immediate first steps you can take to feel empowered and make a significant, positive difference Get rid of the guilt. Feeling guilty or. Once you have made the choice to take back control of your financial life t
• Moving Forward
  After you have taken the first steps to identify the source of your financial problem(s) and your current budget the next step is taking action Talk to your creditors. If you’re behind on bills or if something has changed (i.e.. After you have taken the first steps to identify the source of your financi
• A Guide to Using a Bank and Bank Services for the First Time
  If you don’t use a bank, credit union, or thrift/ savings and loan institution you are like nearly 10 percent of the American population. There are a wide variety of reasons that people don’t use banks.. If you don’t use a bank, credit union, or thrift/ savings and loan instituti
• How It Works
  While you work you are building your future Social Security retirement benefits. You pay into Social Security through a payroll tax which is deducted from your paychecks, or you pay as part of your quarterly estimated or year-end tax bill.. While you work you are building your future Social
• The FHA Secure Mortgage Loan Refinancing Program: What Is It and Could It Help You?
  An estimated 60,000 qualified homeowners with strong credit histories who have fallen behind on their mortgage payments because of rising interest rates initially offered on their adjustable-rate mortgages (called “teaser rates” will now be able to refinance into a government-insured “FHASecure” mor
• Can I get help if I don't speak English well?
  If you don't speak English well or if you prefer to have services provided in another language, or if English is not your first language, there is help out there for you. Sometimes companies such as banks, savings and loans, credit unions, and mortgage companies have services in different languages,
• The Financial Side of Homeownership
  Buying a home is the single largest financial commitment that most people ever make. By taking some time to think about and plan how you will maintain your investment and stay current on your mortgage, you can create some good financial habits at the outset of homeownership that will pay off for yea
• Integrating Your Student Loan into Your Financial Lifestyle
  Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money and choosing what to spend your income on.. Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money
• And How Would You Like to Pay for This?
  Now that you have a list of who you’re giving gifts to, what type of gifts you’re looking for and how much you’re going to spend on each gift recipient, it’s time to pause and take a quick check on your finances. Here are a few questions to ask yourself before you head out to “shop ‘til you drop” Ho
• Using an ATM
  Most banks now have automated teller machines (ATMs) ATMs are computers that you can use to access information about your account (such as your account balance) and to get cash from, or make a deposit to, your account.. Most banks now have automated teller machines (ATMs) ATMs are computers tha
• What difference does the interest rate make
  Even a small difference in interest rates can make a big difference in how much you'll owe or you'll earn. The key is when it comes to debt you want a low interest rate and when it comes to saving and investing you want a high interest rate.. Even a small difference in interest rates can make
• Credit and Debt
  Credit has been the proverbial “third rail” of personal finances – virtually necessary for everyday life but potentially dangerous when not handled well. What role does credit play in your life? Do you view it as essential to supplementing your regular income?  Is it something you feel confident mana
• Ending Financial Relationships with Ex-Spouses
  While your marriage with your ex-spouse may be over, having children means that you will most likely have to maintain a relationship with him or her, even if it’s mediated through lawyers. It’s important that you both strive to work together – fairly, openly and honestly - on issues that affect your
• Identity Theft
  Identity theft. While it may be a relatively new form of crime, it’s catching on frighteningly fast.. Identity theft. While it may be a relatively new form of crime, it’s catching on frighteningly fast. In fact the FBI calls identity theft one of the fastest growing crimes in the United States and est
• Credit Counseling - What it is, When You Might Consider It, and How to Choose a Reputable Provider
  Every year millions of Americans find themselves struggling with unexpected bills, mounting debt and financial strain. Increasingly people are using the services of credit counseling agencies – organizations that offer professional advice, support, services and tools to help people manage and pay of
• Determining Your Down Payment Amount
  How much money do I have to save to have enough for a down payment?  The amount of money that you will need to save for a down payment on a home varies by: (1) how much the home costs and (2) the type of loan you qualify for. While most people begin looking at home sale prices first, it’s actually be
• What is a Debit Card?
  In the 1980s banks began to issue ATM (automated teller machine) cards to customers. These cards enabled customers to withdraw money directly from their account at ATM machines.. In the 1980s banks began to issue ATM (automated teller machine) cards to customers. These cards enabled customers to withdra
• Other Financing Options
  If you can’t pay cash for a computer, consider a few alternatives before taking on a potentially expensive loan or charging the purchase on your credit card. For example: Determine what system you would like to get and then really competitively shop both at stores in your area and online. You might
• Who Uses Payday Loan Companies and Why
  When or why would you consider obtaining a loan from a company that could charge you upwards of 700% interest? Perhaps you are considering getting a loan through a payday loan company because: you don't know how these kinds of loans really work and you don't know where else you could get the money y
• When You Might Want to Consider Credit Counseling
  Reputable credit counseling agencies can offer real help. There are a number of reasons that you might want to consider using the services of a credit counseling agency.. Reputable credit counseling agencies can offer real help. There are a number of reasons that you might want to consider using
• Debt: The Anti-Investment
  Diminishing Your Debt Diminish (di min'ish) – v. to reduce in size.. Diminishing Your Debt Diminish (di min'ish) – v. to reduce in size. Reducing the size of your debt sounds nice, doesn't it? Sure, but what does that have to do with investing? Everything. Take a look at your next credit card
• The Link between Credit and Debt
  When you use credit – either a line of credit, or a fixed amount of credit – and do not repay the full amount immediately that is called accumulating debt. Most financial professionals refer to two types of debt – “good debt” and “bad (or unnecessary) debt..
• Goal Setting
  Think of the last time you felt really proud of yourself. What was it that you achieved that you took pride in?  Was it an award that you won at work?  Losing a certain amount of weight?  Finishing coursework toward a degree?  Chances are that whatever it was, you thought about it, planned for it and wo
• Can You Afford Not To?
  You may find that starting your business is more of a necessity than a choice. If your employer closes or moves and you don’t have many other job opportunities in your area, working for yourself may be your only option.. You may find that starting your business is more of a necessity than a choi
• Rising Interest Rates and the Mortgage Crunch and What It May Mean to You
  The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows.. The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows. A surge of homebuyers eager to take advantage of the low interest rates on mortgages began pushing ho
• How Much Should You Save?
  FIRST, THE BAD NEWS: If you have dreams of sending your newborn child to Harvard, you'll have to raise a small fortune to foot the bill. Now, the good news: Thanks to the emergence of 529 plans, saving for college is easier than ever.. FIRST, THE BAD NEWS: If y
• Creating Financial Stability and Structure Without A Steady Paycheck
  As you begin to take charge of your finances, you may find that you need some professional help. For more information on available services, and how to work with financial professionals, . As you begin to take charge of your finances, you may find that you need some professional help. For
• Questions to Ask About a Policy
  When you are ready to begin comparing policies there are some basic questions you will want to ask, including: What do you require for me to qualify for your policy (i.e.. When you are ready to begin comparing policies the
• What Type of Bond Do I Want to Buy?
  Most bonds are issued by one of three groups: the U.S.. Most bonds are issued by one of three groups: the U.S. government or federal agencies; state and local governments, and corporations. Here's a breakdown of the types of bonds
• Finding Money to Pay Down Your Debt
  After you have listed all your debts – credit cards, medical bills, department store bills, mortgages, car loans, etc. - you may be tempted to panic and say “But I just don’t have any money to even begin paying my debt off! Realize that you may have options you’re not aware of..
• Questions to ask when considering buying an annuity
  Does buying an annuity fit in well with my overall retirement savings plan that includes IRAs and employer-sponsored 401(k) plans first? Am I maximizing my contributions to other tax-free retirement investment options first? Unless you have a special need that only an annuity can fill, such as a dea
• Selecting and Working with an Attorney
  Estate-planning involves making numerous legally-related decisions so even though you can use do-it-yourself estate-planning kits sold online or through local business supply stores to get started, it’s wise to finish your work with an established, credible and experienced attorney. Ask friends, fam
• Which way to file?
  Once you've finished getting all your paperwork in order, you'll need to decide HOW you want to file - electronically or by mail. If you want to get your refund as quickly as possible, file online.. Once you've finished getting all your paperwork in order, you'll need to decide HOW you want to file
• Educational Benefits
  The military offers a variety of educational benefits for active duty servicemembers, members of the National Guard and Reserves, college students preparing for military service, veterans and military spouses and dependents. Let’s first look at educational benefits specifically for servicemembers: M
• Bank Services
  In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks will typically cash checks for their customers for free.. In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks wi
• Ways to Think about Financing Your Children’s College Education
  It can be intimidating to look at the total cost of four years of college. But the mental “thinking trap” that you might be getting into is looking at the number and thinking of it as a one-time lump sum payment.. It can be intimidating to look at the total cost of four years of college. 
• Life Insurance
  Does anyone depend on your ability to work and make money? What financial resources would they have if you died and suddenly weren't there to support them? Are you married? In the U.S.. Does anyone depend on your ability to work and make money? What financial resources would they have
• Planning a vacation
  You work hard and you look forward to taking some time to get away over the summer. But it can be easy to overspend on vacation and regret it later.. You work hard and you look forward to taking some time to get away over the summer. But it can be easy to overspend on vacation and regret it later. H
• Overcoming Obstacle Number One: Finding Time
  Like Frances, many working mothers have multiple factors to consider when returning to school…and a number of them revolve around how to find, or create, the time necessary to devote to classes and schoolwork. Frances did her homework to find a school that offered classes at night and on weekends (s
• Saving
  Saving money is not something that we, as Americans, are very good at. In fact the U.. hing that we, as Americans, are very good at. In fact the U.S. Department of Commerce reported that America’s personal savings rate is the lowest in the industrialized world. .Saving money is a critical habit to develop a
• Signing a Lease
  Depending on your timeframe and the market for rental properties in your area you may need to sign a lease quickly, in which case you need to understand what the lease outlines and what you’ll need to provide. If you’re renting from a large property management company (like those that own large apar
• 10 Great Things to Do with Your Tax Refund
  According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly 2,500. Do you anticipate receiving a refund? If so, don’t just rush ahead and spend it.. According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly
• Purchasing Insurance on Your Own
  There are several reasons that you may purchase insurance on your own. Perhaps you are self-employed.. that you may purchase insurance on your own. Perhaps you are self-employed. Perhaps you just graduated and are no longer eligible to be covered under the policy you had during school. (se
• Seasonal Stories
  Fall Home Buying 101 Want to become a homeowner? Wonder what it will take to get there? Click here to check out our new series on "Home Buying 101" - a step-by-step monthly guide to turning the dream of homeownership into a reality . Open Enrollment It's fall - the "open enrollment" season for thous
• Who Can Help Me with My Taxes?
  If you’re like millions of Americans, you may be overwhelmed at the prospect of preparing your tax return. Maybe you’re considering getting some professional help at tax time so you know what papers to collect and what forms to complete.. If you’re like millions of Americans, you may be o
• Childcare and Taxpayer Assistance
  Every state gets funds under the Child Care and Development Block Grant Act of 1990 to help low-income families pay for childcare. These funds are to first help very low-income families and families with children who have special needs pay for childcare for children/dependents up to age 19..
• Multigenerational Families and their Finances
  Multigenerational families, defined as “three or more generations of parents and their families, are on the rise in the U.S.. Multigenerational families, defined as “three or more generations of parents and their families, are on the rise in the U.S. According to the Census Bureau there are nearly fo
• Working for a Public Employer
  Teachers. Police officers.. Teachers. Police officers. Firemen. Librarians. Air traffic controllers. Bridge inspectors. Public health department lab technicians. Our communities work in large part because of the day-in and day-out work of people who work for “public employers”
• Selecting a Cell Phone Carrier
  Margaux travels a lot for work. When she signed a contract for her cell phone a little over a year ago she found the cheapest plan she could afford.. Margaux travels a lot for work. When she signed a contract for her cell phone a little over a year ago she found the cheapest plan she could afford. S
• The Inevitable Cashflow Crunch
  You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others.. You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others. Some customers pay sooner than others. Yet expenses usually r
• Finding Funding
  Every business has start-up costs. Even if you plan to offer your special skills as a service, you still need to cover your own cost of living until you get your first payment from a customer.. Every business has start-up costs. Even if you plan to offer your special skills as a service, y
• Finding Funding
  Every business has start-up costs. Even if you plan to offer your special skills as a service, you still need to cover your own cost of living until you get your first payment from a customer.. Every business has start-up costs. Even if you plan to offer your special skills as a service, y
• Finding a Bank that Works for You
  Before you even begin to think about finding and using a bank or credit union, think about what you really need in a bank. Do you want: a . Before you even begin to think about finding and using a bank or credit union, think about what you
• Creating a Location-Independent Job with Your Current Employer
  If you’re interested in having a location-independent job you may think that you have to strike out on your own, however that’s not necessarily true. Before you hand in your two weeks’ notice to find a job that doesn’t require you a commute to punch a clock you should think twice.. aving a location-independ
• Financing the Purchase of a Foreclosed Property
  Unless you are able to pay cash for your purchase you will need to find financing – which means getting a loan to pay the required costs and agreeing to repay the money lent (plus interest) over a specified period. y cash for your purchase you will need to find financing – which means getting a loan to pay the req
• Sharing Financial Accounts or Keeping Them Separate?
  In addition to deciding how you will handle household expenses, you will also need to, or should, talk about your financial accounts. Financial accounts include checking accounts, savings accounts, money market accounts, credit cards, non retirement related investment accounts (i.e..
• I don't know where to turn for help.
  Once you're comfortable knowing your own financial situation, and have begun making some small, but very important steps, toward saving and investing you may want to get additional help. There's a wealth of good, easy-to-understand, free help available by going online or doing some simple research a
• I have a pretty good budget, but....
  Ultimately, you'll need to decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal.. o decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal. Following
• I don't know where to begin.
  The most important part about beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be the biggest hurdle you have to overcome.. bout beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be
• I've already declared bankruptcy, my credit is ruined, and I know I'll never really be able to get ahead--so what's the point?
  Failure is not final, so the saying goes. The same is true for bankruptcy.. the saying goes. The same is true for bankruptcy. Every year hundreds of thousands of Americans file for bankruptcy and have to begin the road back to repairing their financial life. Regardless of how disappointing or even de
• Short Sales: What They Are and Why a Homeowner Might Pursue One
  Homeowners who are pressed to make their mortgage payments – or are already behind – may consider trying a short sale as an option to letting the bank foreclose. A short sale is when a mortgage lender agrees to accept less money than the amount the homeowner owes on the loan.. d to make their mortgage
• Buying vs. Leasing
  To buy or to lease that is the question. But what, exactly, is leasing and is it a better deal than buying? Let’s review.. s the question. But what, exactly, is leasing and is it a better deal than buying?  Let’s review. Buying a car. When you buy a car, you, well, buy it. Meaning that you either p
• Health Insurance
  When you were a child, you probably didn’t think about health insurance. If you needed to go to a doctor, the adults in your life took you.. When you were a child, you probably didn’t think about health insurance. If you needed to go to a doctor, the adults in your life took you. They helpe
• Money is tight... what I can afford?
  You might be like millions of Americans who dread opening up their monthly credit card statements, or who haven't actually balanced their checkbook for months…or longer. If you feel like you don't have any control over your money, the reality is it's controlling you.. You might be like million
• IOUs Issued by the State of California
  In June of 2009 California Governor Arnold Schwarzenegger announced that the state had a 26 billion deficit and, until the budgetary issues are resolved through the state legislature, it will not be able to pay all of its bills or honor all of its financial commitments. Strapped for cash, the state
• Insurance
  Health Insurance While the exact type of health insurance varies across federal, state and local governments, every public employer offers health insurance coverage and benefits to full-time workers and often to part-time workers as well. The Federal Employees Health Benefits Program (FEHB) offers h
• Planning for Next Year
  Don’t despair. What can you learn from your overspending this year? Here are some questions to ask yourself so you don’t find yourself repeating the same mistake come next December: 1) What did I spend money on? Look back over your charges and categorize where you overspent. In other words, WHAT did
• Credit risk
• Financial Advisor-Related Questions
  Once you have a grasp on your basic financial picture, you may decide to look for some outside help in managing your finances or making decisions involving your finances. To find the right financial professional, it's important to first ask what type of help you're looking for..
• Topics to Discuss
  As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to discuss every financial topic and reach an agreement on all of your priorities in one discussion.. As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to d
• What is interest?
  Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan.. Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan. When banks or other financial institutions give you credit, such a
• Investing is too risky for me.
  FALSE. Not investing is even riskier.. FALSE. Not investing is even riskier. That’s because inflation , even at today’s low rate, causes a dollar to be worth less tomorrow than it is today because the cost of living continues to creep upward. If the interest rate
• Credit quality
  Credit quality : a measure of the financial strength of a borrower that suggests its ability to repay its loans. Bond issuers with low credit quality have to offer higher interest rates because the investors who buy their bonds take a bigger risk that their loan will not be repaid.
• Differences between Saving and Investing
  Saving is the process of putting money aside now—rather than spending it—so you have it when you need it later. When you deposit money in savings accounts, checking accounts, and Certificates of Deposit (CDs) in a bank or credit union, your deposits are likely to be insured by the Federal Deposit In
• Alternatives to Getting a Refund Anticipation Loan
  There are options likely to be less expensive than an RAL if you need the amount of money that you will get from your tax refund quickly. For example: If you simply want to speed up getting your refund, file your income tax forms online (visit www.IRS.gov ) and you can have your refund check either
• Our family is drowning in debt and bills due to a medical situation. Any type of future financial planning is pointless.
  It’s understandable that dealing with the financial fallout from an emergency and/or significant medical condition can be stressful and make “financial planning” seem beyond your reach. However, financial planning simply means to be intentionally aware of how you are making actively choices about yo
• Budgeting on a Military Salary
  Budgeting can seem very difficult on a military paycheck, especially if your servicemember is not earning a lot and if you, as a spouse, are unable to bring in steady additional income to supplement the military pay. Often it can be difficult for a military spouse to earn additional regular income b
• Preventing Identity Theft
  According to the Federal Trade Commission, more than half a million Americans become victims of identity theft every year. As a single woman it is critically important that you take all necessary precautions to protect your identity.. According to the Federal
• Evaluating Healthcare Insurance Options
  According to the U.S.. According to the U.S. Census Bureau, nearly 45 million Americans do not have health insurance. Not having health insurance can take a tremendous toll on individuals and families. Harvard Professor Elizabeth Warren found that medical bills contributed to half of all personal
• Similarities between Health and Money
  Let’s consider some of the similarities between your health and your money, and then address small ways that you can begin making positive steps in both areas. Barbara O’Neill and Karen Ensle at Rutgers University have identified some interesting, practical similarities between money and health and
• Law Protects Military Members from High-Interest “Payday” Lenders
  A law to help protect military families will cap interest rates set by payday lending companies for military borrowers and their families at 36 percent. Payday lenders, many of whom set up shop near military bases across the U.. A law to help protect military families will cap interest rates set by payd
• Saving for Next Year’s Holidays
  Once you’ve begun to alter your plans for next year the next step is to create a plan to save over the next 11 months so you have some money on hand toward those expenses – even just 10/week adds up. Come next December you could have nearly 500 saved.. Once you’ve begun to alte
• Paying Your Cell Phone Bill
  You will get a cell phone bill each month. There are a few things you should do when you get it: Open it up.. You will get a cell phone bill each month. There are a few things you should do when you get it: Open it up. Sounds straightforward, maybe even a litt
• Saving at the Pump
  To help reduce your overall gas consumption consider the following tips: Drive wisely. Aggressive driving (raking, speeding and rapid acceleration) is not only unsafe but a waste of gas – you can use up to 33 percent more gas by driving aggressively at highway speeds! Pump your tires up. By keeping
• The Benefits of Using a Bank Instead of a Check-Cashing Store
  Besides paying less overall for services, you can get a variety of benefits and services from a bank that you can’t get when using a check-cashing store: Your money can earn interest. Unlike when using a check-cashing store for a one-time transaction (i..
• Who Will Be Helped Under the Making Home More Affordable Program
  The Obama Administration’s 75 billion “Making Home Affordable” housing plan is designed to help approximately 9 million people who are at-risk for either defaulting on their mortgage loans or going into foreclosure. The plan is part of the 400 billion “bailout” package approved by Congress in Fall
• Trip Insurance
  Imagine that for you have been saving and planning for a special family reunion at a wonderful location but at the last minute your spouse or child becomes so ill your family cannot go. Or an approaching hurricane or forest fire forces the event to be cancelled.. Imagine that for you have
• Choosing a Phone
  Increasingly cell phone companies offer customers free phones, or steep discounts to purchase a phone, when they sign up for service. Before you decide to use the phone you’re offered by your service provider for free or you decide to upgrade, it can be helpful to know the two major types of cell ph
• What Happens When Your Debt is Discharged Under a Chapter 7 Bankruptcy
  Once your non-exempt property is sold the court will appoint a trustee to take the money raised to pay off your “dischargeable” debts. You will still be responsible for paying your non-dischargeable debts.. Once your non-exempt property is sold the court will appoint a trustee to t
• How to begin to think about saving
  Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money.. Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money. And we don't mean a l
• Places to Turn When Money is Tight
  No matter how much you work and plan and take wise financial first steps, like those outlined in the “11 Things Single Moms Must Do, there are times when financial issues can become overwhelming and money seems impossibly tight. Take heart.. No matter how much you work and plan and take wise
• Clean Out Your Wallet
  Lose a little summer weight by emptying out your wallet. Take stock of what you've got - do you really need all those credit cards? Consider cutting up a few and consolidating some of your credit card debt.. Lose a little summer weight by emptying out your wallet. Take stock of what
• Who Uses Check-Cashing Stores and Why?
  Rojare’s situation is a perfect example of why some people use check-cashing stores. Some people have never used a bank or are too afraid to use one.. Rojare’s situation is a perfect example of why some people use check-cashing stores. Some people have never used a bank or are too afraid to use one.
• What It Means to Have a Student Loan
  When you got your student loan maybe your parents – and you – breathed a sigh of relief that you had a way to finance your education. It took some of the burden off your parents to take on extra jobs or find other sources of income to pay for your schooling.. When you got your student
• Elementary-age school children
  At this age children can begin to take a more active role and grasp bigger concepts regarding money. Reinforce the concept of coins and paper money and introduce the concepts of checks and credit cards.. At this age children can begin to take a more acti
• What if I live overseas?
  If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.. If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.
• The Inevitable Cashflow Crunch
  You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others.. You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others. Some customers pay sooner than others. Yet expenses usually r
• Seeking Professional Advice
  An important aspect of succeeding in your own business is knowing your limitations and when to ask for help. Just about every business owner will eventually need the services of a bookkeeper, an accountant for help with taxes, and an attorney for assistance on business structure and contracts..
• Dealing with Deployment
  Deployment is a stressful time for every member of the family. By taking time to talk together as a family, and separately as a couple, you can better manage both the emotional and logistical aspects of being apart from your servicemember.. Deployment is a stressful time for every member of
• Next Steps: Recovering from a Service Member’s Death
  As you work through the initial grief of losing your loved one it is important to know what resources the military provides: Legal Assistance Your casualty affairs officer will accompany you to a meeting with a Department of Defense legal assistance officer where you will learn about the benefits an
• When There is a Gap Between Income and Expense
  That’s another way of saying that you’re spending more than you’re earning! Instead of feeling automatically overwhelmed or fearful, consider it just as a piece of information that can help you determine what you’re fearful of or concerned about. Even though the thought of having more debt/expenses
• Adapting to Long-Term Temporary or Independent Contract Work
  Since the recession of 2008 employers have been slow to re-hire people for positions that they cut. If you lost your job, you may have started working with a temporary staffing firm or working as an independent contractor, or freelancer, to help make ends meet.. 08 employers have been slow to re-hire people for
• Tips to Maintain Financial Stability
  Life changes. And you, with a fluctuating income, probably know that better than most. There are some things to keep in mind that can help you stay on track with your plan to create more personal financial stability.. Life changes. And you, with a fluctuating income, probably know that better
• Investing in Your 20s
  Starting out in the workforce you have a huge advantage working for your retirement planning: time is on your side. By creating the habit of saving and investing for retirement now, time will enable you to reap the benefit of both compounding interest and long-term gains.. Starting out in the workf
• Overcoming Obstacle Number Two: Finding Money
  Unlike students who have not entered the workforce, adult students are often unsure about how – or if – they can afford to leave full-time work with its wage/salary, benefits (including insurance, paid vacation, etc. and career advancement possibilities.. Unlike students who have
• Making a Plan
  Before you make a plan for your business, you need a plan for yourself. First, you should make a budget of your personal expenses to see how much you need to survive each month.. Before you make a plan for your business, you need a plan for yourself. First, you should make a bud
• What's New
  This section will list new articles, features and tools to the Tomorrowsmoney.org suite of sites as they are posted. Refer back to this section regularly to see what new information we have to share to help your audiences gain control over their personal financial planning to create a more financial
• Government Loans
  The U.S.. nt’s Federal Student Aid (FSA) program is the largest source of student financial aid in the country. FSA programs provide more than 60 billion a year to students. The Department makes two types of student loans: Federal Perkins Loan. This is a fixed, low-interest loan (5%
• New Student Loan Law Creates Big Changes for Borrowers
  College is expensive and according to FinAid the majority of college students (65% obtain some form of financing to help pay for their two year, four year or graduate degree programs. If you or your child has a loan for. College is expensive and according to FinAid the majority of college studen
• Special Circumstances
  Pre-Existing Conditions and Waiting Periods Under the Heath Insurance Portability and Accountability Act (HIPAA) if you have a pre-existing condition (meaning a medical condition you had prior to applying for new health insurance) you cannot be turned down for coverage or made to wait for coverage i
• Paying for Health Insurance Coverage
  If you have employer-sponsored insurance through your or your spouse’s work, you are still likely to have to pay some portion of the premium. Most likely premium payments will be deducted from your paycheck on a regular basis.. sored insurance through your or your spouse’s work, you are still likely to
• Who to Work With to Maintain Your Coverage and Get Answers to Your Questions
  If you obtain your health insurance through your, or your spouse’s, employer, you will most likely interact with the Human Resources (HR) staff/benefits managers to get questions answered regarding your plan. They will give you a booklet detailing your plan information and a coverage card with conta
• Questions to Ask When Comparing Plans
  Health insurance is an important financial tool that can help preserve your family’s physical and financial health. Make sure that you know exactly what services and benefits you are purchasing.. portant financial tool that can help preserve your family’s physical and financial health. Make
• Healthcare Savings Accounts (HSAs)
  In addition to simply putting money aside for future medical or healthcare costs in a checking or savings account you may also be able to use something called Healthcare Savings Accounts (HSAs) HSAs can only be used by people that have high-deductible health insurance policies.. ting money aside for futu
• I'm fearful of looking for outside help...
  You're wise to be wary. When looking for outside help in planning your finances, you'll want to do your homework.. hen looking for outside help in planning your finances, you'll want to do your homework. Many resources are free – online services, the staff at your local bank or credit union, and nonprofit counseli
• I could never be an investor.
  FALSE.   You already are an investor even if you do not yet own a single . FALSE. You already are an investor even if you do not yet own a single stock , bond or mutual fund . If you’ve ever spent time on raising kids, learning to cook, or improving
• Managing Your Income During Retirement
  In retirement, perhaps more than any other time in life, you will need to take control of your personal finances.  If you are fully retired (meaning that you are not doing any type of paying work) you will not have a consistent income stream from work or employer-based benefits.. re than any other time in
• After you've left your job there are a few important steps to take
  Open an IRA. Even if you don't have any accumulated retirement savings through your previous job, open an IRA to begin banking some savings through small or moderate lifestyle changes. . Open an IRA. Even if you don't have any accumulated retirement savings thro
• Insurance Benefits
  It can be easy to think that it’s not financially possible for your family to afford insurance. But with some work and help from the staff in your family support center you may be able to find affordable forms of insurance to provide for and protect your family’s future.. hat it’s not financially
• Handling Your Finances
  Handling money matters is intimidating for a lot of people. Maybe it is for you.. Handling money matters is intimidating for a lot of people. Maybe it is for you. You may be overwhelmed or uncertain as to how to start facing your finances. Money matters can seem like a bottomless p
• Should You Refinance?
  KNOWING EXACTLY when is the perfect time to refinance would require a bit of psychic ability on your part. That's why many experts say if you find a good deal that saves you a significant amount of money, it's probably not worth trying to beat it by predicting mortgage-rate moves. So what rate would
• Additional Assistance
  If you have questions about the EITC, contact the IRS office in your area (look under "Federal Government" in the blue pages section of your phone book) If you have an emergency that is causing a personal financial hardship, you can call the Taxpayer Advocate Service in Kansas City at 816-926-2493.
• Should You Borrow from Your 401(k) or 403(b)?
  These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b) plan participants can too.. These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b
• No financial advisor would want to talk to me.
  FALSE. Most financial advisors got into the business because they love investing and wanted to help others make money from it.. FALSE. Most financial advisors got into the business because they love investing and wanted to help others make money from it. These days many of them
• College Education Cost Planning
  Being able to pay for – or help pay for – a child’s education is one of most parents’ significant, and costly, financial goals. In fact “Money” magazine found that: 41% of parents plan to pay their child’s full college bill 54% plan to pay some costs 95% plan to pay at least something toward their c
• Ending the Year on the Right Foot
  Only a couple more weeks before we ring in the New Year. But there's still time to make a few decisions that will minimize your taxes for this year and help you start out on the right foot financially next year.. Only a couple more weeks before we ring in the New Year. But there's still
• Giving Wisely
  Every year millions of people support nonprofit organizations to care for people in their communities, strengthen causes they feel strongly about, and reach out to people affected by disasters. Giving is a noble and generous act of caring and service.. Every year millions of people support nonprofit or
• If a Beneficiary Does Not Attend College
  Even the best-intentioned plans can change.  If the beneficiary of your 529 prepaid tuition or savings plan chooses not to attend college you have several options for your funds.. Even the best-intentioned plans can change. If the beneficiary of your 529 prepaid tuition or saving
• Financial Aid Implications
  Just because you have saved and invested for a child’s college education through a 529 plan you may find that you don’t have all the funds needed when s/he arrives on campus. Most parents look for supplemental college financing by applying for financial aid.. Just because you have sav
• Medical Coverage
  If, after reviewing your health insurance policies and decide that it makes more financial sense to switch and get coverage under your spouse’s plan check to make sure that the new insurance plan will cover pre-existing conditions before your drop your current coverage. If you and/or your spouse do
• Making a Home for Your New Baby
  While it can be fun to flip through magazines with adorable (and expensive) nursery set-ups, the truth is that children outgrow infancy quickly. And unless you have an unlimited budget you should give some thought to what you really need before you begin.. While it can be fun to fl
• Calculators
  Our calculators are designed to help boost your confidence to make informed financial decisions by giving you a stress-free way of comparing different scenarios and outcomes. We have an array of calculators related to managing your personal finances such as planning for retirement, managing debt, pa
• Sources of Possible Aid
  In addition to saving and investing for college there are numerous sources of free or low-cost aid for college. It is worth the time it takes to investigate options to supplement your current savings for your education or even possibilities for full funding.. In addition to saving and
• Where to Find Work
  Depending on how long you’ve been out of the workforce you may find that things have changed significantly in your prior industry. Before you begin sending out resumes take some time to read up on the industries you’re considering re-entering.. Depending on how long you’ve been out of the workf
• Healthcare and Health Insurance
  The military healthcare system is called TRICARE. It is an enormous system that provides healthcare for servicemembers, activated Guard and Reservists, retired members of the military and military spouses and dependents.. The military healthcare system is called TRICARE. It is an enormous system
• Consider Something Temporary
• What are brokers and do I need one?
  A broker is someone who is licensed to buy and sell investments for individuals. Brokers are required to pass an exam and register with the Securities and Exchange Commission (SEC) in order to practice.. A broker is someone who is licensed to buy and sell investments for individuals. Brokers are require
• Seeking Potential Income
  If the person you are helping has learned that he/she is going to lose a job, or has recently lost a job, the first step is to look into getting any earned benefits from his or her employer such as: severance pay money for paid time off (i.e. vacations) that was not taken compensation for unused sic
• FDIC Bank Deposit Insurance – What It Is and What You Should Know
  With the recent news of a handful of banks failing people are increasingly concerned about the safety of their bank deposits. How can you know if your money is safe when you deposit it into a bank and if your bank does fail, how much of your money does the FDIC insure? The FDIC (Federal Deposit Insu
• Identifying Learning Opportunities
  When someone is going through a difficult financial situation it’s often difficult to recognize the potential opportunities that the situation provides. It is not just a matter of encouraging them to “think positive.. When someone is going through a difficult financial situation it’s often di
• Before leaving your job
  Roll over any 401(k) savings you have accumulated into an Individual Retirement Account (IRA) An IRA is an investment account you can open through a local bank branch, financial services company or mutual fund.. Roll over any 401(k) savings you have accumulated into an Individual Retire
• Counteroffers and Closing
  Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the second or third go-around.. Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the se
• Help! I don't know how to get a handle on my finances.
  No matter how lost you feel, or how behind in your bills you are, there are a few simple things you can do to begin getting a handle on your finances: Step 1: Identify your income. Don't overlook all your potential sources of income: Paycheck from your full-time job Income from a part-time job or oc
• Sources of Financial Assistance for Healthcare Costs
  If healthcare costs are putting a pinch on your budget you may want to consider looking into assistance through the following organizations: . If healthcare costs are putting a pinch on your bu
• Mortgage Loans
  The housing market’s decline has triggered the bankruptcy of several banks and mortgage lenders. If the bank or mortgage lender that currently holds your loan files for bankruptcy, it will first sell or transfer your mortgage to another firm.. The housing market’s decline has triggered the ban
• What kind of help can my bank provide?
  Banks provide many services. They provide accounts, such as checking, savings, and money market accounts.. Banks provide many services. They provide accounts, such as checking, savings, and money market accounts. Most banks also have investment representatives who can explain diffe
• How much am I really responsible for?
  Ultimately you are responsible for taking care of your financial future. Even if you choose to use a professional financial planner, broker, tax attorney, or another financial professional, you're responsible for the decisions you make.. Ultimately you are responsible for taking care of
• Risk
  It is important to understand that as an investor there is a chance – a risk - that you may not get back the amount of money that you invested. No investment is risk-free, although some investments have more risk than others.. It is important to understand that as an investor
• Savings and Checking Accounts
  Although it seems almost too elementary to mention savings and checking accounts as investment vehicles, they are the foundation of most people's savings plans. When opening a checking account, shop around.. Although it seems almost too elementary to mention savings and checking acc
• Consider Something Temporary
  If it's taking a while to land a job, consider taking a temporary or part-time job in a field of interest to you. Although you may earn less and receive fewer benefits than with a full-time or permanent job, that may just be a temporary tradeoff for possible future employment.. If it's taking a while to
• Dental Benefits
  Servicemembers get free dental care on base and are required to have regular dental checkups. Military families can purchase inexpensive dental insurance through . Servicemembers get free dental care on base and are required to have regula
• What to Do When It Becomes Difficult to Pay Your Mortgage
  Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment.. Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment. But ma
• Ways to Save for College
  Once you choose to make saving for a child’s college education a financial priority for your family the next step is creating a plan to make it actually happen. Here are a few tips to find and begin carving out savings: Examine your budget.. Once you choose to make s
• If You Run Into Trouble with Your Cell Phone
  If you run into trouble using or paying for your cell phone there are things you can do: Problems with Service (i.e.. If you run into trouble using or paying for your cell phone there are things you can do: Problems with Service (i.e. getting a connection) First thing
• The Age-Old Question: To Buy New or Used?
  Every year car manufacturers spend millions of dollars to convince you that your life would be better – sexier – more manageable – if you just had a gleaming new car. And for some of us a new car is all we’ll consider.. Every year car manufacturers spend millions of dollars to convince you that
• E-Gold
  E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency.. E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency. You, as a se
• Online Wallets
  Online wallets work “virtually” the same way the wallet in your pocket works. Instead of going to your bank’s ATM, withdrawing cash and putting it into your physical wallet, with an online wallet you open a free account, go to an online bank and transfer money into the wallet to make online purchase
• Caring for Dad
  Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago and had to be moved to a nursing home.. Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago
• A Single Mom
  Scenario: Candy is struggling right now. She works at a local super mart.. Scenario: Candy is struggling right now. She works at a local super mart. She has two kids and wants to do the right things but just can’t seem to get things to go her way. She can’t make ends meet, there is more month than m
• Questions to Ask When Choosing a Phone
  What features does the actual phone provide? If you need to use the phone internationally, will it work and where? What talk time and standby time does the phone’s battery provide? How long does the battery take to re-charge? What is the service agreement or warranty on this particular phone? .
• Benefits
  Because military work can be so demanding, there are numerous perks and benefits for service members and families alike. One of the most attractive benefits of working in the military is guaranteed, free healthcare and other, related health benefits.. Because military work can be so demanding, there a
• Prescriptions
  Prescription drugs are an important tool that doctors use to help their patients heal and achieve optimal health. However prescription drugs can also be very expensive, particularly for people with long-term chronic conditions or illnesses.. Prescription drugs are an important tool that doct
• Mortgage Loans
  The 2007 – 2008 housing market decline triggered the bankruptcy of several banks and mortgage lenders. If the bank or mortgage lender that currently holds your loan files for bankruptcy, it will first sell or transfer your mortgage to another firm.. The 2007 – 2008 housing market decline triggered t
• How to Balance a Checkbook
  Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tackle balancing her checkbook.. Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tac
• Choosing an Account
  When you find a bank that you feel comfortable using, the next step is determining what type of an account, or accounts, you would like to open. The most common types of accounts are: Checking Accounts.. When you find a bank that you feel comfortable usi
• Back to School Shopping on a Budget
  The National Retail Federation estimates that parents can expect to spend approximately 600 on back-to-school costs. School supplies, clothes, sports physicals, books…it all adds up.. The National Retail Federation estimates that parents can expect to spend approximately 600 on back
• 8 Simple Steps You Can Take Today (without Breaking Your Bank)
  It is possible – you and your family can begin reducing your impact on the environment without breaking the bank. Take some small (inexpensive) steps such as: Think about what you throw away.. It is possible – you and your family can begin red
• Once You Get Your Computer
  Before you plug everything in and throw the boxes away so you can get online or start downloading iTunes, make sure that you have everything you paid for. Check to make sure: That the computer is the brand you purchased.. Before you plug everything in and throw the boxes
• Questions to Ask a Salesperson
  It can be helpful to think about buying a computer like buying a car. Rarely will you want to walk into a car dealership and buy the first car you see.. It can be helpful to think about buying a computer like buying a car. Rarely will you want to walk into a car dealership and
• Four Ways to Buy Cell Phone Service
  Buying a cell phone isn’t like buying a box of cereal – go into the grocery store, pick a box, pay the cashier and go home. No, it’s more like buying a car.. Buying a cell phone isn’t like buying a box of cereal – go into the grocery store, pick a box, pay the cashier and go home. N
• The Process of Filing for Bankruptcy: How It Happens and Who Can Help
  If you are seriously considering filing for bankruptcy, you should consult with an attorney who knows your state’s bankruptcy laws and has experience in handling bankruptcy filings. While you don’t need to retain a lawyer to file for bankruptcy, this is a major decision and you will probably want to
• Mortgage Foreclosure Alternatives
  Once you contact your lender and let them know that you want to stay in your home, there are several alternatives that your lender may consider. These alternatives are also called a “mortgage workout.. Once you contact your lender and let them know that you want to stay in your home, there are several
• Financial planning, saving and investing isn’t really my thing. I believe it's better to simply live for today. You don’t know what will happen tomorrow anyway.
  Many people fear dealing with financial issues, feel overwhelmed at the thought of managing their money, are convinced that they don’t have the skills needed to create their own financial security, or don’t think it will matter anyway. The truth is that not only do you have the basic abilities neede
• A Baby on the Way
  Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living in Connecticut. They bought Ellen’s grandmother’s house when she decided to downsize.. Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living
• Preparing for Your Job Interview
  It's a good idea to practice before the actual interview. How? Ask friends and family members to help you work through answers to potential questions.. It's a good idea to practice before the actual interview. How? Ask friends and family members to help you work through answers to potential questions.
• Switching Doctors
  If you have a difficult time working with your doctor or if you feel that he/she is not providing you with the time, understanding or treatment options you should bring those areas of concern up with him or her. If you feel like your doctor persists in not providing the service that you need in a ma
• Don’t Get Scammed
  If you aren’t able to make your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jobs can be a minefield for scam artists.. e your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jo
• Story File
  The SIFMA Foundation for Investor Education seeks to provide you with the best information, tools and resources available to help your followers become more financially literate. We have compiled this story file based on year-round evergreen topics.. Investor Education seeks to provide you with the b
• Scams to Avoid
  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Equity vs. Debt
  In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business.. In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business. Technically, they ta
• Bookkeeping
  You are also well advised to keep your personal funds separate from your business funds. If you incorporate, your bank will require your business to have a separate business checking account.. You are also well advised to keep your personal funds separate from your business funds. If you inco
• 15 Useful Tips for Entrepreneurs
  1. Believe in yourself.. 1. Believe in yourself. If you don’t, your customers won’t either. 2. Set clear goals. If you don’t know where you are going, you will never get there. 3. Practice your elevator pitch. That’s the 30-second description of your business that you can use to let someone know who
• Setting up Direct Deposit
  Direct deposit is when you choose to have payments due to you directly deposited into your bank account instead of having a paper check, money order or cash mailed to you at your workplace or home. Types of payments that you can have directly deposited into your bank account include: Paychecks Tax r
• Looking Ahead
  Once you have succeeded in getting your finances back on track, improve your chances of not falling back into financial difficulty by taking these preventive measures Figure out your “triggers. An important first step to regaining control of your financial. Once you have succeeded i
• Welcome to Tomorrow's Money
  Wouldn't it be nice to look forward to the future confident about your finances? The truth is that most women aren’t. In fact, three-quarters of all American women are worried about their financial future but not sure about what to do about it.. ok forward to the future confident about your fina
• Buying a Real-Estate Owned (REO) Property Owned by a Lender
  In certain cases a foreclosed property may not be sold at auction. There are several reasons a foreclosed property may not be sold at auction including if the lender accepts the deed to the home “in lieu of foreclosure” from. In certain cases a foreclosed property may not be sold at auction. There ar
• Your Relationship and Common Law Marriage
  There is some misconception that any unmarried couple who lives together (co habitates” for seven years or more is recognized by the court system as a common law couple which would mean that you are a legally married couple even. There is some misconception that any unmarried cou
• It's too overwhelming to figure out.
  Let's take it one step at a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper.. a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper. Here's an ea
• Banks Change Overdraft Policies
  The Federal Reserve has announced that as of July 1, 2010 banks will have to get their customers’ consent before charging them overdraft fees on their ATM and/or debit card transactions. Specifically banks will have to notify all new and existing customers about how they handle situations when an ac
• A New Family Budget and New Financial Decisions
  In many ways, your newborn’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to make and action steps to take as well.. n’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to
• Living on Less: What to Do When Your Pay is Cut
  Every day workers of all types, across all industries, get the bad news from their boss that their pay is going to be cut. Whether it’s because your company is going through a tough financial stretch, or because the economy at large is making it impossible for your employer to make payroll, or becau
• How Unemployment Benefits are Calculated and What Happens When They Run Out
  When you lose a job you may be eligible for temporary unemployment benefits which can help you bridge the uncertain – and often financially worrisome period – between jobs. If you qualify, unemployment benefits will provide you with a percentage of your take-home pay for a specified period of time,
• New Initiatives Aimed at Helping You Save More for Retirement
  The federal government is making changes to help you save and invest for your post-work future. The new rules are designed to help Americans save for retirement by making it more “automatic” – by having workers automatically enrolled in 401(k) or SIMPLE IRA retirement savings plans, having tax refun
• Managing Maternity/Paternity Leave
  You may need, or want to, take leave before the baby is born – due to medical or other reasons, and you will certainly want to take at least some time off after delivering your child. You’ll want to check with your employer to learn about their maternity/paternity leave program.. take leave before the ba
• Car Financing
  If you’re thinking about buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money and can pay out-of-pocket or you will need to borrow money to finance the purchase.. buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money
• How Much Interest Will You Pay?
  DOES YOUR credit card balance keep inching upward? Then before you charge one more thing, you should assess the cost of that debt. A balance of just 5,000 at 15% will cost you 421 in interest if you manage to pay it off within a year..
• Banking and Saving
  Banking and savings are two basic building blocks of personal financial planning. Saving money is fundamental to creating the resources necessary to invest for your financial future.. Banking and savings are two basic building blocks of personal financial planning. Saving money is fu
• Welcome to Tomorrow's Money for Young Adults
  What do you want out of life?  Almost any goals you have—start a job, rent an apartment or buy a home, buy a car, get married, have a family, be more financially independent and secure…The common denominator of nearly all life goals is that they require money. Every day you interact with money. You s
• Writing a Check
  Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks.. Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks. Your check will proba
• Do You Have Too Much Debt?
  NEARLY EVERY red-blooded American is walking around with at least some debt. After all, most of us have mortgages.. NEARLY EVERY red-blooded American is walking around with at least some debt. After all, most of us have mortgages. Many of us have auto loans. Parents
• Bonds are boring and too hard to understand.
  FALSE. You can learn more about bonds.. FALSE. You can learn more about bonds. Bonds pay interest at the coupon interest rate and, because their values usually do not change all that much, they add stability to your overall investment portfolio. High quality, inves
• Home-Buying 101
  Owning a home. It's the American dream.. Owning a home. It's the American dream. But maybe you feel like that's all it will ever be - a dream. The good news is that with some time, and a little work, you may very well be able to turn that dream into reality. Buying a home is not a one-time
• Ways to Avoid Becoming a Victim of Elder Financial Abuse
  What is elder financial abuse? Simply put, it’s a crime. It is when someone – an individual, company or organization – wrongfully takes a senior citizen’s money, property or other financial resources.. What is elder financial abuse?  Simply put, it’s a crime. It is when someone
• 13 Things Your Family Can Do Today
  All parents want their children to grow up knowing how to responsibly handle money – how to earn money, how to most wisely spend it, and how to invest it well for future needs. But how does that happen?  Here are 13 things that every family can do together to take control of your finances to reach im
• Empowering Them to Move Forward
  Taking charge of their personal financial life is a significant, positive step for the person you’re helping. Be mindful to affirm his or her successes, to celebrate accomplishments, and to encourage him or her as they pursue developing new skills and healthy lifestyles.. Taking charge of their pe
• In Your 50s
  What should you do now to ensure that your quickly-approaching retirement is an event you look forward to with confidence rather than anticipate with fear? In addition to building on the steps outlined for your 20s, 30s, and 40s there are specific actions you can take now to build a more secure fina
• Financial Topics in Difficult Times
  When Debt Is Overwhelming You: Difficult Financial Decisions for Difficult Times Today a rapidly increasing number of people find themselves having to stretch their incomes and take on larger amounts of debt to afford everyday expenses and fixed expenses like affordable housing and health insurance.
• I am not sure how to help someone who is in financial trouble and is looking to me for assistance.
  Every day people find themselves facing sudden, unexpected or unwanted life changes that affect their ability to earn money, pay bills, and make choices to keep life working for themselves and their families. Young people, college graduates, seniors, single parents, middle-aged workers – none of us
• Glossary of Terms
  A Accrued Interest . A Accrued Interest Age As
• Closing Costs
  Costs associated with buying a home in addition to the down payment such as an application fee, credit report fee, appraisal fee, house inspection and processing fees.. ing a home in addition to the down payment such as an application fee, credit report fee, appraisal fee, house inspection and processing fees.
• Will I get the same interest rate everywhere I go?
  No. Banks and financial institutions set their own interest rates.. No. Banks and financial institutions set their own interest rates. Car dealerships, check cashing stores, department stores, credit unions…the interest rates they offer for purchases vary. It's important that you compare inte
• Figuring Out the “What Ifs”
  Although this is a very exciting, hopeful time for you as a couple it’s important to talk about, and make contingency plans for, things that none of us particularly want to consider but need to be discussed. These include… Thinking about a prenuptial agreement. While it can seem extremely unromantic
• Can I afford to stay in my current home?
  You can do a little math to figure out how your current monthly mortgage compares to your current income. If you're not sure what your monthly mortgage is (perhaps you're not the one who pays the bills) it's a good idea to contact the bank that holds your mortgage to find out.. You can do a little math
• How will I know who is right for me?
  The bottom line is that you want to work with a financial professional that is competent; is in compliance with all laws regulating their industry; is someone that you "click" with; and is someone you can afford. First, professional competence.. The bottom line is that y
• How to Approach Talking About Money
  Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process.. Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process. Begin the
• Tips for Maintaining Specialty Insurance Coverage
  As with any insurance, once you have obtained coverage it’s important that you do everything you need to in order to maintain coverage. Here are some tips to do so: Whether you are purchasing an annual policy or a single-time/one-use policy (i.. As with any insurance, on
• Working with Financial Professionals and Counselors
  It isn’t always obvious from the outside exactly what someone in financial difficulty needs to do. If you do not know what steps someone should take, don’t try to become a professional financial advisor.. It isn’t always obvious from the outside exactly what someone in financial
• Ways to Afford, and Pay for, Your Home Heating Bill this Winter
  If the rise in home heating prices is really more than your budget can absorb, there are resources to help you. The Low Income Home Energy Assistance Program (LIHEAP) is a government-funded and run program to help eligible low-income families meet their home heating needs.. If the rise in home heati
• When Income Exceeds Expenses
  Congratulations! You have savings potential. Are you currently saving money or are you spending your excess? If you aren’t currently saving money, the good news is that you have the most important thing to become a saver - -money! Instead of thinking about your excess income as money to play with (a..
• Steps to Take in Your 30s and 40s
  At this stage of your life you have probably settled into a career and have a few thoughts about where you would like to be personally, professionally and financially in your future. This is also a stage where you may begin making some significant choices and investments such as returning to school
• Improve Your Finances with a Little Math
  Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money.. Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money. The
• Decisions to Consider Making
  As you become more comfortable talking about financial issues, sharing thoughts, opinions, plans and paperwork you should start working through some important decisions. Areas to talk about include: Goal-Setting.. As you become more comfortable talking about finan
• Starting Out in Your 20s
  When you’re just entering the workforce it’s a great time to develop some financial disciplines that will become financially-rewarding habits for your future such as: Establishing some short- medium- and long-term financial and life goals Creating, and sticking to, a realistic budget Keeping a tight
• Your Home as a Source of Retirement Funds
  If you own your home you may have another option for creating a stream of income during retirement: a reverse mortgage. A reverse mortgage is a financial tool that allows you to tap into the equity you have built up in your home to help with one-time or everyday living expenses once you reach the ag
• Concerns About Fraudulent Activity
  If you have concerns or complaints about your broker or financial advisor – specifically if you suspect that he/she is involved in fraudulent activity affecting your investment funds - there are agencies and organizations that can investigate your case and provide potential assistance: You can conta
• Your Savings and Investments in Turbulent Financial Times
  Tomorrowsmoney.org visitors are asking “what might recent events mean for my savings and investments? This article addresses concerns about some of the most common areas of concern for people who have saved and/or invested money, including: Money Deposited in Bank Accounts Money Deposited in Credit
• Investing is just another word for saving.
  FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals.. FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals. The goal of saving is to be sure
• Debt Investments - Bonds
  A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds.. A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds. A bond is like an IOU – you, as an investor, loan an or
• Coupon interest rate
  Coupon interest rate : The interest rate on a bond is stated as an annual percentage of the amount borrowed or lent, paid by the lender to the borrower. A 10,000 bond paying 4% interest would provide income of 400 per year, or 200 twice a year if the payments are semi-annual. The interest rate is
• Deposit accounts
  Deposit accounts at banks and credit unions allow you to put money in and take it out—by writing a check, using an ATM card or making a withdrawal—whenever you want. Some accounts pay interest but may require you to maintain a minimum balance to avoid fees..
• What Should I Do Once I Begin Investing?
  You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e.. You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e. get m
• Setting Goals
  List your goals and then decide how long a period you have before you want to achieve the financial ability to meet this goal. For example, if you want to buy a home and you want to invest your savings to create a significant down payment amount, when would you want to become a homeowner?  If you wan
• What to do when Downsizing?
  Most people cite "being able to stay in my home" as one of their top financial priorities. If your finances are tight, you might want to do a little math to figure out how your current monthly mortgage compares to your current income.. Most people cite "being able to stay in my home" a
• Check Your Progress and Readjust as Necessary
  When Seth left his job at a graphic design firm to work as a freelance graphic artist he loved the flexibility that self-employment offered and the idea that he could be his own boss. He also enjoyed being able to set his own schedule and take on jobs that really interested him..
• Financial “Things to Do” Before the Year’s End
  With the holiday season officially underway it can be easy to spend most of your “financial thinking” on all of the holiday gift-giving, traveling and entertaining you will, or would like to be able to, do. But there are five simple things that you may want to consider doing to tie up some financial
• I dread making a budget....
  Welcome to the club. It's unlikely that many people like the idea of budgeting.. Welcome to the club. It's unlikely that many people like the idea of budgeting. What's important is realizing that a budget is just a means to an end. It doesn't have to be elaborate or time-consuming
• I don't have enough time to figure this all out.
  Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of the biggest barriers to saving and investing, for many people, is the lack of time.. Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of
• Housing Benefits
  One of the most popular military benefits is the ability to apply for a VA Guaranteed Home Loan. VA Guaranteed Home Loans are home loans – mortgages - made by private lenders (banks, credit unions, etc.. One of the most popular military benefits is the ability to apply for a VA
• Making it a Home
  You have finished the hunt for a new home, signed the papers and moved in. Now what?  How can you begin to really make this new place a welcome home for you and your family?  Home Safety Owning your own home means that you are now financially and legally responsible for what happens to people while th
• Budgeting for Healthcare Costs
  Budgeting for future healthcare costs is important so that you’re not caught off guard by unexpected bills, forcing you to put them on a credit card or dip into savings. When thinking about and planning for future healthcare costs think through potential future needs including: Co-payments for docto
• Four Year Colleges and Universities
  Four-year colleges and universities offer Bachelor degree programs and typically offer some graduate programs as well. Four-year colleges are considered more prestigious than community, junior and vocational colleges; offer a wider variety of classes and degree programs and generally attract more te
• Ways to Invest and Grow Your Savings for College Tuition
  It’s not enough to want to help your child afford college you need to have a plan to make it actually happen. However, putting money into a savings account at your bank or credit union won't earn enough interest to foot the bill.. It’s not enough to want to help your child afford
• Get Started Today!
  Start your new year off on the right foot. Tackle your credit card debt with a simple plan and get a game plan together to spend less, and enjoy the holidays more, come next January! For a practical budget worksheet and tips to making a budget work for you in the New Year, click here .
• Concerns about Fraudulent Activity
  If you have concerns or complaints about your broker or financial advisor – specifically if you suspect that he/she is involved in fraudulent activity affecting your investment funds - there are agencies and organizations that can investigate your case and provide potential assistance: You can conta
• Wiring Money Abroad
  Wiring money abroad is essentially electronically transferring money from your account to your recipient’s bank account. You pay cash or use an Electronic Funds Transfer (EFT) to wire money to the recipient.. Wiring money abroad is essentially electronically transferring money from y
• Online Banking
  Most banks now offer online banking – a service where you can check your account activity and balances, pay bills and transfer funds between accounts over the internet. Make sure you know if your bank charges you a monthly fee to be able to use their online banking service.. Most banks now offer onli
• The Financial Effects of Divorce
  In most cases blended families arise from at least one, and usually both, spouses being previously divorced and remarrying after living as single parents. Divorce creates financial hardship for both spouses, but most glaringly for the wife/now-single mother.. In most cases blended fam
• Financial Pressures and Your Health
  Stress is an accumulation of mental and physical tension. Stress can: distract your mental focus drain your energy impair your immune system and increase susceptibility to illness or disease create real physical reactions such as heart palpitations, panic attacks, nausea, headaches and sleepiness ca
• 10 Things Every Public Worker Should Do
  Read your benefits package carefully and attend any new employee orientation meetings or review resources through your organization’s internal website. Make sure you know the deadline for selecting or signing-up for benefits and when the next open enrollment period is. Talk with someone in your HR d
• Making Purchases with a Debit Card
  Most stores, gas stations, restaurants and other locations accept debit cards for payment. Ask the cashier or clerk if the store accepts debit card.. Most stores, gas stations, restaurants and other locations accept debit cards for payment. Ask the cashier or clerk if the store accepts debit card. I
• Questions to Ask Before Obtaining a Debit Card
  Is there an annual fee for using the card? What account is this card linked to? You want to know which account the card will deduct money from when making purchases or payments – i.e.. Is there an annual fee for using the card? What account is this card linked
• Available cash and investments
  Talk with your financial advisor, or get help from financial advisors through asking your bank or credit union. What do you have available now and in the future.. Talk with your financial advisor, or get help from financial advisors through asking your bank or credit union. What do you h
• Shared Housing
  This arrangement, also known as "home sharing, is when two or more people agree to share a house or apartment as well as all housing responsibilities and expenses. If you are single, divorced or widowed, think about whether or not you have a close friend(s) or family members with whom you would feel
• Starting Your Marriage Off on the Right Financial Foot
  Planning to get married is an exciting time. But it also involves making a lot of decisions – where to get married and when, who to choose for the wedding parties, which cake and invitations…the list of choices and things to discuss with your significant other can seem endless..
• Using a Debit Card
  Just the name “debit card” can seem confusing. Is it something you can use like a credit card? Is it something you use to take cash out of an account like an ATM card? Using debit cards wisely involves knowing what they are, how they work and then thinking carefully about how to use them as part of
• Single Women Managing Money
  For the first time in American history more women are single than married. Single women are earning more money than ever before, are making more financially-related decisions than ever before and yet most single women still do not feel adequate or empowered to successfully navigate their own financi
• Buying a Computer
  You probably can’t imagine not having a computer. It’s your lifeline – your way to keep connected, keep in the loop, and keep current.. You probably can’t imagine not having a computer. It’s your lifeline – your way to keep connected, keep in the loop, and keep current. Maybe up until
• Stepping Up Your Savings I.Q.
  Looking for a good beach read? Okay, so maybe flipping through a mutual fund prospectus isn't your idea of scintillating summer read. But wouldn't it be a good idea to know how to manage the money you already have? Or maybe learn how to take the first step to saving? Start small..
• Tips and Questions When Sending Money Abroad
  Tips Never send cash or activated credit cards through the mail Never send activated debit or ATM cards through the mail accompanied with the password or PIN number Get a receipt for any service Questions to Ask When Using a Service to Send Money Abroad What do you base your fees on (i.e. is it a fi
• Fees, Limits and Exchange Rates
  Sending money abroad is a financial transaction. As with any financial transaction you’ll want to know in detail, upfront, what fees you will have to pay for the service and what limits or conditions there are on the transaction.. Sending money abroad is a financial transaction. A
• Travel Agencies
  A few travel agencies offer informal remittance services. These agencies will probably charge higher fees and exchange rates than a bank or credit union.. A few travel agencies offer informal remittance services. These agencies will probably charge higher fees and exchange rates
• If You Choose to Use a Check Cashing Store
  While it makes more sense financially to cash checks and send money abroad through an established financial institution (such as a bank, credit union or savings and loan) there may be times when you choose to use a check cashing store. If you do, at least make sure you know what you’re paying for th
• The High Cost of “Convenience” Charged by Check-Cashing Stores
  Check-cashing stores are known for charging high fees to cash checks. The fees vary greatly.. Check-cashing stores are known for charging high fees to cash checks. The fees vary greatly. Stores will either list fees as a percentage of the amount of the check being cashed or a flat dollar amoun
• Where to Purchase a Computer
  There are a few places that you can purchase a computer – directly from a computer manufacturer (i.e.. There are a few places that you can purchase a computer – directly from a computer manufacturer (i.e. Dell) through mail-order and online computer outlets (i.e. CDW.com) a “big box” computer superstor
• Questions to Ask About Calling Plans
  When evaluating potential calling plans ask the following questions: What are the peak and non-peak times? What are the set rates for calls within my home calling area during peak times?  Non-peak times? What is the “per minute rate” for roaming” or non-local calls during peak times?  Non-peak times?
• What Payday Loan Companies Offer
  Payday loan companies are businesses that will "advance" you money on your paycheck. In other words, they will loan you money in advance of your actually receiving your paycheck from your employer…but there is a price.. Payday loan companies are businesses that will "ad
• Considering Chapter 13 Bankruptcy
  Filing for Chapter 13 personal bankruptcy is called “debt reorganization. Under Chapter 13 you will be required to pay back a portion of your debt according to your ability to pay over a 3-5 year monthly payment plan.. Filing for Chapter 13 personal bankruptcy is called “debt reorganization. U
• Trying to Keep Your Home – How the Homestead Exemption Works in a Chapter 7 Bankruptcy
  One of most people’s concerns is being able to keep their home. It’s important to know that a Chapter 7 bankruptcy DOES NOT MEAN YOU WILL AUTOMATICALLY BE ABLE TO KEEP YOUR HOME.. One of most people’s concerns is being able to keep their home. It’s important to know that a Chapte
• Questions to Ask When Seeking Professional Help with Debt
  By the time you get to the point where you may consider getting professional help you may feel overwhelmed and unable to even begin sorting through stacks of bills that are piling up. Remember that getting the help you need and getting out of serious debt is something that happens one step at a time..
• If You Have Left, or are Contemplating Leaving, School
  Sue had always struggled in school but she wanted to try earning a college degree at a small nearby university. She was nervous about the workload and how much money it would take to finance her education.. Sue had always struggled in school but she wanted to try earning a college
• What Creditors Can’t Ask or Do
  When you apply for credit, a creditor may not: Ask about or consider your sex, race, ethnicity, national origin or religion Ask about your marital status or your spouse, unless you are applying for a joint account or relying on your spouse's income, or you live in a community property state (Arizona,.
• Private Loans
  Your bank or credit union very likely offers loans that you could take out to help pay for your children’s education. Check to see what interest rate would be compared to your child applying for a federal student loan (such as a Federal Perkins or Stafford loan). Your bank or credit union
• Spending and Saving Decisions
  As you work through your financial goals and priorities it will become easier to reach agreement about how you will spend and save money. It seems obvious but the only way to save money is to find ways to not spend all the money you’re bringing in.. As you work through your financial goals and prior
• Preteens or ”Tweens”
  As children reach their preteen or “tween” years they need to begin taking greater responsibility for their spending and saving choices. Show your children your family’s budget and then help your child create his/her own personal budget Consider having your child sit down with you on a monthly basis
• Paperwork to Get Together
  As you begin talking and making decisions about your finances you should begin to get some of your financial paperwork together including: copies of your most recent income taxes your checkbook bank account statements most recent credit card statements insurance policies copy of your will (if you ha
• Can I charge my tax bill?
  Yes. The IRS accepts American Express® Discover® MasterCard® and Visa®. Yes. The IRS accepts American Express® Discover® MasterCard® and Visa® However, think twice before pulling out the plastic. Financing a steep tax bill at a high interest rate charged by your credit ca
• Scams to Avoid
  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
• Bookkeeping
  You are also well advised to keep your personal funds separate from your business funds. If you incorporate, your bank will require your business to have a separate business checking account.. You are also well advised to keep your personal funds separate from your business funds. If you inco
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Equity vs. Debt
  In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business.. In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business. Technically, they ta
• Types of 529 Plans
  529 plans got their names from the section of the IRS tax code (section 529) which helped create this way of investing savings for college costs. There are two types of 529 plans: Prepaid Tuition Plans and Savings Plans.. 529 plans got their names from the section of the IRS tax code (section 529
• Preserving the Value of Your Home and Community When the Housing Market Changes
  With the increased rate of home foreclosures nationwide, many homeowners, and home sellers, are facing tough questions about how to maintain as much of their home's value as possible, how to sell a home in a slowing real estate market, and how to ensure that their community remains a desirable place
• Refinancing Your Mortgage as an Option to Hold onto Your Home
  For many homeowners who obtained an adjustable rate mortgage over the past few years to buy a home, both time and the economy have not been on their side. Millions of homeowners holding adjustable-rate mortgages are trying to determine if they can refinance their current home loan to be able to affo
• Where to Buy a Car
  As with most things nowadays you have a lot of options when it comes to where, and from whom, you buy a car. Let’s look at your choices: Traditional car dealership.. As with most things nowadays you have a lot of options when it comes to whe
• Your First Car
  Nothing spells freedom like having your own car, right?  If you’re thinking about buying a car, take some time to think through your needs and get educated on what’s involved in buying a car so you’re not the one being taken for a ride. It can be intoxicating to walk onto a new car lot – all that hor
• Comparing Plans
  Once you have made the decision to begin saving for a college education, you understand that 529 plans offer a way for your savings to go farther, and you have thought about both your risk tolerance and your child’s age relative to their college entrance date, the next step is to compare possible pl
• Benefits of 529 Plans
  There are numerous benefits to investing in either a 529 prepaid tuition or savings plan: Federal tax advantages. Although you can’t deduct your 529 plan contributions from your federal income taxes (the way you can deduct the interest you pay on your mortgage, for example) the money you invest in e
• In Your 40s
  As retirement becomes closer your investing time horizon is shortening; saving and investing for retirement must become a high financial priority if you want to be able to reach your retirement lifestyle goals. Here’s how: Define your strategy..
• Immigration Issues for Multigenerational Families
  Immigration is the top reason for the formation of multigenerational families. Immigrants come to the U.. Immigration is the top reason for the formation of multigenerational families. Immigrants come to the U.S. – either legally or illegally – and send for or encourage their imme
• Asset Allocation
  Asset allocation is the foundation of most investment plans. It tells you how much of your money you want to have invested in different kinds of investments or assets (sometimes called “asset classes”stocks, bonds, cash [click through to definitions in step two] are the main ones—based on how much t
• Help If You are Concerned about Being Able to Pay Your Mortgage
  If you own your own home but still have a monthly mortgage payment that is probably one of your highest financial priorities. If you find yourself in a situation where your finances are so tight or that you have such quickly mounting debt that you are having difficulty making your mortgage payment i
• Selecting a Lender
  Congratulations. You invested some real time last month to educate yourself about the not-so-simple-to-understand mortgage.. Congratulations. You invested some real time last month to educate yourself about the not-so-simple-to-understand mortgage. Now that you know the basics about what a mortgage
• Closing on a Loan
  Closing, sometimes called “going to settlement, on a home is like the part of the wedding ceremony where the bride and groom exchange vows. It’s where you and the seller seal the deal! Closing on a home loan is when you sign all the papers transferring ownership of the property from the seller to th
• Reverse Mortgages
  If you are 62 or older and own your home you have access to a special type of financing that can help you turn your greatest asset – your home – into supplemental income, enabling you to meet your other financial obligations and reach important life goals. A reverse mortgage is a financial tool that
• What to Do When the Deployment is Extended
  Imagine learning that your spouse has 24 hours to report for duty and be deployed for combat. Now imagine that the day before the scheduled homecoming, you are notified that he/she won't be coming home for another 12-15 months.. Imagine learning that your spouse has 24 hours to report for duty and be de
• Comparing Mortgage Costs
  There are several costs associated with borrowing money to buy a home including the interest rate you’ll be charged to borrow the principal (loan amount) points, mortgage insurance closing costs and the down payment. Interest Rate One of the most important pieces of information you need from a lende
• When You Lose Retiree Benefits
  Karen was enjoying retirement after 32 years of work as a registered nurse. Her Social Security and savings provided a modest, but adequate, income and she was grateful for a generous retiree benefits package from her former employer which included a pension and health insurance.. ment after 32 years of wo
• Filing an Amended Tax Return
  Even if you double checked all your numbers and reviewed every line of your completed federal tax return, it is possible to inadvertently make a mistake. Maybe you forgot about some income you had earned when you received a W. Even if you double-checked all your numbers and reviewed every line of your
• Planning to Manage Wedding Day Costs
  According to a Conde Nast Bridal Group survey, the average cost of a wedding is approximately 27,800. Nearly one-third of all American couples pay for their own wedding and laying out that much money (or accumulating that much credit card debt) early on in the marriage can have a significant im
• The Risks of Not Saving & Investing
  There are four major risks of not saving adequately for your future needs and goals: The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The possibility of a major unexpected life or ec
• The Risks of Not Saving
  There are four major risks of not saving adequately for your future needs and goals: The impact of inflation on your savings The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The poss
• Common Financial Myths Single Women May Believe
  Most women heard or sensed certain negative messages about money growing up such as: men should or will earn more money than women; men are better in math and therefore in understanding how to work with money than women; a woman’s income will most likely as be a “second income” within a family’s fin
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• Refinancing
  When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home.. When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home. The bank or f
• Set a Course for Where You Want to Go
  Once you have evaluated where you are financially – what income, savings, expenses and debt you have – you are now able to begin setting a course for where you want to go financially in the future, and take steps in that direction. Following are a few tips for thinking about your financial goals: Ac
• Moving Day
  The big day is almost here. Moving day.. The big day is almost here. Moving day. Before you get to enjoy the excitement of moving into your new home, you’ve got to make it through the tedium and trial of actually boxing up and moving all your possessions. Having your tools and materials rea
• Making Home Improvements
  Whether you have purchased a real “fixer-upper” or you are considering modest “cosmetic” changes, making home improvements can be a way to make your home better fit your family, lifestyle and/or financial goals when re-selling. Deciding on Improvements and Setting Your Budget Making home improvement
• Mortgage Center: Frequently Asked Questions
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• Pros, Cons and Options for Location-Independent Jobs
  With the aid of modern technology more people than ever before are able to pursue, or consider, “location-independent” jobs – work that does not require you to be physically on-site at a specific location. Perhaps you would like to become location-independent.. chnology more people than ever before are able to
• What the New Healthcare Law May Mean for You
  With the passage of the healthcare reform law affecting the U.S. Puerto Rico and other U.S. territories, a lot of things about your health insurance may be changing over the next several months and years. What could it mean for you, your spouse and family? . With the passage of the h
• To Buy or to Lease?
  SHOULD YOU lease or buy? Conventional wisdom says if you lease you'll have nothing to show for your money when the term is up. But that ignores the opportunity cost inherent in buying: after all, the money you pay up front for the car could be invested instead..
• Start Out Smart! 7 Money Moves to Make Now
  Congratulations – you have a job! Your first full or part-time job can be exciting, overwhelming and scary…all at the same time. The biggest benefit is of course having a real paycheck! Before you run out and spend that entire first paycheck, there are a few wise financial “first moves” you should c
• Managing Your Grocery Bill When Food Prices Rise
  Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, according to the US Department of Labor, food inflation is expected to continue.. Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, ac
• If a Servicemember Becomes Disabled
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• Questions To Ask When Evaluating Long-Term Care Insurance Policies
  When evaluating long-term care insurance, consider asking a provider the following questions: Are you licensed to sell long-term care insurance in this state?  Make sure from the start that the person you’re talking with is legally able to sell this insurance product to you. What is your company’s ra
• You and Your Doctor
  The doctors that you choose to work with can have an enormous impact on your physical and mental health. It is important to have a positive, trusting, ongoing relationship with your medical care providers.. The doctors that you choose to work with can have an enormous impact on you
• Selling Your Home Part II
  Once you have decided to sell your home, and prepared it to put it on the market you have several choices to make.. Once you have decided to
• Catching Up on Retirement Savings If You Start Late
  Bob’s budget was tight when he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He figured it was a good way to save some money on taxes if nothing else.. en he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He
• Parents Dealing with their Single Adult Child’s Deployment
  Most often deployment information and support is directed to the servicemember’s spouse. But what about the single servicemember?  What happens when he/she is deployed?  After being out of the family home and living on his or her own, suddenly he or she needs family members to help with the paperwork
• Long-Term Disability Insurance
  A long-term disability can be financially devastating. While you may be able to use personal savings to cover your expenses temporarily while not working, most people are financially unprepared to be suddenly out of work for an extended period of time, or be permanently unemployable..
• What Every Homebuyer Needs to Know Before Agreeing to a Mortgage
  Are you or a loved one considering becoming a homeowner? Taking on a mortgage loan to purchase a home can be an intimidating and confusing process. A Federal Reserve study for the Federal Trade Commission found that a significant percentage of homebuyers did not understand key features and costs of
• Finding the Right Home
  What words come to mind when you think about finding a new home? Exciting? Scary? Overwhelming? The truth is that finding a new home can be all of those things. The way you feel about finding a new home can depend on why you're moving and how much time you have to find a home.. What words come to mind w
• What Happens to Homeowners Holding Interest-Only Mortgages When Interest Rates Rise
  Starting in early  2001 millions of Americans took advantage of record low interest rates and bought a home. But the down side of that good news is that while interest rates were at record lows, housing prices soared to record highs.. Starting in early 2001 millions of Americans took