Debt and Marriage: What You Should Know Before the Wedding

January 13, 2014

Debt can ruin a marriage, so how can you beat debt before your wedding day? Although you many not be able to eliminate debt before tying the knot, there are steps to prepare for debt in married life. Dating and Debt When you get married, your two families become one and so do your personal […]

Improve Your Credit Score in 5 Simple Steps

January 9, 2014

Improving your credit score can be simple if you know what steps to follow. If you have poor credit, bad credit, or simply want to improve your credit score, there are specific steps you can take to make it happen. Your credit score is computed mainly using: Payment history Type of credit you have Length […]

Paying Off Your Mortgage vs Paying Down Your Mortgage

January 8, 2014

Should you pay off your mortgage, pay down your mortgage, or simply just make regular mortgage payments? This is a decision facing many of us because one of the biggest purchases we make in a lifetime is a home. Since few of us can afford to pay cash for a house, most of us use […]

5 Ways to Own Your New Year’s Resolutions

December 31, 2013

As this year ends and a new one begins, we set out to make our New Year’s resolutions. Two primary themes usually emerge – getting into shape and saving more money. Unfortunately for us, author and psychologist Richard Wiseman found that 88% of people who make New Year’s resolutions don’t keep them. Here are some ways […]

What is a Good Credit Score Worth?

December 9, 2011

What’s a good credit score worth? A good credit score is vital for loan approval and can help you borrow at lower interest rates.  Depending on how much you borrow a good FICO credit score could be worth hundreds or thousands of dollars. What is a good credit score? A good credit score falls in […]

New Roth IRA Rules

February 1, 2010

The Roth IRA was introduced as a retirement investment option back in 2007. The New Year, 2010, has brought changes to the Roth IRA rules that are making this retirement investment vehicle better for some investors than ever before. In order to fully understand how a Roth IRA can be more beneficial than a traditional […]

Reverse Mortgage Disadvantages

November 28, 2009

Reverse mortgages were the topic of a post several weeks ago in which we promised to take a look at the downsides of seniors using a reverse mortgage in retirement. Here are some of the disadvantages of using a reverse mortgage to borrow against the equity in a home. Builds up Debt Traditional mortgages allow […]

Reverse Mortgages for Seniors

November 11, 2009

If you or your parents have lived in your home for many years and have built up a lot of equity in the property you may have heard about or considered a reverse mortgage as a potential source of income during retirement. There seems to be a wide divide in opinions on whether reverse mortgages […]

College Savings Accounts for a Bad Economy

November 5, 2009

Many parents and students see college as the bridge between this life and a better one. While more and more kids are heading off to college, many are struggling with how they’re going to pay for it. While a recent study conducted by Fidelity Investments in California indicates that more parents have started some type […]

Teach Your Kids How to Manage Money in 7 Easy Lessons

September 28, 2009

As a parent, you are responsible for teaching your kids how to manage money. No matter what their age, children should start learning how to manage money throughout their childhood. Children taught these lesson turn tend to turn into financially responsible adults instead of jobless and in debt adults sitting on their parents’ couches watching […]

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