Money

Early and Consistent Saving is Key to Paying for College

If you have a child, or are even thinking about starting a family, you may be wondering how to afford to raise and educate your son or daughter with the cost of living ever increasing. Thinking about financing an education for your children is the first step in securing their future. But act – don’t just think. Start a college savings plan right now, no matter the age of your children, or even if you are just in the family planning stage. The earlier you start, the better off you’ll be when it comes to paying for the astounding cost…

How to Apply for Social Security

What most people think of as Social Security is just one part of a much larger program. In 1935, President Franklin Delano Roosevelt signed the Social Security Act—legislation that provided for Retired Worker Benefits, Survivor Benefits and Disabled Worker Benefits. This post focuses on Retired Worker Benefits—that money you’re expecting to see after all those years of payroll deductions. What Do I Need to Know to Get Social Security? So, the day has finally arrived. You’ve decided to sign up and start collecting your Social Security benefits. Before you start the process, ask yourself an important question: Is this the…

You, Too, Can Live Like the Rich and Famous

If you’ve ever bought a Powerball lottery ticket and fantasized about how your life would be fabulous if only you would win, it may be comforting to know that some of the super-rich live pretty much the way you live right now. At least some of the time. Multi-millionaires and billionaires obviously have the capital to do whatever they want, wherever they want, as often as they want. Many, however, opt to live modestly, focusing on growing their businesses and maintaining their wealth instead of how to spend their money. Some ultra-rich celebrities shop at Walmart, Target and the Dollar…

Exposing 7 Popular Money Myths

Myths about money are common. Just because you’ve heard a saying or two through the years doesn’t make it true. Take advice from financial experts and learn the facts rather than accepting these common money myths: Myth #1: All Debt Is Bad Carrying a huge balance on a credit card or taking out a high-interest loan to pay off other debt is not good financial management, but certain debts can help you move ahead and achieve your personal financial goals. Funding an investment – in your home or in your education – can be financially beneficial in the long run.…

Outsourcing Home Maintenance: Costs and Benefits

With a rise in services such as Angie’s List, Thumbtack and Zaarly, today you can outsource just about any home maintenance task. But should you? Before picking up the phone and shelling out the cash for maintenance help, consider the pros and cons of outsourcing home maintenance versus doing it yourself. You may find the cost is completely worth it. Or, you may decide to save instead. If you currently pay for a home maintenance service you’re not alone. A recent Bankrate survey found more than three in five homeowners use at least one recurring home maintenance provider. These services…

Save Big With Coupons

If you think couponing is about trimming squares of paper to save 25 cents on toilet paper, you have another thing coming. Couponing looks incredibly different in today’s digital age. Couponing has become much more streamlined and efficient, not mention more lucrative. Whether you are looking to pay down debt or hit a savings goals, learning to take better advantage of discounts and coupons really adds up. The Changing Face of Coupons Once upon a time, coupons were only found in the sales section of the weekly newspaper. Some papers came filled with sale inserts and manufacturer coupons on Sundays.…

5 Personal Finance Milestones in Your 20s

Your 20s is an amazing time of adventure, career building, self-discovery and building the foundation for a path to navigate your financial life. Reaching life’s biggest financial goals requires a plan that starts with a series of important financial milestones. Follow along to learn about five major personal finance milestones in your 20s and how to achieve those important goals. Building an Emergency Fund The first financial milestone of your 20s involves savings. Specifically, emergency savings. A GoBankingRates survey found nearly two thirds of Americans have less than $1,000 in savings. That means they can’t afford to fix a broken…

10 Thoughts About Money From Favorite TV and Movie Dads

For better or for worse, many of our attitudes about money come from our parents. And no matter their financial situation, profession, age, or number of kids, dads around the world have managed to spout the same cliché “dad-isms” about money to their families: “Money doesn’t grow on trees.” “Do you think I’m made of money?” “The barcode isn’t scanning? I think that means it’s free!” “You get what you pay for.” “Dad, I’m broke.” “Hi Broke, I’m Dad!” Of course, the luckiest of us have gotten some real pearls of financial wisdom passed down from our fathers … and…

7 Common Questions About Credit Reports

The whole credit reporting system can seem a bit mysterious. In fact, when you first realize you have credit reports and a credit score, it may feel a bit like being graded for a class you didn’t even know you were enrolled in! To help demystify this important aspect of your financial life, here are answers to seven common questions about credit reports. What Information Does My Credit Report Include? Today’s credit reporting system is designed to provide a “just the facts” summary of your financial track record. Your credit reports provide a summary of your credit history. They include…

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