If you’re thinking of making extra payments on your mortgage in order to more quickly eliminate your house note and become debt free, you may be wondering: “How much money will I save or how many years will I knock off my mortgage if I send in extra payments to my bank?”
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If you’re in the giving mood this holiday season, there’s certainly no shortage of charities, non-profit groups and social services agencies that could use a helping hand.
Tax Tips For Holiday Giving and Donations Read More »
Actor Stephen Baldwin was arrested for alleged state income tax evasion, according to authorities in New York. The New York Daily News reported that Baldwin owes more than $350,000 in back taxes to the Empire State for the years 2008, 2009 and 2010.
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Q: If I am a little late with a credit card payment, do you automatically get late fees, a higher interest rate or will it hurt my credit rating? A: You should try your very best to be timely with all your credit card payments, because if you are late on a bill, you do
Will a Late Payment Hurt My Credit Rating? Read More »
Any type of financial crisis can wipe out your savings account and have you saying goodbye to your safety net or financial cushion. While adjusting your budget after a financial downfall can help you get things back on track, you’ll need a plan to recreate that safety net. “Finding” money to build up another emergency
Best Ways to Create a Safety Net After a Financial Downfall Read More »
Many people ask me about various payment strategies to eliminate debt. So in this post, I’ll offer some guidance on how to effectively reduce debt and keep your finances strong. Specifically, let me answer the following question someone recently asked: Q: Can you reduce the payoff on a credit card by paying bi-weekly or weekly
Credit Card Payment Strategy: Do Bi-Weekly Payments Reduce Debt Faster? Read More »
It’s a question all consumers struggling with debt will have to confront at one point or another: Should I use my savings to pay off my credit card bills? Generally speaking, I don’t think it’s a wise idea to tap into savings, especially things like retirement savings, in order to pay off credit card debt.
Should You Use Savings to Pay Down Debt? Read More »
When it comes to your credit card bills, there’s no hard and fast rule about how much you should pay above the minimum payments. But generally speaking, if you can’t pay off your balances in full each month, you should strive to pay as much as possible to keep your debt from spiraling out of
How Much Over the Minimum Should Your Credit Card Payments Be? Read More »
Why wait until January 1st? It’s not too soon to come up with a New Year’s resolution for next year. If you want to improve your personal finances, here are three money-management resolutions to make – and stick with – in the coming year.
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If you’re a lottery player – and even if you aren’t – you’ve probably heard that Wednesday’s upcoming PowerBall jackpot is expected to hit or maybe even surpass a record $425 million. I’m the first to admit that a mega cash windfall like that is enough to make you salivate – and probably want to
As PowerBall Jackpot Hits $425 Million, Be Careful What You Wish For Read More »
Like a binge drinker who chugs back one too many shots and regrets it the next day, you might be experiencing a peculiar hangover of your own – a financial hangover brought on by excessive shopping on Black Friday and Cyber Monday. By some estimates, 147 million Americans headed out shopping Black Friday weekend. Some
4 Cures for a Black Friday or Cyber Monday Shopping Hangover Read More »
Anytime you and another person plan to have any dealings that involve money, you should put the terms of the deal in writing. This wisdom goes for roommates who plan to live together, people who loan money to relatives, friends who start a business together, and even for celebrities who plan to launch joint ventures.
If you or a loved one is awash in credit card debt, the situation might look hopeless. After all, you may be staring at thousands of dollars worth of credit card bills with no real idea about how to eliminate that debt. Some people simply try to pay off high interest rate debt first. But
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If you’re out of work or looking to start your own business, beware of scores of employment scams now operating nationwide. The Federal Trade Commission is cracking down on companies making bogus job offers to Americans.
Beware of These Job Scams and Fraudulent Offers Read More »
Charging on your credit cards excessively during the holidays is a surefire way to have a debt hangover when the New Year rolls around. So no matter how much you want to take part in holiday festivities and door-buster sales, it’s obviously a bad idea to engage in unbridled spending using the plastic in your
The Best Credit Cards to Use During the Holidays Read More »
