Personal Finance

One of the biggest financial mistakes you can ever make is taking bad financial advice — or more accurately, applying financial advice the wrong way, at the wrong time, and for the wrong reason.
Following so-called “good” financial advice can actually get you into a world of economic trouble if you’re not careful. So, think about whether any of the following scenarios sound familiar when it comes to advice you might have taken — and later lived to regret.

finances back on track

How to Get Your Finances Back on Track

Q: “I do not have credit cards, but I do have loan obligations: monthly car note, insurance payments, rent and outstanding debt that I would

A frustrated woman sits on a couch with her hand on her forehead, while a man beside her, possibly a financial planner, holds several documents, speaking animatedly about the budget.

How Debt Can Ruin Your Relationship

Forget about lying, sexual incompatibility or infidelity. The real threat to your relationship may be your (or your partner’s) tendency to splurge on things that are outside your budget. As I often explain on Facebook, Twitter and in my financial seminars, the consequences of rampant over-spending — especially when using credit — are enormous. Not only are credit card delinquencies, bankruptcies and foreclosures on the rise, debt is even a huge factor in families being split apart.

children and financial literacy

How to Teach Your Children Financial Literacy

If you’re like most adults, you probably want your children, or any youngsters around you, to develop good financial habits. But if you’re like the typical American, you may also struggle when it comes to being a good financial role model for our youth. A study by Northwestern Mutual revealed that 71% of parents feel that children should begin learning about money no later than the 1st grade.

Generation Y

How to help Generation Y Survive the Great Recession

Young adults suffering through the Great Recession are having serious problems getting a handle on their spending, credit and debt woes, according to a new survey out from Western Union.

Illustration of a blue cup holding pencils and pens, placed next to a spiral notebook with a "To Do" list written on it, highlighting financial priorities.

Setting Your Financial Priorities This Year

When it comes to setting financial priorities, it’s all about planning and crossing some major “to do’s” off your list as early as possible ….

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