The goal of retirement is to have enough money to live out the rest of your days comfortably. However, what happens if your spending outpaces your retirement income? Statistics are showing that having enough money to rely on for the entirety of retirement can be a challenging feat. According to the Social Security Administration, about […]
Five Ways to Avoid Running out of Money During Retirement Read More »
While being a driver for Uber or Lyft is a great way to earn extra income, it can also come with many tax benefits and disadvantages. Getting an understanding of what can help you at tax time is essential so that you do not owe Uncle Sam more than what you expected. Here are a
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College can be an exciting time, but paying off student loans isn’t nearly as fun. Unless you pay it back or you’re one of a rare few who receives student loan forgiveness, student loan debt can cause negative repercussions in other areas of your life. For example, you might not be able to get a
Is There an Optimal Strategy to Repaying Student Loan Debt? Read More »
Have you ever waited until the wee hours of the morning to study for an exam at the very last minute? Or you didn’t make a dentist appointment until you found out you had a cavity? We can all be guilty of procrastinating. It’s easy to save something for tomorrow. The funny thing is, tomorrow
5 Ways Procrastination Can Lead to Financial Struggle Read More »
Anyone who’s ever been in debt knows one thing: it doesn’t make life easy. In fact, debt can have many negative effects on one’s livelihood. For example, having large amounts of outstanding debt can negatively affect your ability to obtain any type of credit, such as a credit card or a loan. Similarly, if you
Debt Snowball Vs. Debt Avalanche: Which is the Best Approach to Pay off Debt? Read More »
Have you ever walked into your living room, bedroom, or basement and felt as if the mountains of clutter would never end? The disorganization and difficulty in finding the documents or items you need can make daily life much more challenging and unclear. If you think you are alone in dealing with clutter, the data
The True Cost of Having Clutter in Your Life Read More »
Are you mismanaging your credit with your significant other or anyone else? Have you let the heartstrings get pulled again? Have you cosigned for somebody or something whom you know is financially irresponsible? If you know that person couldn’t get a bank loan, a traditional loan, or a credit card on their own… but then you
Mismanaging Your Credit Read More »
If you’re in the market for a loan, chances are that lenders are going to assess something called your “DTI” – also known as your Debt-to-Income ratio. What Exactly is a DTI? And, how can you improve it in order to get that loan that you want? How DTI is Calculated First of all, you
DTI or Debt-to-Income Ratio Explained w/Video Read More »
Saving money, and especially having an emergency fund, is actually incredibly important. Here are 7 reasons why you should save more money and working toward building your emergency cash cushion.
7 Reasons to Save More Money or Boost Your Emergency Fund Read More »
For Black Womens Equal Pay Day: a lesson to my sisters in knowing your worth and a call to demand more: Sign-up now for The Art of Negotiating For Women on Money Coach University Back in 1994, a senior editor at Dow Jones News offered me a good salary, lows $40s, for a job as a financial journalist. I countered &
A Message for Black Women’s Equal Pay Day Read More »
Have you ever received a phone call from the IRS – or from someone claiming to be from the IRS – about an alleged tax debt? If so, you need to know that any such phone call is almost certainly a scam also known as the IRS Collection Scam! The IRS will NEVER call you
Beware of Fake IRS Collection Scam Read More »
It’s official: the U.S. and China are formally locked in a high-profile trade war. On Friday July 6, 2018, the U.S. hit China with tariffs on $34 billion worth of goods, mostly high-tech items, like aerospace and robotics products, as well as semiconductor chips for cars, computers, smart phones and TVs. China then immediately levied
What a Trade War With China Means For Your Money Read More »
Q: My boyfriend and I been together for over 15 years. We have joint savings and checking accounts. We planned on getting married. However, after he won a settlement that was deposited in our joint account, he wants out of the relationship. Can I get in trouble for taking the money out of the account
Splitting Up and Not Married – Whose Money is it Anyway? Read More »
Q: Is there a way to lower my credit card interest rate so I can pay my credit card’s balance off faster? A: Thanks for reaching out and for your question. Believe it or not, the best way to get a lower interest rate on your credit card is to just call up the bank/creditor
How to Negotiate a Lower Interest Rate on Your Credit Card Read More »
A home equity line of credit, or HELOC, is a popular way to finance everything from home remodeling or repair to debt consolidation, or even a vacation. If you’re a homeowner, you’ve probably heard of them, but should you apply for one? Here’s what you need to know. What is a HELOC? A HELOC is
Is a HELOC Right for You? Pros, Cons, and Considerations to Make Read More »
