During many of my financial seminars I’ll meet someone that is thinking about investing in real estate. Usually these people have little or no credit card debt and are in a comfortable position financially. Often times they have heard that investing in real estate for a tax purpose – specifically speaking, a tax deduction – […]
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Summer’s over, but it’s not too early to plan for next summer’s fun. And I can’t stress enough the importance of planning ahead when it comes to saving money and improving your finances. Although we just celebrated Labor Day, and the so-called end of summer, if you have kids, you might want to start
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If one of your financial resolutions is to become debt free, you may be looking at a pile of bills and fretting over how you’ll pay them all. Well, don’t despair. There are many techniques you can use to help eliminate your debt this year—even if you have limited funds. Try the following five strategies to
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If you’re struggling to balance your budget each month or just keep finding yourself on the verge of a financial crisis, it may be time to shift your perspective on how to manage money. Many of us are standing in our own way when it comes to managing money effectively because we have false beliefs
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One of the important parts of financial planning involves dealing with your child’s current or future college expenses. Even though you want your child to avoid dealing with the stress of heavy student loans right out of college, you also don’t want to make too many sacrifices that would obliterate your own finances. Here are some
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Student loan repayments are increasingly taking a big financial toll on many U.S. households. Americans now owe $1.2 trillion in student loan debt, and the average college graduate from the Class of 2014 has about $33,000 in student loans. Unfortunately, more than one in eight outstanding student loans is currently in default, recent data released
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A subscriber to AskTheMoneyCoach.com is getting married, but recently filed for bankruptcy. The person wants to know how her bankruptcy will impact her future spouse’s credit report. According to recent data from the American Bankruptcy Institute, there were 1.2 million personal bankruptcy filings in the United States in 2012. If it’s increasingly difficult for you to
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A reader of AskTheMoneyCoach.com wrote me because she felt that her student loans were holding her back, and had become a big financial problem. As it turns out, her real money problem isn’t the higher education debt she has – it’s the chronic unemployment situation she’s endured. Economists say you are technically among the ranks
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I recently wrote about the pros and cons of taking on 72-month or 84-month car loans. If you read my previous article, you no doubt noticed that there were a lot more “cons” than “pros.” With all of these cons, it’s no wonder that some financial pros, like Clark Howard, say that you should just
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If you’re in the market for a new car, chances are you want to keep your payments as low as possible, preferably under $500 a month. Car dealers know this, which is why 6 year or 72-month car loans are more popular than ever. Even 7 year or 84-month car loans – yes, some auto
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You may have taken out a student loan several years ago, but have you ever wondered how it affects your credit score? In the eyes of a lender or creditor, a student loan is another debt but the financial ramifications of a student loan on your credit score are different than standard loans. Federal Student
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Results of a study recently released by the Urban Institute revealed that more than 35 percent of Americans are behind with debt collectors. Falling behind on credit card bills or even missing a few payments for that cellphone can be reported to the credit bureaus and hurt your credit score. It’s a disturbing trend among Americans
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U.S. businesses are increasingly courting women customers. And it’s easy to see why. More and more women are taking an active role in managing their family’s finances, and 44% of all females in America are the primary breadwinners in their households, according to a 2014-2015 study from Prudential. Perhaps that why salespeople, business owners and
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Most Americans want to better budget and manage credit and debt wisely. But the problem is, they don’t know where to start or how to use a number of free tools available to them. So if you missed my interview on Street.com, here are five personal finance tips — as well as five of my
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Q: I’m only working part-time, my job hours just got cut, and my rent is already past due. How can I avoid getting evicted? A: To avoid eviction when your rent is due in a short period of time, you have at least four options.
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