6 Types of Loans You Don’t Want to Cosign
If you’ve been asked to cosign a loan to help out a friend or family member, you may need to think twice before signing on the dotted line. The loan you are cosigning for may come at a price and if the borrower ends up defaulting on the loan, you could be responsible for a […]
Student Loan Forgiveness Programs and Where to Find Them
Millions of Americans have student loan debt – from recent college graduates to people in their 60s. Student loans are the one form of debt you typically can’t get rid of in bankruptcy court, so this debt can stay with you for decades if you don’t pay it off. Here are frequently asked questions about […]
10 Ways to Avoid Holiday Debt Now
You’ve probably noticed that retailers are already gearing up for the holidays. So whether you’re ready or not, you’ll soon start seeing a lot of holiday-shopping advertisements, as well as in-store promotions. It’s fine to do some early buying, but you do have to be cautious about over-spending. If you want to avoid holiday debt, […]
How to Plan for Future Financial Goals and Juggle Today’s Bills
It’s an age old financial dilemma: you want to save for the future – maybe to better prepare for retirement or to help pay for your kid’s college education – but you’re dealing with today’s bills. So how do you strike a proper balance and juggle current obligations while simultaneously saving for the years ahead? […]
5 Lies Debt Collectors May Tell You
Dealing with debt collection agencies is never pleasant and you may find that some are especially persistent —and rude. While debt collectors are required to follow certain laws and regulations, many are guilty of bending or breaking the rules. It’s important to remember that debt collectors are trained to do everything possible to collect the […]
How Long Negative Information Can Stay On Your Credit Report
If you are diligent about monitoring your credit report regularly and take steps to maintain a healthy credit score, you may be wondering how long negative information such as delinquent accounts, judgments, and other adverse information stays on your report. By law, certain types of information must be removed from your credit files within a […]
Tips for Managing Your Car Loan
If you’re feeling overwhelmed with bills lately and your car loan payments are putting a dent in your budget, take some time to review your loan agreement. Whether you’re dealing with overdue payments or just want to be more organized with your finances, you do have some options that you might have overlooked. Here are some […]
4 Reasons That Most Millennials Don’t Have a Single Credit Card
A new study from BankRate.com has found that 63% of Millennials in the U.S. – those between the ages of 18 and 29 – don’t have a single credit card. I’ll admit: I was initially surprised by this new data. At first blush, I wouldn’t have guessed that young adults would be opting out of […]
How to Deal With Credit Card Debt You Can’t Afford to Pay
A reader on AskTheMoneyCoach.com wants to know what to do about debt she can no longer afford to pay due to the loss of the family’s primary breadwinner.
How to Keep Hackers From Ruining Your Financial Life
Hackers have victimized tens of millions of Americans lately by stealing personal information ranging from credit card accounts to Social Security numbers. With such information, a hacker or identity thief can open new loans or accounts in your name, file a fraudulent tax return, or even empty your bank accounts of cash. Unfortunately, there have […]
5 Budgeting Tips for College Freshmen
The first year of college is an exciting time for most students, but the lifestyle change can cause some anxiety and stress. Living away from home also means college freshmen need to manage their own budgets and make smart money decisions. Studies show that one of the reasons many students drop out of college is because […]
Video: Risk of Buying Real Estate for a Tax Purpose
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 – […]
How to Save Money at Six Flags Theme Parks – Flash Sale Alert
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 […]
5 Ways to Get Debt Free
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 […]
5 Money Myths that Are Hurting Your Finances
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 […]