This may seem like a strange question coming from me. As a huge proponent of saving, my usual advice is to save early and save often. Mostly I think there isn't any such thing as saving too much. However, if you have debt, and you are finding it difficult to pay it down while you … Continue reading Are You Saving Too Much?
If you need money and you have money in your retirement account, it can be very tempting to borrow from it. It is your money after all. Most retirement plans allow participants to borrow against their balances. About one in five 401(k) participants have an outstanding loan, and over a five-year period, almost 40 percent … Continue reading Four Hidden Reasons to Never Borrow From Your Retirement Plan
So you've found your perfect match. He's funny, kind and hard-working. You love doing the same things, especially together. But after finishing grad school, he has a mountain of student loan debt. Is he still the one? These days 17 percent of student borrowers have more than $50,000 in debt. That debt load comes with … Continue reading Love and Student Loans: 4 Tips to Make it Work
If you have a high school junior at home, you may have spent the week of spring break touring a few college campuses. It's the perfect time to kick off the college selection process with your prospective college student. You want the world to be your child's oyster, and no one wants to talk about … Continue reading Don’t Gloss Over the Cost of College
Credit scores are an important number. They will determine whether you can get a loan and how much interest you will pay. They can also determine whether you can rent an apartment, and it is becoming more common for employers to check your credit score before they hire you. Unfortunately, the credit score carries a … Continue reading Your Credit Score Demystified
Welcome to 2018. Now that the Christmas decorations are put away, the champagne has been sipped and the resolutions made, it is time to get down to business. If one of your resolutions was to pay down your credit card debt, there is a tool you may not have considered that can give you a … Continue reading Fight Credit Card Debt with a Credit Card
https://youtu.be/mb57DHqTClI Forget the birds and performing artists. These are the 12 gifts of financial security! On the first day of Christmas my true love gave to me a fund for emergencies On the second day of Christmas my true love gave to me a budget for expenses and a fund for emergencies On the … Continue reading The 12 Days of Financial Security for Christmas
When my husband, Jeff, and I were in the market for our current home, we took the steps you usually do to make sure we could jump on our dream home should we find it. The biggest part of that was getting pre-approved for a mortgage loan. After submitting all our information to the bank, … Continue reading How Much Mortgage Loan Can You Afford?
What creeps up on you without you even being aware? It gradually but surely takes away your freedoms and keeps you from doing the things that are important for your future. It takes away your sense of security and control. This evil monster is debt. Debt is an insidious thing. While it lubricates the gears … Continue reading The Monster Lurking in Your Bills
I often get asked whether you should pay off your mortgage early. In these times of low interest rates it doesn't seem like you gain much when you do. For a number of reasons, paying down your mortgage shouldn't be your first priority, but if you are otherwise out of debt, and you are meeting your … Continue reading Paying Off Your Mortgage is Worthwhile Despite Low Interest Rates