Grace periods are the time between graduation and when you need to start making payments on your student loans. Deferment allows you to stop making payments so you can return to school. Forbearance stops the payment requirement due to hardship. But caution is needed when using each of these options. Interest is most likely accruing while you are not making payments.
I think there’s some truth to the title of Larry Wignet’s book You’re Broke Because You Want to Be. Heck, I’m broke because I made the (albeit uninformed) decision to buy things I couldn’t afford for about five years. But I don’t want to be broke anymore, and if you don’t either, here are five […]
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Eating out—whether it’s at nice sit down restaurants or a drive-through window—is one of the biggest leaks in a lot of people’s budgets, including mine. Eating out has always been money-sucker for me. And eating out is hard to stop doing because after a while, where we eat becomes more than a choice—it becomes a […]
Mary writes: Since turning 18 (I’m now 26), I have already amassed nine different credit cards with a combined credit limit of around $30,000. I’m paying down a combined credit card debt on four of these cards of about $20,000. I’d like to close out accounts I’m not using and as I pay them off, […]
Soaring gas prices have sparked a newfound national interest in a very old piece of technology: the bicycle. I’m in the process of preparing to make my 14 mile round-trip daily commute by bike. While I’m doing it mostly for fitness, fun, and the environment, it will surely save money too. Here are a six […]
IMPORTANT: This article applies to a tax credit in 2008 and 2009 that has now expired. Use this information for historical purposes only. The information here does NOT apply to current tax years. Did you know that if you are an American buying your first home between April 9, 2008 and July 1, 2009, the […]
I’ve always figured banks actually want you to overdraw your checking account so they can score a fee, but I had no idea banks manipulate transactions to cause overdrafts, as SmartMoney.com reports. Here are the two most shocking tricks banks use, and how you can fight back.