Readers, can you help with this question? Another reader wants to know if he’ll be able to buy a home or condo right after graduating from college this year. He’ll be armed with a degree in accounting, already has a job lined up, and will have $30k in student loan debt. I’ll share my thoughts […]
Ponzi schemes—like the $50 scam allegedly run by Bernard Madoff—have been around for decades and, unfortunately, will likely continue to exist for years to come. Here’s how to recognize a potential Ponzi scheme and avoid getting burned.
In the post-2009 world, it takes a better credit score to get approved for credit cards and loans. Credit experts estimate it now takes a credit score of between 750 and 770 to qualify for most loans—even auto loans! Just a year or two ago, borrowers with credit scores in the high 500s and low […]
The reason I ask is how much money you have earned so far in your lifetime is not to focus in on “how much” income each of us has made or hasn’t made. I ask because most of us don’t know off the top of our heads, and because taking five minutes to add it […]
There is a bright side to all of this economic doom and gloom going around. If you’re poised to buy a home—or even a car—in the next few months, you’re going to get quite a deal.
Rather than explain mortgage rates every time I write about home financing, let me briefly explain the differences between fixed and adjustable rate mortgages, and mortgage points here. Good, clear mortgage information can be hard to come by, but I have tried to make everything as straightforward as possible here.
To everyone who called because I haven’t written lately: Thank you, I’m okay! Truth is, I’ve been preoccupied shopping, wrangling work, and planning an out-of-state move. But today, I saw a Salvation Army bell ringer (some of whom, incidentally, now accept credit cards). It reminded me to forget all the selfish stuff for a moment. […]
Ever wondered why toll both collectors wear latex gloves? Blogger PJ of Broke in the Suburb explains. She used to work as a bank teller and recently wrote all about why money disgusts her. Aside from all the nasty stuff she saw on cash itself, I never really thought about some of the sides of […]
Banks and credit unions want your business, and many offer new customers great perks like ATM fee reimbursement, totally free checking accounts, even cold hard cash. Problem is, swapping your primary financial institution isn’t as easy as, say, changing shampoo brands. Nonetheless, with a little planning, moving your money to a new bank or credit […]