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Should You Pay for Your Kid’s College Living Expenses?

Should You Pay for Your Kid's College Living Expenses? 1

A child born today that goes to college will pay over $200,000 in tuition and fees for the¬†privilege. While most students will not pay “sticker price” due to scholarships and grants, you are still talking about a ton of cash. To generate $200,000 in 18 years of investment, you would need to save $4,370 every … Read moreShould You Pay for Your Kid’s College Living Expenses?

Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts 4

Saving up a significant cash savings or an emergency fund capable of holding 12 months of living expenses is a Herculean effort in of itself. Once you have managed such a feat, the next question becomes what do you do with the money? Having it sit inside a big bank account earning 0.20% interest doesn’t … Read moreComparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

What is Student Loan Deferment and Loan Forbearance?

What is Student Loan Deferment and Loan Forbearance? 7

For many Americans, student loans are a way of life. Their parents had them and graduated with debt, and the unfortunate tradition has been passed down to the next generation. During the boom years of the past decade, having student loans wasn’t necessarily a huge problem. You could go flip houses or earn an ever … Read moreWhat is Student Loan Deferment and Loan Forbearance?

Should You Pay to Track Your Credit Score?

Should You Pay to Track Your Credit Score? 10

The American public is inundated with advertisements to help you increase your credit score, get your credit score, or track your credit score over a period of time. Knowing your credit score is very important for specific financial decisions in your life such as qualifying for a home mortgage or buying a car with a … Read moreShould You Pay to Track Your Credit Score?

How to Deal with Debt Collectors and Stop Harassing Calls

How to Deal with Debt Collectors and Stop Harassing Calls 16

Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. The collection agency buys your debt for pennies on the dollar and any money they get you to pay … Read moreHow to Deal with Debt Collectors and Stop Harassing Calls

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado? 19

When you talk with a lender about getting a mortgage on a home, one of the requirements you will discover is the need for homeowners insurance. This insurance covers your home in the event it is damaged in a storm or due to a fire. The lender requires you to hold this insurance because they … Read moreDisaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

How to Work With a Contractor and Not Get Ripped Off

How to Work With a Contractor and Not Get Ripped Off 22

What could be worse than a natural disaster coming through your area and seriously damaging your home? It seems that nothing could: you’ve got water or mud in your home, the roof is leaking (or has a big hole on it), and the siding is full of dents. You survived the storm and it can’t … Read moreHow to Work With a Contractor and Not Get Ripped Off

What Do Closing Costs Include When Buying a Home

What Do Closing Costs Include When Buying a Home 28

Buying a house is a big undertaking with a lot of legal paperwork filled with fine print. It can be overwhelming to understand exactly what you are signing and what you are actually paying for. One big piece of buying a home is paying the closing costs. But what exactly are closing costs? What is … Read moreWhat Do Closing Costs Include When Buying a Home