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?
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
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?
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?
There are a seemingly never ending supply of scams and ripoffs designed to take your hard earned money away from you. Some con artists use simple methods to extract money from their victims, while others use a more sophisticated style. The Ponzi scheme can fall into both categories; both types will end up with you … Read moreWhat is a Ponzi Scheme and How to Avoid It
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
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?
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
Renting can be a wise choice for many housing situations. Buying a home is a long term, somewhat permanent, big investment of time and money. Renting an apartment, condo, townhouse, or house is much easier. All you have to do is live in the home, take care of it, and pay on time. The rest … Read more7 Things to Consider When Renting an Apartment
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