Should I use a credit card or a debit card for this purchase? It’s a common question we ask ourselves from time to time. Different people have different strategies for how they pay for certain items, because the truth is, there is no one size fits all answer. Credit cards come with some obvious perks… Read More
FICO Plans Big Shift in Credit-Score Calculations (As reported by AnnaMaria Andriotis on www.wsj.com)
Read about how new credit-scoring system aims to ease loan approvals. “A decade after the subprime-mortgage binge nearly brought down the U.S. financial system, consumer lenders remain wary of borrowers with low credit scores. Banks have spent much of the past 10 years chasing ultra-creditworthy borrowers. Yet that slice of the market, which has grown… Read More
Eliminate Poor Spending Decisions (as reported by Gaby Del Valle on www.vox.com)
The saying goes, “The best laid plans of mice and men often go awry.” No matter how proactive we are about making a budget, growing our income, and planning our investments, poor spending decisions can wreak havoc on our personal financial plans. So how do we avoid poor spending decisions? This article from moneyning.com offers… Read More
Millennials Can’t Afford To Buy a Home (as reported by Miranda Marquit on www.moneyning.com)
It’s been frequently reported of late that millennials, those born roughly between ’78 and ’95, are not buying homes at the same rate as previous generations. And there has been much debate offered as to the reasons for that. A new study by Bank of America finds that, counter to the popular wisdom behind this… Read More
Personal Finance Manifesto (as reported by Allison Schrager on www.qz.com)
Rich people have always been able to afford to pay for the best financial advice available. That is part of the reason why they stay rich and the rest of us struggle to get by. But even without expensive advisors, lawyers and accountants, there is some simple financial advice we can all take advantage of…. Read More
Real Estate Investing Mistakes (as reported by Holly Johnson on www.thesimpledollar.com)
Popular HGTV shows make it seem like making money in real estate is so easy that anyone can do it. Find an old house for sale, fix it up, and sell it for a profit. What could be easier than that? Unfortunately, the majority of people who have tried this on their own end up… Read More
Is Student Loan Refinancing a Good Idea? (Guest Post by Andy Kearns of LendEDU)
With 44 million student loan borrowers currently owing $1.5 trillion in outstanding debt, it’s safe to say student loan debt has reached a critical point in the United States. With its heavy cost, many borrowers are forced to delay major life milestones like starting a family, buying a home, or saving for retirement. As more… Read More
MoneyPOWER Flyer
16th Annual MoneyPOWER Flyer 2018 Read More
Talking Money with Your College-Bound Kids (as reported by Mia Taylor on www.thesimpledollar.com)
Going to college is a big step in a person’s life. For many, it is the first time away from home. And that means learning to do a lot of things that were not previously required. Included in the list of new responsibilities one has when they go away to school is managing one’s finances…. Read More
Fixed-Rate vs. Adjustable-Rate Mortgages (as reported by Kailey Fralick on money.cnn.com)
Buying a home can be a daunting task the first time around. One of the big areas of confusion centers around the mortgage. We hear the terms “fixed rate” and “adjustable rate”, and have no idea what they mean or which one makes the most sense in our situation. This guide from CNN Money aims… Read More