A credit score is a portrait of someone’s credit history, valued as a round number between 300 and 850. Your score is used primarily by creditors as a way of determining how likely you are to pay off your debts. This, in turn, determines what kind of loans will be available to you. There are… Read More
PERSONAL SAVINGS CALCULATOR (AS REPORTED BY SAUNDRA LATHAM ON WWW.THESIMPLEDOLLAR.COM)
In the years since the Great Recession, we have seen the average savings rates of Americans rise. And that’s a good sign. Savings are a good indicator of the financial well-being of the country. For individuals, saving money means you are spending less than you are making. And that’s the best way to build wealth… Read More
LIFE SPANS: RICH VS. POOR (AS REPORTED BY MICHELLE HACKMAN ON WWW.VOX.COM)
While many of us don’t often think about life expectancy as a personal finance or economic issue, the two are closely linked. For example, depending on how long someone expects to live, he or she can calculate how much money they need to save for retirement. And a new report from the New York Times… Read More
FOR COUPLES MERGING FINANCES (AS REPORTED BY SAMANTHA COONEY ON WWW.MASHABLE.COM)
An important milestone in all of our lives is finding a spouse. This is also a critical point in your financial life. All couples encounter the moment when your finances cease to be yours alone, and begin to be “ours”. When couples merge their finances, there are several steps they should take to make the… Read More
HOW MUCH TO INVEST IN STOCKS (AS REPORTED BY DAVID A. LEVINE ON WWW.NYTIMES.COM)
For a long time, the most prominent financial analysts and advisers told Americans that the best investment they could make was buying a home. Now, almost ten years after the collapse of the US Housing Market that triggered the Great Recession, that prevailing advice has changed. David A. Levine, writing his column for the New… Read More
HOW MUCH SHOULD YOU SAVE? (AS REPORTED BY FINANCE EXPLAINED ON WWW.MASHABLE.COM)
We all know that we should be saving money, but many of us wonder how much money we should actually be socking away. The answer? At least 20%. So say the personal finance experts at Finance Explained, who put together this video for Mashable. That 20% should be divided among three different categories of savings… Read More
THE CASE FOR OWNING A HOME (AS REPORTED BY TIMOTHY B. LEE ON WWW.VOX.COM)
Traditionally, housing was viewed as one of the safest, smartest investments average Americans can make. Then came the spectacular collapse of the housing marketing, and the overall economy in 2007-2008. Now, when financial experts talk about housing, they can’t seem to agree on whether buying a home is a smart investment or not. But what… Read More
w!se Helps Domestic Violence Survivors in San Diego Lead Financially Independent Lives
NEW YORK, N.Y. – Working in Support of Education (w!se) is excited to announce the spring launch of its MoneyW!SE program for Survivors of Domestic Violence in San Diego took place on March 1, 2016. The program is made possible through generous funding provided by The Allstate Foundation. Read More
w!se Helps Domestic Violence Survivors in NYC Lead Financially Independent Lives
NEW YORK, N.Y. – Working in Support of Education (w!se) is excited to announce the spring launch of its MoneyW!SE program for Survivors of Domestic Violence in New York City took place on March 1, 2016. The program is made possible through generous funding provided by The Allstate Foundation. Read More
FREQUENTLY ASKED STUDENT LOAN QUESTIONS ANSWERED AS REPORTED BY GREGORY DEPALMA ON BLOG.PERSONALCAPITAL.COM)
Today’s news is abuzz with student loan stories. We have become a nation in debt, not just with mortgages and credit cards, but with students who financed their education with government loans and are left paying them off the rest of their adult lives. For that reason, there are lots of questions that people have… Read More