Huffington Post Reader Question Dear Steve, I had an inactive credit card with retailer - Fashion Bug. I had not used the card in over 4 years, ...
I am now a 25-year-old woman from middle class "privilege" facing a crushing $60,000 of debt, with a 20-year loan repayment plan. I am still treading water each month, balancing multiple jobs. Is this how I am being "compensated" for my accomplishments, Mr. Reinharz?
A few years ago, we here at MIT Sloan School of Management looked in to launching an MBA track to complement the existing tracks in Finance and Entrepreneurship.
There is a growing body of empirical evidence that shows that the appropriate financial services help poor families in the informal economy of developing countries improve their lives.
If women take their increased earning power and make their financial security a priority, we will achieve the same type of success we have in closing the income gap.
Considering the influence credit scores have on almost every aspect of our financial lives, it's not surprising that so many people want to improve their credit score -- some even aiming for that perfect FICO 850. But is a perfect score really necessary?
Retirement is becoming real for pre-retirees, and many are concerned about whether they are really "retirement ready". No matter the source - holidays, retirement, work or family - stress can take a heavy toll on your health, mental state and wallet.
If I had it to do over again, I would have given myself some context for how much money $20,000 or $30,000 really was. I would have spent some time thinking through each of my options, to weigh whether this was a worthy investment or not.
Many people step up to act as their parents' (or other loved ones') financial guardians without thinking through the ramifications -- in particular, the serious commitment of time and effort required to manage the finances of a second household.
Some financial advisors want the best for your budget; others are a little more disingenuous -- they'll bully their clients into buying products they don't need. If you suspect that an advisor is trying to get the better of you, don't let yourself be prodded or pushed in the wrong direction.
It requires little more than a few hours each quarter for you to begin to get your finances on track and your head in the game. Once you get the hang of it, you can start to add in other pieces, like planning for your children's education as well as your retirement.
If you're like most people, the recession took a toll on your finances and probably your credit score. So how do you get it back to where it needs to be? There are a couple quick and simple ways to you can raise your credit score now.
Believe it or not, Christmas Eve is three months away. Consider yourself warned. This year, don't let procrastination invade your holiday. If you start planning and shopping now, it may very well be possible to get through the holidays debt-free.
What is the worst kind of debt to carry? Is it student loan debt, credit cards, a mortgage -- or something else? Even the experts don't always agree on which debts are "good debt" and which ones are "bad," so imagine how confusing it can be to consumers who are dealing with debt!
Credit scores are just one thing we can't seem to get right. In fact, a recent survey found that many of us are still confused about them. This confusion can have a significant impact on our financial future. A good credit score can save you a lot of money in the long run, but a poor score will cost you a pretty penny.
School expenses don't just happen once a year. Even if you checked off every item on your kid's back-to-school shopping list, don't put away your wallet just yet.
There is a looming crisis that threatens to confine a generation of young Americans to a life of limited opportunity and low prospects. Consider this statistic: by 2018, 45 percent of all jobs will require an associate's degree or higher.
When you sit down to draw up your plans for a kitchen or bathroom makeover or even a full home overhaul -- consider the following tips to help keep your costs manageable:
How often do you hear this: "If I leave the workforce, I'll be giving up $x in salary, which barely covers the babysitter's cost"? Rather than analyzing this based on a static point-in-time, it is more accurately thought of as a net present value calculation.
There is no more noble a contribution to society than participation in the service of the defense, perpetuation and safety of this country. The tax benefits that are in the law are yours and you have earned them. It is the least the country can do to thank you for your service.