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Personal Finance

The Day I Told Oprah About Overcoming the Shame of Being HIV-Positive

Malcolm "MJ" Harris | Posted 10.01.2014 | Gay Voices
Malcolm

Loved ones kept encouraging me to be more open about my status as a path to healing my shame, but the thought literally petrified me. Would people judge me? Would my status distract them from the accomplishments I had made?

Your Finances: Sitcom or Melodrama?

Richard Barrington | Posted 09.30.2014 | Money
Richard Barrington

The type of TV show or movie your finances would make is a good clue to what shape those finances are in, and how effectively you handle them.

How To Avoid The Payday Loan Debt Cycle

NextAdvisor.com | Posted 09.30.2014 | Money
NextAdvisor.com

The premise is simple: borrow the amount you need plus a fee per $100 borrowed now, pay it back when your next paycheck arrives. Unfortunately, what often ends up happening is that the borrower can't pay back the amount borrowed within 14 days.

When Less Is More: A Closer Look at Higher Education

Mindy Crary | Posted 09.30.2014 | College
Mindy Crary

Hundreds of thousands of high school seniors will apply to college this year, in hopes of being accepted by their first choice. However, is the higher monetary cost of a more elite university worth the added sticker price?

How To Budget For Life In The Big Apple

LearnVest | Posted 09.25.2014 | Money
LearnVest

The rents in this town are some of the highest in the country -- three times the national average. And while you may be able to save money on certain expenses -- like transportation -- the temptation to splurge on too many fancy dinners or indulge that shopping habit can be tough to resist.

5 Most Common Mistakes People Make with Life Insurance

Jacob Gold | Posted 09.24.2014 | Money
Jacob Gold

Not many are focused on thinking about life insurance. But actually, September is Life Insurance Awareness Month (who knew?), so it is a natural time to focus on this topic.

Do You Have To Pay Income Taxes On Social Security Benefits?

Carrie Schwab-Pomerantz, CFP | Posted 09.24.2014 | Money
Carrie Schwab-Pomerantz, CFP

When it comes to income taxes, many people think only of the money they earn in a paycheck. But the reality is that there are many other types of income that are subject to ordinary income taxes. And all of that income, in turn, can trigger taxes on Social Security benefits.

When To Trust Or Not Trust A Credit Repair Service

Simple. Thrifty. Living. | Posted 09.24.2014 | Money
Simple. Thrifty. Living.

Credit repair can be a very spammy business, so much so that the government has gone to great lengths to regulate the services as much as possible. Even though there are rules that credit repair services must abide by, it doesn't mean that all of them do.

This Year's Must-Have Benefit: The 401(k)

Catherine Golladay | Posted 09.23.2014 | Money
Catherine Golladay

We know the 401(k) is crucial to retirement for most people, but knowing how to make the most of it is just as important.

What Donald Trump and Jim Cramer Have in Their Wallets

GOBankingRates | Posted 09.23.2014 | Money
GOBankingRates

When it comes to matters of the heart and wallet, we wanted to know what these life and finance gurus carry around with them.

8 End-Of-Year Tax Measures That Could Save You Big

WiserAdvisor.com | Posted 09.23.2014 | Money
WiserAdvisor.com

April 15th isn't the only deadline you need to keep in mind when it comes to staying on top of your taxes. Truly savvy planners also watch for December 31st, which is the cutoff to make some clever moves to maximize your savings come tax-time.

How to Compare and Analyze Different Asset Classes

Anthony Humpage | Posted 09.23.2014 | Money
Anthony Humpage

Over the past 20 years, the home has increased in value by approximately 175 percent. This revelation got me thinking about asset classes and how they generally perform over a 20-year period.

What Would You Do If Someone Gave You $5,000?

Simple. Thrifty. Living. | Posted 09.22.2014 | Money
Simple. Thrifty. Living.

Investing your windfall into the right financial situation can actually make you more money in the long-run, which means you'll have that money for a trip to Paris AND the flat-screen TV.

The 8 Biggest Financial Mistakes Newlyweds Make

LearnVest | Posted 09.18.2014 | Weddings
LearnVest

So what are the most common financial blunders that newlyweds tend to make? We asked financial pros to pinpoint the eight biggest offenders -- and then offer up some advice for how to help right them early on.

What Everyone Needs to Know About Money

Quora | Posted 09.20.2014 | Money
Quora

Come up with ten ideas for how two people can help each other. Introduce them and stay out of the way. This is real networking. Not fake networking where people hand business cards to strangers.

Here's How Unfair The Tax System Is In Each State

The Huffington Post | Kevin Short | Posted 09.19.2014 | Business

Most people don't love paying taxes, though they agree on the need to fork over some money to keep the government running. But what type of system do ...

Can You Dip Into Your IRA To Buy A First Home? Should You?

Carrie Schwab-Pomerantz, CFP | Posted 09.17.2014 | Money
Carrie Schwab-Pomerantz, CFP

Yes, the IRS does allow penalty-free withdrawals of a limited amount of IRA funds for first-time homebuyers. However, as enticing as it appears, taking that withdrawal comes with certain caveats that you need to carefully consider.

The Top 3 Credit Cards For Studying Abroad

John Ganotis | Posted 09.17.2014 | Money
John Ganotis

If you plan to study abroad this year, relying strictly on cash and debit cards can be a gamble. Cash can easily be stolen. Debit cards can charge foreign transaction fees and don't have the same protections as credit cards. Rather than relying on cash, consider using credit cards responsibly for your overseas spending.

Travel Like a Pro Without Bankrupting Your Savings

Amandah Blackwell | Posted 09.17.2014 | Travel
Amandah Blackwell

You have the option to spend thousands of dollars on a luxury vacation, and there's nothing wrong with that. Or, you could travel on a budget. Either way, learn how to save for travel and take a vacation each year.

7 Biggest Financial Fears and How to Overcome Them

GOBankingRates | Posted 09.17.2014 | Money
GOBankingRates

GOBankingRates recently conducted a survey to find out people's biggest money fears -- here are seven financial fears highlighted from our poll and how to overcome them with some planning and financial savvy.

4 Reasons Credit Cards Are Better Than Cash

Simple. Thrifty. Living. | Posted 09.16.2014 | Money
Simple. Thrifty. Living.

If you are tempted by credit and can't be counted on to control your spending habits, then by all means, stick to cash. However, if you are able to use your credit card like cash and pay off your balance at the end of every month, credit cards can offer some great benefits.

Your Money or Your Life? Why Not Both?

Jim Gibson | Posted 09.15.2014 | Money
Jim Gibson

You may have heard some buzz circulating around the Internet about the idea of your money or your life. Sounds simple in theory, does it not? Yet, pause for a second and consider whether or not this is actually the wrong question.

Life Insurance Advisor: Out of the Closet

Don McNay | Posted 09.13.2014 | Business
Don McNay

I've called myself other titles, masking that my income comes from the life insurance industry. There are multiple reasons why my lifetime occupation became a semi-hidden secret. The industry itself went through the same kind of identity crisis.

What Wealth Isn't

Richard Barrington | Posted 09.15.2014 | Money
Richard Barrington

Perhaps one reason so many Americans find it difficult to build wealth these days is that they are aiming at the wrong target. They get lured by decoys -- things that might seem like wealth, but in the end do not have its true staying power. Here are some of those decoys.

Rihanna and 8 Other Celebrities Who Sued Their Financial Managers

GOBankingRates | Posted 09.12.2014 | Money
GOBankingRates

When you rake in millions of dollars each year, it can be hard to find a financial manager who doesn't want to take a big cut of that -- with or without their permission. Here are the top nine celebrities who have sued their financial managers for mismanaging and stealing funds.