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Personal Finance

4 Things to Do When Your Credit Score Reaches 'Good' or 'Excellent'

Simple. Thrifty. Living. | Posted 04.14.2015 | Business
Simple. Thrifty. Living.

It wasn't easy, but your credit score just passed the 661 mark into "good" territory or the 781 mark into the "excellent" category. Congratulations, you're now a credit score champion! After you're done basking in your own glory, it's time to actually put that credit score to effective use.

13 Things to Consider If You Love a Person with Scary Money Problems

Amandah Blackwell | Posted 04.14.2015 | Business
Amandah Blackwell

Many people are struggling financially. What happens if you find yourself falling in love or in love with someone with money problems? Do you ignore your feelings and forget about the person? Or do you accept that some people have or had some money issues for one reason or another?

How I Lived Without a Credit Card for 25 Years

GOBankingRates | Posted 04.10.2015 | Money
GOBankingRates

If you're wondering why I'm so excited to be the owner of what is basically a Fisher-Price credit card, you have to understand the Napoleon complex that not having any credit gave me.

How Do You Value A Gift Of Stock? It Depends On Whether You're The Giver Or The Receiver.

Carrie Schwab-Pomerantz, CFP | Posted 04.08.2015 | Money
Carrie Schwab-Pomerantz, CFP

While your question is specifically about gift tax valuation, I'm going to expand my answer a bit. The recipient of a gift doesn't pay a gift tax, but when he or she decides to sell the stock, they have to calculate a value for income tax purposes.

Neither a Lender Nor a Borrower Be!

Yvonne Kariba | Posted 04.06.2015 | Money
Yvonne Kariba

If you haven't heard this saying; you probably live under a rock or haven't experienced the disappointments that come with leading anyone money. This saying was originally coined by Shakespeare, the great Poet and Playwright.

Social Security: Should You Wait Until Age 70 To Collect?

Carrie Schwab-Pomerantz, CFP | Posted 04.01.2015 | Money
Carrie Schwab-Pomerantz, CFP

t's human nature to want to get that Social Security check as soon as possible. But while collecting sooner rather than later is tempting -- and may very well be the right move for some -- your monthly benefit will be higher if you can be patient.

4 Types of Savings Addicts: Which One Are You?

GOBankingRates | Posted 04.07.2015 | Money
GOBankingRates

Saving money is one of the hardest things to do on a consistent basis. An estimated 28 percent of Americans don't have any money set aside for emergencies at all, and just under half of the American population claims to have less than three months' worth of household expenses saved.

How Age, Gender, and Marital Status Affect Your Car Insurance

Laura Adams | Posted 04.02.2015 | Money
Laura Adams

According to the study, marital status is almost as significant in car insurance pricing as age and gender. On average, a married 20-year-old pays 21 percent less than a single 20-year-old for the same policy

Will You Be Ready to Retire? Seven Things to Do Now

Barry N. Koslow, J.D. | Posted 04.01.2015 | Money
Barry N. Koslow, J.D.

Think ahead a few years or even a decade or two, perhaps. You will be 60, 65, 70, or maybe older. Company pensions will be a thing of the past and 401(k) plans will have not fulfilled their promise as savings vehicles to support you through a comfortable retirement. Will you be ready?

Why I'll Never Open a Joint Checking Account Again

MyBankTracker | Posted 03.30.2015 | Money
MyBankTracker

Joint bank accounts do offer some advantages in terms of convenience and simplicity, but there is a certain amount of risk that goes along with opening one.

20 Life-Changing Money Lessons You Learn in Your 30s

GOBankingRates | Posted 03.27.2015 | Money
GOBankingRates

It might be just as tempting to give in to careless spending, impulsive buying and paycheck-to-paycheck living, but at least you know better now. After all, you are about halfway to retirement, and these 20 lessons will help you get there comfortably.

Money Management Gap Between Parents and Teens Shows Need for Education

Jack E. Kosakowski | Posted 03.26.2015 | Parents
Jack E. Kosakowski

Many young people want to learn about managing money from their parents. A significant majority of teens we surveyed (84 percent) say they look to their parents for information about how to manage money.

Is A Debt Settlement Worth It?

Simple. Thrifty. Living. | Posted 03.26.2015 | Business
Simple. Thrifty. Living.

Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here's what you need to know to determine whether debt settlement is right for you.

Required Minimum Distributions: What Are the Dates And Deadlines?

Carrie Schwab-Pomerantz, CFP | Posted 03.25.2015 | Money
Carrie Schwab-Pomerantz, CFP

I'm turning 70 in a few months and know I'll be forced to withdraw money from my retirement accounts. How does that work and are there some special rules I need to be aware of?

How I Paid Off $50K Of Debt In Less Than 3 Years

Credit.com | Posted 03.25.2015 | Money
Credit.com

Graduating from college debt-free feels really good. When Ja'Net Adams got her degree from South Carolina State in 2003, she was one of those fortunate students who started her adult life without debt, and things went along really well for her. Then, in 2008, she lost her job.

Top 10 Reasons People Go Bankrupt

Simple. Thrifty. Living. | Posted 03.24.2015 | Business
Simple. Thrifty. Living.

In today's economic climate, personal bankruptcy has climbed at an alarming rate. Here are the top 10 reasons why people go bankrupt.

How to Eat Healthy and Affordable During Long Hotel Stays

Quora | Posted 03.24.2015 | Travel
Quora

Basically, the goal is to convert grocery store ingredients into tasty meals without the convenience of a kitchen full of appliances, utensils, and seasonings. You want to be able to go to the grocery store and get ingredients in small enough portions that you can use them all, without having to buy a million little things.

5 Essential Steps For Tackling Your Income Taxes

Andrew Plepler | Posted 05.22.2015 | Business
Andrew Plepler

Here are five important tips to help take the mystery out of tax preparation. These recommendations and resources show how a little preparation and organization can help ease the worry at tax time.

5 Bad Money Habits You Can Break Today

Credit.com | Posted 05.20.2015 | Money
Credit.com

When it comes to bad financial habits, there are some serious ones that can cost you thousands of dollars. Which of these habits are you guilty of committing?

Six Tips On Preparing For Tax Day

Carrie Schwab-Pomerantz, CFP | Posted 05.18.2015 | Money
Carrie Schwab-Pomerantz, CFP

But whether you prepare your own return or work with a tax professional, there are ways to make the process less burdensome. It all hinges on a bit of upfront organization, and having a basic understanding of how your tax bill is calculated.

The Millennial Mindset

Leisa Peterson | Posted 05.17.2015 | Money
Leisa Peterson

A few weeks ago I was leading a wealth seminar for a dozen women, all between the ages of 40-55. They were successful entrepreneurs, businesswomen with decades of experience and between them, thousands of contacts.

401(k) Plays for a Less Taxing Tax Season

Catherine Golladay | Posted 05.16.2015 | Money
Catherine Golladay

March Madness is upon us, and while college basketball fans across the country are busy trying to avoid any bracket busters, this is the time to focus on your tax bracket as well.

The Dangers of a Glass Half-Full: Don't Let a Sunny Outlook Threaten Your Finances

Scott Burns | Posted 05.17.2015 | Money
Scott Burns

Looking on the bright side may help improve your social life, health and career. Unfortunately, your optimism may also hide risks to your finances.

You Don't Have to Be Rich to Retire Happy (In Fact, Far From It)

Jeff Haden | Posted 05.17.2015 | Business
Jeff Haden

We all hope to retire someday -- the freedom to do more of what we want to do and less of what we have to do. But that kind of freedom comes with a price, right? Won't you need millions in assets and a six-figure annual income? Nope. You'll probably need a lot less in assets and income than you think.

The 10 Important Questions To Ask When Choosing A Checking Account

Andrew Plepler | Posted 03.12.2015 | Business
Andrew Plepler

When I opened my first checking account, I walked into my local bank branch with my paycheck and walked out with a fresh new checkbook and a feeling o...