But we all have heard the stories -- or perhaps you have one of our own -- of a parent opening up a credit card bill to find hundreds of dollars in charges from iTunes or Amazon. So how do we, as parents, start to instill good financial values in children?
If you have credit problems and you're facing those annoying calls by collections agents, here's how you can hit a home run to clear those accounts off of your credit report and improve your credit score.
Clients should protect themselves by always asking their adviser straight-up: are you a registered investment adviser? Only those three exact words will tell the tale. And they should get it in writing -- to prove they aren't a muppet.
Every investor should be concerned with the risk of their portfolio. Yet, in my experience, few are. Whenever I use the words "standard deviation," which is a measure of risk, I can see a glazed look come over my prospective client.
As a consequence of an aging population, more working Americans are finding themselves faced with saving for retirement while sandwiched between financial obligations to children and to parents and older relatives.
We have been a culture of great spenders, living on credit putting off until tomorrow what we should really do today. Our habits are set and it's more challenging to climb uphill than to coast effortlessly in denial of what lies ahead.
While talking to your roommates about household finances can be uncomfortable -- especially if your roommates are also your friends -- making sure you're on the same page financially can help preserve domestic peace.
Many believe that to make good money decisions you need to have a plan for every situation. You need insurance for every possible setback, and investments for every market condition. Trouble is, the real world is complicated: we don't know what's going to happen.