Personal Finance Tips Delivered Weekly
July 24, 2015
10 Ways to Become Financially Independent
After the 2008 economic crisis, many people assumed they would never be able to reach true financial independence – the ability to live comfortably off one's savings and investments with no debt whatsoever.
Does your college-bound freshman know how to handle money at school?
July 10, 2015
Making Summer More Energy Efficient
It's expected to be a hotter summer this year, but don't confine your money-saving efforts to the thermostat.
July 3, 2015
Building a Back-to-School Budget
Back-to-school spending isn't just about clothes and markers anymore.
Identity theft is one of the fastest-growing fraud issues at the Internal Revenue Service (IRS). Online thieves have been capturing Social Security numbers and other tax filing data to file fraudulent returns, principally for the purpose of stealing refunds.
June 19, 2015
Ways to Save Money on a Last-Minute Summer Trip
If you, your partner or your family want – or need – to get out of town right now, how do you improvise a great last-minute trip without breaking the bank?
June 12, 2015
Money Management for the "Boomerang" Household
Due to recent economic realities, multi-generational living has been on the rise for many families.
June 5, 2015
Your Midyear Financial Checkup
Setting a few hours aside for a midyear financial checkup in June or July can help you review how you're doing with savings, investing, spending and debt. It can give you the opportunity to spot irregularities and adjust your budget well in advance of year-end.
May 29, 2015
Looking for Work? Plan a Money-Smart Job Search
A successful job search goes well beyond snagging the title and the paycheck. From the day you start looking until the day you're hired, there are strategic and financial issues to consider that may be more valuable to you in the long run.
May 22, 2015
Planning a Wedding on a Budget
Should a dream wedding mean delaying a down payment on a home? That's a tradeoff many couples make these days.
If your financial life is confined to boxes, file cabinets and various piles of statements and receipts that only you can navigate, it might be time for a little de-cluttering.
A young adult's first months out of college are about personal freedom and finding one's path as an adult. Building solid money habits is a big part of that.
The 2015 Financial Literacy Summit 2015, (http://www.practicalmoneyskills.com/summit2015/) held April 15 in Chicago and co-hosted by Visa Inc. and the Federal Reserve Bank of Chicago, focused on how mobile technology might improve millennials' learning, savings and investing behavior in the future.
April 24, 2015
A Guide to Travel Insurance
A sudden storm, a missed connection or a family emergency can turn a hard-earned vacation or important business trip into a big disappointment. Travel insurance can save the day, but picking the right coverage requires research, cost comparison and above all, reading the fine print.
April 17, 2015
Your Credit Score: Updates You Should Know
Credit scoring has evolved over the last three decades and this fall, FICO made one more important change. Borrowers who have struggled with medical debt and those with a limited credit history might see better FICO numbers in the future. Even if these situations don't apply to you, understanding how credit scoring is changing can help you better manage your credit over time.
April 10, 2015
Resetting Your Retirement After Divorce
Retirement planning can face derailment after a divorce. Married, two-income couples have the advantage of splitting living expenses and pooling all their investment assets, including retirement accounts. Once the marriage is over, costs for separate households may limit the ability of ex-spouses to keep their retirement on track.
April 3, 2015
Affording Fido: A Cost Checklist for a New Pet
Premium food, state-of-the-art veterinary care and creature comforts most humans would envy are now a regular part of life for many American pets. That's why prospective pet owners should consider financial planning before bringing home a dog, cat or other breed of animal.
March 27, 2015
Crowdfunding and Taxes: What You Should Know
Crowdfunding – the online method of raising money from people around the world – is less than a decade old, allowing artists, activists and a growing number of entrepreneurs to connect with financial support far outside the conventional lending system.
If your loved one died leaving significant debt behind, would you know what to do?
March 13, 2015
Is Your Teen Ready for a Summer Job?
For many teens, there's nothing more exciting than receiving the first paycheck from a summer job – a sure-fire ticket to fun and freedom. It's also a great opportunity for parents to encourage proper money management.
March 6, 2015
Involving Kids in Family Vacation Planning
Family vacations produce memories for a lifetime, but they can also teach kids great money lessons they'll need as adults.
February 27, 2015
FAFSA Primer: How to Navigate Through the College Aid Maze
If you're worried about paying for your child's college education, keep this statistic in mind: during the 2011-12 school year, the U.S. Department of Education reported that 85 percent of all full-time, four-year college students were receiving some form of financial aid.
February 20, 2015
How to Avoid an Online Vacation Rental Scam
Imagine renting a home on a beautiful beachfront from a trusted website, arriving to start your vacation and finding out you've been scammed?
February 13, 2015
Making Sure Loved Ones Are Prepared for Their Retirement Years
What if a sudden, debilitating illness, fraud or economic downturn affected your senior family member's retirement, estate or long-term care issues? Would you be prepared to take over?
February 6, 2015
Starting Roth IRAs for Your Grandkids
Many grandparents go above and beyond to offer financial help to adult children and grandchildren. If you're seeking to contribute to your grandkids' financial future, one option might involve opening a custodial Roth IRA (http://www.irs.gov/Retirement-Plans/Roth-IRAs) on your grandchild's behalf as soon as he or she starts reporting earned income.
January 30, 2015
Getting Serious? Five Important Money Questions to Ask
Valentine's Day is often a time to reflect on your relationship, and consider the next step. If your relationship is heading toward joint finances, it's essential to talk about it first – openly and honestly.
A first-time global financial literacy study shows that the keys to successful personal finance education are student perseverance and an openness to problem solving.
January 16, 2015
Considering Life Without Owning a Car
Most baby boomers couldn't envision their early adult years without a car. However, times are changing and younger commuters are leading the way.
January 9, 2015
Pros and Cons of Reverse Mortgages
Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the product – such as pulling all their cash out at one time to pay bills – has led to significant financial problems later, including foreclosure.
January 2, 2015
Resetting Your Life for Retirement
The phrase "downsizing for retirement" is popular with Baby Boomers, the youngest of whom turned 50 last year.
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