A 529 college savings plan offers many advantages, but it can come with some surprising pitfalls. Here are five mistakes to avoid. Opening a college savings account is a smart way to invest in the education of a family member, a friend, or even yourself—and it often comes with tax benefits. A popular option is [...]
Teaching your kids about financial responsibility means setting a budget -- and deciding what to do when children run afoul of their own guidelines. One answer is to require them to save their allowances in locked boxes. But since this doesn't teach restraint and you won't always be around to oversee savings deposits, there are [...]
It’s downright shameful that in 2020, despite advancements in education and career opportunities, women still earn around 80% of what men earn. And when you combine that smaller paycheck with the fact that women often take unpaid leave to care for children or other family members (leaving them with fewer working years to save for [...]
The portion of Americans living in multigenerational homes has continued to rise in recent years, and the trend "shows no sign of peaking" according to the Pew Research Center. A new analysis published in March indicates nearly a third of young adults ages 25 to 29 live in multigenerational households, often in their parents' home. [...]
Financial stability comes from following the basics of personal finance, like creating a budget, but there's also an emotional element in attitudes and decision-making around money. One common financial challenge, overspending, can be eliminated with a combination of practical strategies and emotional understanding. "People need to deal with the psychological side of money as well [...]
Many consumers complain that it’s hard to raise your credit score once it’s damaged, but this idea is far from the truth. It does not matter how bad your credit report was in the past because with the right education, you can improve your three-digit number over time. In this article, I will discuss 5 [...]
For those who are searching for assistance with their less-than-great credit score, credit repair is certainly an option to consider. However, before working with just any company that promises to help improve credit scores and dispute discrepancies on a report, it is important to determine whether or not a particular company is operating within the [...]
A person who needs to repair, or build up their credit, may want to look at signing up for one or more secured credit cards. With this type of card, a person makes a deposit and can then make charges up to that amount. One can charge purchases, and either pay off the balance or [...]
Credit means everything in today’s world. It affects a person’s ability to buy a car, a home,and even insurance rates. With so much emphasis placed on good credit, it is imperative that a person knows how to raise your credit score. With a good credit score, which is typically defined as a score above at [...]
For those who want to buy a home, but don’t have the best credit, there is still an option. Bad credit home loans are out there and can help a person buy a home. However, there are some mistakes that can and should be avoided at all costs before applying for a loan. Here are [...]
