I have very few fundamental rules of personal finance that I follow. Spend less than you earn is a big one, but once you get
This article first appeared on U.S. News and World Report Money. Personal finance writers, whether on the internet, in magazines, in books, or elsewhere, are
There are few things quite as painful as looking ahead at your future and seeing nothing but debt. So many people today graduate from college
Sometimes, it seems like you can scarcely turn on your television or radio or web browser without seeing someone offering you a great solution to
Anyone who’s been awake to watch the changes in the economy over the last five years is familiar with the burst of the housing bubble.
Over the last few years, home mortgage rates have drifted up and down between 3% and 4.5% for a thirty year fixed rate loan. That’s
Money has been tight, there’s no doubt about it. The Great Recession has taken its toll. But even before a financial crisis shocked the economy,
A lot of different “rules” are passed around regarding the size of a mortgage that a person or a family should take out in order
Like a lot of people in my twenties, I spent much of that decade in a rush to saddle myself with a lot of debt.
I had a long conversation with a reader whose brother seemed to be caught in an endless cycle of payday loans. He works about thirty
I get this type of question all the time. A family member or a friend is trying to get a loan for some reason. Those
Let’s look at a “typical” mortgage. Right now, the average American mortgage is $235,000, so let’s use that as our baseline. The Seattle Times reports
It’s a pretty common story. Boy (or girl) wants something. Boy discovers that there’s easy credit available. Boy convinces self that they can just pay
Kim writes in: My dad told me that the best way to pay off a credit card is to pay it all off at once
Here’s some food for thought for those of you out there raising children and hoping to teach them good lessons about money. I was at
Financial meltdowns often start with a small thing – the figurative straw that breaks the camel’s back. I’ve read stories from readers about the many
When Sarah and I were married in 2003, we had a fairly low-cost ceremony. We rented a local Knights of Columbus hall for the reception,
Karen writes in: “I have an offer from a credit card company in which they pledge 0% interest for 15 months on a balance transfer.