Anywhere you look, you’ll find financial horror stories about people who found themselves deep in credit card debt. They tend to highlight factors that contributed to their plight like the relative ease of making charges with a credit card and how paying the monthly minimums didn’t help. The truth is that credit cards are a tool for building good credit and making purchases. And, just like any tool, they can be misused and that’s when trouble starts. The fact of …

“Don’t you ever get tired of just saving money?” “Why don’t you just live a little? You have money in the bank and can afford it!” I’ve heard these things for many years from my own internal voice of conscience. I’ve also heard variations on it for many years from different people in my life. I can afford this little treat for myself, so why not indulge? It’s just a little thing in the big scope of things, so it …

The flu isn’t just a cold. It’s a serious health issue that can be fatal, especially if a secondary infection like pneumonia sets in. According to the Centers for Disease Control, the number-one way to protect yourself is to get a flu shot. While not a 100% guarantee, it’s still your best line of defense. The immunization has about an 80% efficacy rate in people under age 60, and works about 50% of the time for those older than 65. …

The past few weeks have been incredibly busy for our family. Not only has Sarah returned to teaching from her summer break, our children have also returned to school and several fall activities have begun. On top of that, a particularly nasty virus of some kind flashed through our family, bringing a consistent set of symptoms and knocking each family member (except me, somehow) out of commission for a few days. The lazy days of summer are long gone. Because …

When my husband and I bought our first rental property in 2007, we barely knew what we were doing. We saved up a large down payment and qualified for a mortgage, then stumbled through the rest of the details without much outside help. Eventually, we found what we thought was a good property for the local rental market. Fortunately, our offer was accepted and we found renters right away. A few years later, we turned our then primary residence into …

On The Simple Dollar, we’ve talked a lot about the importance of credit history and building good credit. It tends to look good on your history when you pay on time and more than the monthly minimum. But what do you do when disaster strikes, as in the recent hurricanes Harvey and Irma? How do you keep up with your credit card finances when you’re forced from your home in the wake of a weather catastrophe? Well, there are a …

The world is beginning to embrace the idea of a cashless economy, and it’s raised some interesting questions about how we impart financial knowledge to our children. A 2015 financial literacy assessment by the Programme for International Student Assessment (PISA) found that just under 80% of young people aged 15-24 made payments online. And a 2015 Standard & Poor survey found that only 57% of U.S. adults were financially literate, with a solid understanding of key concepts like inflation and …

A few days ago, I was cleaning out the garage when I found my old set of golf clubs. Now, for those of you who aren’t aware of the full story of my financial turnaround, I used to be an avid golfer about a decade ago. I had a group of friends that I went golfing with a few times a week and I was constantly upgrading my golfing gear. It was an expensive hobby, to say the least. I …

The world of credit is positively chock-full of terms, acronyms, and industry-related jargon that might not make much sense to the untrained eye. Many terms are closely related, but used to describe different things (e.g., credit report versus credit file versus credit score). However, in other circumstances there may be several different terms that are all used to identify the same information. That is exactly the case when it comes to defining the date from which a negative item must be removed …

You’ve heard of Buy Now, Pay Later? Some American Express-Delta cardmembers have the option to Fly Now, Earn Later. The Fly Now, Earn Later feature lets you use travel miles you haven’t yet earned, effectively giving you an advance on travel rewards. It’s available to holders of select co-branded American Express-Delta credit cards, such as the and the . How does it work? To see how many Fly Now, Earn Later miles you may have available, follow these steps: Log …