It’s been 15 years since I got out of the Marine Corps and I still look back and remember some really good times. Another thing I remember is what my experience in the military taught me about money.Read More
We’ve all been there, either bad credit or no credit at all. There is a saying in the banking world that loans are for people that don’t need them. That’s because the people with money and perfect credit are the only ones that banks want as customers.Read More
Blog posts on taxes, people couldn’t care less for 334 days of the year. That one month or so every year and tax tips become some of the most searched posts on personal finance.Read More
Online shopping is fun. Think about the world of options open to you in just a single click of your mouse or a tap on your phone’s screen. You can navigate from one page to another (such a relief from a tiresome shop hunt!) and make your choice.Read More
Reading through some of the scholarship essays we’ve been posting reminds me of what it was like to be young and broke. Ah, all those ramen noodles.Read More
I'm a 33-year-old woman who's been unemployed for the past six months. So far I've been doing okay living on unemployment, but the money I put into my 401(k) is just sitting there. I'm not sure how much longer I will be unemployed, and in another few months, my unemployment insurance will be done.
I had the notion of closing my 401(k) completely so I could use that money to pay off two credit cards and save the rest for an emergency. Also, I had thought to open a Roth IRA or other savings/retirement account and contribute $50 a month, so that I can start building again until I get a new job. How do I navigate this process and feel comfortable creating a cushion I can live with? — Evie
Although it’s certainly tempting to reach into your 401(k) as your unemployment insurance comes to an end, resist the urge to withdraw. Yes, there’s a level of uncertainty and uneasiness because you’re not sure how much longer you’ll be unemployed, but whatever you do, don’t cash out your retirement savings. You’ll be charged with a 10-percent penalty, plus taxes. Even though it may seem like it’s just sitting there and nothing new is being contributed, consider this to be your nest egg for retirement days ahead.
I’m in a crabby mood. Why not spread the joy around? Welcome to today’s deliberately inflammatory column. Here are 13 of my firmly held financial beliefs:Read More
Most people avoid thinking about life insurance for as long as possible. But to make the question of whether you need it a little less daunting, set your emotions aside for a moment and answer this simple question: Would anyone suffer financially if you weren’t around to provide for them?Read More
The average American is more likely to get hit by lightning than Ebola — but those who do contract the virus here face a fight for survival, public scrutiny, and yes, big medical bills.Read More
How much is homeowners insurance?This is one of the first questions you should ask when preparing to buy a new home. That’s because you need to have a good idea of your total potential housing expenses when determining how much house you can afford. And while the question is straightforward, the answer is: It depends.Read More