The 25% Strategy to Budgeting

Personal Finance

The 25% Strategy to Budgeting

The 25% Strategy to Budgeting

For most people, balancing personal budgets is a tedious and time-consuming process. These days, though, the task has become even more challenging. According to the Federal Reserve, average household debt in the U.S. increased 5.25% during the quarter ending Sept. 30, which isn’t surprising given that annualized real (net of inflation) wage growth continues to... Read More

How to Use Your Credit Card for Charity

Credit Cards

How to Use Your Credit Card for Charity

How to Use Your Credit Card for Charity

Every year, charitable giving spikes toward the end of December as Americans celebrate the holidays and take advantage of their last opportunity to make a tax-deductible donation in the calendar year. Credit cards are typically part of this effort in one of two ways: Cardholders may use credit cards as a secure and convenient method... Read More

Student Loans… But Only for Some

Students

Student Loans… But Only for Some

Student Loans… But Only for Some

I recently read a disturbing article in a financial-industry publication. In it, the writer attempts to explain why so few student loans have been refinanced at a time when mortgage borrowers have had little trouble accomplishing the same. This has been the case despite education loan delinquency and default rates that are not only compromising... Read More

Elderly Woman Ignores HOA Mail, Loses Her Home

Mortgages

Elderly Woman Ignores HOA Mail, Loses Her Home

Elderly Woman Ignores HOA Mail, Loses Her Home

A Kentucky woman paid for her home in 2007 — $125,000 in cash — but she’s paying rent for that place now. After six years of failing to pay her $48 annual homeowner’s association fees and subsequent late fees, her house was foreclosed upon, according to a report from the Lexington Herald-Leader. Ingrid Boak, 75, said... Read More

Average Student Loan Debt Rises to $29,400

Students

Average Student Loan Debt Rises to $29,400

Average Student Loan Debt Rises to $29,400

The average student debt load is now nearly $30,000, according to a report from the Institute for College Access & Success. The report looks at the class of 2012: 71% of them had student loans and graduated with an average of $29,400 in debt. It’s the sort of news no one likes to hear but... Read More

8 Ways to Feel Rich on a Small Paycheck

Personal Finance

8 Ways to Feel Rich on a Small Paycheck

8 Ways to Feel Rich on a Small Paycheck

At one point or another most have been there: trying to stretch a small paycheck around bills that only seem to get bigger. And the often-parroted strategies for making ends meet are largely the same — buy secondhand, clip coupons, wait for sales, etc. But there’s more to life than just figuring out the best way... Read More

5 Costly Homebuying Myths

Mortgages

5 Costly Homebuying Myths

5 Costly Homebuying Myths

If you’re considering buying or selling a home, you may have asked co-workers, friends and family for advice. But you might want to check with the professionals, because the rules of the real estate game are different today than they were 20 or even 10 years ago. Due to this monumental shift, there are lots of... Read More

3 Holiday Job Hunting Tips

Personal Finance

3 Holiday Job Hunting Tips

3 Holiday Job Hunting Tips

If you’re looking for a job during the holidays, it isn’t an easy endeavor. Outside of temporary, part-time seasonal jobs in retail, companies are not typically hiring much between Thanksgiving and New Year’s Day.There are management holiday vacations and the fact that for many companies the holiday season is a slow time of year. That being... Read More

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