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How Federal Reserve Policy Could Affect Your Next Big Purchase
Aug 25

How Federal Reserve Policy Could Affect Your Next Big Purchase

Whoever said “You can’t fight City Hall” wasn’t thinking big enough. That person should have been saying “You can’t fight the Fed.” The Fed is shorthand for The Federal Reserve, and if you don’t know what it is or exactly what it does, you better learn fast because it is one of the most powerful

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How to Establish Good Credit so You Don’t Feel Ashamed of Your Credit Score

How to Establish Good Credit so You Don’t Feel Ashamed of Your Credit Score

Patience is a virtue if you’re in the position of reestablishing your credit standing. There is no quick fix for bad credit scores. If you have negative information on your credit report — late payments, a bankruptcy, too many inquiries — follow the advice we’ve collected for you and simply wait. Time is your ally

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How Scam Artists Target Your Elderly Parents and Drain Their Bank Accounts
Aug 24

How Scam Artists Target Your Elderly Parents and Drain Their Bank Accounts

“Don’t tell anybody. Don’t let anybody know about this because if people find out, they’re going to want your winnings or they’ll throw you in a nursing home.” That’s what scam artists told Linda Lengyel’s mother, Ruth, when they coerced her into funneling away thousands of dollars into their bank accounts. In many ways, Ruth

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10 Empowering Ways to Boost Retirement Savings After You Turn 50
Aug 22

10 Empowering Ways to Boost Retirement Savings After You Turn 50

Since your first job — and possibly even before — you’ve been told that it’s important to save for the future. But back then, the thought of being 50 years old was a lifetime away and there were more pressing things to do such as go out with friends, take vacations and enjoy life. Now,

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3 Instances When It’s Actually Worth Being In Debt

3 Instances When It’s Actually Worth Being In Debt

For the majority of Americans, living a debt-free life is virtually impossible. Whether you’re paying credit card bills, endless amounts of student debt, or a mortgage, debt is just a part of part of life. Let’s face it, no one likes to owe money, but could it actually be useful in certain situations?   In

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Skillful Handling of a Home Equity Line of Credit Can Help You In a Financial Bind

Skillful Handling of a Home Equity Line of Credit Can Help You In a Financial Bind

The idea of being able to tap a home equity line of credit at any time has always sounded pretty cool, even sexy.  It shows you’ve got your act together, that you’ve planned for any financial emergency, that the bank has got your back. You may never have to use your “line,” but it’s good

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Why You Need to Teach Your Kids About Money Way Before They Leave the Nest

Why You Need to Teach Your Kids About Money Way Before They Leave the Nest

With the coming change of seasons, school bells will ring again and the youngsters return to the classroom. No matter what subjects your kids will be studying, high on their educational agenda should be managing their own money and financial affairs. Most young Americans are lost when it comes to money management, according to the

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7 Ways to Keep From Going Broke Your First Semester of College
Aug 21

7 Ways to Keep From Going Broke Your First Semester of College

The ditch-your-$4-a-day Starbucks habit so you can save $1,460 a year (including holidays) is about as old as listening to how your grandparents had to walk miles in the snow to school — without shoes. Today, college students — especially those incoming freshmen — need to find new ways to mix up the age-old dilemma

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New Refinancing Study Reveals Homeowners Leave Thousands of Dollars on the Table

New Refinancing Study Reveals Homeowners Leave Thousands of Dollars on the Table

If you had a mortgage at 6.5 percent interest and had a chance to slash your interest rate in half, you would say where do I sign? Right? Such a scenario unfolded, and more recently than you think. When rates hit a rock-bottom rate of 3.35 percent in 2012, refinancing a $200,000 mortgage from 6.5

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Why It’s a Bad Time to Make Your Mortgage Payment With a Credit Card

Why It’s a Bad Time to Make Your Mortgage Payment With a Credit Card

Making your monthly mortgage payment with a credit card sounds like a clever strategy, but even in times of “loose money,” it’s a financial maneuver beneficial to only a few. In today’s times? Well, money is anything but loose. Back in the bubble era before the “Great Recession,” some creditors made it easy. Bank of

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