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Before Giving Money to Family, Follow These 5 Critical Steps
Sep 25

Before Giving Money to Family, Follow These 5 Critical Steps

Giving money to family should be one of your truly great joys in life. What could be better than helping a daughter with a down payment on her first house or partially funding your son’s idea for a business start-up. After all, what’s family for? But you’ll never be in a position to lend that

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Cautious Approach Means Millennial Credit Scores Suffer
Sep 24

Cautious Approach Means Millennial Credit Scores Suffer

It’s no secret that 20- and 30-somethings face some unique challenges when it comes to managing their finances. Between crippling levels of student loan debt and one of the toughest job markets in history, the pressure is on to make every penny count, and millennial credit scores are paying the price. Economically speaking, it’s clear that

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Why These 4 Personal Finance Myths Perpetuate Money Problems
Sep 23

Why These 4 Personal Finance Myths Perpetuate Money Problems

A field of study called “behavioral finance” now integrates psychology into economics and finance to come up with some reasons for our money mistakes. Researchers say belief  in “money myths” explains many of the fumbles we make with our finances. They are also a force behind one of the biggest threats to your financial future — yourself. Here

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Why You Should Ask ‘The Bank of Mom and Dad’ to Help With Down Payment

Why You Should Ask ‘The Bank of Mom and Dad’ to Help With Down Payment

You never thought it would reach this point, but it’s finally time to sit down your parents and have that awkward conversation. No, not the one about the money you might inherit some day, but rather the “help with down payment conversation” to assist you in purchasing your first house. And if you’re already in

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Discount Mortgage Rates Can Help Struggling Borrowers
Sep 22

Discount Mortgage Rates Can Help Struggling Borrowers

Discount mortgage rates could become reality for thousands of underserved borrowers after the announcement this week that both Citigroup and Bank of America Corp. will provide mortgages at considerable savings to assist borrowers with low incomes or tainted credit histories. The announced discounts are larger than what the two banks offer on fixed-rate mortgages to

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Ways to Strengthen Your Long-Term Savings Plan

Ways to Strengthen Your Long-Term Savings Plan

With the clamor for consumption in popular culture — the constant call to spend, spend, spend — it’s important to realize that your future may depend entirely on your ability to save, save, save. In order to save, there’s a subtle psychology involved, and that is to rethink your spending habits with a long-term mindset.

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5 First-Time Home Buyer Tips Worth Taking Advantage of
Sep 20

5 First-Time Home Buyer Tips Worth Taking Advantage of

If you’re a twentysomething or a thirtysomething, or a maybe a recent college grad or newlywed, you’ve no doubt wondered how you cross over to become a first-time home buyer. It can sometimes be a perilous voyage, especially given how housing prices have largely rebounded to their pre-crash real estate highs, but you can do it. There

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5 Smart Budgeting Tips to Make Your Financial Life Easier
Sep 19

5 Smart Budgeting Tips to Make Your Financial Life Easier

We all know that sticking to a budget is the best and easiest way to manage your personal financial affairs. But as someone, probably a wise accountant, once said: “The devil is in the details.” Which are the absolutely essential elements that will make that budget foolproof? How can you predict, or at least be prepared

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What to Do When Rates Rise and Where You Should Invest
Sep 18

What to Do When Rates Rise and Where You Should Invest

What to do when rates rise? Even in our years’-running, low-rate environment, it’s a fair question to ask because the Federal Reserve has raised interest rates 67 times since 1980 — so it’s only a matter of time before it does again. It’s an important question to ask whether you’re saving for a down payment

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Foolproof Methods for Building an Emergency Fund on Any Income

Foolproof Methods for Building an Emergency Fund on Any Income

An emergency fund is cash that you’ve saved for one purpose: to help you cope with the unpredictable emergencies that life hands you without disrupting the everyday routine. It could be for an accident or a health issue. With your fund you have room to breathe. You don’t have to panic if you have to visit

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