Category Archives: Credit

The Pros and Cons of Paying Off a Mortgage

Bob Rall You may have saved enough to pay off your mortgage but should you? Before deciding, consider the pros and cons and how they apply to you. Picture this: Through your hard work and discipline, you have accumulated a relatively significant amount of savings outside of your retirement accounts. You have more than enough… Read More »

National Financial Literacy Month

What started out as a financial-literacy awareness day more than a decade ago is now a month-long campaign that has been recognized by Congress every year since 2004. The program is designed to highlight the importance of financial literacy and teach people of all ages how to manage their money wisely.[i] And, according to recent… Read More »

If These Girl Scouts Can Work Out a Budget, You Can, Too

Michelle Singletary Given what’s going on in the world of politics, and the whipsaw trading in the stock market, maybe you could use some laughs. I know I could. Recently, I taught a budgeting session for some Girl Scouts in the nation’s capital. I’ve shared with readers before the funny and enlightening outcomes of such… Read More »

Financial Planning Tips for a New Year | Advise from Financial Planners and Jordan Dechtman Wealth Management7 Family Finance Tips to Consider for the New Year

As 2016 comes to a close, people across the country are starting to plan their New Year’s Resolutions. While exercise or losing weight are common goals, we’d like to recommend a resolution that can have a huge impact on your lifestyle: Creating a Financial Plan for 2017 As Mark Avallone writes in the article below,… Read More »

Seven Crazy Tax Laws Trump Should Change

Robert W. Wood President Elect Trump and Republicans say big tax changes are coming. It’s about time. The U.S. tax code is the most complex in the world, chock full of perks to special interests and social engineering. It is incomprehensible, and often produces unjust results. In 1913, our entire tax law was 27 pages. It’s now over 4 million words, 9,000 bloated… Read More »

A Credit Card for Two?

Sharing a credit card is a bigger commitment than dividing household bills or co-signing a lease or an auto loan. So it’s best to weigh advantages and disadvantages thoughtfully before applying for a joint card.   On the plus side, a person with a lower credit ranking may have access to better offers and be… Read More »

What the Rate Hike Means to You

With the Federal Reserve raising interest rates for the first time in almost a decade, it’s natural to ask how it will affect you. The 0.25 percent increase the Fed announced last Wednesday is so modest it shouldn’t impact most individuals significantly. On the sunny side, the hike is a show of confidence that the… Read More »

Preventing Holiday Overspending

Most of us follow some type of budget during our day-to-day lives. Fewer of us create a well-thought-out plan for our holiday spending. But with Black Friday and Cyber Monday coming up this weekend, it’s important to have a strategy to prevent a spending whirlwind and post-holiday remorse.   First, make a list of the… Read More »

Secure Holiday Shopping

According to the National Retail Foundation, almost half of this year’s holiday shopping (both browsing and buying) will be done online. With all this extra cyber activity, it’s a good time to review good online shopping practices to help protect your assets and safeguard your identity. When shopping online, use a credit card instead of… Read More »