Category Archives: Credit

Your Kids Will Inherit Your Money, So Teach Them How To Handle It

Nancy L. Anderson Millions of dollars will pass through your kids’ hands over their lifetime. Eventually, they may  inherit your hard-earned money, too. They need to ready to handle their finances.   In fact, many parents want nothing more than our kids to be good with money so they can be successful, invest for their future and give to charities they care about. To do that, we, their parents, need to start their education early… Read More »

Hate the ‘B Word’? 7 Simple Steps To Create a Budget You Can Live With

by Liz Frazier Peck Everyone hates the B word. It’s easy to see why; your budget restricts what you do and judges every little mistake you make. As much as we hate budgets, without them we have no method to save for our goals or any concept of what and where we spend. Although a budget is an important part of our financial health, often times a budget can cause more harm than good. It… Read More »

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 cash set aside in your emergency fund, which is your safety net, and you are thinking about whether you should… Read More »

Millions of People Will Soon See Their Credit Scores Improve – At Least a Little

Kenneth R. Harney If you’ve heard that some people might get a magic boost to their FICO credit scores in the 10-point range — without having to do anything — that’s right. But hundreds of thousands of consumers’ increases will be much larger. According to a massive new study of 30 million credit files just completed by score developer FICO, many Americans will experience score bumps in the coming months, mainly modest increases of fewer… 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 surveys, Americans have a lot of room to improve in their financial knowledge. A July 2016 study by the Financial… Read More »