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• The Benefits of Using a Bank Instead of a Check-Cashing Store
  Besides paying less overall for services, you can get a variety of benefits and services from a bank that you can’t get when using a check-cashing store: Your money can earn interest. Unlike when using a check-cashing store for a one-time transaction (i..
• Who Uses Check-Cashing Stores and Why?
  Rojare’s situation is a perfect example of why some people use check-cashing stores. Some people have never used a bank or are too afraid to use one.. Rojare’s situation is a perfect example of why some people use check-cashing stores. Some people have never used a bank or are too afraid to use one.
• What are Check-Cashing Stores and What Services Do They Offer?
  The concept of check cashing originated in the 1930s as a way for employees who didn’t have bank accounts to cash their payroll checks at local bars and stores. Today check cashing stores provide services for people who are reluctant to, or unaware of how to, use a bank..
• Money Market Funds
  Investors have been hearing about concerns for the safety of money market funds. The first thing to know is that money market funds and money market accounts are different.. Investors have been hearing about concerns for the safety of money market funds. The first thing to know is that money market
• Money Market Funds
  Investors have been hearing about concerns for the safety of money market funds. The first thing to know is that money market funds and money market accounts are different.. Investors have been hearing about concerns for the safety of money market funds. The first thing to know is that money market
• Alternatives to Using a Check-Cashing Store
  There are alternatives. While it can seem more convenient and even comfortable to use a check-cashing store, the truth is that there are much better, less expensive options that will perform the same services and leave you with more money in your pocket or to send home.. There are alternatives. W
• If You Choose to Use a Check Cashing Store
  While it makes more sense financially to cash checks and send money abroad through an established financial institution (such as a bank, credit union or savings and loan) there may be times when you choose to use a check cashing store. If you do, at least make sure you know what you’re paying for th
• The High Cost of “Convenience” Charged by Check-Cashing Stores
  Check-cashing stores are known for charging high fees to cash checks. The fees vary greatly.. Check-cashing stores are known for charging high fees to cash checks. The fees vary greatly. Stores will either list fees as a percentage of the amount of the check being cashed or a flat dollar amoun
• Differences between Saving and Investing
  Saving is the process of putting money aside now—rather than spending it—so you have it when you need it later. When you deposit money in savings accounts, checking accounts, and Certificates of Deposit (CDs) in a bank or credit union, your deposits are likely to be insured by the Federal Deposit In
• Fees, Limits and Exchange Rates
  Sending money abroad is a financial transaction. As with any financial transaction you’ll want to know in detail, upfront, what fees you will have to pay for the service and what limits or conditions there are on the transaction.. Sending money abroad is a financial transaction. A
• When Income Exceeds Expenses
  Congratulations! You have savings potential. Are you currently saving money or are you spending your excess? If you aren’t currently saving money, the good news is that you have the most important thing to become a saver - -money! Instead of thinking about your excess income as money to play with (a..
• Check-Cashing Stores
  When Rojare moved to the United States from his home in Nicaragua he promised to get a good education, to get a good job…and to send money home regularly. Rojare is one of a rapidly growing number of people who regularly send money to family and friends outside the U.. When Rojare moved to the
• Time Horizon
  In order to balance your risks it is critical to understand the role of time in investing and your personal investment “time horizon.  This is the amount of time before you anticipate meeting your goal and/or need your money.. In order to balance your risks it is critical to u
• Bank Services
  In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks will typically cash checks for their customers for free.. In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks wi
• Drafts and International Money Orders
  Drafts and international money orders are like checks that the bank, credit union or other provider sends on behalf of you, the sender, to your designated recipient. How it works: You will usually pay for the draft or the international money order with cash or by an electronic funds transfer (EFT) T
• What is interest?
  Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan.. Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan. When banks or other financial institutions give you credit, such a
• Investing is just another word for saving.
  FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals.. FALSE. Both saving and investing are about putting money aside rather than spending it, but with two different goals. The goal of saving is to be sure
• Diversification
  In addition to knowing and investing according to your time horizon, diversification is an important way to reduce the potential investment risk. If you think about how risk would work if you invested all your money into one single stock and lost all of it, you understand that you could try to reduc
• ATMs and Debit Cards
  Using an ATM or debit card (that automatically withdraws money directly from your account) is an increasingly popular way of accessing and sending money abroad. There are two international ATM networks that can be used to withdraw money from an account overseas – the VISA/PLUS ATM network or the Mas
• Why Should I Care About Saving?
  Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthday money in their piggy bank.. Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthd
• Choosing an Account
  When you find a bank that you feel comfortable using, the next step is determining what type of an account, or accounts, you would like to open. The most common types of accounts are: Checking Accounts.. When you find a bank that you feel comfortable usi
• A Guide to Using a Bank and Bank Services for the First Time
  If you don’t use a bank, credit union, or thrift/ savings and loan institution you are like nearly 10 percent of the American population. There are a wide variety of reasons that people don’t use banks.. If you don’t use a bank, credit union, or thrift/ savings and loan instituti
• Will I get the same interest rate everywhere I go?
  No. Banks and financial institutions set their own interest rates.. No. Banks and financial institutions set their own interest rates. Car dealerships, check cashing stores, department stores, credit unions…the interest rates they offer for purchases vary. It's important that you compare inte
• Planning for Retirement While You’re in the Military
  Whether or not you, or your spouse, are considering a full career in the military, it is important to think about, prepare and plan for your retirement years. While it can seem like it is very far off and your everyday needs and wants are more important, starting to save for retirement now – even in
• Refund Anticipation Loans
  If you watch TV, you’ve seen ads for them. If you use a tax preparation center for help in filing your taxes, you’ve heard about them.. If you watch TV, you’ve seen ads for them. If you use a tax preparation center for help in filing your taxes, you’ve heard about them. What are they?
• Teaching Your Kids the Value of Money
  Most parents want their children to learn the value of money from a young age and make wise financial choices as they grow up. But without a definitive handbook, and with few if any resources in schools and communities to help, parents are often on their own to teach their children about money and m
• Elementary-age school children
  At this age children can begin to take a more active role and grasp bigger concepts regarding money. Reinforce the concept of coins and paper money and introduce the concepts of checks and credit cards.. At this age children can begin to take a more acti
• Permanent Life Insurance
  Permanent life insurance is known by many names such as whole life, universal life, cash-value insurance, and variable universal life insurance. It is considered “permanent” because unlike term life insurance, there is no time limit to the policy.. Permanent life insurance is known by many names su
• Healthcare Savings Accounts (HSAs)
  In addition to simply putting money aside for future medical or healthcare costs in a checking or savings account you may also be able to use something called Healthcare Savings Accounts (HSAs) HSAs can only be used by people that have high-deductible health insurance policies.. ting money aside for futu
• Before Selecting a Plan
  As with any potential investment you first start by examining your own financial objectives. For a 529 plan you should consider the following two factors: Your child’s age. . As with any potential investment you first start b
• Cash Collection
  By far the most common way to send money abroad is using a remittance company, such as . By far the most common way to send money abroad is using a remittance company, such as Western Union or MoneyGram . These com
• What is an annuity?
  Annuities are investments that you can use to turn savings into a dependable income stream for retirement or to provide financial support for your loved ones after your death. An annuity is a contract between you and a life insurance company.. Annuities are investments
• Power of Compounding
  Everyone knows that “a penny saved is a penny earned. But through the magic known as “compounding, even a penny can become a substantial sum of cash.. Everyone knows that “a penny saved is a penny earned. But through the magic known as “compounding, even a penny can become a substantial sum of cash.
• Setting Goals
  List your goals and then decide how long a period you have before you want to achieve the financial ability to meet this goal. For example, if you want to buy a home and you want to invest your savings to create a significant down payment amount, when would you want to become a homeowner?  If you wan
• Financial “Things to Do” Before the Year’s End
  With the holiday season officially underway it can be easy to spend most of your “financial thinking” on all of the holiday gift-giving, traveling and entertaining you will, or would like to be able to, do. But there are five simple things that you may want to consider doing to tie up some financial
• Wiring Money Abroad
  Wiring money abroad is essentially electronically transferring money from your account to your recipient’s bank account. You pay cash or use an Electronic Funds Transfer (EFT) to wire money to the recipient.. Wiring money abroad is essentially electronically transferring money from y
• Saving and Spending
  When two families come together spending money – and intentionally saving, or not spending, money - is often an issue. Two previously single parents usually have had no one else involved in their decision-making about spending and/or saving money.. When two families come together spending money – a
• Raising Money-Wise Kids
  If you’re like most mothers – single or married – you want your child to grow up with the skills he or she will need to succeed in life. One of the most important skills you can help your child develop is money management.. If you’re like most mothers – single or married – you want your child to gr
• Financial planning, saving and investing isn’t really my thing. I believe it's better to simply live for today. You don’t know what will happen tomorrow anyway.
  Many people fear dealing with financial issues, feel overwhelmed at the thought of managing their money, are convinced that they don’t have the skills needed to create their own financial security, or don’t think it will matter anyway. The truth is that not only do you have the basic abilities neede
• Improve Your Finances with a Little Math
  Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money.. Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money. The
• New Initiatives Aimed at Helping You Save More for Retirement
  The federal government is making changes to help you save and invest for your post-work future. The new rules are designed to help Americans save for retirement by making it more “automatic” – by having workers automatically enrolled in 401(k) or SIMPLE IRA retirement savings plans, having tax refun
• 401(k)
  What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name.. What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name. Now we're painfully familiar with
• Sending Money Abroad
  Every year an increasing number of people send money abroad. Overseas money transfers now number 80 million annually…and are rising.. Every year an increasing number of people send money abroad. Overseas money transfers now number 80 million annually…and are rising. There are numerou
• Advantages of Using a Bank
  There are several advantages to using a bank. Banks: Provide a measure of security for your funds.. There are several advantages to using a bank. Banks: Provide a measure of security for your funds. Instead of worrying about the safety of keeping you
• Budgeting and Reducing Variable Expenses
  Budgeting is an important financial discipline to help plan spending, and create and invest savings. Encourage the person you are helping to . Budgeting is an important financial discipline to help plan spending, and c
• Financial Tools
  In addition to insurance benefits your employer will likely offer various financial tools that you can use to reduce your taxable income and save for your short-term needs and long-term goals. Health Spending Accounts Healthcare spending accounts provide you with a way to pay for health care expense
• What Can I Invest In?
  There are two basic kinds of investments you can make—equity and debt. Both types of investments have important roles in providing the money you will need at each stage of life and to help you reach your personal life goals.. There are two basic kinds of investments you can m
• Risk
  It is important to understand that as an investor there is a chance – a risk - that you may not get back the amount of money that you invested. No investment is risk-free, although some investments have more risk than others.. It is important to understand that as an investor
• Create a New Budget
  A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can make decisions. Be patient – it may take a while to learn how you each view and use money.. A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can ma
• Starting Your Marriage Off on the Right Financial Foot
  Planning to get married is an exciting time. But it also involves making a lot of decisions – where to get married and when, who to choose for the wedding parties, which cake and invitations…the list of choices and things to discuss with your significant other can seem endless..
• Kids' summer savings
  Kids of all ages often get some type of work over the summer - even younger kids can make some money walking dogs or selling lemonade. Why not use it as a learning experience? Have your kids set a savings goal for the summer.. Kids of all ages often get some type of work over the summer - even younger
• Tips and Questions When Sending Money Abroad
  Tips Never send cash or activated credit cards through the mail Never send activated debit or ATM cards through the mail accompanied with the password or PIN number Get a receipt for any service Questions to Ask When Using a Service to Send Money Abroad What do you base your fees on (i.e. is it a fi
• Informal Funds Transfer (IFT) Services
  Many informal funds transfer services (IFT) such as sending money abroad through people who frequently travel back and forth from the U.S.. Many informal funds transfer services (IFT) such as sending money abroad through people who frequently travel back and forth from the U.S. or arrangin
• How to Balance a Checkbook
  Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tackle balancing her checkbook.. Elise dreaded paying bills. By the time she was finished she was so grateful to have the job done that she didn’t want to tac
• Preparing Yourself for Unexpected Expenses
  When the crisis is past, try to set up even a small emergency fund that you add to if you have any extra money. Creating an emergency fund gives you a financial reserve to draw upon instead of having to consider getting a short-term loan the next time money gets tight.. When the crisis is past,
• Attitudes Toward Money
  Whether we’re keenly aware of it or not we all hold typically pretty well-ingrained attitudes toward money. We may have inherited our attitudes toward money from our family of origin, or from financial experiences in previous marriages or relationships, or from our own personal life experiences..
• Preschoolers
  At this age children need simple, clear explanations of money and financial concepts and constant, positive reinforcement. Explain the difference between coins and bills and play counting games with coins Play “store, using pennies, loose change or play money to help children understand that goods a
• What if I live overseas?
  If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.. If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.
• 10 Great Things to Do with Your Tax Refund
  According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly 2,500. Do you anticipate receiving a refund? If so, don’t just rush ahead and spend it.. According to the IRS nearly 75% of all Americans will get a tax refund this year, averaging nearly
• Your Current Debt and Ways to Save for a Mortgage Down Payment
  The amount of debt you currently have and your credit score (which tells lenders how reliable you are about repaying your debt and loans) will also affect how much interest you will be charged on your loan. You should consider getting a free copy of your credit report now, early on in the home-buyin
• Car Financing
  If you’re thinking about buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money and can pay out-of-pocket or you will need to borrow money to finance the purchase.. buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money
• Small investors never succeed.
  FALSE. How do you think big investors got to be big? Unless they inherited a ton of money or won the lottery, they started as small investors and let a little money make more money until it became a lot.. FALSE. How do you think big investors got to be big?  Unless they inherited
• Topics to Discuss
  As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to discuss every financial topic and reach an agreement on all of your priorities in one discussion.. As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to d
• How do I become an investor?
  Congratulations! It takes personal discipline and planning to save money. The fact that you've already saved some money indicates that you're taking responsibility for your financial future.. Congratulations! It takes personal discipline and planning to save money. The fact that you've alrea
• And How Would You Like to Pay for This?
  Now that you have a list of who you’re giving gifts to, what type of gifts you’re looking for and how much you’re going to spend on each gift recipient, it’s time to pause and take a quick check on your finances. Here are a few questions to ask yourself before you head out to “shop ‘til you drop” Ho
• Commercial Banks
  In the past few years several large commercial banks including . In the past few years several large commercial banks including Citibank , Wells Fargo and Bank of America have begun offering overseas money transfer services. For example, all three of these banks of
• What difference does the interest rate make
  Even a small difference in interest rates can make a big difference in how much you'll owe or you'll earn. The key is when it comes to debt you want a low interest rate and when it comes to saving and investing you want a high interest rate.. Even a small difference in interest rates can make
• Determining Your Down Payment Amount
  How much money do I have to save to have enough for a down payment?  The amount of money that you will need to save for a down payment on a home varies by: (1) how much the home costs and (2) the type of loan you qualify for. While most people begin looking at home sale prices first, it’s actually be
• Children’s Allowances and Spending
  Not only will you and your new spouse need to discuss how you will personally manage your family’s finances but you will need to talk about your children’s experience with money and, more specifically, their allowances and spending. Parents hold a wide variety of thoughts toward how their children s
• Spending and Saving Decisions
  As you work through your financial goals and priorities it will become easier to reach agreement about how you will spend and save money. It seems obvious but the only way to save money is to find ways to not spend all the money you’re bringing in.. As you work through your financial goals and prior
• Your Money Mindset
  Managing your money means choosing to take responsibility for earning, spending, saving and investing money according to your own personal and financial priorities. While there are a lot of actions involved in managing money, the common thread through all of those decisions is that they are things y
• Staying in Financial Control While You’re in College
  Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board.. Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board. There can be a lot of unexpected, small expenses that can add up
• Benefits of 529 Plans
  There are numerous benefits to investing in either a 529 prepaid tuition or savings plan: Federal tax advantages. Although you can’t deduct your 529 plan contributions from your federal income taxes (the way you can deduct the interest you pay on your mortgage, for example) the money you invest in e
• Investing in Your 20s
  Starting out in the workforce you have a huge advantage working for your retirement planning: time is on your side. By creating the habit of saving and investing for retirement now, time will enable you to reap the benefit of both compounding interest and long-term gains.. Starting out in the workf
• What You are Repaying
  When you got your student loan you were loaned a certain amount of money (the principal) and agreed to repay that amount of money plus interest – the fee that your lender charges you to make you the loan. The check you send in every month, or the money that you send in through your online bill-payin
• Generation X (Born between 1968-1983)
  The generation that has grown up in the shadow of the Baby Boomers is accustomed to relying on themselves. However the economic recession has sent a strong message to Generation X workers: “you may have had unrealistic expectations about the kind of financial returns you can expect on your investments..
• I live in a large, multigenerational family. We pool pretty much all of our money to take care of one another so I don't really need to worry about managing money.
  The number of multigenerational families - households with three or more generations living together - is on the rise. Many multigenerational families choose to regularly pool their resources to help care for one another and shoulder the financial burdens of everyday living.. tional families - househo
• Investing
  One of the most common questions single women have as they begin taking control of their finances is “how do I become an investor? Too often women are under the wrong impression that there is some sort of “one size fits all” way to invest. There isn’t.. estions single women have as they begin taking con
• Should You Borrow from Your 401(k) or 403(b)?
  These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b) plan participants can too.. These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b
• Combined Debt and Equity Investments
  Some investments enable you to invest your money both in debt and equity instruments at the same time such as: Retirement Plans There are special types of investment plans to help you create retirement savings by allowing you to deposit money from your paycheck before taxes are taken out. Among thes
• Your Family’s Military Pay
  If you have worked both as a civilian and as a member of the military you know that there are some very significant differences between military and civilian income, including paychecks. Let’s look at some of the unique factors of a military income.. If you have worked both a
• Start Out Smart! 7 Money Moves to Make Now
  Congratulations – you have a job! Your first full or part-time job can be exciting, overwhelming and scary…all at the same time. The biggest benefit is of course having a real paycheck! Before you run out and spend that entire first paycheck, there are a few wise financial “first moves” you should c
• How to Approach Talking About Money
  Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process.. Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process. Begin the
• Brokerage Accounts
  With the sale of Bear Stearns and Merrill Lynch and the bankruptcy of Lehman Brothers, many investors are concerned about the safety of the money they invested in brokerage accounts. How can you know if the money in your investment brokerage accounts is safe? First, if you had a brokerage account at
• Mutual Funds
  Mutual funds represent a pool of money from many investors whom choose to buy a type of investment, such as stocks or bonds or a mix of both. With mutual funds, you, as the investor do not manage the money yourself, rather your money is invested by a professional money manager..
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your finances. If you don’t already have one, start by . As you think through what type of child care you would like to secure, plan
• Paying for Child Care
  As you think through what type of child care you would like to secure, plan according to your family’s finances. If you don’t already have one, start by . As you think through what type of child care you w
• Ways to Save for College
  Once you choose to make saving for a child’s college education a financial priority for your family the next step is creating a plan to make it actually happen. Here are a few tips to find and begin carving out savings: Examine your budget.. Once you choose to make s
• Online Wallets
  Online wallets work “virtually” the same way the wallet in your pocket works. Instead of going to your bank’s ATM, withdrawing cash and putting it into your physical wallet, with an online wallet you open a free account, go to an online bank and transfer money into the wallet to make online purchase
• A Single Mom
  Scenario: Candy is struggling right now. She works at a local super mart.. Scenario: Candy is struggling right now. She works at a local super mart. She has two kids and wants to do the right things but just can’t seem to get things to go her way. She can’t make ends meet, there is more month than m
• When You Need Money Fast: Are Payday Loan Companies The Way to Make Your Money Stretch Until Payday?
  You have probably seen them as you drive past strip malls; storefronts with names like "Fast Cash," "Cash Express," or "QuikCash." Or maybe you have seen their ads pop up while roaming the Internet.. You have probably seen them as you drive past strip malls; storefronts with
• How to Think About Credit Cards
  The first thing to know is that credit cards aren’t “bad. It’s all about how you use them.. The first thing to know is that credit cards aren’t “bad. It’s all about how you use them. Here are a few things to think about before getting, or first using, a credit card. One of the most important
• Borrowing Against Your Retirement Savings
  While experts don’t recommend tapping into your retirement savings for any reason- because you are putting savings and potential interest and growth opportunities at risk- you may be considering this as one of your only options. Before you do anything, let’s look at what’s involved in borrowing agai
• Review Your Income
  Once you have an idea of your regular expenses and what your income scenario is, evaluate if you have any regular, predictable income that you can dedicate to meeting your expenses. For example, do you receive alimony or child support that you can use for fixed expenses such as housing (rent or mort
• Other Factors Influencing or Affecting Your Investments
  As with most things in life, becoming an informed investor takes a little time, learning and self-education. In addition to knowing what type of investment options there are – in other words, where you can invest your money to hopefully make a return – it’s important to know how money works in an in
• Ways to Invest and Grow Your Savings for College Tuition
  It’s not enough to want to help your child afford college you need to have a plan to make it actually happen. However, putting money into a savings account at your bank or credit union won't earn enough interest to foot the bill.. It’s not enough to want to help your child afford
• Saving
  Saving money is not something that we, as Americans, are very good at. In fact the U.. hing that we, as Americans, are very good at. In fact the U.S. Department of Commerce reported that America’s personal savings rate is the lowest in the industrialized world. .Saving money is a critical habit to develop a
• What kinds of annuities can I invest in?
  There are many different kinds of annuities designed for investors: of different ages with different life goals, with different investment needs and in different tax brackets. Most annuities available today have some combination of these features: Single Premium or Flexible Premium With a single pre
• 13 Things Your Family Can Do Today
  All parents want their children to grow up knowing how to responsibly handle money – how to earn money, how to most wisely spend it, and how to invest it well for future needs. But how does that happen?  Here are 13 things that every family can do together to take control of your finances to reach im
• Equity vs. Debt
  In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business.. In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business. Technically, they ta
• Paying for Health Insurance Coverage
  If you have employer-sponsored insurance through your or your spouse’s work, you are still likely to have to pay some portion of the premium. Most likely premium payments will be deducted from your paycheck on a regular basis.. sored insurance through your or your spouse’s work, you are still likely to
• Interest Rates and Credit Limits
  Two of the biggest tools credit card companies have at their disposal is being able to change their cardholders’ interest rate (the amount of money they charge you for borrowing money from them when you use the card) and credit. Two of the biggest tools credit card companies hav
• Investing as an Unmarried Couple
  Investing can be where the rubber hits the road for unmarried couples. That’s because it requires both partners to agree on numerous decisions such as the amount of money to invest how long you want to leave your money invested. Investing can be where the rubber hits the road fo
• It takes a lot of money to be an investor
  FALSE. You have probably heard that it takes money to make money, and that’s true to a degree, but it does not take a lot.. FALSE. You have probably heard that it takes money to make money, and that’s true to a degree, but it does not take a lot. If your employer offers a r
• Handling Your Finances
  Handling money matters is intimidating for a lot of people. Maybe it is for you.. Handling money matters is intimidating for a lot of people. Maybe it is for you. You may be overwhelmed or uncertain as to how to start facing your finances. Money matters can seem like a bottomless p
• Welcome to Tomorrow's Money for Young Adults
  What do you want out of life?  Almost any goals you have—start a job, rent an apartment or buy a home, buy a car, get married, have a family, be more financially independent and secure…The common denominator of nearly all life goals is that they require money. Every day you interact with money. You s
• No financial advisor would want to talk to me.
  FALSE. Most financial advisors got into the business because they love investing and wanted to help others make money from it.. FALSE. Most financial advisors got into the business because they love investing and wanted to help others make money from it. These days many of them
• In Your 60s
  What once seemed like a dream is now quickly approaching as a reality. However there are still important steps to take to ensuring that you have the resources you need in retirement.. What once seemed like a dream is now quickly approaching as a reality. However there are still impor
• Methods to Send Money Abroad
  There are a number of formal and informal ways that people can wire money outside the U.S.. There are a number of formal and informal ways that people can wire money outside the U.S. However the methods and costs involved can vary widely. Take time to carefully evaluate your options so that
• Investing
  Many of us do not think of ourselves as investors. We may have created a budget and watch our spending; we may have savings accounts—or even a checking account that earns interest – but we may not have begun investing our savings because we haven’t mentally crossed the line from being a saver to bei
• 10 Simple Steps to Start Saving Money Now
  Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click here to link directly to the site’s . Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click her
• Avoiding Additional Debt
  It’s important to encourage the person you are trying to help to avoid taking on debt or increasing existing debt if at all possible during this time. While it may not be possible to avoid borrowing some money during this crunch urge them to: try to only use cash when shopping keep a record of charg
• Who are annuities good for?
  Any investment choice depends on many factors including your personal circumstances, your age, the amount of risk you feel comfortable taking, the amount of time you have before you need the money, and your other assets, investments and financial realities. When you are young, it’s typically better
• Starting Out in Your 20s
  When you’re just entering the workforce it’s a great time to develop some financial disciplines that will become financially-rewarding habits for your future such as: Establishing some short- medium- and long-term financial and life goals Creating, and sticking to, a realistic budget Keeping a tight
• Asset Allocation
  Asset allocation is the foundation of most investment plans. It tells you how much of your money you want to have invested in different kinds of investments or assets (sometimes called “asset classes”stocks, bonds, cash [click through to definitions in step two] are the main ones—based on how much t
• New Tax Law Allows Seniors to Keep More of Retirement Plan Funds Invested in 2009
  Initially designed as a way to help retirees who have seen the value of their retirement investments drop in the economic downturn, Congress passed a new law that allows IRA and 401(k) plan holders age 70 ½ and older to not have to take a minimum required distribution (MRD) in 2009. The MRD is based
• How Do I Open a Brokerage Account?
  You can open a brokerage account in person or online. You will be asked to sign a new account agreement.. You can open a brokerage account in person or online. You will be asked to sign a new account agreement. Review all information in the agreement, ask questions and do not sign
• Debt Investments - Bonds
  A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds.. A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds. A bond is like an IOU – you, as an investor, loan an or
• Set a Course for Where You Want to Go
  Once you have evaluated where you are financially – what income, savings, expenses and debt you have – you are now able to begin setting a course for where you want to go financially in the future, and take steps in that direction. Following are a few tips for thinking about your financial goals: Ac
• Integrating Your Student Loan into Your Financial Lifestyle
  Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money and choosing what to spend your income on.. Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money
• Brokerage Accounts
  How can you know if the money in your investment brokerage accounts is safe? When one firm acquires another (as Bank of America acquired Merrill Lynch) brokerage accounts are simply transferred from one company to the otherOver time you might see a change in your financial advisor or broker or in co
• Using an ATM
  Most banks now have automated teller machines (ATMs) ATMs are computers that you can use to access information about your account (such as your account balance) and to get cash from, or make a deposit to, your account.. Most banks now have automated teller machines (ATMs) ATMs are computers tha
• The Retirees
  Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raised their kids. Their kids and 4 grandchildren just live down the road from them.. Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raise
• Communicating about Money with Children
  Children coming into a new blended family have a lot of new realities to deal with. It can be incredibly difficult for them to give up the hope that their parents are not going to reconcile, deal with the divided loyalties they feel between their parents, begin to relate comfortably to and bond with
• The 5 Stages of Blended Families
  When people with children remarry, they usually face a long, typically confusing and tension-filled process of becoming a new family unit. By their very nature, blended families are born of loss.. When people with children remarry, they usually face a long, typically confusing and tension-filled
• Single Women Managing Money
  For the first time in American history more women are single than married. Single women are earning more money than ever before, are making more financially-related decisions than ever before and yet most single women still do not feel adequate or empowered to successfully navigate their own financi
• Who Uses Payday Loan Companies and Why
  When or why would you consider obtaining a loan from a company that could charge you upwards of 700% interest? Perhaps you are considering getting a loan through a payday loan company because: you don't know how these kinds of loans really work and you don't know where else you could get the money y
• Debt Collectors and Your Rights
  When you start not paying your credit cards or bills, you will first receive late notices in the mail. Then you are likely to get phone calls notifying you that you are behind on your payments.. When you start not paying your credit cards or bills, you will first receive late notices in the mai
• What is Credit
  Credit is money lent to you by a person or institution (bank, credit union, etc.. Credit is money lent to you by a person or institution (bank, credit union, etc. There are two main types of credit: when a bank, financial institution, store or person lends you borrow a fixed amount
• Gifts or Loans from Family Members
  While you may not be comfortable with the idea of getting funding from family members for graduate school, it can be a less expensive way of financing your education than getting a loan from a lender. Family members may be able to deduct a portion of the money they give you for school from their tax
• Effectively Discussing your Finances as a Couple
  Studies show that the most common reason for arguments between a husband and wife center around money. In fact, financial issues are the number one cause for divorce among American married couples.. Studies show that the most common reason for arguments between a husband and wife center around mone
• Equity vs. Debt
  In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business.. In business-speak, there are two forms of financing: equity and debt. Equity investors buy a piece of ownership in your business. Technically, they ta
• Can You Afford To?
  Starting a business takes time, energy, help and money. The money you need is not only for the things you will need for the business itself—materials, a computer, business cards and stationery, a website, a phone line, a car to go see customers, bookkeeping software, whatever—it’s also the money you
• Important Considerations for Saving and Investing: In Your 30s
  While retirement may still feel like a lifetime away this decade is critical for saving and investing. You still have plenty of time to save and invest and reap the benefits of compounding interest and long-term gains.. l feel like a lifetime away this decade is critical for saving and investin
• Millennials (Born 1984-1992)
  If you’re a member of “Generation Y” you’re either just starting out in the workforce or have a few years under your belt. For most millennials retirement seems like, well, a millennium away.. neration Y” you’re either just starting out in the workforce or have a few years under your belt. For most millennials retire
• The Risks of Not Saving & Investing
  There are four major risks of not saving adequately for your future needs and goals: The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The possibility of a major unexpected life or ec
• The Risks of Not Saving
  There are four major risks of not saving adequately for your future needs and goals: The impact of inflation on your savings The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The poss
• Common Financial Myths Single Women May Believe
  Most women heard or sensed certain negative messages about money growing up such as: men should or will earn more money than women; men are better in math and therefore in understanding how to work with money than women; a woman’s income will most likely as be a “second income” within a family’s fin
• Equity Investments – Stocks
  Equity is ownership – buying something and hoping that whatever you own increases in value. When you hear the word “equity” relating to your investment choices that most commonly refers to purchasing stock.. Equity is ownership – buying something and hoping that whatever you own inc
• Managing Your Income During Retirement
  In retirement, perhaps more than any other time in life, you will need to take control of your personal finances.  If you are fully retired (meaning that you are not doing any type of paying work) you will not have a consistent income stream from work or employer-based benefits.. re than any other time in
• Types of Federal Student Loans
  So you got a loan to go to school. Maybe it’s a Perkins loan, or maybe a Stafford Loan.. o school. Maybe it’s a Perkins loan, or maybe a Stafford Loan. Maybe you’re too embarrassed to admit that you don’t know what kind of loan you got! If you’re out of school, or you’re about to be, it’s time to figure out what
• I don't really need to worry about saving and investing enough now for my retirement. If it isn't enough, I'll just have to keep working no matter how old I am.
  Regardless of whether you have saved enough money to retire, it is very likely that at some point in your life you simply either will not be able to work or there will be no work opportunities. Yes, people are working at jobs later into life, delaying retirement or gradually working their way into f
• I could never be an investor.
  FALSE.   You already are an investor even if you do not yet own a single . FALSE. You already are an investor even if you do not yet own a single stock , bond or mutual fund . If you’ve ever spent time on raising kids, learning to cook, or improving
• Teenagers
  Your teenage children will need to take increasing responsibility for spending and saving and learn from the natural consequences of personal financial choices. Talk with your teen about the values you and your spouse hold regarding money, how those values have shaped your financial choices as a fam
• Step 1: Start Here
  Everyone wants to look forward to their future with confidence, but it's difficult to know how to save and invest until you know three things: How much money you currently have How much money you'll need, and What type of investments to look into given your own personal needs. This calculator is the
• Step 1: Begin Here
  Everyone wants to look forward to their future with confidence, but it's difficult to know how to save and invest until you know three things: How much money you currently have How much money you'll need, and What type of investments to look into given your own personal needs. This calculator is the
• Asset Allocator
  ASSET ALLOCATION is a crucial first step in creating a well-diversified portfolio. The worksheet below will help you tailor your asset mix to your own particular needs.. ASSET ALLOCATION is a crucial first step in creating a well-diversified portfolio. The worksheet bel
• Money is tight... what I can afford?
  You might be like millions of Americans who dread opening up their monthly credit card statements, or who haven't actually balanced their checkbook for months…or longer. If you feel like you don't have any control over your money, the reality is it's controlling you.. You might be like million
• Saving & Investing: When, Why and How
  Saving and investing. Those two words can dredge up fear and frustration in the hearts of even the most well-educated, competent adults.. Saving and investing. Those two words can dredge up fear and frustration in the hearts of even the most well-educated, competent adults. Why? The list
• Comparing Plans
  Once you have made the decision to begin saving for a college education, you understand that 529 plans offer a way for your savings to go farther, and you have thought about both your risk tolerance and your child’s age relative to their college entrance date, the next step is to compare possible pl
• In Your 50s
  What should you do now to ensure that your quickly-approaching retirement is an event you look forward to with confidence rather than anticipate with fear? In addition to building on the steps outlined for your 20s, 30s, and 40s there are specific actions you can take now to build a more secure fina
• Seasonal Stories
  Fall Home Buying 101 Want to become a homeowner? Wonder what it will take to get there? Click here to check out our new series on "Home Buying 101" - a step-by-step monthly guide to turning the dream of homeownership into a reality . Open Enrollment It's fall - the "open enrollment" season for thous
• How can I make interest rates work for me?
  Again, the key is to make sure that you're earning the most interest possible on money you're saving and investing and that you're paying the least interest possible on money you're borrowing. Before you deposit your savings in a savings account or before you invest your savings, you'll want to call
• Planning for Next Year
  Don’t despair. What can you learn from your overspending this year? Here are some questions to ask yourself so you don’t find yourself repeating the same mistake come next December: 1) What did I spend money on? Look back over your charges and categorize where you overspent. In other words, WHAT did
• Where do I start?
  You'll need to file two separate tax forms - federal and state income taxes. You can get tax forms online at . You'll need to file two separate tax forms - federal and state income taxes. You can get tax forms online at www.irs.gov/formspubs , through the IRS p
• Other Options to Payday Loan Company Loans
  If you do find yourself in a situation where you need to borrow or come up with some money relatively quickly, consider these options instead: Ask a friend or relative to make you a short-term loan at a reasonable interest rate. Make it a formal loan by writing up who the loan agreement is between (
• FDIC Bank Deposit Insurance – What It Is and What You Should Know
  With the recent news of a handful of banks failing people are increasingly concerned about the safety of their bank deposits. How can you know if your money is safe when you deposit it into a bank and if your bank does fail, how much of your money does the FDIC insure? The FDIC (Federal Deposit Insu
• What are the costs and risks involved in annuities?
  The costs of owning an annuity can include: annual fees for the insurance company’s guarantees and administrative services annual or periodic management fee charged by the mutual funds or other underlying investments and the sales commission paid to the salesperson. These fees will usually be quoted
• Avoiding Debt and Generating Income
  Determining how much money to safely withdraw is only part of the equation. In addition you’ll need a plan to continue creating savings/ wealth.. Determining how much money to safely withdraw is only part of the equation. In addition you’ll need a plan to continue creating savings/ wealth. The fi
• Socially-Responsible Investing
  As people become more interested and personally committed to changing their impact on the environment, they want to know that the companies they invest in share their values. Socially responsible investing (SRI) is an investment strategy that incorporates your social or environmental beliefs into ho
• Your Savings and Investments in Turbulent Financial Times
  Tomorrowsmoney.org visitors are asking “what might recent events mean for my savings and investments? This article addresses concerns about some of the most common areas of concern for people who have saved and/or invested money, including: Money Deposited in Bank Accounts Money Deposited in Credit
• I could never understand investing.
  FALSE. Investing has its own jargon, but once you learn the vocabulary, but there’s no magic or mystery to it.. FALSE. Investing has its own jargon, but once you learn the vocabulary, but there’s no magic or mystery to it. Basic investing boils down to a few bas
• Ready to Buy a Home
  Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000.. Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000. Their main monthl
• A Widow
  Scenario: Marilyn is a 51-year old widow, living in Delaware, supporting two teenagers. When her husband died unexpectedly, she had to return to the work force full-time.. Scenario: Marilyn is a 51-year old widow, living in Delaware, supporting two teenagers. When her husband died unexpectedly, s
• My Budget Summary
  Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself.. Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself
• Budgeting on a Military Salary
  Budgeting can seem very difficult on a military paycheck, especially if your servicemember is not earning a lot and if you, as a spouse, are unable to bring in steady additional income to supplement the military pay. Often it can be difficult for a military spouse to earn additional regular income b
• How Much Coverage Do I Need?
  As with other forms of insurance a key question you probably have is “How much life insurance coverage do I need?  The answer is…it depends. While life insurance professionals advise that a good rule of thumb is to purchase at least 5-8 times your current income in life insurance coverage, the answer
• The Dangers of Accumulating a lot of Credit Card Debt
  Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spending get out of control quickly.. Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spen
• Saving for Next Year’s Holidays
  Once you’ve begun to alter your plans for next year the next step is to create a plan to save over the next 11 months so you have some money on hand toward those expenses – even just 10/week adds up. Come next December you could have nearly 500 saved.. Once you’ve begun to alte
• Money Deposited in Bank Accounts and Credit Union Accounts
  Up to 250,000 of money you deposit in an FDIC-insured individual bank account, up to 500,000 for joint accounts and up to 250,000 for individual retirement accounts (IRAs) are guaranteed safe by the federal government. If you have more than that amount in a particular bank, it is not guaranteed t
• Credit Unions
  Some credit unions in the U.S.. Some credit unions in the U.S. offer money wiring or remittance services. Credit unions typically do not have a large network of agents in the U.S. or in the country of destination. However, because credit unions are by their charters supposed to ref
• Remittance Companies
  Remittance companies are companies whose only, or primary, service is wiring or transferring money abroad. These companies provide a Cash Collection service, whereby the sender pays cash to have money transferred electronically to someone in another country.. Remittance companies are
• Ways to Think about Financing Your Children’s College Education
  It can be intimidating to look at the total cost of four years of college. But the mental “thinking trap” that you might be getting into is looking at the number and thinking of it as a one-time lump sum payment.. It can be intimidating to look at the total cost of four years of college. 
• All About Long-Term Care Insurance Benefit Payouts
  If you need to use your long-term care insurance to pay for needed care and services, it’s important that you know when your policy will begin paying for care, how it will pay for services, and for how long. Let’s look at each component: What Your Insurance Will Pay We’ve already discussed what type
• How to begin to think about saving
  Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money.. Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money. And we don't mean a l
• Your Emotions and Money
  Money can be a highly emotional matter. The decisions you make surrounding money, the value you place on it and the role you allow it to play in shaping your goals and choices can contribute to very real positive or negative emotions and related stresses.. Money can be a highly emo
• Places to Turn When Money is Tight
  No matter how much you work and plan and take wise financial first steps, like those outlined in the “11 Things Single Moms Must Do, there are times when financial issues can become overwhelming and money seems impossibly tight. Take heart.. No matter how much you work and plan and take wise
• Guest Worker Remittances
  Some countries that have a significant number of their citizens working abroad have made special arrangements to make it easier for workers to send income earned to their home country. To find out if your home country has such services, contact your country’s consulate or embassy..
• Travel Tips
  There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.. There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.8 million Americans make
• What It Means to Have a Student Loan
  When you got your student loan maybe your parents – and you – breathed a sigh of relief that you had a way to finance your education. It took some of the burden off your parents to take on extra jobs or find other sources of income to pay for your schooling.. When you got your student
• Subprime Loans
  "Subprime" loans carry a higher than average interest rate and typically charge more fees than traditional loans. You can get a subprime loan when applying, for example, for a home mortgage or a car loan.. Subprime" loans carry a higher than average interest rate and typically cha
• The Price You Pay for Using Credit
  The price you pay for being able to use credit is called interest. Lenders charge interest in order to make a profit and to help offset a loss if a borrower does not repay the money.. The price you pay for being able to use credit is called interest. Lenders charge interest in order
• Comparing Mortgage Costs
  There are several costs associated with borrowing money to buy a home including the interest rate you’ll be charged to borrow the principal (loan amount) points, mortgage insurance closing costs and the down payment. Interest Rate One of the most important pieces of information you need from a lende
• Tips to Maintain Financial Stability
  Life changes. And you, with a fluctuating income, probably know that better than most. There are some things to keep in mind that can help you stay on track with your plan to create more personal financial stability.. Life changes. And you, with a fluctuating income, probably know that better
• Planning to Manage Wedding Day Costs
  According to a Conde Nast Bridal Group survey, the average cost of a wedding is approximately 27,800. Nearly one-third of all American couples pay for their own wedding and laying out that much money (or accumulating that much credit card debt) early on in the marriage can have a significant im
• In Your 40s
  As retirement becomes closer your investing time horizon is shortening; saving and investing for retirement must become a high financial priority if you want to be able to reach your retirement lifestyle goals. Here’s how: Define your strategy..
• Scholarship Information and Sources
  Many returning adult students may not think that scholarships are available for them. The good news is that as the number of adult students returning to earn, or complete a degree, is increasing so is the number of scholarship opportunities.. Many returning adult students may not think that s
• Similarities between Health and Money
  Let’s consider some of the similarities between your health and your money, and then address small ways that you can begin making positive steps in both areas. Barbara O’Neill and Karen Ensle at Rutgers University have identified some interesting, practical similarities between money and health and
• Recovering From Bankruptcy and Re-Establishing Your Credit
  If you have filed for bankruptcy you have been through a very stressful, and probably humiliating, time in your life. It can be traumatizing to realize that you have hit rock bottom financially and you may feel panicked or shaky about what this means for your future.. If you have filed for ban
• Eleven Steps Single Moms Need to Take
  Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and taking them places, responding to emails …. Single moms have mastered the art of multi-tasking. Working, making phone calls, vacuuming, paying bills, feeding kids and ta
• Types of 529 Plans
  529 plans got their names from the section of the IRS tax code (section 529) which helped create this way of investing savings for college costs. There are two types of 529 plans: Prepaid Tuition Plans and Savings Plans.. 529 plans got their names from the section of the IRS tax code (section 529
• Your Home Mortgage - A Financial Tool
  As you pay off your mortgage you are building up equity, or savings, in your home. As your savings accumulate and your needs change, or outside economic factors change, you may want to make changes to your mortgage.. As you pay off your mortgage you are building up equity, or savings, in you
• Stretching Your Retirement Spending Dollar
  During retirement you are going to have to make your income and savings stretch further than before to reduce the risk of outliving your financial reserve. To do that you will need to start with a plan for how to strategically draw down your retirement savings and investments , and then mindfully ma
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Finding Funding
  Every business has start-up costs. Even if you plan to offer your special skills as a service, you still need to cover your own cost of living until you get your first payment from a customer.. Every business has start-up costs. Even if you plan to offer your special skills as a service, y
• Finding Funding
  Every business has start-up costs. Even if you plan to offer your special skills as a service, you still need to cover your own cost of living until you get your first payment from a customer.. Every business has start-up costs. Even if you plan to offer your special skills as a service, y
• Making a Plan
  Before you make a plan for your business, you need a plan for yourself. First, you should make a budget of your personal expenses to see how much you need to survive each month.. Before you make a plan for your business, you need a plan for yourself. First, you should make a bud
• Good Financial Behaviors You Can Model for Your Children
  In addition to finding ways to teach your children about money there are things you can do on a regular basis to model good financial habits.. In addition to finding ways to teach your children about money there are things you can do on a regular basis to model good financial habits such as:
• When You Lose Control of Your Finances – How to Get Back on Track
  Jessica was scared. She had a full-time job and thought she made enough money to cover her bills. However after an unexpected car accident and subsequent repairs, a higher-than-expected insurance premium increase and a flurry of bills she began to worry that she wouldn’t have enough money in her che
• In a Tough Economy, the Federal PLUS Loan May Give Parents Extra Cash Needed for a Child's College Tuition
  If you have a son or daughter in college, the recession may have impacted your savings and investments at a time when you were depending on those resources to pay for college. With lenders tightening up requirements to qualify for personal or home equity loans you may be looking for other financial
• Government Loans
  The U.S.. nt’s Federal Student Aid (FSA) program is the largest source of student financial aid in the country. FSA programs provide more than 60 billion a year to students. The Department makes two types of student loans: Federal Perkins Loan. This is a fixed, low-interest loan (5%
• How to Repay
  Before you left school you should have received a coupon book from the school, lender, or agency that gave you your loan. No, these aren’t coupons you can use to get a few bucks off take-out pizza.. u should have received a coupon book from the school, lender, or agency that gave you your loan. No,
• Link to Tomorrowsmoney.org
  We have created small, medium, and large images you can use to link to the TomorrowsMoney.org site.. We have created images you can use to link to the TomorrowsMoney.org site. Select the image you would like to use for the link. Right click on any of the images below and save the picture to your comp
• Financing the Purchase of a Foreclosed Property
  Unless you are able to pay cash for your purchase you will need to find financing – which means getting a loan to pay the required costs and agreeing to repay the money lent (plus interest) over a specified period. y cash for your purchase you will need to find financing – which means getting a loan to pay the req
• Welcome to Tomorrow's Money
  Wouldn't it be nice to look forward to the future confident about your finances? The truth is that most women aren’t. In fact, three-quarters of all American women are worried about their financial future but not sure about what to do about it.. ok forward to the future confident about your fina
• When Your Credit Limit Is Cut
  Credit can be a useful financial tool. An overwhelming majority of Americans – 78% or 91.1 million of all households – have credit cards, and the average consumer has 5 credit cards which they use as a financial cushion. Credit. Credit can be a useful financial tool. An overwhel
• Going it Alone or Together
  Even though you and your loved one have chosen to live together, it doesn’t necessarily mean that you have to choose to combine your finances. Instead of “falling” into the topic by default (i.e. a utility bill arrives in the. Even though you and your loved one have chosen to
• I don't have enough money to invest.
  There is no magic amount of money that you'll need to begin investing your savings. It all depends on how you want to invest it.. of money that you'll need to begin investing your savings. It all depends on how you want to invest it. Some CDs require only 100. You can invest in a bond or stock mutual fu
• I'm afraid I'll lose my money if I invest it.
  Most of us don't have a lot of extra cash lying around that we can afford to be carefree with. And it's wise to recognize that investing your money – instead of stashing it in a shoebox – does come with some risks.. ot of extra cash lying around that we can afford to be carefree with. And it's wise to recognize tha
• Banks Change Overdraft Policies
  The Federal Reserve has announced that as of July 1, 2010 banks will have to get their customers’ consent before charging them overdraft fees on their ATM and/or debit card transactions. Specifically banks will have to notify all new and existing customers about how they handle situations when an ac
• A New Family Budget and New Financial Decisions
  In many ways, your newborn’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to make and action steps to take as well.. n’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to
• Buying vs. Leasing
  To buy or to lease that is the question. But what, exactly, is leasing and is it a better deal than buying? Let’s review.. s the question. But what, exactly, is leasing and is it a better deal than buying?  Let’s review. Buying a car. When you buy a car, you, well, buy it. Meaning that you either p
• Bill-Paying Tips
  All of us have to deal with paying bills. And most of us dread it.. All of us have to deal with paying bills. And most of us dread it. Having a plan and a process for bill-paying can make it easier. Following are some tips to create some good bill-paying habits and reduce stress when it comes
• First Steps to Understanding Your Health Insurance Benefits
  If you, or your spouse, have health insurance do you know what your health insurance plan benefits are? According to CIGNA HealthCare, nearly 50 percent of all Americans give themselves only a “C” grade, or lower, when it comes to understanding their health benefits and programs available to them th
• How Long Will My Money Last?
  IT SEEMS these days that everybody wants to retire by the age of 45. Is it just wishful thinking? Our calculator will help you figure how long your investments will last.. IT SEEMS these days that everybody wants to retire by the age of 45. Is it just wishful thinking? Ou
• Banking and Saving
  Banking and savings are two basic building blocks of personal financial planning. Saving money is fundamental to creating the resources necessary to invest for your financial future.. Banking and savings are two basic building blocks of personal financial planning. Saving money is fu
• Depositing Money into an Account
  Once you have a bank account you will be able to deposit any type of check you receive into the account – paychecks, benefit checks (such as unemployment, Social Security, etc. refund checks, etc.. Once you have a bank account you will be able to deposit any type of check you receive into the acco
• Ways to Avoid Becoming a Victim of Elder Financial Abuse
  What is elder financial abuse? Simply put, it’s a crime. It is when someone – an individual, company or organization – wrongfully takes a senior citizen’s money, property or other financial resources.. What is elder financial abuse?  Simply put, it’s a crime. It is when someone
• What Happens if I’m In Over My Head?
  Okay, so maybe you’re reading this and you’re thinking “It’s too late for me! I’ve already maxed out my cards! Don’t panic – there are some steps you can take to get control over you credit card spending and on the path to financial stability: Write it down. Gather your credit card statements and fi
• Enrolling In and Contributing to a 529 Plan
  There are two ways you can enroll in a 529 plan: The “Direct Sold” method: all states and the District of Columbia offer 529 plans that permit you to enroll directly. By enrolling directly through the state you will typically pay fewer fees and no sales commissions, unlike 529 plans sold through a p
• The Basics of 529 Plans to Save and Invest for College
  If you have children and you would like for them to attend college you need to start saving – and investing that savings so that it can grow in value - now. While most Americans cite “paying for a child’s education” as a top family financial priority, according to a December 2009 FINRA Foundation su
• Financial Topics in Difficult Times
  When Debt Is Overwhelming You: Difficult Financial Decisions for Difficult Times Today a rapidly increasing number of people find themselves having to stretch their incomes and take on larger amounts of debt to afford everyday expenses and fixed expenses like affordable housing and health insurance.
• I am not sure how to help someone who is in financial trouble and is looking to me for assistance.
  Every day people find themselves facing sudden, unexpected or unwanted life changes that affect their ability to earn money, pay bills, and make choices to keep life working for themselves and their families. Young people, college graduates, seniors, single parents, middle-aged workers – none of us
• Overcoming Obstacle Number Two: Finding Money
  Unlike students who have not entered the workforce, adult students are often unsure about how – or if – they can afford to leave full-time work with its wage/salary, benefits (including insurance, paid vacation, etc. and career advancement possibilities.. Unlike students who have
• Ways to Save Money on Prescription Drugs
  Buy Generic. Because prescriptions can be costly especially for people with no, limited or fixed incomes, each state has a law that lets pharmacists substitute less expensive generic drugs for many brand-name drugs.. Buy Generic. Because prescriptions can be costly e
• Money Market Funds
• How will I know who is right for me?
  The bottom line is that you want to work with a financial professional that is competent; is in compliance with all laws regulating their industry; is someone that you "click" with; and is someone you can afford. First, professional competence.. The bottom line is that y
• Finding Money to Pay Down Your Debt
  After you have listed all your debts – credit cards, medical bills, department store bills, mortgages, car loans, etc. - you may be tempted to panic and say “But I just don’t have any money to even begin paying my debt off! Realize that you may have options you’re not aware of..
• Responding to Requests for Money
  It is very possible that the person needing help may ask you to help them financially, especially if the person is a family member. He or she may ask for money or another form of financial support, such as co-signing a loan.. It is very possible that the person needing help may ask you to help them f
• Identifying the Factors Creating the Current Financial Crunch
  Sometimes the reason for a financial crisis is obvious – a wage-earner in a family was laid-off, or a family member got sick and there was no health insurance to cover mounting medical bills, etc. But often even just one obvious issue (i.. Sometimes the reason for a financial crisis is obv
• Decisions to Consider Making
  As you become more comfortable talking about financial issues, sharing thoughts, opinions, plans and paperwork you should start working through some important decisions. Areas to talk about include: Goal-Setting.. As you become more comfortable talking about finan
• Avoid Senior-Targeted Work Scams
  Unfortunately con artists frequently target seniors with a variety of fraudulent employment offers including popular “work-at-home” hoaxes. AARP notes that con artists employ a variety of techniques to snare unsuspecting victims.. Unfortunately con artists frequently target senior
• My future spouse or partner will help me with my finances.
  One thing in life is certain— you can’t predict the future. While you may hope or even fully expect to find a spouse or partner that you can build a long-term relationship with, it’s not guaranteed.. One thing in life is certain— you can’t predict the future. While you may hope or even fully expect
• Money Deposited in Credit Union Accounts
  All federally chartered and most state-chartered credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF) which is a federal fund that is backed - like the FDIC - by the full faith and credit of the U.S.. All federally chartered and most state-chartered c
• Money Deposited in Bank Accounts
  Up to 100,000 of money you deposit in an FDIC-insured individual bank account, up to 200,000 for joint accounts and up to 250,000 for individual retirement accounts (IRAs) are guaranteed safe by the federal government. If you have more than that amount in a particular bank, it is not guaranteed t
• What kind of help can my bank provide?
  Banks provide many services. They provide accounts, such as checking, savings, and money market accounts.. Banks provide many services. They provide accounts, such as checking, savings, and money market accounts. Most banks also have investment representatives who can explain diffe
• Myths About Investing
  You work hard for your money, and your money can work harder for you too when you save and invest it well. The world of investing may seem like a scary place, but knowledge and skill building can help reduce your fear.. You work hard for your money, and your money can work harder for you too wh
• Money market funds
  Money market funds are managed by investment companies and sold through banks and brokerage firms. These funds pool your money with other people’s and invest it in . Money market funds are ma
• How much am I really responsible for?
  Ultimately you are responsible for taking care of your financial future. Even if you choose to use a professional financial planner, broker, tax attorney, or another financial professional, you're responsible for the decisions you make.. Ultimately you are responsible for taking care of
• How Do I Start Investing?
  Many beginning investors do not have a lot of money. The important first step is to create an investment plan that identifies the asset classes and types of funds that you might want to invest in long-term.. Many beginning investors do not have a lot of money. The important first st
• Why Invest in Bonds?
  There are numerous benefits to investing in bonds including: Financial Security - There's a reason that a bond is called a “fixed-income” security – not only are you highly likely to get back your principal but you can also count on receiving interest on your investment. Portfolio Balance & Dive
• Money Market Funds
  Money market funds are essentially a large pool of money overseen by an investment company that invests only in very safe and liquid securities (such as CDs and IOUs/bonds from the federal government and large, reputable corporations) Most do require a minimum initial investment (usually 5,000) Mos
• Check Your Progress and Readjust as Necessary
  When Seth left his job at a graphic design firm to work as a freelance graphic artist he loved the flexibility that self-employment offered and the idea that he could be his own boss. He also enjoyed being able to set his own schedule and take on jobs that really interested him..
• Making Work Pay Tax Credit Boosts Take-Home Pay for Workers, Provides $250 Benefit for Retirees
  The Obama Administration’s American Recovery and Reinvestment Act stimulus package includes a temporary two-year “Making Work Pay” tax credit. The credit will provide working individuals with a little more money in their paychecks in 2009 and 2010.. The Obama Administration’s American Recovery and R
• I can't do anything different financially for the future because I need every penny I make now for my kids.
  While it’s true that most families feel financially stretched, there are ways to make simple changes in your everyday spending and budget to create savings. It can be very encouraging to realize that small changes can create significant savings.. While it’s true that most families feel financiall
• Our family is drowning in debt and bills due to a medical situation. Any type of future financial planning is pointless.
  It’s understandable that dealing with the financial fallout from an emergency and/or significant medical condition can be stressful and make “financial planning” seem beyond your reach. However, financial planning simply means to be intentionally aware of how you are making actively choices about yo
• Educational Benefits
  The military offers a variety of educational benefits for active duty servicemembers, members of the National Guard and Reserves, college students preparing for military service, veterans and military spouses and dependents. Let’s first look at educational benefits specifically for servicemembers: M
• Places to Avoid Turning to for Financial Help If Possible
  It is not uncommon for single moms to feel panicked about how they will be able to meet normal living expenses, especially if they do not have adequate savings, insurance or access to credit. If you are considering the following sources of funds, instead think through the previous suggestions as the
• Thinking About Your Student Loan(s), Credit Cards and How You Spend Money
  While there are some exciting benefits about entering the “real world” – like having new measures of independence like a job, possibly a place of your own to live, a car and freedom over your schedule – there is also the reality of work and bills and deadlines, which for some graduates, whether they
• Changing Your Thinking about Credit for Everyday Expenses
  If you are bridging financial gaps by using credit as a supplemental source of income it's important to remember that unlike income, credit is not simply an always-available source of free cash but rather a loan. Every time you use credit you are, in essence, taking on a loan and you will be require
• Withdrawing Money from an Account
  You can withdraw money from your account in a few ways – by writing a check to “cash” completing a withdrawal slip or using your ATM or debit card. You can: Go into the bank branch and give the teller a completed withdrawal slip or personal check made out to “cash” Use the bank drive-thru to give th
• 10 Things Every Public Worker Should Do
  Read your benefits package carefully and attend any new employee orientation meetings or review resources through your organization’s internal website. Make sure you know the deadline for selecting or signing-up for benefits and when the next open enrollment period is. Talk with someone in your HR d
• What Happens When Your Debt is Discharged Under a Chapter 7 Bankruptcy
  Once your non-exempt property is sold the court will appoint a trustee to take the money raised to pay off your “dischargeable” debts. You will still be responsible for paying your non-dischargeable debts.. Once your non-exempt property is sold the court will appoint a trustee to t
• Making Purchases with a Debit Card
  Most stores, gas stations, restaurants and other locations accept debit cards for payment. Ask the cashier or clerk if the store accepts debit card.. Most stores, gas stations, restaurants and other locations accept debit cards for payment. Ask the cashier or clerk if the store accepts debit card. I
• Questions to Ask Before Obtaining a Debit Card
  Is there an annual fee for using the card? What account is this card linked to? You want to know which account the card will deduct money from when making purchases or payments – i.e.. Is there an annual fee for using the card? What account is this card linked
• Signs that It May Be Time to Move
  If you or your aging loved one, live independently - whether it's in a single-family home, apartment, condominium, townhome or mobile home - how can you best determine when and if it may be time to explore different housing options? Desire This is the best situation - when you, or a parent or family
• Keeping Your Job in Tough Economic Times
  If you are thinking about delaying retirement because you lost savings and investments that you were counting on to help with your post-work lifestyle, your focus should be on maintaining your current job. As an older worker you are likely earning more money than other, younger employees at your wor
• Key Considerations for Withdrawing Money from Retirement Savings and Investments
  Gone are the days when experts encouraged retirees that they could safely withdraw 10% of their personal savings and investments each year to bankroll their post-work lifestyle. Most financial planners now suggest withdrawing no more than between 3-5% of your total retirement portfolio each year and
• Handling Money Issues with Grandparents, Step-Grandparents and ex-Grandparents
  Just when you didn’t think it could get any more confusing, enter the multiple sets of grandparents. Even though you and your ex-spouse have ended your marriage, it’s more than likely that your ex-spouse’s parent would like to continue their relationship with their grandchild(ren).
• Why Money Matters in Marriage
  There are few topics that can so quickly divide people as money. And while it is perfectly fine to disagree with friends, co-workers, and even family members about money, when it comes to your marriage, it’s important to be on the same page; if you can’t agree on everything related to finances you n
• Term Life Insurance
  Term life insurance is so named because it offers a set coverage amount for a limited “term” or period of time, typically between 1 and 30 years. That means that if you keep current on your policy premiums and you die within the term of the policy, your beneficiaries will receive the set death benef
• Single Moms and their Money
  It’s often been said that being a single parent is one of the hardest jobs on the planet. Without another adult to share responsibilities for parenting, running a household and financially caring for a family, the burden can be weighty.. It’s often been said that being a single parent is
• What is a Debit Card?
  In the 1980s banks began to issue ATM (automated teller machine) cards to customers. These cards enabled customers to withdraw money directly from their account at ATM machines.. In the 1980s banks began to issue ATM (automated teller machine) cards to customers. These cards enabled customers to withdra
• Other Financing Options
  If you can’t pay cash for a computer, consider a few alternatives before taking on a potentially expensive loan or charging the purchase on your credit card. For example: Determine what system you would like to get and then really competitively shop both at stores in your area and online. You might
• Financing Your Computer Purchase
  Buying a computer may be one of your very first “large” purchases. Take a few minutes to really consider how you’re going to pay for this purchase so that you’re not paying more than you want to and for a longer time than you expect.. Buying a computer may be one of your very first “l
• What Happens When the Loan Comes Due
  Fourteen days after your payday loan is approved, the loan is due. That means that you now owe back the full amount of the money that the store/company lent you.. Fourteen days after your payday loan is approved, the loan is due. That means that you now owe back the full amount of the mo
• What Payday Loan Companies Offer
  Payday loan companies are businesses that will "advance" you money on your paycheck. In other words, they will loan you money in advance of your actually receiving your paycheck from your employer…but there is a price.. Payday loan companies are businesses that will "ad
• Trying to Keep Your Home – How the Homestead Exemption Works in a Chapter 7 Bankruptcy
  One of most people’s concerns is being able to keep their home. It’s important to know that a Chapter 7 bankruptcy DOES NOT MEAN YOU WILL AUTOMATICALLY BE ABLE TO KEEP YOUR HOME.. One of most people’s concerns is being able to keep their home. It’s important to know that a Chapte
• Secured Loans and Credit Cards
  If you are having difficulty getting approved for credit, you may want to consider applying for a secured credit card or secured loan instead to begin establishing a credit history. These credit cards and loans are “secured” by money that you deposit in an account.. If you are having difficu
• What Creditors Will Look For and How to Build Credit-Worthiness
  There are several steps you can take to begin the process of applying for credit. First, it’s a good idea to know what creditors look for when considering your application for a loan or credit card.. There are several steps you can take to begin the process of applying for credit. First, it’s a good
• Borrowing Against Your Life Insurance
  If you have a cash value life insurance policy you may be able to either take money out of the policy or taking a loan out against the policy to help pay for your child’s college tuition. Typically you can withdraw or borrow a percentage of the cash value you have built up in the policy – limits var
• How Do You Think You and Your Family Might Use Health Insurance
  Once you have found some online options or an insurance agent or broker that you feel comfortable with, next you will want to consider under what conditions you and your family use health insurance. For example, Your and your family’s health.. Once you have found some
• Your Family’s Financial Health
  With the pace of day-to-day life, trying to find time to focus on and manage your money could seem too difficult. But taking time now – even just carving out 10-15 minutes a day or every other day – to learn about how to set financial goals, manage your money, save money and invest that savings for
• Bill-Paying Tips
  You have a lot to juggle and make time for – kids, work, maintaining a home, etc. Consider processes that can reduce the time it takes to pay your bills and make it easier to create savings automatically for your future.. You have a lot to juggle and make time for – kids, work, maintaining a home
• My family never had money when I was growing up, but my parents did okay.
  All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, built upon that past. But times change.. All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, bui
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Story File
  The SIFMA Foundation for Investor Education seeks to provide you with the best information, tools and resources available to help your followers become more financially literate. We have compiled this story file based on year-round evergreen topics.. Investor Education seeks to provide you with the b
• Managing Your Grocery Bill When Food Prices Rise
  Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, according to the US Department of Labor, food inflation is expected to continue.. Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, ac
• What's New This Month
  July '09 : IOUs Issued by the State of California Strapped for cash, the state of California has started issuing more than 3 billion in IOUs to businesses, individual tax payers and county governments to whom it owes money. California state government officials have indicated that the IOUs – which
• Tax Changes that Could Affect Your 2009 Tax Bill
  Changes to the tax law in 2009 could affect your federal income tax bill. It’s important to know what tax law changes could affect you personally and how those changes could trigger either an increase or decrease in the amount of money you owe – or the amount of money you could be refunded by – the
• Don’t Get Scammed
  If you aren’t able to make your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jobs can be a minefield for scam artists.. e your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jo
• I don't know where to begin.
  The most important part about beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be the biggest hurdle you have to overcome.. bout beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be
• Catching Up on Retirement Savings If You Start Late
  Bob’s budget was tight when he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He figured it was a good way to save some money on taxes if nothing else.. en he first began working but he put a little bit aside each paycheck into his employer’s 401(k) He
• 10 Tips to Protect Yourself from Investment Scams
  Everyone wants to “get rich quick” but no one will, at least not legally. Unfortunately the investment world does include a few fraudsters and con artists who try to enrich themselves by taking advantage of other people’s weaknesses, needs and desires.. Everyone wants to “get ri
• Your First Car
  Nothing spells freedom like having your own car, right?  If you’re thinking about buying a car, take some time to think through your needs and get educated on what’s involved in buying a car so you’re not the one being taken for a ride. It can be intoxicating to walk onto a new car lot – all that hor
• IOUs Issued by the State of California
  In June of 2009 California Governor Arnold Schwarzenegger announced that the state had a 26 billion deficit and, until the budgetary issues are resolved through the state legislature, it will not be able to pay all of its bills or honor all of its financial commitments. Strapped for cash, the state
• How do I know if I’m getting the best service from an advisor that I’m already working with?
  If you've already begun working with a broker or financial advisor, it's a good idea to periodically evaluate what type of advice and service you're getting and if it's helping you achieve your financial goals. Here are a few questions to ask: Has he/she helped you determine how much risk you feel c
• Closing on a Loan
  Closing, sometimes called “going to settlement, on a home is like the part of the wedding ceremony where the bride and groom exchange vows. It’s where you and the seller seal the deal! Closing on a home loan is when you sign all the papers transferring ownership of the property from the seller to th
• What the New Healthcare Law May Mean for You
  With the passage of the healthcare reform law affecting the U.S. Puerto Rico and other U.S. territories, a lot of things about your health insurance may be changing over the next several months and years. What could it mean for you, your spouse and family? . With the passage of the h
• When Things Change
  They say that the one thing that is constant in life is that it changes. The same is true for owning a home.. ng that is constant in life is that it changes. The same is true for owning a home. Things can change over time. Utility costs can increase. The interest rate on your mortgage can change. You need a n
• Your Bank and Bounced Checks
  If you’re like most people with a checking account, chances are you have bounced at least one check in the past. “Bouncing” a check – meaning that you wrote a check for more money than you had in your account – is at the least embarrassing and at the worst, possibly a very costly financial mistake..
• Rethinking How You Plan, Save and Invest for Retirement
  You commit yourself to saving for retirement. You take steps to understand how long your financial resources must last in retirement years so you don’t outlive your savings; you test guideline amounts needed to retire using an online calculator; you start contributing to 401(k) or IRA or SEP or othe
• What Every Homebuyer Needs to Know Before Agreeing to a Mortgage
  Are you or a loved one considering becoming a homeowner? Taking on a mortgage loan to purchase a home can be an intimidating and confusing process. A Federal Reserve study for the Federal Trade Commission found that a significant percentage of homebuyers did not understand key features and costs of
• 16 Warning Signs You Could Be Heading for Financial Trouble
  We’ve all done it before – forgotten to pay a bill on time, charged more on our credit cards than we should, etc. But there are some financial “red flags” you should pay attention to realize that without a course correction, you’re headed for financial trouble.. – forgotten to pay a bill on time, charged more on
• Bookkeeping
  You are also well advised to keep your personal funds separate from your business funds. If you incorporate, your bank will require your business to have a separate business checking account.. You are also well advised to keep your personal funds separate from your business funds. If you inco
• Setting up Direct Deposit
  Direct deposit is when you choose to have payments due to you directly deposited into your bank account instead of having a paper check, money order or cash mailed to you at your workplace or home. Types of payments that you can have directly deposited into your bank account include: Paychecks Tax r
• Tax Changes that Could Affect Your 2008 Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. es to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially i
• Finding a Bank that Works for You
  Before you even begin to think about finding and using a bank or credit union, think about what you really need in a bank. Do you want: a . Before you even begin to think about finding and using a bank or credit union, think about what you
• Moving Forward
  After you have taken the first steps to identify the source of your financial problem(s) and your current budget the next step is taking action Talk to your creditors. If you’re behind on bills or if something has changed (i.e.. After you have taken the first steps to identify the source of your financi
• Baby Boomers (Born between 1946-1967)
  Baby boomers that already were planning and ready to celebrate retirement were perhaps the hardest hit by the recent recession, and now are the most disillusioned about when they will be able to exit the workforce. The MetLife Mature Market Survey found that of the 11% of boomers born in 1946 who pl
• Personal Insurance Options for the Self-Employed
  Increasingly Americans are viewing self-employment as a work solution to meet their financial needs, their family life needs or both. However one of the most commonly cited concerns about self-employment is insurance.. Increasingly Americans are viewing self-employment as a work solution to me
• Doing Your Homework
  Just as with any home purchase – and perhaps even more importantly when you’re buying a foreclosed property – you need to do your homework so that you make a well informed decision. That means that you should View the. Just as with any home purchase – and perhaps even more importantly when you
• Buying a Real-Estate Owned (REO) Property Owned by a Lender
  In certain cases a foreclosed property may not be sold at auction. There are several reasons a foreclosed property may not be sold at auction including if the lender accepts the deed to the home “in lieu of foreclosure” from. In certain cases a foreclosed property may not be sold at auction. There ar
• Life Insurance: A Key Consideration for Unmarried Couples
  Considering life insurance is an important part of every person’s financial plan however it should be an even higher priority for unmarried couples because they typically do not have the ability to enjoy all the same financial benefits as opposite. Considering life insurance is an important part of
• Sharing Financial Accounts or Keeping Them Separate?
  In addition to deciding how you will handle household expenses, you will also need to, or should, talk about your financial accounts. Financial accounts include checking accounts, savings accounts, money market accounts, credit cards, non retirement related investment accounts (i.e..
• I'm too busy paying off debt.
  Congratulations! You've already begun taking charge of your financial future…maybe without even realizing it! Paying off debt, particularly debt that carries a high interest rate such as credit card debt, is for many the best first step to begin saving and investing for your future. That said, you s
• I'm fearful of looking for outside help...
  You're wise to be wary. When looking for outside help in planning your finances, you'll want to do your homework.. hen looking for outside help in planning your finances, you'll want to do your homework. Many resources are free – online services, the staff at your local bank or credit union, and nonprofit counseli
• It's too overwhelming to figure out.
  Let's take it one step at a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper.. a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper. Here's an ea
• I have a pretty good budget, but....
  Ultimately, you'll need to decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal.. o decide for yourself what financial goals are most critical for you to reach. Everyone's financial planning methods are different…personal. Following
• Compound Interest Calculator
  If you want to know how much an investment will grow over a set period of time, use our compound interest calculator. Compounding is when the interest you earn on the money you invest begins to earn interest.. If you want to know how much an investment will grow over a set period of t
• Living on Less: What to Do When Your Pay is Cut
  Every day workers of all types, across all industries, get the bad news from their boss that their pay is going to be cut. Whether it’s because your company is going through a tough financial stretch, or because the economy at large is making it impossible for your employer to make payroll, or becau
• Learn More
  Financial confidence comes from continually building on and applying the knowledge you have that is relevant your particular situation. If you’re interested in learning more about this topic the following sections can provide helpful information, tools and tips.. s from continually building on and applying the kn
• Budgeting for Beginners
  If you’ve never used a budget before – either because you don’t like the idea or because the thought of budgeting scares or intimidates you, consider changing your perspective. At its most basic, a budget is a tool.. If you’ve never used a bu
• Taking Control and Financial Tools
  Personal financial planning can seem like an intimidating topic to tackle. However it’s important to feel like you have a basic grasp on how to manage money so that you can reach important life goals.. Personal financial planning can seem like an intimidating topic to tackle. 
• SmartMoney 401(k) Planner
  The goal of participating in your employer’s 401(k) retirement savings program is that it will grow over time so that when you’re ready to retire you’ll have the money you need to do so. Our 401(k) calculator can help you see how your retirement savings will grow — and how long you can expect that m
• Comparing Credit Card Offers
  IT'S NO SUPRISE that so many people still carry credit cards with annual percentage rates (APRs) of 13% or higher. After all, there's a whole industry of card issuers out there devoted to using hidden fees and interest rate gymnastics to gouge you as best they can..
• To Buy or to Lease?
  SHOULD YOU lease or buy? Conventional wisdom says if you lease you'll have nothing to show for your money when the term is up. But that ignores the opportunity cost inherent in buying: after all, the money you pay up front for the car could be invested instead..
• All investments are scams.
  FALSE. Some investments are scams.. FALSE. Some investments are scams. Most are not. Investment scams make promises that are impossible to keep. If someone tries to sell you an investment using these words or phrases, beware: No money down Guaranteed Low risk,
• My Budget Worksheet
  If you’ve never created or used a budget before, take it step by step. Using the following step-by-step calculator we’ll walk you through the process of determining what source of income you have, what monthly and annual expenses/investments you may have, and what assets, or possessions of financial
• Ending the Year on the Right Foot
  Only a couple more weeks before we ring in the New Year. But there's still time to make a few decisions that will minimize your taxes for this year and help you start out on the right foot financially next year.. Only a couple more weeks before we ring in the New Year. But there's still
• The Cost of Using Credit
  When you make a purchase or payment with your credit card, you’ll be paying not just that amount, but possibly a few other fees as well. Let’s look at a few of the fees associated with credit cards: Annual fee.. When you make a purchase or payment with your cred
• Getting a Credit Card for the First Time
  You probably get a credit card offer in the mail almost every day. Be careful before signing up.. You probably get a credit card offer in the mail almost every day. Be careful before signing up. You need to read the fine print carefully. Remember that what you're signing is a legally binding agree
• If a Beneficiary Does Not Attend College
  Even the best-intentioned plans can change.  If the beneficiary of your 529 prepaid tuition or savings plan chooses not to attend college you have several options for your funds.. Even the best-intentioned plans can change. If the beneficiary of your 529 prepaid tuition or saving
• Monitoring Your Investment
  As with any investment it’s important that you open and review the correspondence you receive from the plan or your financial adviser. Check to make sure that: all money you have deposited (or you know was deposited by others) since the last statement has been credited to the account you understand
• Transferring Military Homeowners to Get Expanded Assistance
  Military service members, their families, and federal Department of Defense (DoD) civilian employees who stand to lose a lot of money on the sale of their home as a result of a transfer order may be able to get some much- needed financial assistance. The U..
• The Employment Offer
  The goal of all your hard job-searching work is to land a job. Eventually (and hopefully sooner rather than later! you will most likely receive an offer of employment.. The goal of all your hard job-searching work is to land a job. Eventually (and hopefully sooner rather than later! you will m
• Can I afford to stay in my current home?
  You can do a little math to figure out how your current monthly mortgage compares to your current income. If you're not sure what your monthly mortgage is (perhaps you're not the one who pays the bills) it's a good idea to contact the bank that holds your mortgage to find out.. You can do a little math
• What Credit Unions Offer
  Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept deposits for savings accounts.. Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept d
• Spending
  In order to keep moving forward financially we need to spend less than we earn. That doesn’t mean going without.. In order to keep moving forward financially we need to spend less than we earn. That doesn’t mean going without. It means making spending choices based on a well-defin
• Securities
  Securities come in two basic forms: debt and .
• Tips for Maintaining Specialty Insurance Coverage
  As with any insurance, once you have obtained coverage it’s important that you do everything you need to in order to maintain coverage. Here are some tips to do so: Whether you are purchasing an annual policy or a single-time/one-use policy (i.. As with any insurance, on
• Clarifying their Financial Commitments and Resources
  In stressful situations it is often difficult to think rationally, logically and methodically. Often the person you are trying to help will respond that they don’t have time to really figure things out financially, that they don’t know how or can’t or don’t want to or shouldn’t have to-for some reas
• Financial Advisor-Related Questions
  Once you have a grasp on your basic financial picture, you may decide to look for some outside help in managing your finances or making decisions involving your finances. To find the right financial professional, it's important to first ask what type of help you're looking for..
• Before leaving your job
  Roll over any 401(k) savings you have accumulated into an Individual Retirement Account (IRA) An IRA is an investment account you can open through a local bank branch, financial services company or mutual fund.. Roll over any 401(k) savings you have accumulated into an Individual Retire
• Questions to ask when considering buying an annuity
  Does buying an annuity fit in well with my overall retirement savings plan that includes IRAs and employer-sponsored 401(k) plans first? Am I maximizing my contributions to other tax-free retirement investment options first? Unless you have a special need that only an annuity can fill, such as a dea
• Refinancing
  When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home.. When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home. The bank or f
• Getting Started
  The first step is to get a firm grasp on how much money you have available to tap into. There are three main sources of income for most retirees: Employer retirement benefits - pension plan funds, 401(k) or other defined contribution retirement plan payouts Social Security benefits Savings and Inves
• Dealing with a Dependence on Credit when Life Changes
  While using a credit card can be more convenient than writing a check or taking time to stop at an ATM to get cash, using credit as a supplemental source of cash can become an expensive habit which can create an even tighter squeeze on an individual or family budget if life circumstances-or larger e
• Stocks are just one big gamble.
  FALSE. It’s true stocks are risky.. FALSE. It’s true stocks are risky. The stock market sometimes has big drops, but if you look back at its performance since 1926 you will see that the overall trend is upward. The longer you can keep your money invested in sto
• Long-term
  Long-term in the investment world is generally 8-10 years or longer, although different people have different definitions. It can refer to the maturity of a bond: long-term bonds usually offer higher interest rates and involve higher risk because they require investors to commit money for longer per
• Compounding
  Compounding: the effect achieved by reinvesting investment income or capital gains , rather than spending the money. Your investment returns are added to your original investment, the new larger amount starts earning money, and the dollars start to snowball.Summary
• Interest
  Interest is the amount a borrower agrees to pay a lender, stated as a percentage of the amount borrowed or lent; for the borrower, it’s the cost of using the borrowed money; for the lender, it’s the payment she receives for lending the money.. borrower agrees to pay a lender, stated as a percentage of the amount borro
• Other Investments
  Some other types of investments that you might hear or read about are: real estate – buying property (residential or commercial) and then making money from renting it, leasing it, or selling it at a higher price to another buyer real estate investment trusts (REITs) – a way to purchase an interest i
• CDs
  No, “CD” doesn't refer to the small round disc…it stands for “certificate of deposit. Here's what you need to know about CDs: It's a deposit you make with a bank for a certain amount of time,between 1 month and 5 years.. No, “CD” doesn't refer to
• When There is a Gap Between Income and Expense
  That’s another way of saying that you’re spending more than you’re earning! Instead of feeling automatically overwhelmed or fearful, consider it just as a piece of information that can help you determine what you’re fearful of or concerned about. Even though the thought of having more debt/expenses
• Tax Changes that Could Affect Your 2008 Federal Income Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. There are a few new changes to the tax law that could affect your 2008 federal income tax bill. Thes
• Making Plans for Next Year's Taxes
  After you've hit "send" or dropped your completed tax forms in the mail, take a little time to set yourself up to not find yourself in "tax panic" come next year. Consider creating a budget.. After you've hit "send" or dropped your completed tax forms in the mail, ta
• Estate Planning
  Many single women mistakenly think that since they may not have a spouse, partner or biological dependents that it’s not actually that important to have a will. But wouldn’t you like to know that the money you work so hard to earn will continue to benefit the people you love and the causes you belie
• What to Do When It Becomes Difficult to Pay Your Mortgage
  Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment.. Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment. But ma
• The Emotional Transition to Homeownership
  The process of looking for, negotiating and finally buying a new home can be both exciting and nerve-wracking. Being so invested in something can really change your views on some things – like how you think about making financial decisions or how you choose to spend time to care for your home..
• Law Protects Military Members from High-Interest “Payday” Lenders
  A law to help protect military families will cap interest rates set by payday lending companies for military borrowers and their families at 36 percent. Payday lenders, many of whom set up shop near military bases across the U.. A law to help protect military families will cap interest rates set by payd
• Before You Apply for Credit
  It can be tempting to fill out applications for credit but before you apply there are some important questions you should consider and steps to take: Take some time to identify and write down your personal and financial life goals if you haven’t already. Credit is a financial tool that you should us
• Repaying Credit
  When you use credit the lender will typically require that you repay the funds you borrow, and the interest due on the money you have borrowed, in regular installments over a set period of time. If you obtain a fixed amount of credit for a set amount of money for a specific purpose (i.e. to purchase
• Getting Credit
  In order to gain access to credit you will need to apply with an institution or organization that loans money such as a bank, credit union, savings and loan, or credit card company. You will most likely need to complete an application that will ask for two main categories of information: Personal in
• Trading In
  While you will typically always get more money by selling your car yourself, you may not want to deal with the hassle and therefore decide to trade your car in. That means that you are offering to sell your car to the dealership in return for money toward the car that you want to buy..
• Beating the High Cost of Energy at Home this Summer
  With rising energy prices, you will financially benefit from thinking ahead and implementing a few simple tips to manage both winter home heating costs and summer related energy costs at home and on the road. Here are some ideas: Battling Energy Costs at Home this Summer To manage your home cooling
• E-Gold
  E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency.. E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency. You, as a se
• What if I can't pay my tax bill?
  What should you do if you complete your return only to realize that you can't pay your tax obligation? The most important thing to know is that you should NOT delay in filing your taxes because you're not able to pay your tax bill in full. If you don't file you'll have to pay not only the "failure t
• Creating a Will
  A will is a legal document that expresses your wishes regarding how you would like to distribute your property and assets after your death and, if you have children under the age of 18 at the time of your death, who you wish to serve as guardian for your children. Without a will, you are leaving it
• Your Blended Families’ Financial Reality
  Eight out of 10 people who divorce remarry, and, according to U.S.. Eight out of 10 people who divorce remarry, and, according to U.S. Census Bureau statistics they usually do so within three years. But in addition to having some marriage “experience, divorced men and women with children who
• Critical Habits Single Women Need to Develop for Financial Independence
  What most of us secretly want is someone to say “this is the big picture and here’s how to get there. While there is no “magic formula” (and steer clear of anyone who promises you that there is! there are some guiding principles that you can adopt to increase your financial confidence and security. 
• Life Insurance
  Does anyone depend on your ability to work and make money? What financial resources would they have if you died and suddenly weren't there to support them? Are you married? In the U.S.. Does anyone depend on your ability to work and make money? What financial resources would they have
• Stepping Up Your Savings I.Q.
  Looking for a good beach read? Okay, so maybe flipping through a mutual fund prospectus isn't your idea of scintillating summer read. But wouldn't it be a good idea to know how to manage the money you already have? Or maybe learn how to take the first step to saving? Start small..
• Walking Into a Bank
  You can find a bank in a lot of different places. There are stand-alone bank buildings and bank offices in grocery stores and shopping malls.. You can find a bank in a lot of different places. There are stand-alone bank buildings and bank offices in grocery stores and shopping malls. Once you
• Holiday Entertaining
  Office parties. Neighborhood parties.. Office parties. Neighborhood parties. Open houses and formal dinners…the holidays are a time for entertaining. Whether you’re giving the party or simply attending, taking a few minutes to think ahead can help save you money in the long run. Here are
• Gift Giving
  According to Beverly Howell, family economics specialist at Mississippi State University, families spend an average of 750 on gifts at holiday time. Think back to last year – do you remember how much you spent on gifts?  Did you feel comfortable spending that amount or did you have to charge items t
• Managing Your Student Loan
  Learning how to manage your personal finances – including repaying your student loan – is an important part of the road to financial independence. If you’re like most college students with a student loan, this is your first experience having to repay a formal loan.. Learning how to manage yo
• If Your Application is Denied
  If you apply for credit and your application is denied, find out why. For example, if a creditor says that your application was turned down because of information they received through a credit report, they are required to give you the name, address and telephone number of the credit bureau that pro
• Borrowing against Your Home’s Value
  If you own your own home you may want to consider taking out a loan against the equity, or savings, you have built up in your home by taking out a home equity loan. If you have good credit – meaning that you have made your monthly mortgage payments in full and on time – you may be eligible to take o
• Using Life Insurance as an Asset
  While the primary benefit of life insurance is to provide your dependents with income after your death, consumers with permanent life insurance policies are increasingly viewing, and using, life insurance as an asset. That means that they are using the money they have built up in the policy for othe
• Types of Health Insurance Policies
  There are four major types of health insurance policies – indemnity plans, HMOs, PPOs, and POSs. Indemnity or “Fee-for-Service” Plan – Indemnity plans are pay-for-service “coinsurance” plans.. There are four major types of health insurance policies – indemnity plans,
• Financial Issues and Concerns
  One of the top reasons that most families give for merging households is economic pressure and an inability to afford more than one household. This situation is compounded if families are suddenly faced with an additional setback such as a divorce or a family member getting ill, losing a job or beco
• Income
  Before remarrying, both of you were, most likely, responsible for earning an income and supporting your family-even if you were (also) receiving alimony, child support or help from other family members. When you remarry you will need to consider how you want to view your blended family’s income – ar
• Financial Priorities
  Your attitude toward money, previous experiences and personal goals all influence your decisions about financial priorities. Just as with attitudes toward money, your and your new spouse’s financial priorities may differ.. Your attitude toward money, previous experiences and personal goals all inf
• Estate Planning
  One of the results of divorcing and then remarrying when you have children is that both you and your new spouse will need to make some important decisions about how your assets and possessions will be handled and managed after your death(s) You will need to decide upon and “name” beneficiaries (mean
• Tag-Team Parent-Led Child Care
  Millions of families with two working parents face regularly the same stresses and choices in arranging and paying for child care that Andy and Christine face. They have to make tradeoffs between their work schedules and child care availability, and they are worried about the mounting cost of qualit
• A Baby on the Way
  Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living in Connecticut. They bought Ellen’s grandmother’s house when she decided to downsize.. Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living
• Bookkeeping
  You are also well advised to keep your personal funds separate from your business funds. If you incorporate, your bank will require your business to have a separate business checking account.. You are also well advised to keep your personal funds separate from your business funds. If you inco
• Setting Reasonable Goals
  Like many major life steps, the decision to start your own business begins with a review of where you are, where you want to be, and what you need to get there. Some questions to ask yourself include: Are you more interested in money or in being your own boss?  Do you want to build a business you mig
• Can You Afford Not To?
  You may find that starting your business is more of a necessity than a choice. If your employer closes or moves and you don’t have many other job opportunities in your area, working for yourself may be your only option.. You may find that starting your business is more of a necessity than a choi
• Mortgage Center: Frequently Asked Questions
  What is an ARM? An ARM is an acronym for "adjustable rate mortgage. That refers to a home loan where the interest rate charged on the amount of money you're borrowing to purchase the home adjusts, or changes, over time as the government raises or lowers the rate of interest that banks charge each ot
• Refinancing Your Mortgage as an Option to Hold onto Your Home
  For many homeowners who obtained an adjustable rate mortgage over the past few years to buy a home, both time and the economy have not been on their side. Millions of homeowners holding adjustable-rate mortgages are trying to determine if they can refinance their current home loan to be able to affo
• Selling Your Home Part 1
  Every year millions of Americans sell their homes. Some of the most common reasons for selling a home are: Relocating for a job Needing or wanting more room for a growing family Moving after retirement Downsizing Moving to a more desirable or convenient neighborhood for work or school This month we’
• Rising Interest Rates and the Mortgage Crunch and What It May Mean to You
  The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows.. The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows. A surge of homebuyers eager to take advantage of the low interest rates on mortgages began pushing ho
• What's New
  This section will list new articles, features and tools to the Tomorrowsmoney.org suite of sites as they are posted. Refer back to this section regularly to see what new information we have to share to help your audiences gain control over their personal financial planning to create a more financial
• Open Enrollment
  Tara and Erik are a two-income family. Tara works as a paralegal and Erik works as a family counselor at a nonprofit for troubled youth.. Tara and Erik are a two-income family. Tara works as a paralegal and Erik works as a family counselor at a nonprofit for troubled youth. They have a t
• Filing an Amended Tax Return
  Even if you double checked all your numbers and reviewed every line of your completed federal tax return, it is possible to inadvertently make a mistake. Maybe you forgot about some income you had earned when you received a W. Even if you double-checked all your numbers and reviewed every line of your
• To Rent or to Buy?
  THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest.. THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you bu
• Questions to ask a financial advisor
  Good for you. You want to be well prepared for meeting with a potential financial advisor.. Good for you. You want to be well prepared for meeting with a potential financial advisor. Even if you feel panicked about your financial situation and as tempting as it may be to walk into someone's
• What to do when Downsizing?
  Most people cite "being able to stay in my home" as one of their top financial priorities. If your finances are tight, you might want to do a little math to figure out how your current monthly mortgage compares to your current income.. Most people cite "being able to stay in my home" a
• What Long-Term Care Insurance Will Cost You
  The premium for long-term care insurance, or the amount of money that you will have to pay yearly to maintain coverage, is usually higher than for other forms of insurance – anywhere between 2,000 - 8,000 per year. The cost of your premium will depend on several factors, including: The cost of car
• Short-Term Disability Insurance
  A temporary disability can put you out of work, and without income, for a longer time then you may have savings for. Short-term disability insurance pays a percentage of your salary if you become temporarily disabled.. A temporary disability can put you out of work, and without income, for a l
• Making Home Improvements
  Whether you have purchased a real “fixer-upper” or you are considering modest “cosmetic” changes, making home improvements can be a way to make your home better fit your family, lifestyle and/or financial goals when re-selling. Deciding on Improvements and Setting Your Budget Making home improvement
• Reverse Mortgages
  If you are 62 or older and own your home you have access to a special type of financing that can help you turn your greatest asset – your home – into supplemental income, enabling you to meet your other financial obligations and reach important life goals. A reverse mortgage is a financial tool that
• How to Improve Your Credit Score
  Your credit score is not set in stone; it changes over time as you use, manage and maintain your credit. If you have recently learned that you have a low credit score, the good news is that there are things you can do to improve your score: Request and review your credit report on file with each of
• Giving Wisely
  Every year millions of people support nonprofit organizations to care for people in their communities, strengthen causes they feel strongly about, and reach out to people affected by disasters. Giving is a noble and generous act of caring and service.. Every year millions of people support nonprofit or
• The Importance of Opening and Acting On Your Retirement and Investment Account Statements When the Financial Markets are Volatile
  With the wild fluctuations in the financial markets Americans are, understandably, nervous to see how their own investments have fared. What do you do when your retirement or brokerage account statements come in the mail?  While it can be tempting to file them away or even toss them out, it’s actuall
• Preserving the Value of Your Home and Community When the Housing Market Changes
  With the increased rate of home foreclosures nationwide, many homeowners, and home sellers, are facing tough questions about how to maintain as much of their home's value as possible, how to sell a home in a slowing real estate market, and how to ensure that their community remains a desirable place
• Dealing with Deployment
  Deployment is a stressful time for every member of the family. By taking time to talk together as a family, and separately as a couple, you can better manage both the emotional and logistical aspects of being apart from your servicemember.. Deployment is a stressful time for every member of
• Offers & Counteroffers
  When you've found the home you want the next step is decide whether or not you want to make an offer, meaning that you want to tell the seller that you want to purchase the home. Making an offer is where you put pen to paper and outline exactly how much money you're willing to pay for the home and u
• Taxes
  Being your own boss creates plusses and minuses on the tax side. Among the plusses are the possibility of deducting business expenses—the use of your car, the use of a home office, the cost of supplies, publications and business entertainment—within the IRS regulations, to reduce your taxable income
• Scams to Avoid
  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
• Getting off to a Good Start as an Investor: Making a Plan for Your Finances
  We weren’t born knowing how to make financial plans and many of us did not learn much about personal finance and investing in school. However, that does not mean you can’t take steps now that will help you make plans for your finances and investing.. ow to make financial plans and many of us did not
• Tax Law Changes to Know When Filing Your Federal Income Taxes
  Every year the federal income tax laws change. Those changes can be small or monumental. And those changes can have a substantial impact on the information you may need to gather, forms you may be required to complete and –. Every year the federal income tax laws change. Those changes can be small o
• When to Begin Repaying Your Student Loan
  If you have a student loan, one of the first big questions you probably have is “when do I have to begin paying back this loan? The answer is: it depends. It depends on the type of loan you have.. n, one of the first big questions you probably have is “when do I have to begin paying back this loa
• The Bottom Line on Health Insurance
  The bottom line is that health insurance doesn’t have to be all-or-nothing. There are significant financial risks and physical health costs to living without health insurance—it only takes one major uninsured injury, accident or illness to leave you with big bills that can take a long time to pay of
• Health Insurance Issues
  Health insurance is a vital part of your, and your family’s, medical and physical health. Unfortunately too many Americans currently don’t have health insurance.. al part of your, and your family’s, medical and physical health. Unfortunately too many Americans currently don’t have health insurance. If you don’t
• Creating a Location-Independent Job with Your Current Employer
  If you’re interested in having a location-independent job you may think that you have to strike out on your own, however that’s not necessarily true. Before you hand in your two weeks’ notice to find a job that doesn’t require you a commute to punch a clock you should think twice.. aving a location-independ
• First Steps
  Once you have made the choice to take back control of your financial life there are some immediate first steps you can take to feel empowered and make a significant, positive difference Get rid of the guilt. Feeling guilty or. Once you have made the choice to take back control of your financial life t
• Looking Ahead
  Once you have succeeded in getting your finances back on track, improve your chances of not falling back into financial difficulty by taking these preventive measures Figure out your “triggers. An important first step to regaining control of your financial. Once you have succeeded i
• If You Can't Afford Coverage
  If you can’t afford to purchase a full health insurance policy, don’t give up yet. There may be some partial solutions that will still help you protect yourself and your family against the financial and health dangers of having no health insurance at all.. rchase a full health insurance policy, don’t give
• Purchasing Insurance on Your Own
  There are several reasons that you may purchase insurance on your own. Perhaps you are self-employed.. that you may purchase insurance on your own. Perhaps you are self-employed. Perhaps you just graduated and are no longer eligible to be covered under the policy you had during school. (se
• What if I need an extension on my taxes?
  If worse comes to worst, don't panic. You can always file for an extension.. don't panic. You can always file for an extension. The important thing is that you need to file Form 4868 or call the IRS at (888) 796-1074 by April 15 for a four month extension. But that's just an extension to file, not to
• Two Options When Your Credit Limit is Cut
  If your credit limit has been cut (or you receive notification that your creditor is planning to reduce your limit) you have two options Contact the creditor to ask for your current limit to be maintained or reinstated. Collect copies. If your credit limit has been cut (or you receive
• What It Means to Have Your Credit Limit Cut
  It used to be that you only had to worry about your credit limit being lowered (meaning you could borrow less) if you were chronically late on making your payments or if you simply stopped paying altogether for a period. It used to be that you only had to worry about your credit limit being lowe
• Buying a Property at Auction
  Once a home has been foreclosed upon the lender will put the home up for sale at public auction. That means that anyone can bid on purchasing the property. You can find a list of upcoming foreclosed property auctions in. Once a home has been foreclosed upon the lender wi
• The Foreclosure Process
  Foreclosure is a legal process. It occurs when a homeowner fails to make his her monthly mortgage payment according to the terms of the loan and the lender then either sells or repossesses the property. The foreclosure process doesn’t happen. Foreclosure is a legal process. It occurs when a h
• Blended Families
  Blended families—they used to be a “new” form of family. Now they are increasingly the norm.. According to the Stepfamily Foundation, nearly 1,300 new step, blended or second families are created every day in the U.S. in fact 64% of all American families are some form of blended family. Blendi
• I don't know where to turn for help.
  Once you're comfortable knowing your own financial situation, and have begun making some small, but very important steps, toward saving and investing you may want to get additional help. There's a wealth of good, easy-to-understand, free help available by going online or doing some simple research a
• I've already declared bankruptcy, my credit is ruined, and I know I'll never really be able to get ahead--so what's the point?
  Failure is not final, so the saying goes. The same is true for bankruptcy.. the saying goes. The same is true for bankruptcy. Every year hundreds of thousands of Americans file for bankruptcy and have to begin the road back to repairing their financial life. Regardless of how disappointing or even de
• Retirement Planning Worksheet
  OBVIOUSLY, DECIDING how much money you need for retirement is a highly personal calculation. It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early.. OBVIOUSLY, DECIDING how m
• How Unemployment Benefits are Calculated and What Happens When They Run Out
  When you lose a job you may be eligible for temporary unemployment benefits which can help you bridge the uncertain – and often financially worrisome period – between jobs. If you qualify, unemployment benefits will provide you with a percentage of your take-home pay for a specified period of time,
• Factors to Weigh When Making Your Decision to Begin Receiving Benefits
  There are two schools of thought when it comes to taking Social Security benefits – the earlier you take your benefits the longer you’ll be drawing a monthly check; however the longer you wait the more money you’ll receive in the long run. While it makes the most financial sense to wait as long as p
• Recalculating Your Financial Future
  Whatever your reasons for wanting to back to work – or to delay retirement – it’s important to get an accurate picture of your financial situation. If you don’t already have a working budget. wanting to back to work – or to delay retirement – it’s important to get an accurate picture of you
• Before You Go Back to Finish Your Degree or Get Another
  Before Caroline had finished her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.. hed her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.D. in psycholo
• Insurance Benefits
  It can be easy to think that it’s not financially possible for your family to afford insurance. But with some work and help from the staff in your family support center you may be able to find affordable forms of insurance to provide for and protect your family’s future.. hat it’s not financially
• Step 3: Take Action
  Now that you've got the "big picture" of what types of investments may be best for you, take a few minutes to answer a few more questions about your saving and spending habits . Once you complete this short questionnaire and click on the "continue" button you'll get a simple, personalized list of re
• Asset Allocator for Retirees
  Just because you're retired doesn't mean you can relax when it comes to your investments. It’s important that in addition to making sure your investment decisions line up with your personal goals, risk tolerance and investment time horizon you have a healthy mix of types of investments..
• Should You Refinance?
  KNOWING EXACTLY when is the perfect time to refinance would require a bit of psychic ability on your part. That's why many experts say if you find a good deal that saves you a significant amount of money, it's probably not worth trying to beat it by predicting mortgage-rate moves. So what rate would
• Creating Financial Stability and Structure Without A Steady Paycheck
  As you begin to take charge of your finances, you may find that you need some professional help. For more information on available services, and how to work with financial professionals, . As you begin to take charge of your finances, you may find that you need some professional help. For
• Your Potential Investment Chart
  Just by answering a few basic questions you've already taken an important first step in getting a grip on your financial needs and how that relates to your possible investment choices. The chart you see at right is a picture of the types of investments that you should consider based on your resp
• Writing a Check
  Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks.. Checks provide a convenient way for you to make purchases and pay bills. When you open a checking account you will order checks. Your check will proba
• Which IRA Is Best?
  IRAs offer you a way to create tax-advantaged retirement savings. But with three flavors to choose from - Roth, deductible or nondeductible - figuring out which IRA is the most appropriate for your retirement savings and investment plan can be confusing.. IRAs offer you a way to c
• What should I do before I meet a professional?
  The most important thing to do is know why you're going. Do you need help organizing your finances? Do you want to draw up a new will or modify an existing one? Do you want to invest some money? Do you want to get more control over your spending and begin building toward your financial dreams? Knowi
• Bonds are boring and too hard to understand.
  FALSE. You can learn more about bonds.. FALSE. You can learn more about bonds. Bonds pay interest at the coupon interest rate and, because their values usually do not change all that much, they add stability to your overall investment portfolio. High quality, inves
• Things to Consider Before Renting
  Renting means that you have signed a legally-binding contract to pay a property-owner (also sometimes referred to as a “landlord” for the ability to live in the property (condominium unit, townhome, single-family home or apartment) for a specified period of time. Before heading out to find a place y
• Signing a Lease
  Depending on your timeframe and the market for rental properties in your area you may need to sign a lease quickly, in which case you need to understand what the lease outlines and what you’ll need to provide. If you’re renting from a large property management company (like those that own large apar
• Moving In
  Congratulations! After doing all the work of finding a place, negotiating and signing a lease and possibly finding a roommate or two, you’re ready to move in. Since it’s your first place you may not have a whole lot of furniture to move in, but before you run out to fully furnish your new place it’s
• Getting Out of a Lease
  There are a number of reasons that you may find yourself needing to break a lease. Perhaps the landlord didn’t make repairs you discussed, your neighbors are unruly, you have found it’s an unsafe neighborhood or you’re getting relocated for your job.. There are a number of rea
• Where to Buy a Car
  As with most things nowadays you have a lot of options when it comes to where, and from whom, you buy a car. Let’s look at your choices: Traditional car dealership.. As with most things nowadays you have a lot of options when it comes to whe
• Estate-Planning
  Estate-planning is the process of making legally-binding decisions and creating legal documents to ensure those wishes are honored both while you are alive and after you have passed away. It is part of a planning process that relates to your finances and will help your family and loved ones by provi
• Your First Place
  With school behind you the freedom and excitement of possibly living on your own is just ahead. According to Experience Inc, a Boston-based recruiting firm, about half of all college graduates move out on their own after college.. With school behind you the freedom and excitement
• Home-Buying 101
  Owning a home. It's the American dream.. Owning a home. It's the American dream. But maybe you feel like that's all it will ever be - a dream. The good news is that with some time, and a little work, you may very well be able to turn that dream into reality. Buying a home is not a one-time
• College Education Cost Planning
  Being able to pay for – or help pay for – a child’s education is one of most parents’ significant, and costly, financial goals. In fact “Money” magazine found that: 41% of parents plan to pay their child’s full college bill 54% plan to pay some costs 95% plan to pay at least something toward their c
• Important Considerations for Saving and Investing for Retirement at Every Lifestage
  Retirement is one of the single most important financial goals you’ll ever have. It’s also one of the most expensive.. Retirement is one of the single most important financial goals you’ll ever have. It’s also one of the most expensive. Retirement – the period in life when you no longer work a
• Preparing Financially for the Holidays
  As soon as the calendar flips to November, holiday decorations begin appearing in stores with the not-so-subtle reminder that we only have a few short weeks to make this the most perfect holiday season ever. Give yourself a break this year.. As soon as the calendar f
• The Single Woman
  Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company.. Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company. She earns
• Risk tolerance
  Risk tolerance an individual investor’s ability to see the value of her investments go down or lose money without panicking. Risk tolerance is a function of time frame, goals, circumstance and attitude.. Risk tolerance : an individual investor’s ability
• Time to Branch Out On Your Own?
• Getting Professional Help
  If you’re at a point where you are having credit card problems, facing staggering debt, are receiving overdue notices, or getting calls from collection agencies you may feel scared. If you’re overwhelmed, can’t figure out how you are going to get out of this, or just feel like you could use someone
• Financing Your New Living Arrangement
  You may not have a significant change in expenses if you are moving but still maintaining your independence in a smaller single-family home, condo or apartment. On the other hand moving into a CCRC or assisted living facility can require significant upfront cash payments of tens to hundreds of thous
• How can I check on my financial advisor’s background and credibility?
  Before you sign any papers or give someone any money to invest on your behalf, check on their background. You want to make sure that he/she has a spotless record.. Before you sign any papers or give someone any money to invest on your behalf, check on their background. You want to make su
• Your Savings and Investments in Turbulent Financial Times
  The financial markets volatility in 2008 – 2009 led to a lot of investor uncertainty. These articles address concerns about some of the most common areas of concern for people who have saved and/or invested money.. The financial markets volatility in 2008 – 2009 led to a lot of investor un
• Empowering Them to Move Forward
  Taking charge of their personal financial life is a significant, positive step for the person you’re helping. Be mindful to affirm his or her successes, to celebrate accomplishments, and to encourage him or her as they pursue developing new skills and healthy lifestyles.. Taking charge of their pe
• Helping People Who Are Having Trouble Making Ends Meet
  Dealing with finances can evoke numerous responses in people – anxiety, confidence, fear, panic, confusion, intense interest or disinterest, etc. When people are in financially turbulent times, their normal feelings and attitudes about money are intensified Recognize that when you are talking to som
• Credit Card Reform Begins to Take Effect
  As of August 20, 2009 credit card companies are required to give customers at least 21 days to make their monthly bill payment and at least 45 days advance notice of changes in their card terms and conditions. These changes were part of the Credit Card Accountability Responsibility and Disclosure (C
• Glossary of Terms
  A Accrued Interest . A Accrued Interest Age As
• Who Extends Credit
  Various organizations, businesses and financial institutions extend credit. For example Department stores offer store credit Utility companies (phone, gas, electric, water) provide services on credit (meaning people receive/have the ability to use those services and are charged afterwards for their
• Where to Find Work
  Depending on how long you’ve been out of the workforce you may find that things have changed significantly in your prior industry. Before you begin sending out resumes take some time to read up on the industries you’re considering re-entering.. Depending on how long you’ve been out of the workf
• Buying Green When it Comes to Groceries
  One of the hallmarks of the “green movement” is buying food that is either more locally grown (to reduce the cost and environmental impact of shipping food) and/or buying organic. By buying locally-grown food you are reducing the transportation cost (and environmental impact of that transportation)
• Things to Consider When Evaluating Policy Options
  Purchasing homeowners or renters insurance is a financial investment. So just like anything else that you pay money for, you’ll want to take your time to do a little research, ask the right people the right questions and feel confident in the answers before making a commitment..
• Healthcare and Health Insurance
  The military healthcare system is called TRICARE. It is an enormous system that provides healthcare for servicemembers, activated Guard and Reservists, retired members of the military and military spouses and dependents.. The military healthcare system is called TRICARE. It is an enormous system
• Insurance
  Health Insurance While the exact type of health insurance varies across federal, state and local governments, every public employer offers health insurance coverage and benefits to full-time workers and often to part-time workers as well. The Federal Employees Health Benefits Program (FEHB) offers h
• Buying a Cell Phone
  In the past you were tethered to a landline to make a call. Today’s technology makes it possible to talk with your friend in Baltimore while basking on the beaches of Belize.. In the past you were tethered to a landline to make a call. Today’s technology makes it possible to
• Best Way to Use Credit
  Now before you think that you should never use credit cards, it’s actually a good idea to use them…IF you can use them wisely. Why? Well, establishing a good credit history makes it more likely that you’ll be approved for loans you might apply for later like a home mortgage or car loan..
• What are brokers and do I need one?
  A broker is someone who is licensed to buy and sell investments for individuals. Brokers are required to pass an exam and register with the Securities and Exchange Commission (SEC) in order to practice.. A broker is someone who is licensed to buy and sell investments for individuals. Brokers are require
• Mortgage Foreclosure Scams to Be on the Lookout For
  Unfortunately there are people who look to prey on people in financially vulnerable situations like those facing foreclosure. There are two main types of scams to be on the lookout for: Equity skimming.. Unfortunately there are p
• Seeking Potential Income
  If the person you are helping has learned that he/she is going to lose a job, or has recently lost a job, the first step is to look into getting any earned benefits from his or her employer such as: severance pay money for paid time off (i.e. vacations) that was not taken compensation for unused sic
• Finding and Joining a Credit Union
  To find a credit union that you may be able to join: See if your, or your spouse’s employer has a credit union Ask parents and any immediate or extended family members if they belong to a credit union, as some credit unions will allow family members to join Check with any associations or organizatio
• How Much Coverage Do You Want for Your Home?
  Let’s start at the beginning. Imagine that your home was completely destroyed.. Let’s start at the beginning. Imagine that your home was completely destroyed. What it would cost to rebuild your home entirely?  What would it cost to replace the possessions inside?  Beginning to thin
• Before re-entering the work force
  Research your potential future employers. Look for an employer offering a defined contribution (401(k) or defined benefit retirement plan (pension). Research your potential future employers. Look for an employer offering a defined contribution (401(k) or defined benefit retirement plan (pension) Cl
• Saving for Retirement When You're Not Working
  When 32-year-old Eveline found out she was pregnant she began counting the months until her baby's arrival… and she could leave her full-time job as a sales representative for a pharmaceutical firm.. When 32-year-old Eveline found out she was pregnant she began counting the months until her baby's a
• Who sells annuities?
  Only people who hold a license to sell insurance and mutual funds can legally sell annuities. These people may work for different financial institutions—banks, brokerage firms, financial planning companies—or they may be independent licensed financial advisors.. Only people who hold a li
• Counteroffers and Closing
  Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the second or third go-around.. Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the se
• Help! I don't know how to get a handle on my finances.
  No matter how lost you feel, or how behind in your bills you are, there are a few simple things you can do to begin getting a handle on your finances: Step 1: Identify your income. Don't overlook all your potential sources of income: Paycheck from your full-time job Income from a part-time job or oc
• Insurance
  What forms of insurance do you have that you could tap into or could help with the costs of a move? Long-term care insurance is designed to help people pay for extended or occasional care by a home health aide or licensed medical professional either in-home or at an assisted living facility, senior
• Continuing Care Retirement Communities
  Continuing Care Retirement Communities (CCRCs) can be a very attractive housing alternative because they offer the security of knowing that your long-term housing, services and nursing care will all be provided in one development as you age. CCRCs are age-segregated, meaning that it is a housing com
• Selecting and Working with an Attorney
  Estate-planning involves making numerous legally-related decisions so even though you can use do-it-yourself estate-planning kits sold online or through local business supply stores to get started, it’s wise to finish your work with an established, credible and experienced attorney. Ask friends, fam
• What if I want to change financial advisors?
  First, don't feel badly. Even if you've hired a close friend or family member, know that people switch financial professionals all the time.. First, don't feel badly. Even if you've hired a close friend or family member, know that people switch financial professionals all the time. Again, co
• Investing is too risky for me.
  FALSE. Not investing is even riskier.. FALSE. Not investing is even riskier. That’s because inflation , even at today’s low rate, causes a dollar to be worth less tomorrow than it is today because the cost of living continues to creep upward. If the interest rate
• Cash and Cash Equivalents
  Cash This starts off easy enough…cash is, well, cash.. Cash This starts off easy enough…cash is, well, cash. Right? Yes. And no. In the world of investing
• Stocks
  Stocks: A share of stock represents a piece of ownership in a publicly traded company that has met the qualifications for having its shares listed on a stock exchange, where shares trade throughout the day. If a company has one million shares of stock outstanding, each share is worth one one-million
• Risk
  Risk in investment terms is the risk of losing money because the price or market value of investment is lower when you sell it than when you bought it. On the flip side, the higher the risk, the higher the potential reward.. Risk in investment terms
• Principal
  Principal: the amount of money invested or borrowed, not counting the return or cost..
• Mutual funds
  Mutual funds are investment companies that pool the money invested by many people and create a professionally managed portfolio or group of securities with a stated investment objective. Each mutual fund share represents an equal piece of the entire portfolio. A fund’s “ net asset value , which dete
• Certificates of Deposit (CDs)
  Certificates of Deposit (CDs) are usually issued by banks. They have specific maturity dates, usually a number of months or a small number of years, and most have penalties if you want to take your money out before maturity.. Certificates of Deposit (
• Cash equivalents
  Cash equivalents: are short-term fixed income savings vehicles such as deposit accounts, money market mutual funds and Certificates of Deposits that offer low risk and high liquidity .Summary Cash
• Bonds
  Bonds are like an IOU from the issuing corporations or government in exchange for money lent to it by an investor. All bonds have a . Bonds are like an IOU from the issuing corporation
• Asset allocation
  Asset allocation is the foundation of most investment plans. It tells you how much of your money you want to have invested in different kinds of investments or assets (sometimes called “.
• Income
  Income: money paid by your investments during the time you own them. Income is usually interest on bonds or dividends on stocks.. Income: money paid by your investments during the time you own them. Income is usually interest on bonds or dividends on stocks.
• Deposit accounts
  Deposit accounts at banks and credit unions allow you to put money in and take it out—by writing a check, using an ATM card or making a withdrawal—whenever you want. Some accounts pay interest but may require you to maintain a minimum balance to avoid fees..
• Return
  Return : the profit or money you make on an investment; often called “reward.. Return : the profit or money you make on an investment; often called “reward.. Return : the profit or money you make on an investment; often called “reward. .
• Capital
  Capital:   money that is invested or available for investment.. Capital: money that is invested or available for investment.. Summary Capital:   money that is invested or available for investment. .
• Sell short
  Sell short: In investing when you sell short, you sell securities you don’t actually own yet because you think the price is going to go down and you can buy them cheaper in the future than you can sell them today. If the stock’s price falls, short-selling is profitable..
• Debt
  Debt: borrowed money. Bonds are debt securities.. Debt: borrowed money. Bonds are debt securities.. Summary Debt: borrowed money. Bonds are debt securities..
• What Should I Do Once I Begin Investing?
  You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e.. You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e. get m
• Alternatives to Getting a Refund Anticipation Loan
  There are options likely to be less expensive than an RAL if you need the amount of money that you will get from your tax refund quickly. For example: If you simply want to speed up getting your refund, file your income tax forms online (visit www.IRS.gov ) and you can have your refund check either
• When Income and Expenses Are Pretty Close
  You’re in a pretty good place! Consider making a few small lifestyle changes to be able to build up some savings, if for no other reason than to have some funds set aside for an emergency. Read on for .
• I don't have enough time to figure this all out.
  Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of the biggest barriers to saving and investing, for many people, is the lack of time.. Do you have 30 minutes? Then you can start implementing a personal saving and investing plan. One of
• Tax Issues
  While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.. While none of us particularly enjoys having to file and pay taxes it is an important part of our financial planning. Our Tomorrowsmoney.org website pr
• Insurance
  Insurance is an important part of your overall financial planning. It will ensure that you can maintain your income, your assets and keep you on track with your financial plan.. Insurance is an important part of your overall financial planning. It will ensure that you can maint
• Some Questions to Ask
  When working through the decision about whether or not to purchase flood insurance, consider asking an agent the following questions: Is my home eligible to purchase flood insurance through the NFIP program? Not every home is located in an area that participates in the NFIP program, and therefore yo
• Help for Subprime Mortgage Holders
  If you obtained a subprime mortgage between January 1, 2005 and January 31, 2007 and you are either having difficulty paying the mortgage now, or think you will have difficulty paying it when the interest rate "resets" you may be able to qualify for help. The federal government has worked with mortg
• Ongoing Homeownership Responsibilities
  In addition to paying your mortgage there are other financially-related items to keep track of and take advantage of such as deducting the interest on your mortgage from your taxes, considering a home warranty, and keeping home records. Claiming the Mortgage Interest Deduction on Your Taxes There is
• If You Can’t Pay a Medical Bill
  If you cannot pay your medical bills consider some of the following suggestions: Contact the office quickly. Don’t just not pay the bill, call the office and let them know of your difficulty.. If you cannot pay your medical bills consider some of the following suggest
• Budgeting for Healthcare Costs
  Budgeting for future healthcare costs is important so that you’re not caught off guard by unexpected bills, forcing you to put them on a credit card or dip into savings. When thinking about and planning for future healthcare costs think through potential future needs including: Co-payments for docto
• Minimum Payment Required on Credit Cards Going Up
  Credit card companies typically required customers to make a minimum payment of just 2 percent of their total card balance. That 2 percent only helped pay your interest and fees and didn’t help make a dent in the actual principal amount you owed.. Credit card companies typically required customers
• Debt Consolidation and Debt Management Plans
  One of the services that credit counseling agencies provide is debt management plans, or DMPs. A DMP is a plan that a counseling agency develops with a client's creditors to help a client consolidate (pool together) and pay off their debt.. One of the services that credit counseling agencie
• Credit Scores: What They Are, Why They Matter and How to Improve Yours
  Did you know that you have something called a credit score that employers, landlords and lenders can view and use to make a wide variety of decisions about you?  A credit score is a number – ranging between 300 and 850 - that represents your creditworthiness, or the perceived likelihood that you will
• Changes You Could Make at the Office
  Just like making changes around the house, there are things you can do during your workday to feel better about the impact you and your co-workers are having on the environment. Create a recycle box.. Just like making changes
• Utilities and Appliances
  Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But the answer is the production of electricity.. Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But
• Buying Green What It Means and Why People are Doing It
  Buying green means different things to different people, but most commonly it means purchasing items or services that capitalize on our planet’s natural resources and reduce potential harm to the environment. Up until recently we haven’t had an easy way of talking about how much we consume in a way
• Saving at the Pump
  To help reduce your overall gas consumption consider the following tips: Drive wisely. Aggressive driving (raking, speeding and rapid acceleration) is not only unsafe but a waste of gas – you can use up to 33 percent more gas by driving aggressively at highway speeds! Pump your tires up. By keeping
• Credit Unions
  Perhaps you have heard of credit unions, but don’t know much about them. Credit unions are nonprofit cooperative financial institutions.. Perhaps you have heard of credit unions, but don’t know much about them. Credit unions are nonprofit cooperative financial institutions. Let’s break t
• Online Banking
  Most banks now offer online banking – a service where you can check your account activity and balances, pay bills and transfer funds between accounts over the internet. Make sure you know if your bank charges you a monthly fee to be able to use their online banking service.. Most banks now offer onli
• The Single Male
  Scenario: Steve is a 32-year old single male, working as an accountant for an oil drilling firm in Texas. He has been with the company for 2 years and currently earns 48,000 about 39,000 after taxes.. Scenario: Steve is a 32-year old single male, working as an accountant for
• Getting Married
  Scenario: Jennifer and Kevin are a newly engaged couple, living in Colorado, beginning to plan their wedding. Jennifer is a 25-year-old teacher earning 28,000 a year.. Scenario: Jennifer and Kevin are a newly engaged couple, living in Colorado, beginning to plan their wedding. Jennifer is a 2
• The Financial Effects of Divorce
  In most cases blended families arise from at least one, and usually both, spouses being previously divorced and remarrying after living as single parents. Divorce creates financial hardship for both spouses, but most glaringly for the wife/now-single mother.. In most cases blended fam
• Who Will Be Helped Under the Making Home More Affordable Program
  The Obama Administration’s 75 billion “Making Home Affordable” housing plan is designed to help approximately 9 million people who are at-risk for either defaulting on their mortgage loans or going into foreclosure. The plan is part of the 400 billion “bailout” package approved by Congress in Fall
• Planning for Health Costs
  Part of improving, or maintaining, your physical and financial wellness is preparing for future needs and making plans to meet those needs. Physically that involves keeping an eye on the food you’re eating, the calories you’re taking in, making time to exercise and getting regular checkups..
• Considering Chapter 7 Bankruptcy
  Chapter 7 bankruptcy is the most common form of personal bankruptcy for people to file. It’s the most “popular” form because it’s fairly straightforward, inexpensive to file, requires little time, is finalized quickly and at the end, your consumer debt is erased.. Chapter 7 bankruptcy is t
• What Would Happen if You Didn’t Repay the Loan
  A student loan is a formal, legally-binding loan just like a car loan or a home loan. That means that when you took the money to pay for school, you agreed to send in the full monthly loan repayment amount on time by the set due date.. A student loan is a formal, legally-binding loan j
• Available cash and investments
  Talk with your financial advisor, or get help from financial advisors through asking your bank or credit union. What do you have available now and in the future.. Talk with your financial advisor, or get help from financial advisors through asking your bank or credit union. What do you h
• Strategies to Drawing Down Your Retirement Savings and Investments
  From the time you begin working you read and hear about the importance of saving and investing for your eventual retirement. But how do you create a plan for spending it once you reach retirement?  With a current average life expectancy of 77 and an average retirement age of 62 most retirees will hav
• Work and Taxes
  Over your lifetime you’ll spend a majority of your time at work. How do you make choices about your work that will help you create financial security for yourself and your family?  And as you collect earnings how do you make choices to minimize the taxes you’ll need to pay on that money?  This section
• Step 4: Invest Wisely
  Investing involves taking a long view of your goals, knowing how much risk you feel comfortable taking (and can financially afford to take) and then creating and sticking to a plan to grow your money. The more you learn about basic investing principals the more confident you’ll feel to be able to we
• Buying and Spending
  Every day presents us with choices – choices about how to allocate money to reach our goals while still purchasing the things we want and need. The range of choices is wide – from a major financial commitment like buying a car to more “everyday” choices like buying groceries and back to school suppl
• Create or Update Your Wills
  While no one particularly likes to think about their eventual death, it is incredibly important that both you and your spouse have wills drawn up to specify what you want to happen when you pass away. It is estimated that nearly 70% of all adults die without a will.. While no one particularly
• How much home can I afford?
  Buying a home is typically the largest financial commitment most people make. It can also seem like one of the most confusing and overwhelming processes you've ever navigated.. Buying a home is typically the largest financial commitment most people make. It can also seem like one of the most confusing
• Alternatives to Consider if You Have Difficulty Securing Credit on Your Own
  If you have been turned down several times, don’t continue to apply for credit. It won’t look good on your credit report (which is what credit-extending companies use to determine if they will lend you money) and it can become unnecessarily frustrating.. If you have been turned d
• Military Families
  Serving in the military is an honorable, yet challenging, career. Military families face numerous unique challenges posed by military life – from having to deal with the logistics of frequent relocations to the emotional trauma of deployments – in addition to everyday issues like balancing family an
• Taxes
  As the saying goes taxes are one of the two certainties in life. It’s critical that you plan for, budget and pay your taxes on time and in full.. As the saying goes taxes are one of the two certainties in life. It’s critical that you plan for, budget and pay your taxes on time and in full. Take
• Starting Your Own Business – Thinking Like an Entrepreneur
  Have you always dreamed of being your own boss?  Have you hit the ceiling of opportunity at your current company?  Are you between jobs, or concerned about how long your current employment may last and feeling as if you’d rather depend on yourself than yet another employer? Whatever the case, lots of
• Long-Term Care Insurance
  John never felt comfortable talking about financial or health matters with his father. He assumed that his father, a widower, had insurance or savings that would pay for any long-term care he would need as he aged.. John never felt comfortable talking about financial or health matters with
• What Does It Mean to Go Green?
  With global climate change concerns becoming a significant social issue, people are more aware of how their daily choices affect the environment. In particular, people are increasingly concerned about how energy production using fossil fuels such as coal, oil and gas impacts the environment, and in
• Creating Credit When You Have None
  Most likely at some point in your life you will need to, or want to, use credit. Establishing credit can help you get a job, rent an apartment, buy a car, qualify for a personal loan, finance a college education, purchase a home and more.. Most likely at some point in your life you will ne
• What Is Mortgage Foreclosure
  Sadly some people end up having their homes foreclosed upon simply because they were too embarrassed to contact their lender, or didn’t know what foreclosure is and what options are available to them to avoid foreclosure. Let’s start by getting clear on what foreclosure is: Foreclosure is a legal pr
• Buying a car
  Buying a car is a major investment. To get the most for your money, consider the following car-buying tips: September is the new model year for cars, so summer is a good time to buy a new car.. Buying a car is a major investment. To get the most for your money, conside
• Saving for a Down Payment for a Home
  Purchasing a home is a big financial commitment—and one that will require you to put down a significant amount of cash, typically up to 20% of the purchase price of the home, out of pocket. There are some important things to consider and steps to take when beginning to save money toward a down payment on a home. 
• Questions to Ask When Considering Joining a Credit Union
  If you find a credit union and determine that you are eligible for membership, consider asking some of the following questions when considering signing up to join and open an account: Does the credit union have automated teller machines (ATMs) If you use ATMs frequently you might want to find out wh
• Possible Benefits that Credit Unions Can Offer
  There are a variety of reasons that people use credit unions. Credit unions are typically smaller organizations than most banks or savings and loan institutions and can sometimes focus on providing levels of personal financial services or community focus and connections that seem more relevant or in
• When Should You Use a Debit Card?
  Debit cards can help you maintain financial discipline. Instead of using, and potentially racking up significant, ongoing credit card debt, consider using a debit card.. Debit cards can help you maintain financial discipline. Instead of using, and potentially racking up significant, ongoing cre
• Opening an Account
  To open an account, a bank’s customer service representative will first explain the account options, benefits, fees and services. Then he/she will ask you to complete an application and provide at least one form of personal identification with a photo (such as a driver’s license, passport or militar
• All the Extras
  If you are buying a car from a dealership, after you have settled on a car to buy you are going to be offered a lot of “extras” – things like: Auto club memberships Dealer-installed alarm system Road-side assistance Rust-proofing Special paint coatings Undercoating Upholstery protection While all of
• Negotiating, Bargaining and Working with Salespeople
  So you’ve done your homework, thought about buying vs. leasing and new vs.. So you’ve done your homework, thought about buying vs. leasing and new vs. used, and looked into your financing options. Now you’re ready to talk seriously with a seller. If you decide to buy through a dealership, before you
• Considering Chapter 13 Bankruptcy
  Filing for Chapter 13 personal bankruptcy is called “debt reorganization. Under Chapter 13 you will be required to pay back a portion of your debt according to your ability to pay over a 3-5 year monthly payment plan.. Filing for Chapter 13 personal bankruptcy is called “debt reorganization. U
• What Does It Mean to File For Bankruptcy
  When someone reaches the point of filing for bankruptcy they have typically endured a period of embarrassing financial, and perhaps emotional and physical, losses. Often people filing for bankruptcy are ashamed of the place where they have found themselves and they struggle to keep paying and to fin
• What Happens if a Creditor Takes You to Court
  Until a collection agency sues you and wins they can’t legally take anything you own to pay off your debts. However, once the agency sues you and wins, they obtain a “judgment” against you they can take your “nonexempt” property to collect against your debt.. Until a collection agency
• What is a Credit Counseling Agency
  Credit counseling agencies are nonprofit organizations that provide financial counseling and education to clients who are having significant trouble managing their debts. Credit counseling agencies offer a wide array of services to help people that need to get a handle on their use of credit and lea
• Debt: The Anti-Investment
  Diminishing Your Debt Diminish (di min'ish) – v. to reduce in size.. Diminishing Your Debt Diminish (di min'ish) – v. to reduce in size. Reducing the size of your debt sounds nice, doesn't it? Sure, but what does that have to do with investing? Everything. Take a look at your next credit card
• If You Have Left, or are Contemplating Leaving, School
  Sue had always struggled in school but she wanted to try earning a college degree at a small nearby university. She was nervous about the workload and how much money it would take to finance her education.. Sue had always struggled in school but she wanted to try earning a college
• Using Credit Cards to Make Ends Meet: The Risks of Viewing and Using Credit as an Essential Supplement to Income
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• Earthquake Insurance for California Residents
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  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
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• Tough Situations, Tough Decisions
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• Filing an Insurance Claim
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• What to Do When the Deployment is Extended
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  Karen was enjoying retirement after 32 years of work as a registered nurse. Her Social Security and savings provided a modest, but adequate, income and she was grateful for a generous retiree benefits package from her former employer which included a pension and health insurance.. ment after 32 years of wo
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• Is That Balance Transfer Worth It?
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• Shopping for a Mortgage
  As the song goes, "My Momma told me, you better shop around." When it comes to buying a home, shopping around means not only finding the right home, but also finding the right mortgage.. As the song goes, "My Momma told me, you better shop around. When it comes to buying a home, shoppin
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  Most often deployment information and support is directed to the servicemember’s spouse. But what about the single servicemember?  What happens when he/she is deployed?  After being out of the family home and living on his or her own, suddenly he or she needs family members to help with the paperwork
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  What words come to mind when you think about finding a new home? Exciting? Scary? Overwhelming? The truth is that finding a new home can be all of those things. The way you feel about finding a new home can depend on why you're moving and how much time you have to find a home.. What words come to mind w
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  One of the first impulses most people have when thinking about buying a home is finding a Realtor® But who exactly is a Realtor? And is a Realtor (capital R) the same as an agent? And what about a broker? Who exactly can help me? Real estate professionals can be very helpful in the home buying proce
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  What do you do when you parents’ retirement plans change? When their finances, benefits and insurance no longer enable them to maintain the lifestyle they envisioned in their older years or to meet their current financial and personal needs? . arents’ retirement plans change? When their finances, benefits and insuranc
• Moving Day
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