Other posts in the Financial Guidance Category

Money Don’ts

Sometimes the difference between being eternally broke and financially comfortable is just a few simple things you shouldn’t do. Avoid these basic money mistakes: Not tracking your spending – Pay attention to where your money goes. Your credit card statement will help you do this, but don’t forget all the incidentals you pay cash for.

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Building a Rainy-day Fund

Financial prudence dictates that we stash away enough cash to cover living expenses for three to six months in case something catastrophic comes our way—a job loss, an unexpected illness or an unpredicted home expense. Some items that also should be covered in such a fund include health and car insurance deductibles, rent or mortgage,

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Going Away? Tips to Not Go Broke

With summer vacation just around the corner just keep in mind – you don’t have to spend a lot of money to have a good time. Here are tips for keeping costs down on vacation: Fly during the week. Airline rates are generally more expensive over the weekend, so plan your trip from Wednesday to

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Think Cash First

It seems like it’s become a national craze – using your credit card for everything—even routine or daily purchases. While it’s a bad habit that will be hard to break, it’s better to start sooner rather than later. To break that habit, here’s a simple idea to help get a handle on the situation: Pay

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Know Your Obligations when Cosigning a Loan

Often, parents cosign for their sons or daughters who have adequate income but a lack of credit or employment history. By cosigning, parents help their offspring get the loan and establish credit in their own names. But many borrowers, be they the cosigner or the primary borrower (also known as the maker), don’t recognize the

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Lions, Tigers, Bears, and Lenders?

Let’s play a game. I’ll give you a word and you tell me what comes to mind. Ready? “Predator.” Did you think of a prehistoric animal with claws and stabbing teeth? Or, a stealthy cheetah prowling for gazelle in the grassy plains of the Serengeti? Perhaps a portly Siamese cat stalking a house sparrow? How

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How to Budget

You can make your own budget worksheet using either a pen and paper or a computer spreadsheet program. Think of your budget in terms of two things: money and time. Money, of course, is divided into its own two categories: Income and Expenses. Follow these steps to make your budget worksheet: List your income in

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Map Out Your Finances

The details of our financial lives can be tricky, and without a clear road map it’s easy to feel lost. Changes in tax laws and the family structure offer potential complications in how we handle our money, so heed these tips as you make financial plans for the future. Invest. If you have extra money

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Tax Tips for Recently Married Tax Payers

If you’ve recently updated your status from single to married, you’re not alone; late spring and summertime is a popular period for weddings. Marriage also brings about some changes with your taxes. Here are several tips for newlyweds from the IRS. Notify the Social Security Administration It’s important that your name and Social Security number match on

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