How to Establish Credit After Bankruptcy

The most detrimental thing you can do to your credit is file for bankruptcy.  In fact, your credit report will reflect the bankruptcy for at least for the next 7-10 years.  Often times, however, bankruptcy is the only option you have to square your finances, so ironically, you’re hurting your credit, to save it later. […]

Early Withdrawal Fees on CDs May Surprise You

With interest rates on savings accounts at historic lows, certificates of deposit (CDs) are on the minds of many. The longer the term, the higher the rate of return. That also means the longer it’s locked up; out of reach for emergencies and/or unexpected life changes. Herein likes the rub with CD’s. You can, of […]

Lending Club Investment Strategy (Update)

You may recall that back in March I wrote about how my returns with Lending Club were below average. I had devised a strategy to improve my Lending Club rate of return that involved buying notes on the secondary market at a discount. I thought it was time for a performance update and to share […]

Should You Pay Off Your Mortgage Early?

Having recently paid off all of our non-mortgage debt, we now confront another financial decision–should we begin to pay off our mortgage early? Admittedly this is a good problem to have. But it does raise an important financial decision. We want to use our money in a way that produces the highest return with the […]

ING Direct Savings Accounts for Kids Launched

Update: ING Direct is now Capital One 360. The good news is that they still have this great savings account option for children. Check out details here. Teaching children about money can be done in a variety of ways.  Some parents like the idea of an allowance, where kids can earn money every week by […]

Avoid Paying Unnecessary Car Insurance

I’ve been trying for years to reduce my car insurance bill. But for some reason, no matter how good of a driver I am and how much older I get, it doesn’t happen.  I drive my car less than almost any other American, and I still pay over $100 a month just for liability coverage.  […]