How Late Payments Affect Your Credit Score

How Late Payments Affect Credit Scores

Photo: TheTruthAbout Late payments may be the bane of your credit score perfection, or they may just be part of your overall credit mediocrity. How late your payments are, how perfect your score is otherwise, and a host of other factors all play into how much a late payment (or multiple late payments) will affect […]

Published or Updated: April 3, 2014

Important Facts about Mortgage Debt Forgiveness

Mortgage Debt and Taxes

Photo: 401(K) 2013 If you’ve been through hell and back with your mortgage, having part of that mortgage forgiven by your lender may seem like a blessing. Until tax time, that is. Before the housing market bottomed out and mortgage debt was being forgiven left and right, tax time could be a huge problem for […]

Published or Updated: July 3, 2013

How to Get Health Insurance if You’re Self-Employed

Shopping for health insurance if you’re self-employed is a lot like purchasing other types of insurance. There are many terms to understand, coverage types to compare, and options for where to buy a policy. But buying health insurance feels different than searching for auto insurance — after all, both your health and financial well-being depend […]

Published or Updated: April 3, 2014

How I Clobbered the Market in 2012

About three years ago I did the unthinkable–I started investing in individual stocks. As a long-term, buy and hold, index fund investor, dipping my toe in the deep end of the pool was unnerving. But there I was, buying shares of Citi in my SEP IRA that I have with Scottrade. There were two reasons […]

Published or Updated: April 3, 2014

The Future of Mobile Banking

future mobile banking

Mobile banking apps make banking and managing finances more convenient and less time consuming. They also reduce the need for working with loads upon loads of paper, like all those forms you need to fill out in brick-and-mortar banks. The most common activities performed by mobile banking app users include scanning and depositing checks, monitoring […]

Published or Updated: March 24, 2014

Capital One 360 Review

Capital One 360 Mobile

As you may have heard, Capital One recently purchased ING Direct. Now called Capital One 360, it’s an online bank that offers everything from checking accounts to savings accounts to bank accounts for children. My wife and I have had a savings account at ING direct for a number of years. We’ve also opened up […]

Published or Updated: March 12, 2013

The Truth About Reverse Mortgages

Photo: mnadi

Reverse mortgages are a mixed blessing. On the one hand seniors can get access to the equity in their home without selling or taking on additional debt. On the other hand, these financial products are difficult to understand and often come loaded with fees. So I was glad to host a guest post from the […]

Published or Updated: March 10, 2013

The Best Calendar-Based Personal Finance Apps

Sometimes managing your finances is harder than earning the money in the first place. Thanks to our modern technology, though, there are now a lot of interesting and creative ways for you to keep track of your spending. For example, you can use a smartphone to track everything from your investments to you daily spending. […]

Published or Updated: March 10, 2013

Why You Should Save Money

Saving Money

Photo: Tax Credits I charge both of my children rent to live in our home. Even our daughter, who’s a senior in high school, pays rent. But it’s probably not what you think. I “charge” them rent by requiring them to save 50% of the gross income they make from their jobs. It’s still their […]

Published or Updated: March 7, 2013