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Personal Finance

TIps and advice on personal finance by Adam K Levin.

  • Shocked couple paying bills

    How to Keep Your Baby From Ruining Your CreditFinancial Literacy, Personal Finance


    They look so innocent (and they are) when they’re sleeping. But if you’re a new parent, you’d probably see that you look exhausted (if you actually had the time and energy to check a mirror). You’re totally absorbed in trying to take care of this tiny person, and you’re far too tired to do your best thinking. Which is why a little one can make a big mess of your credit. Sleep deprivation (yours and theirs) […]

  • Could I Inherit My Loved One’s Debt?Personal Finance


    Losing a loved one is never easy, and it’s only made harder when you’re left wondering how to deal with the debt they left behind. Studies show that more people are entering retirement with debt, increasing the likelihood that they’ll be leaving some of it behind when they pass away. But will you, as their spouse or next-of-kin, be held responsible for their debt? Well…it depends. What Happens to Debt After Death When your loved one […]

  • Student loan

    Families Spent $3K More on College This Yearstudent loans, Personal Finance


    For the past four academic years, families tried to reduce the amount of money they paid for college, even as tuition prices steadily grew. For the first time since the 2009-2010 school year, families of undergraduate students spent more than $24,000 on average for a year of college, according to the “How America Pays for College” report from education finance company Sallie Mae. The $24,164 spent by an average family for the 2014-2015 term was […]

  • Credit Card

    5 Common Credit Score KillersFinancial Literacy, Personal Finance


    Having a good credit score can help you save a lot of money over your lifetime, but many people find themselves with scores lower than they’d like because they don’t know how much everyday things can hurt their scores. Of course, once you know what those things are, you’re better equipped to improve your credit. Here are five common things that can hurt your credit: 1. High Credit Card Balances One of the most influential factors […]

  • 3 Money Mistakes Newlyweds MakeFinancial Literacy, Personal Finance


    Being a newlywed is awesome. I reflect on that season of my life as one filled with joy and anticipation. Sure, that first year of marriage was full of challenges, enormous adjustments and unexpected changes, but on the whole it was great. We found such relief in finally being marriedand out of engagement. Engagement is a funny time. You often take on new priorities and responsibilities you’ve never had before (like part-time event planner) and […]

  • Are Student Loans Causing College Tuitions to Skyrocket?Personal Finance


    Do student loans help students or colleges? A new paper published by the New York Federal Reserve makes a clear, and depressing assertion: Federal student loans and grants are often simply gobbled up by schools through tuition inflation, leaving the students no better off. More dollars chasing the fewer goods cause prices to rise. That’s both a standard economics principle and an often obvious, but punishing reality. During the housing bubble years, the more banks […]

  • 5 Reasons You Shouldn’t Hide From Your DebtFinancial Literacy, Personal Finance


    Debt may have become so ingrained in your life that it seems natural. Maybe your plans to pay off debt have failed and you’ve even begun to ignore it. Maybe it’s because your debt is so long term (like a 30-year mortgage), it feels like you will never be without it. It’s important, though, to stay motivated to push forward in the repayment process. This is true not only because you have a moral and […]

  • The Millennial Mindset That’s Setting Them Up for Financial SuccessColumn, credit, Blog, Personal Finance


    Millennials are big on communication and DIY projects. While some say they are self-centered, or even self-obsessed, others point to their tendency for group-think and communitarian leanings. They believe more in the power of their network of friends than in institutions. One thing is for sure: Millennials are heavily invested in controlling the narrative of their lives — both globally and digitally. While such a tack can be instantly gratifying on social networking sites, it […]

  • Can Search Engines Stop Student Loan Scammers?Consumer Protection, Personal Finance


    If you’ve checked your spam folder recently, you know that offers of student loan debt relief have exploded right along with the student loan debt problem. You probably know it’s a bad idea to answer spam in a quest to lower your loan payments, but you might be more inclined to answer an advertisement you see on a major search engine like Google, Yahoo or Bing. If you do, you’ll likely get a bad deal, […]

  • The State Compendium of Unclaimed Property PracticesFinancial Literacy, Personal Finance


    You may already know that every state has an unclaimed funds website that aims to reunite unclaimed property with the rightful owners. However, in the endeavor to provide consumers with as much information as possible, that information is also often easily viewable by potential identity thieves. The State Compendium of Unclaimed Property Practices ranks every state (and D.C.) according to how much specific information about a person is provided online without user verification. The standard […]