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Personal Finance


  • Mistake

    5 Credit Mistakes You’ll Regret Immediatelycredit, Personal Finance

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    We all make mistakes and have regrets — those extra pieces of pie over Thanksgiving come to mind! — however, some regrets last longer than others. Credit mistakes can make you regret the error of your ways for years to come. Avoid these common credit mistakes and you’ll have one less area of regret in your life. Plus, you can start 2016 with a fresh start for your finances. 1. Opening a New Account Before Closing on Your Mortgage One […]

  • Homeowners

    Freelancers: Here’s What You Need to Know About Buying a HomeFinancial Literacy, Personal Finance

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    One of the main things you need in order to qualify for a mortgage is an income to support the payments—you’ll need documents showing this income when you try to get pre-approved. But self-employed and freelance workers don’t always have that option. Without work stubs, what can they do? “In general, the qualifying criteria are the same for a self-employed borrower as it would be for a wage earner,” says Jesse Gonzalez, a mortgage broker with North Bay Capital in Santa Rosa, Calif. “The only real […]

  • Credit Cards

    The Hidden Bonus of Paying Off Credit Card DebtLifehacking, credit, Personal Finance

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    In theory, nobody wants to be in debt. But when credit card bills arrive, we don’t exactly rush to pay them. And when we do, we may not pay the full balance. Understandably, we don’t want to be separated from our money. We earned that money, it’s hard to see it come into your bank account and exit just as quickly. But racking up high balances on your credit cards, even if you continue to […]

  • Credit Cards

    Nearly Half of Americans Feel Obligated to Buy Holiday Gifts They Can’t AffordFinancial Literacy, Personal Finance

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    The majority of Americans who responded to a holiday shopping survey said the season is a strain on their finances, with 41% of shoppers saying they feel obligated to spend more than they can afford. The data comes from an Experian Consumer Services online survey of 1,035 adults living in the U.S., though it’s important to note that the survey is not nationally representative. Respondents said they plan to spend an average of $806 on […]

  • Debt

    There Are 6 Kinds of Borrowers: Which One Are You?Consumer Protection, credit, Personal Finance

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    Most Americans have only one kind of debt, if they have any at all, according to a new report from the Urban Institute. By analyzing five years of credit-report data of more than 5 million Americans, researchers identified many trends among U.S. debtors, including the most common kinds of borrowers. About 89% of consumers with credit reports fell into one of the following six categories. 1. No Debt This is the most common type of consumer. […]

  • Responsible financial decision

    The One Word That Can Improve Your Financial StandingFinancial Literacy, Retirement, Personal Finance

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    Many motivational speakers demand we say “yes” to life. Whether it involves going back to school, taking an educated risk or meeting new people, “yes” gets heavily promoted. But you know what? “Yes” doesn’t always work out so well. There are times when “no” is a more appropriate answer – especially when it comes to improving your financial standing. Today, I’d like to share with you some financial situations in which it’s good to say […]

  • The Invisible Victims of Identity Theft: Our KidsPersonal Finance, Identity Theft

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    Somewhere between 10 million and 16 million Americans get “got” by fraudsters working the seams of identity-related crime every year. The methods are many and various. There are, of course, the familiar scams and frauds, but one harder to detect area of exploitation is child identity theft. So why are children a target for identity thieves? It’s called “runway.” A child’s Social Security number is pristine. There is no reason for a minor to use […]

  • How to Master Your Credit Score without a Trial By FireColumn, Blog, Personal Finance

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    I was visiting a house of worship last Sunday – no, I didn’t have to wear a name tag – and while listening to Pastor Ryan (who coincidentally is also a lawyer) talk about the ways in which one can gain wisdom, the life lesson he discussed has applications far beyond the realm of morality or matters more spiritual. In particular, I was struck by a three-part prescription at the center of his sermon that […]

  • Nearly Half of Moms Go Into Debt Trying to Be the ‘Perfect Parent’Financial Literacy, Personal Finance

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    You’d be hard pressed to find parents who don’t want the best for their kids, and many of them are spending beyond their means to do it. Nearly half (46%) of moms surveyed for BabyCenter’s 2015 Cost of Raising a Child report said they’ve gone into debt to cover child-rearing expenses, and that’s not terribly surprising, given that the survey puts the average annual cost of raising a kid at $13,248 (per child). To go […]

  • The Medical Identity Theft Apocalypse? Fear the Walking FilesPersonal Finance

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    Criminal cyber attacks on healthcare information repositories have increased 125% since 2010. With the announcement of the Excellus breach last week, the total number of big-headline medical information compromises reported in 2015 (such as Anthem, Primera, Carefirst) had crossed the mind-blowing demarcation line of 100 million files. The Excellus breach exposed the names of clients as well as their dates of birth, Social Security numbers, mailing addresses, telephone numbers, member identification numbers, financial account information […]

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