take out a loan

When Should You Take Out a Loan to Pay Down Other Debts?

It’s practically a commandment of sound financial management that you should never throw good money after bad. And that means never taking out a loan to pay down debts, because in so doing you just create a cycle of more debt, more stress, and less control over your own finances. Like all rules, though, this […]

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10 Principles of Psychology You Can Use to Improve Your Trading

Trading carries a much higher risk than other commonly used investing strategies, such as long-term investments in bonds, ETFs, mutual funds, or stocks. If you have a low risk tolerance or are trading with funds you can’t afford to lose, you shouldn’t be trading. There is no one strategy that will ensure success in every […]

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every penny counts

When Every Penny Counts: Expecting the Unexpected When Cash is Low

When it comes to managing our personal finances, we are all different and while some of us seem to be able to take a potential financial crisis in stride and remain calm while we find a solution, others can get stressed by their lack of preparation for such an event. Whatever your normal reaction to […]

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Investing Basics: 7 Common Types of Mutual Funds

  Mutual funds are one of the most popular investments not only because of the diversification they provide, but also because of the many types available and the fact that they are managed by professional portfolio managers. Here is a brief description of the seven most common types of mutual funds: Money Market Funds One […]

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punch debt

11 Things You Can Do to Punch Debt in the Face

 Do you find yourself living from paycheck to paycheck and unable to save for the future? The average American household has a little over $137,ooo in debt so you certainly are not alone in the fight against debt. Here are 11 things you can do to punch debt in the face and win. Let Go of Expensive Habits […]

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finding an apartment in NYC

Finding an Apartment in NYC for Beginners

 So you want to find an apartment in New York City ? To say it can be challenging is an understatement however, by doing your homework and following these tips, you can be sure to have a successful apartment hunting trip.   Have a List of Questions for Your Leasing Agent Stopping by an apartment complex […]

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When is it OK to Blow the Budget?

Blowing the budget?  I knew right away that this was going to be a controversial topic but felt it was an important enough issue for a lot of people so I felt compelled to write about it.   When is it OK to blow the budget?   Ultimately that is for you to decide but I say […]

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life insurance

Term Life Is the Most Affordable Type of Life Insurance

  When buying life insurance there are two points that customers focus on: best coverage and affordability. Unfortunately, many people have misconceptions about the affordability part. A study done by the Insurance Barometer in 2015 found that “80 percent of consumers misjudge the price for term life insurance, with Millennials overestimating the cost by 213%, […]

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vehicle properly covered

Is Your Vehicle Properly Covered to Meet Your State’s Guidelines?

  Nearly every state requires that you have some form of auto insurance coverage. Driving without insurance is illegal in most states and will result in heavy fines and penalties if you’re caught. In addition, to register a car you will need to provide proof of insurance.   Minimum car insurance – is it enough? […]

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buying used

Buying a Used Car is Better Than Buying New, Right?

Most cars lose about 50% of their value by the time they are 4 years old. That fact alone might be enough to convince you to buy used for the rest of your life. But there are still some advantages to buying new, not the least of which is the privilege of getting to drive […]

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party on a budget

How To Throw A Fun Party On A Budget

There are many people who would love to throw a fun party at their homes with their friends and family, but don’t because of the high perceived cost of doing so. While it is true that some parties can be expensive, it’s also true that you can throw a DIY party that is equally as […]

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simple living

Simple Living: A Life With Less Stuff

Human beings can be a lot like magpies. You see something shiny and you want to buy it. Buying new, shiny things gives a buzz of excitement, an immediate gratification. But the thrill is short lived. Soon your proud new purchase becomes just another barely-used item taking up space in your house. In today’s demanding, […]

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super successful

4 Financial Secrets of the Super Successful

Would you like to be more successful? Is one of the reasons because you’d like to have a lot more money in the bank? If so, you might be surprised to learn about the four traits all super-successful people have in common. The 4 Biggest Secrets of Super Successful People Until you know the following […]

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financial test-run

Taking Your Retirement for a Financial Test-Run

When it comes to planning and saving for your retirement, there’s loads of information already out there. This means it’s now easier than ever to put together a financial retirement strategy that’s well-informed and well-considered. Knowing exactly what will happen once retirement actually arrives, though, is trickier. Every experience is different, and you can’t be […]

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charitable contributions

Tax Deductions for Common Charitable Contributions

This article has been updated for the 2017 Tax Year   Donating your time or treasure to help support a worthy cause is an awesome way to give back to your community. You not only benefit the organization with your charitable donation, you are providing the support necessary for the organization to continue to help […]

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lower your credit score

Top 5 Factors That Will Lower Your Credit Score the Fastest

A good credit score can affect everything from the interest rate you pay on loans to whether you land that dream job.   On the other hand, there are lots of  things that can negatively affect your credit score and knowing what factors can impact it is important.  We’ve put together a list of the top […]

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tax identity theft

Tax Identity Theft Awareness- Staying Safe This Tax Season

Tax Identity Theft is when someone uses your social security number to file a tax return in your name. The thief simply makes up income and other data and submits a fraudulent tax form to the IRS in an attempt to obtain a tax refund. During just the first nine months of 2016 the IRS […]

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low credit score

Repair Your Low Credit Score by Focusing on Key FICO Score Components

This article is sponsored by Lexington Law Firm   Banks and financial institutions use credit scores to make determinations regarding a consumer’s credit risk. Employers, landlords, and insurance companies use credit scores in building a picture of how responsible you are. The higher the credit risk the higher the interest rate you will be charged. […]

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affordable car insurance

Questions to Ask When Shopping for Affordable Car Insurance

When you are trying to find ways to save money and live a more frugal lifestyle, one of the first places many people look is at car insurance. While almost all states make it a legal requirement to have insurance for your vehicles, state minimums are quite low. This allows you to find affordable insurance. […]

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