We cover the basics and more about personal finance, answering frequently asked questions about credit and debt, identity theft, saving for college, retirement, estate planning, insurance, taxes, job hunting, and raising money-savvy kids. Check out the articles, columns, blog posts, radio shows and videos for tons of personal finance advice.
Revocable Trust Administrator Duties
If you're thinking of setting up a revocable trust for a parent or have been asked to be an administrator of one, you will need to make sure you retitle assets that are placed in the trust. Assets include primary residences, vacation properties or even stocks and bonds. Trusts are often used in estate planning.
With Love Comes A Talk About Money
A woman with a low credit score has a boyfriend with a much better financial past. Those in serious relationships shouldn't shy away from having conversations about money. Addressing money issues upfront will lead to a healthy financial future.
Organizing Your Personal Finance Life
If you're going to buy a house or refinance your existing loan this year, you should take the time to organize your finances now. Gathering your paperwork together will make it easy to apply for a loan later. Keeping your insurance policies, checking and savings accounts, retirement accounts, investments, tax returns and trust information organized will pay off when you really need the information.
Student Loan Interest Rates May Rise
Making student loans payments can be a challenge for new graduates. For those who are about to enter the workforce, paying back student loans could get more expensive as interest rates are about to rise. Students could consolidate now to lock in the current rates, but they would lose the grace period. Also, by paying on time or electronically, some lenders will lower the interest rate.
Ilyce Glink on WSB Radio – June 5, 2005
Ilyce bases this show on a New York Times article which discusses the difference between the rich and the "hyper-richer." Also, Ilyce asks how far listeners would walk to save money and describes the theories of loss aversion and mental accounting. As always, Ilyce takes listeners' calls on a variety of topics, including teens and money, and a couple's differing value of money.
Mixing Rental And Personal Income
Is there a problem when co-mingling personal and investment finances? Unless you have a corporation or business structure set up, having one bank account for personal expenses and a business, like a rental building, is OK. However, you want to make sure you keep very clear records in case you're audited.
Budget and Save Money to Become Debt Free
If you're drowning in a pool of debt, it may be time to budget and save money. But some money coaches say it's more than budgeting, saving money to become debt free is all about a life-style change. The way to financial freedom includes finding out what you're spending on, deciding which items are most important, building a budget and saving money on things that you can do without. This will help you become debt free and allow you to save money for retirement.
Netspend Stored Value Cards
The Netspend card is a stored value card. It looks like a credit card, but acts like a debit card. However, instead of being tied to a checking account, you have to load up the card with cash before you use it. Here are a few of the new Netspend features.
Ilyce Glink on WSB Radio – May 22, 2005
On this show Ilyce spends time discussing her new book, the third edition of her best seller 100 Questions Every First Time Homebuyer Should Ask. Also, Ilyce talks about a Chicago church that uses faith to heal financial wounds. Calls this show include questions on lease options and capital gain.