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.
Good Advice about Money and Life
Looking for some good advice about money? Try focusing on leading a simple life and staying debt free. Keeping life simple and avoiding debt allows you to spend less mental energy and financial resources on material possessions. In the end, you'll have more than you need, which is a great way to live.
Don’t Miss Ilyce Glink At Money Matters Class
Newstalk 750 WSB presents a special ""Money Matters"" Class featuring WSB Talk Show Hosts Mike Kavanaugh and Ilyce Glink. The next Money Matters Class will feature Mike Kavanagh and Ilyce Glink Saturday August 21 from 10am to 12 noon at the auditorium of Children's Healthcare of Atlanta in Dekalb County.
Mom’s Unpaid Bills
A mother and child co-own a home, though the child is the only one on the mortgage, and the mother has many unpaid bills and debt problems. The mother's creditors may pursue the home to make up for the mother's debt if they were to sell it. A quit claim deed may be the answer to ensuring the home doesn't get caught up in the mother's debts.
Paying Bills While On Vacation
Looking forward to a good vacation is one of the great pleasures of life but unfortunately you still need to pay your bills while you are gone. That’s easier than you might think. Manage your personal finances away from home with online banking and automatic bill pay. Simply keep track of when your payments are due and set up the automatic payments ahead of time.
Don’t Tell Real Estate Agent About Finances
When you're buying a home and working with a real estate agent you shouldn't share your personal finance information. In addition, if you're working with a real estate agent who represents the sellers, and you talk about how much you'd be willing to pay for the property the agent may be obligated to share that information with the sellers. It's enough to give your real estate agent a price range.
Saving With Multiple IRA Accounts
You are allowed to save for retirement with multiple kinds of retirement accounts. You can have your 401(k) and you can also open up a Roth IRA. It is also possible to have more than one of the same types of IRA account but in different investment firms. Keep your retirement accounts and don't dip into them for other things like a down payment on a home.
Fixed Or Adjustable Rate Mortgage: Choosing The Best Mortgage For You
Fixed rate mortgage or adjustable rate mortgage (ARM) - choosing the best mortgage for you depends on your current situation. Ilyce advises a reader about whether a fixed or adjustable rate mortgage would be the best choice for his particular situation. Adjustable rate mortgages allow you to refinance, and save money as a opposed to a fixed-rate 30 year mortgage.
Student Loans And Credit Card Debt: Reduce It And Start Saving
Finding a way to reduce student loans and credit card debt while still saving money can be like walking a tightrope. Sometimes in order to save money and reduce student loans and credit card debt, you may have to take on a part-time job to generate extra income. Don't do just one or the other; instead try to reduce student loans and credit card debt each month, while also putting some money away in savings.
Retirement With No Savings
What happens if you are ready for retirement and you have no savings account? It means you may have to work longer than you hoped to and push off retirement a bit. Pay off your credit card debt, stash away as much cash as possible, and try to rebuild your savings.