The type of debt you and your spouse have will determine your options for deciding who will pay it off and how. There are two types of credit accounts: individual and joint. When you and your spouse applied for credit, …
Get Your Credit Report
Why Do I Need to Check my Credit Report? It is important to check your credit reports regularly to make sure the information on the reports is correct, as well as to check for potential fraud or identity theft. All …
Credit and Your Credit Report: What You Need to Know
What You Need to Know What is credit? Credit is money you borrow and repay at a later time. Often, there is a charge for borrowing the money, especially if not paid back according to the terms of the agreement. …
Figuring Out Your Net Worth
To figure your net worth, first add up the value of all your assets. Next add the value of all your liabilities. Finally, subtract the total value of your liabilities from the total value of your assets. ASSETS: Bank Accounts …
5 Money Traps that Keep you Broke
Check cashing and money order fees add up If you pay $2 to cash your weekly paycheck, by the end of the year it will cost you $104. If you buy 4 money orders a month, it will cost you …
Credit Card Basics Worksheet
More than two-thirds of people who have credit cards do not pay them off each month. This Credit Card Basics Worksheet will help you sort out what you owe and what company you owe it to, so that you can …
Did You Hear about the Saver’s Credit? (Infographic)
Did You Hear About The Saver’s Credit? It’s A Savings Bonus That Helps You Save for Retirement! Millions of working Americans are missing out on a valuable tax credit – The IRS’ Retirement Savings Contribution Credit or Saver’s Credit. C …
5 Money Mistakes Women in Couples Should Avoid
Here are some common mistakes that a lot of women make and that you can learn to avoid. 1. Not getting involved in managing the family’s finances. Many women manage the daily finances or make sure the bills are paid …
Know Before You Owe: Important Information about Student Loans
When deciding which college to attend, cost will undoubtedly be a big factor. Taking on any kind of debt—including student loan debt—has a lasting impact on your life and may hold you back from future financial stability. In contrast, an …
Saving for College with Education Savings Accounts and 529 College Savings Plans
In 2002, Congress recognized the growing challenge of paying for college by establishing Coverdell Education Savings Accounts (ESAs). ESAs replaced the underpowered, Education IRA. Parents, grandparents or friends can contribute a total of $2,000 a year for each child’s ESA …