The True Cost of Paying Just the Minimum Payment
April 29, 2007
Bankrate.com has a new calculator that shows the true cost of paying the minimum payment on your credit cards.
Check it out here.
Tags: credit card, minimum payment
Smart ways to spend your tax refund
April 28, 2007
Did you get a big tax refund this year? How did you spend it - vacation, clothes, pay down debt?
The average income tax refund is over $2,000. That’s a lot of money, so you want to make sure you put it to good use. Here are five smart ways to spend your tax refund this year:
- Fund your IRA or Roth IRA for 2007. The maximum contribution is $4,000 ($5,000 if you’re over 50).
- Put some money in your childrens’ college fund - you have several options including 529 plans, Coverdell savings accounts, UTMAs and more.
Best Deals on Student Loans
April 27, 2007
I’ve gotten a lot of questions about the FAFSA form lately, as well as the best student loans to get.
Kiplinger.com has a great article on student loans right now. Some tips shared include:
- Determine which type of school your family can afford
- Set a realistic limit on how much debt you can afford
- Stick with the Federal loan programs - Perkins, Stafford and PLUS loans
- After you’ve exhausted your options in Federal loans, get a list of lenders from the school, or from FinAid (www.finaid.com)
Small Ways to Save Big
April 2, 2007
Jessica Anderson of Kiplinger.com wrote a great article on 20 Small Ways to Save Big…
You’ve heard of the savings crisis in America. You’ve probably even thought, ‘yeah, I should probably save more.’ But eking out an existence is tough on a starting salary and sometimes comfort takes precedence over cutting corners. Besides, if you can only save $50 or $100 a month, is it really worth it? The answer: absolutely."





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