Guest post by Jonny Pean
So you are an acclaimed spendthrift and saving is just not in your genes. A shopkeeper’s favorite customer, your savings account is always in a dry spell and sales exhaust your paycheck. If you feel that you possess any of the described symptoms, then I must congratulate you; after all, you have the potential of becoming the next financial disaster. Here in this article we have discussed five ways which will surely turn you bankrupt:
With wedding season around the corner, many couples will soon take a financial “plunge” together. But before signing a lease, mortgage or marriage license, stop to think about how well you know your significant other, financially. For example, is he/she in debt? How about long-term financial goals?
FICO, the leading credit score provider, shares these tips to help couples get ready for the big day:
1) Be honest, discuss finances with your partner – People tend to steer clear from discussing finances – but your partner’s financial burdens will affect your credit if you help out with their debts and obligations. After you marry, you may keep some assets to yourself; however, everything you acquire together will be merged.
2) Good debt vs. Bad debt – For certain things, going into debt is worth it. Discuss what you’re willing to sacrifice with your partner early and set financial goals to fund each of these decisions. For example: Are you willing to put your kids through private school, even if you have to take out a loan to do it? How important is getting a new car, when finances are tight? Set a budget and identify common goals that work for you both before you accrue any debt.
3) Bills, bills, bills – Before the wedding, map out a plan and decide who will pay for what or if you plan to share these responsibilities. People with a long history of paying their bills on time are expected by lenders to continue their good payment pattern, and will be more willing to obtain credit in the future. Late payments are one of the most common ways in which your score will be affected negatively.
4) Don’t run up debt when planning the big day – Buying lavish seat covers and trucks full of flowers is easy, but paying them off years later is no honeymoon. Spend within your means; if you have a lot of debt, adding more debt or maxing out your credit cards will hurt your FICO score, making it harder to get a loan on big ticket items later (a home or a car, for example).
5) Apartment, condo or house? Discuss home buying before marriage; timeline, size, price point, and financing should be agreed upon BEFORE visiting any open house. This talk may also spark conversation of each of your financial standings and credit scores.
The recent health care reform law has had many myths, lies, and misleading characterizations floated. I've seen emails, websites, and newspaper articles filled with inaccuracies. Here's a piece that dispels many of the myths about health care reform.
Health care costs are a large component of each of our yearly expenditures. It's important to know how this new law might affect you.
We’ve seldom seen a piece of legislation so widely misrepresented, and misunderstood, as the new health care law. We stopped counting the number of articles and items we turned out on the subject after the total reached 100.
Read the entire post for a great detailed breakdown that dispels many myths about the health care reform bill signed into law by President Obama.
Guest Post by Christian Gordun
The holiday hangover is not over yet – most of us still have a stack of holiday shopping bills piled up on our coffee tables or desks to deal with. In a recent post, we addressed one way people can rebound from the holidays and start anew this year, but just like any hangover, the ultimate cure involves more than just one simple trick.
Let’s take a look at some reasons why shoppers often end up with a massive debt headache and arm you with some simple but effective money-saving tips that will help you stick to your budget and avoid the infamous holiday shopping hangover.
During the holiday season, shoppers are often rushed to check off all the items on their list and will forgo some of the easiest ways to save money such as checking out competitive prices or using coupons. As they get caught up in the holiday buying frenzy, many are forced to make impulsive purchases while last-minute shopping at stores, instead of researching different options online. The holiday rush causes consumers to forget how much they are spending and rack up massive credit card debt, which has shoppers making New Year’s spending resolutions they know they’ll never keep.
Instead of making all those impossible resolutions, we’re going to let you all in on a little secret that will leave you debt-free after every holiday shopping season: you never have to pay full price for anything again! As a result of the recession, more retailers than ever are giving you the chance to save money via online coupon codes and deals. It’s simple, just follow these rules:
Coupon Craze is an online coupon code and deal site that will help you follow these coupon commandments. Like we said last time, if you’re hungover, you take aspirin, have a greasy breakfast, get hydrated and sometimes swear that you’ll never do that again! Treat a financial hangover the same way. Create a budget and then stick to it by using online coupons.
Are you ready to make online coupons a part of your shopping routine? Let us know!
Christian Gordun is the founder and CEO of Coupon Craze, a free consumer resource with online coupon codes and deals from over 10,000 retailers. He founded the company in 2000 as a hobby, and prior to taking it on fulltime, spent five years as a senior programmer and technical project manager. He received his master’s degree from London Business School in 2008.
It's interesting to note that most ID theft does not occur online; rather, it's in the physical world. Things like discarded mail, stealing your credit card info, and stealing your wallet. Sad but true.
If you're really concerned about online ID theft, get a really good security program like Trend Micro Internet Security Pro and a password manager like LastPass or RoboForm. Anonymizer is a good program for covering your online tracks.
For the most comprehensive ID theft prevention available, check out LifeLock.