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Father’s Day will be here soon. Have you picked up anything for Dad yet? You probably will, if statistics count for anything. In 2017, spending on Father’s Day will account for an estimated $15.5 billion in sales, according to the National Retail Federation (NRF). That’s a pretty impressive number – not in the league with
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America has reached a new economic milestone – or maybe a millstone – of $1.52 trillion. Which of the following does this number represent? 1. The latest contract for a professional athlete 2. Your current credit card balance 3. America’s collective student loan debt While the first choice sounds strangely plausible, and some
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Getting a personal loan online has grown into a multi-billion-dollar industry, with lenders ranging from individuals in peer-to-peer programs to big banks. Although countless Americans have been helped by the ability to borrow money without leaving home, others have hurt themselves by being ill prepared for the process. “Because the loans are being evaluated remotely,
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Congratulations! You made it through college armed with a degree, and hopefully a job. Now it’s time to move on to the next stage of your education: life. The tests are all open book, the deadlines are varied, and some lessons are much harder and carry higher stakes than others do. Worst of all –
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It takes solid planning and fiscal discipline during your working years to enjoy a financially comfortable retirement. But how can you properly plan if you don’t really understand how to manage your money to maximize retirement benefits? Even if you pay a financial advisor to assist, in the end, the decisions are still yours to
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Buying a home will probably be the most expensive item you ever purchase… until you buy the next one! MoneyTips is happy to help you get free mortgage and refinance quotes from top lenders. Finding the right home at the right price is always a challenge. Discover how other American homebuyers searched for – and
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Where did you learn how to handle credit cards? According to a new survey conducted by the website CreditCardsExplained.com, there’s almost a 50% chance that you’re self-taught. The survey of 2,500 respondents showed that 45% of consumers never had a proper education on credit cards. Of those who received their credit card education in school,
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You’ve made some life decisions that you’ve regretted, and some of those decisions surely involve money. What sort of money mistakes have you made? Don’t be shy about admitting your financial mistakes. According to the latest version of Finder.com’s annual America’s Biggest Money Mistakes survey, you have 192 million fellow Americans to keep you company.
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How do you plan to fund your children’s education? According to the 2017 Report from Sallie Mae, How America Pays for College, you are probably counting on scholarships and grants. Sallie Mae finds that reliance on scholarships/grants is the highest in a decade, while college savings is on the decline. Savings covers less than one-quarter
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How’s your retirement plan holding up? If you are a woman, you’re probably having more difficulty with retirement plans than your male counterparts. Despite advances, women still face lower average salaries – 82% of the average man’s salary, according to the Pew Research Center. Fewer working years on average, often due to time off for
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Welcome to the 2018 home-buying market. Rising demand and an extremely tight supply of homes, especially in the critical starter-home market, make it difficult to realize your goal of home ownership. In this buyer’s market, you’ll need two important things to land your dream home – more money and a higher credit score. Data from
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We know the stereotype of the unmotivated millennial, living at home with their parents without any long-term plan or concern about their situation. Is that a fair representation? Do millennials disproportionately live with their parents? If so, is this from necessity, lack of motivation, or part of a grander strategy? It’s logical that younger generations
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Are you satisfied with your credit cards? If so, are you convinced that your current card best fits your needs – or have you never considered other options? Whatever the reason, many Americans tend to stay with their existing card. A recent survey from CreditCards.com found that 28% of Americans, about 49 million, have always
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President Trump promised changes in Washington upon his election. Whether you are a Trump fan or foe, there’s no question he’s succeeded in that goal. Sometimes the change is precipitated by the President’s choice to lead an agency, as in the case of the Consumer Financial Protection Bureau (CFPB). The CFPB was born out of
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Which is the worst first-date mistake – talking about an ex, eating food off your date’s plate, or mentioning that you are heavily in debt? We have no idea, but we’re guessing that a second date is unlikely in all those cases. A new survey from Finder.com suggests that in the case of excessive debt,
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How bad is America’s student loan situation? According to recent data from the New York Federal Reserve, our $1.38 trillion in outstanding student loan debt is second only to mortgage debt but comes with a higher delinquency rate. As of the end of 2017, approximately 1.3% of mortgage balances were delinquent by ninety or more
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It’s time to honor that special woman in your life. Mother’s Day is approaching, and whether you are buying for your mother, your wife, or both, consider some inexpensive alternatives or ways to save money on classic Mother’s Day gifts. Flowers – Flowers are a popular Mother’s Day present, but you don’t necessarily have to
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Who would turn down free money? According to the Motley Fool, approximately 20% of workers with matching 401(k) retirement plans are effectively dismissing free money by making a significant mistake with their contributions. Approximately three-quarters of companies with 401(k) plans offer a matching program where the employer contributes an equal amount to the employee’s contribution
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Home ownership is a fulfilling but difficult goal. The challenges of being single can make it even more difficult to find an affordable home to buy – especially for single women. According to data provided by Zillow, the typical single American requires almost eleven years to save up a suitable down payment for a home
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