News

- Mar 24, 2017

When it comes to buying a home, people have strong opinions: One camp says not prioritizing homeownership is "the single biggest mistake millennials are making," while the other says houses are "traps that prevent people from ever having enough."

Real estate mogul and host of CNBC's "The Deed" Sidney Torres offers young people a third way.

To view full article, visit http://finance.yahoo.com/news/real-estate-mogul-first-time-130155724.html.



- Mar 24, 2017

Congrats. You’ve just scored a great job! And you’re earning a steady paycheck—finally.

But…

It’s never too early to plan for your retirement.

Think of your retirement accounts as rewarding yourself for being patient. Persistence pays off! The earlier you invest the easier retirement will be.

To view full article, visit https://www.yahoo.com/finance/news/two-minute-money-401k-153522029.html.



- Mar 20, 2017

You want to eat better, but you’re worried about what it’ll do to your wallet.
So just how much does a healthy diet cost, anyway?
Good news: The answer may be “not that much.”

To read more, visit rodalesorganiclife.com/food/6-ways-to-eat-healthy-on-a-budget




- Mar 10, 2017

March is the perfect month to do some financial spring cleaning.

You're already going through your financial documents for tax reasons. So now is a good time to review your entire financial situation and make some smart decisions about what to do next.

Here's what you should have on your financial to-do list.

To view full article and videos visit, http://www.msn.com/en-us/money/personalfinance/your-march-financial-to-do-list/ar-AAnFCE3?ocid=iehp%20http://www.msn.com/en-us/money/personalfinance/33-savvy-tips-for-planning-a-wedding-on-a-budget/ss-AAnDGTM?ocid=iehp.



- Mar 08, 2017

Think achieving financial independence is just a pipe dream? It doesn't have to be as long as you have an action plan and some patience. The Mad Fientist offers some steps to help you achieve financial independence.

To view the video visit, http://a.msn.com/00/en-us/AAmAQp7?ocid=se.



- Mar 06, 2017

Social Security provides critical benefits to countless seniors and disabled Americans, but despite the program's long-term standing, there has been talk in recent years of it running out of money. In fact, in a 2016 Transamerica survey, 77% of workers said they're worried about Social Security going bankrupt by the time they're set to retire.

But while the program isn't going broke (or going away), it does have its share of money problems -- not the least of which is the $1 billion it just lost to incorrect payments. A recent audit of the Social Security Administration confirmed that over the past decade, the agency paid $1 billion in benefits to recipients without valid Social Security numbers. Specifically, over 22,000 individuals received money they shouldn't have from the agency. Ouch.

To view full article, visit https://www.fool.com/retirement/2017/02/25/heres-how-social-security-just-lost-1-billion.aspx




- Mar 01, 2017

My system is a seemingly well-oiled machine: At the end of the day, I cover my expenses and set aside enough to hit my savings goals. So I've never thought much about trimming my spending … until Cash Diet, that is.

Turns out going cash only makes a huge difference.

To view full article visit, http://finance.yahoo.com/news/did-cash-diet-8-weeks-183246506.html.



- Feb 24, 2017

Budgets may not be as mandatory as they sometimes seem.

To reach your savings goals, you don't necessarily have to create a highly-detailed budget that allocates money for categories like clothes, coffee and bars. In fact, as long as you establish how much you need to save each month for retirement and other major purchases, and you actually set that amount aside, you don't have to budget at all.

To view full article visit, https://www.yahoo.com/finance/news/experts-agree-dont-budget-long-192506443.html



- Feb 24, 2017

I've never been a big spender, mainly because I've never had a ton of extra cash. But I'm not really a saver either: By the end of each month, I don't have much left over, thanks to the times I eat meals out or make purchases I don't necessarily need, like skincare products or clothing.

My coworker Kathleen Elkins is an extreme saver who has been living in NYC on only $60 a week for the show "Cash Diet." I've been editing the show, and watching footage of Kathleen not spending has changed the way I think about my own relationship with money.

Thanks to her tips, I've changed my behavior and already saved about $400.

To view full article visit, https://www.yahoo.com/finance/news/coworker-taught-5-ways-better-190914880.html



- Feb 17, 2017

Money is not on the list of romantic topics. But it is the leading cause of stress in a relationship. So if you’re interested in lasting longer than the star cross’d pair, there are some basic money talks we recommend having with your partner as you move through different life stages together. These can be uncomfortable conversations, but being open and honest about money is a key to a happy successful partnership.

To view the full article, visit personalcapital.com.



- Feb 10, 2017

Financial blogger Matt and his fiancee managed to save more than $50,000 in 2016.

But the Chicago-based couple hasn't always been money savvy. Up until 2014, when they decided to get serious about their finances, they were buried in student loans and living paycheck to paycheck.

They upped their savings through various strategies , but if they were to pinpoint the most effective one, it would be to live big in a tiny home.

To view the full article, visit https://www.yahoo.com/news/m/82f10ed3-03ca-39a7-aa9b-8fc7480a7f37/ss_a-couple-that-banked-%2450%2C000.html 



- Feb 08, 2017

Whether you're focused on building wealth, planning for retirement or budgeting for the here and now, it's important to know your deal breakers when it comes to money challenges in your relationship. Ignoring small annoyances, such as a partner who has a penchant for impulse purchases, can fester beneath the surface and eventually cause quite a bit of tension.

But, is it a reason for breaking up with someone you love?

To view full article, visit http://www.msn.com/en-us/money/news/love-over-money-breakups-arent-due-to-money-problems-survey-finds/ar-AAmEO96?ocid=iehp



- Feb 06, 2017

Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done.

To view full article, visit kiplinger.com/slideshow/saving/T047-S001-10-reasons-you-will-never-be-a-millionaire/index.html



- Feb 01, 2017

"I tell my wife, as I shave in the morning, I say, 'Either $2.61, $2.95, or $3.17.' And she puts that amount in the little cup by me here [in the car]," he explains in HBO's documentary, "Becoming Warren Buffett," which debuted Monday.

To view full article, visit yahoo.com/news/m/708e4b8a-295e-3a3b-b87f-f5c24f787896/ss_warren-buffett-eats-the-same.html



- Jan 27, 2017

If you and your significant other argue about money, you're not alone. Roughly 31 percent of couples argue about finances at least once a month, whether it's about big purchases, spending habits or investment decisions, according to a 2016 study from Ameriprise Financial.

And your relationship isn't the only thing that suffers if you let money problems get the best of you. A 2015 cooperative study by North Carolina State University and College of Charleston reveals that couples who let money issues become all-consuming also suffer long-term financial difficulties. Clearly, it's important to talk about money, but many couples don't know where to start the conversation.

To view the full article visit, http://www.msn.com/en-us/money/personalfinance/how-to-talk-to-your-significant-other-about-money/ar-AAmduyl?ocid=iehp&page=8#page=1



- Jan 20, 2017

Before you enter into the world of joint credit, it pays to know a little more about what goes on behind the scenes, from how potential lenders view the debt to who is ultimately responsible for paying it -- and how it impacts your credit score. As with marriage, a lot depends on who you choose as a partner.

So before you fill out that next credit application, here are six things you should know about joint credit:

To view the full article visit, http://www.creditcards.com/credit-card-news/6-secrets-joint-credit-1267.php



- Jan 19, 2017

Whether it's paying a late fee or snagging a candy bar while waiting in the checkout line, it's all too easy to spend mindlessly and waste money. But that cash could be directed toward your savings goals or growing substantially in a retirement account .

"We all have room to set aside a little money for our future," certified financial planner Carrie Schwab-Pomerantz tells CNBC . "A good habit to develop in 2017 is to take on a more mindful approach to spending."

Step one is to identify where you're wasting money. Do any of these purchases sound familiar?

To view the full article visit, http://finance.yahoo.com/news/11-useless-things-stop-wasting-204515196.html?.tsrc=fauxdal



- Jan 03, 2017

This is the time of year when people make resolutions for things they want to do in 2017. Typically it involves a new gym membership, but let’s be real: we’re not going to the gym 4 days a week. Instead, here at Yahoo Finance we want to urge you to focus on something more important — your money!

To view the full article visit, http://finance.yahoo.com/news/5-new-years-financial-resolutions-for-people-under-30-200657242.html.



- Jan 03, 2017

Earning a college degree or credential is one of the best investments students can make for themselves and their families. Each year, millions of students enter college, and many of those students receive Federal Pell Grants, Direct Loans, and other federal financial aid that helps make their educational aspirations a reality. Yet many students lack timely and relevant information about financial aid to guide their borrowing decisions each year; and too many leave college with debt but no degree, significantly increasing their risk of defaulting on their student loans. Loan counseling can provide students with critical information about their rights and responsibilities as borrowers and help them to better understand options for managing repayment after they leave school. Unfortunately, there is limited information about what works in loan counseling and its effects among different groups of students.

To view the full article visit, https://www.ed.gov/news/press-releases/us-department-education-announces-loan-counseling-experiment-and-new-college-completion-toolkit.





- Dec 14, 2016

More and more lucky workers have the opportunity to really brighten their financial pictures in 2016: They're getting year-end bonuses.

Three-quarters of companies plan to give employees a cash bonus this year, up from 67 percent last year, according to a report from staffing firm Accounting Principals.

While it may be tempting to treat yourself and blow it all on something fun, you can use the extra income in better ways to maximize the value of your bonus.

To view the full article visit, http://finance.yahoo.com/news/got-bonus-heres-not-blow-140000879.html.




- Dec 14, 2016

Thinking about putting a set of car keys under the tree this year? Consider a used car. It might not have the same cache on Christmas morning, but it's a much smarter financial move.

To view the full article visit, http://www.cnbc.com/2016/12/09/for-car-buyers-it-pays-to-be-a-scrooge.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104149333&yptr=yahoo.



- Dec 13, 2016

"Often, clients will look at the total owed and focus only on that instead of looking at interest rates on the different debts and seeing how fast it's going to grow if you don't get ahead of it," Genkin said.

Because credit card debt typically comes with the highest interest rates among debt types, it tops advisors' hit list.

To learn more about what debt to tackle first visit, https://www.yahoo.com/news/m/21121308-3e11-31c1-95c0-171ba2691f97/ss_from-student-loans-to.html

 



- Dec 12, 2016

It happens every December: You tell yourself you’re not going to let the holiday shopping season spiral out of control. You’ve got your gift list set and know which sales you’re going to jump on. What can go wrong—right?

To view the full article visit, learnvest.com.



- Dec 07, 2016

The highest interest rates in well over a year are putting a dent in the mortgage business.

Total mortgage application volume fell 9.4 percent last week versus the previous week, on a seasonally adjusted basis. The Mortgage Bankers Association adjusted the weekly reading to account for the Thanksgiving holiday. Volume was 0.5 percent lower than the same week one year ago, the first annual drop in total volume since January.

To view the full article, visit https://www.yahoo.com/news/m/fd03f159-bf6b-3d96-8fd7-0a0420fcdbb7/ss_higher-interest-rates-crush.html




- Nov 29, 2016

When it comes to saving money, Americans are falling short. According to a 2016 GOBankingRates survey, 69% of Americans have less than $1,000 in their savings accounts and 34% have no savings at all.

Millennials are no exception.

To view the full article, visit http://finance.yahoo.com/news/heres-much-average-millennial-savings-182226193.html.




- Nov 18, 2016

If someone is using your personal or financial information to make purchases, get benefits, file taxes, or commit fraud, that's identity theft. This booklet can guide you through the recovery process.

To view the booklet, visit https://www.bulkorder.ftc.gov/system/files/publications/pdf-0009_identitytheft_a_recovery_plan.pdf.



- Nov 16, 2016

From presents to parties to poinsettia, researchers at Magnify Money, a personal finance website, found that Americans with debt sank an additional $986 in credit card debt over the holidays last year.

This holiday season consumers seemed poised for yet another shopping spree. The National Retail Federation estimates retail sales in November and December will jump 3.6% to $656 billion.

To view the full article only holiday budgets, visit blog.mint.com.




- Nov 14, 2016

After using your credit card at a major retailer, you get some bad news: The company was hacked and your personal information may have been stolen.  What do you do next?

To view the full article, visit http://www.msn.com/en-us/money/personalfinance/what-to-do-if-a-retailer-says-youve-been-hacked/ar-AAjGQ62?ocid=iehp.



- Nov 01, 2016

Living alone has its benefits, from never having to wait for the bathroom to choosing all your decor.
But it also has its drawbacks. Single folks pay the rent alone. And they can't rely on anybody else to cover the costs of furniture or home repairs. Plus, it's tougher to cook healthy, cost-efficient meals when you live solo.

Fortunately, with a little planning and a few new techniques, there are ways to cook healthfully, cheaply and efficiently as a single home cook. Here's how.

To view the full article visit, money.usnews.com/money/personal-finance/articles/2016-09-01/cooking-for-one-feeding-yourself-without-breaking-the-bank.



- Oct 28, 2016

Getting married or moving in with your partner inevitably changes things — your finances included.

Learning to manage your money together does not have to be overwhelming. It’s something any couple can do, as long as you put in the work. “If the two of you don’t make your finances a priority, they won’t be one,” writes self-made millionaire and financial adviser David Bach in his book, “Smart Couples Finish Rich.”

To view the full article visit, davidbach.com/10-ways-couples-can-finish-rich/.




- Oct 25, 2016

Much like your physical health, your financial health needs a check-up every once in a while. Here at Personal Capital we’re announcing a 30-Day Money Cleanse.  

To view the 30-Day Money Cleanse visit, https://blog.personalcapital.com/retirement-planning/30-day-money-cleanse-week-1-awareness/.



- Oct 10, 2016

Roughly four in 10 adults with a social media account (39%) say that seeing other people’s purchases and vacations on social media makes them look into a similar purchase or vacation, according to a survey of more than 1,000 Americans released this summer by the American Institute of Certified Public Accountants. 

To view the full article, visit msn.com/en-us/money/technology/how-your-facebook-account-can-slowly-destroy-your-finances/ar-AAiP2d4?li=BBnb7Kz&ocid=iehp




- Oct 03, 2016

While most have their first experiences with managing personal finances as a young adult, Texas A&M AgriLife Extension Service Family Economic Specialist Nancy Granovsky believes early experiences can help build better habits in adults.

To read the full article, visit theeagle.com/news/a_m/expert-teach-kids-about-managing-money-early/article_60a7308a-8796-11e6-9b7d-0fb434d47be0.html.



- Sep 29, 2016

Bulking up your savings is difficult. Between paying down debt, staying on top of bills, and keeping up with daily expenses, it's hard to resist the temptation to dip into that emergency fund when something comes up — even if it's not technically an emergency.

To view the full article, visit businessinsider.com/keep-checking-and-savings-accounts-at-different-banks-2016-9.




- Sep 29, 2016

Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. “NIRP,” as economists call a negative interest rate policy, is a desperation move—but the only move those central banks have.

To learn more about negative interest rates, visit finance.yahoo.com/news/feds-janet-yellen-mulls-negative-interest-rates-183711629.html.



- Sep 27, 2016

He didn't begin paying down his tab immediately, but he made up lost ground by buckling down and contributing 75% of his paycheck toward his loans starting in August 2012. Eighteen months after his initial payment, the high school band director was completely debt-free.

To view the full article, visit cnbc.com/2016/09/15/teacher-paid-off-40000-of-student-loans-first-step-to-take.html.



- Sep 08, 2016

There’s a common saying that in life, you must lose something in order to gain something else. And I guess there is some truth to the statement.

To read full article visit, thefrugalennial.com/lessons-from-lebrons-hairline/.




- Sep 01, 2016

Government-backed student debt is big business: About one in six U.S. adults has a student loan owned or guaranteed by taxpayers, and the feds pay their contracted loan servicers and debt collectors close to $2 billion annually to counsel borrowers on their repayment options and collect monthly payments on nearly $1.3 trillion of federal student debt.

To view the full article visit, bloomberg.com/news/articles/2016-08-29/this-is-how-badly-we-re-managing-our-student-debt.




- Sep 01, 2016

Mortgage rates in the United States are near historic lows, thanks in part to Britain's decision to leave the European Union. The Brexit has led to increased global economic uncertainty and many investors, seeking safer investments, have moved their money into U.S. Treasury bonds. As demand for those bonds rises, their interest rates drop. Since U.S. mortgage rates typically reflect those trends, they too are coming down. 

To learn more about how to get the best mortgage rate visit, consumerreports.org/money/how-to-get-the-best-mortgage.




- Aug 16, 2016

Budgets are more than just paying your bills on time—a budget is also about determining how much you should be spending, and on what. The 50/20/30 rule, also called the 50/30/20 budget, is a proportional guideline that can help you keep your spending in alignment with your savings goals.

For more information regarding the 50/20/30 rule visit, blog.mint.com/saving/the-minimalist-guide-to-budgeting-in-your-20s-072016/.
 



- Aug 16, 2016

Is a college degree worth the cost?  A degree from Texas A&M is. The metrics are undeniable — Texas A&M is unique in delivering a transformational, world-class education that remains affordable, accessible and achievable.

To view the metrics visit, governmentrelations.tamu.edu/resources/Value_of_Texas_AM_Degree_July_2016.pdf.



- Aug 16, 2016

Students in a four-year program who take six years to graduate can expect to lose as much as $300,000, according to a new study from NerdWallet.com using National Association of Colleges and Employers data. That's not just extra tuition and mounting student loan interest, it's also the lost value of retirement savings and wages from two extra years out of the workforce.

To view the full article visit, www.cnbc.com/2016/06/20/college-victory-laps-can-cost-an-extra-300k.html.