Archive | July, 2010

How To Deal With Collection Agencies

31. July 2010

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How To Deal With Collection Agencies

The current economy has caused many of us to fall behind on our bills, and in the worst scenarios a collection agency becomes involved. Consumers hit by a job lay off or unexpected medical expenses often have maintained stellar credit over the years, and they have no idea of how to deal with a collection […]

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HelloWallet Scuffles With Mint

28. July 2010

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HelloWallet Scuffles With Mint

HelloWallet and Mint.com have emerged as two of the most popular websites seeking to give consumers financial advice. Upstart HelloWallet recently fired a shot at Mint asserting that Mint does not truly look out for the best interests of their users. The claim is that Mint derives its revenue from advertisers — most of whom […]

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Experts Advise Starting Financial Education Early

25. July 2010

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Experts Advise Starting Financial Education Early

The lack of financial education within our schools has been well documented, and it consequently devolves to parents needing to fill this gap themselves. Kids who are exposed to financial issues from a young age are far more apt to grow up to be savvy consumers. Unfortunately, the vast majority of kids receive no financial […]

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Beware Of Yield Traps

22. July 2010

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Beware Of Yield Traps

Investors seeking an income stream from their holdings gravitate to either bonds or stocks which pay a dividend. Many stocks do not pay a dividend, and consequently there is no income provided from their ownership until the position is sold. Cash flow is especially important to those just entering retirement when income from investments becomes […]

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Want to Avoid Estate Tax? 2010 Is A Good Year To Die

19. July 2010

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The legislative process and compromises often result in laws and policies which can be quite illogical. Take for instance the current status of the estate tax. Several years ago there was a pitched battle between the parties over future rates for the estate tax — which spawned the very effective GOP tactic of referring to […]

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401K Mistakes To Avoid

16. July 2010

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401K Mistakes To Avoid

Many Americans plan for their retirements with an employer-sponsored 401K plan. A 401K allows you to invest pre-tax money, and not pay taxes on the investment gains within the account until you withdraw the money upon retirement. Deferring taxation to this degree greatly accelerates the returns within the account helping you save more efficiently for […]

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Present Day Gold Rush?

13. July 2010

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Present Day Gold Rush?

All you have to do is look around to realize that the economy has been shaky for quite some time. Unemployment is on the rise, markets are uncertain, and people are struggling to get by. When the economy has been down historically, gold has tended to increase in value, and today is no exception. In […]

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How Credit Scores Are Made

10. July 2010

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How Credit Scores Are Made

Most people have become more cautious with credit recently, but there are some important uses for borrowing, and the deal you get depends on your credit score. To avoid surprises, it is important to know what factors make up credit scores and how heavily each one is weighed. History of Paying On Time (35%). The […]

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3 Ways to Supplement Your Income Right Now

7. July 2010

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3 Ways to Supplement Your Income Right Now

One of the hardest things about being in a bad financial pattern is that despite trying to clean up your act, the amount you bring in is the same at the end of the month. If you are not in a place to increase your salary at work, it might be time to think about […]

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3 Things You Can Do To Get A Raise

4. July 2010

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3 Things You Can Do To Get A Raise

When it comes to changing your financial picture, you want to be burning the candle at both ends. Obviously, it involves spending smartly and saving wherever you can. You also want to be doing everything you can to maximize the money you take in as well. Here are a few ways you might not have […]

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Knowing vs. Doing The Right Thing Financially

1. July 2010

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Knowing vs. Doing The Right Thing Financially

If you are reading this, there is a good chance it is not the first time you have looked for financial advice. There are many time tested ways out there to organize yourself and right your finances. If the information is so readily available, then why do so many people not have their act together […]

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