Jason Alderman's Practical Money Matters http://www.practicalmoneyskills.com/ http://blogs.law.harvard.edu/tech/rss Wed, 27 Dec 2006 13:39:32 -0700 Wed, 27 Dec 2006 13:39:15 -0700 Anyone who's ever tried to lose a few pounds knows that not every diet works for every person. Similarly, it may take a few tries to find a system for managing your personal finances that you can stick to. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0319_wealthWatchers.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0319_wealthWatchers.php Fri, 19 Mar 2010 13:38:20 -0700 Most people are somewhat familiar with Medicare, since it's likely they or a family member are already covered by the government-provided health insurance program. But with its alphabet soup of options and complex rules, Medicare can be daunting to the uninitiated. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0312_medicare.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0312_medicare.php Fri, 12 Mar 2010 13:38:20 -0700 If the financial consequences weren't so damaging, you might almost find humor in how identity theft has butchered the English language in recent years. "Phishing," "pharming" and "vishing" are just a few ways criminals access personal information they'll use to open illicit accounts, rent apartments, or even charge medical procedures to someone's insurance plan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0305_identity_theft.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0305_identity_theft.php Fri, 5 Mar 2010 13:38:20 -0700 Unless you raise chickens, the literal meaning of "Don't put all your eggs in one basket" probably doesn't apply. But we all know what the phrase implies: Don't deposit all your money in one investment vehicle or you may risk losing it all. Think about employees who invested their entire 401(k) balances in company stock, then lost everything when the company folded (think Enron). http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0226_asset_allocation.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0226_asset_allocation.php Fri, 26 Feb 2010 13:38:20 -0700 One major piece of legislation President Obama signed last year was the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which made fundamental changes to credit card agreements. Some provisions were adopted last summer, but the bulk of them took effect February 22, 2010. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0219_credit_card_reform.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0219_credit_card_reform.php Fri, 19 Feb 2010 13:38:20 -0700 April 15 is right around the corner. If a chill just went down your spine, chances are you haven't yet organized your income tax paperwork, let alone filed your return. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0212_tax_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0212_tax_tips.php Fri, 12 Feb 2010 13:38:20 -0700 Earlier this decade, headlines blared that trillions of dollars soon would begin changing hands in the largest wealth transfer in history, as depression-era parents began passing along their nest eggs to Baby Boomer offspring. Fast forward a few years and all bets are off. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0205_inheritance.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0205_inheritance.php Fri, 5 Feb 2010 13:38:20 -0700 Although not as unique as fingerprints or snowflakes, credit scores are highly individualized - and often mysterious. Many factors determine your score, which can change overnight depending on everything from last month's credit card balances, to opening a new account, to applying for a car loan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0129_credit_score_damage.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0129_credit_score_damage.php Fri, 29 Jan 2010 13:38:20 -0700 People stash their money in safe havens such as savings accounts, Treasury Bills and Certificates of Deposit for a variety of reasons. It could be fear of losing money in the stock market, the security of knowing their deposits are government-insured or, with bank accounts at least, being able to quickly withdraw funds when needs arise. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100122_higher_interest.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100122_higher_interest.php Fri, 22 Jan 2010 13:38:20 -0700 If you're plagued by winter drafts and high heating bills but can't afford to weatherproof your home, the U.S. Department of Energy's (DOE) Weatherization Assistance Program (WAP) just might be able to help. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100115_home_weatherization.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100115_home_weatherization.php Fri, 15 Jan 2010 13:38:20 -0700 A key feature in last year's economic stimulus bill was the federal income tax credit designed to help first-time homebuyers. Now, as part of legislation signed by President Obama in November 2009, that tax credit has been extended - as well as expanded to include a credit for current homebuyers looking to buy a new primary residence. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100108_first-time_homebuyers.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100108_first-time_homebuyers.php Fri, 8 Jan 2010 13:38:20 -0700 When deciding whether to save for retirement using a traditional or Roth IRA, many people wrestle with the question, 'When I retire, will my tax rate be higher or lower than it is today?'. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100104_roth_iras.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/20100104_roth_iras.php Fri, 1 Jan 2010 13:38:20 -0700 When it comes to inflation, 2009 was a good news/bad news kind of year - with a few mixed messages thrown in for good measure. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091225_contribution_limits.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091225_contribution_limits.php Fri, 25 Dec 2009 13:38:20 -0700 Proverbs survive because of their universality. Take the adage, "One bad apple spoils the barrel." It teaches us that good people (or good businesses) can be tainted by association with those whose actions are perceived as unscrupulous, even if they themselves don't employ the same deceitful tactics. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091218_deceptive_marketing.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091218_deceptive_marketing.php Fri, 18 Dec 2009 13:38:20 -0700 For many professions, the price of admission is higher education. Unfortunately, college degree costs have skyrocketed, so people often to enter the workforce saddled with massive student loans and monthly loan payments that strain their starting salaries. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091211_student_loans.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091211_student_loans.php Fri, 11 Dec 2009 13:38:20 -0700 At this time of year, many people pause to reflect on what they'd like to change about their lives going forward - lose a few pounds, take a class, spend more time with the kids. Often, these goals revolve around personal finances. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091204_resolutions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091204_resolutions.php Fri, 4 Dec 2009 13:38:20 -0700 No one takes the decision to declare bankruptcy lightly. Besides being an expensive, time-consuming and awkward process, bankruptcy can have serious and long-lasting impacts on your credit score, which in turn may affect your ability to borrow money, rent an apartment or even get a job. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091127_recovering_bankruptcy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091127_recovering_bankruptcy.php Fri, 27 Nov 2009 13:38:20 -0700 Reverse mortgages have become an increasingly popular way for seniors to keep pace with rising expenses. Typically, people borrow against their home equity and continue to live in the home with no monthly mortgage payment until they move out permanently, sell the property or die. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091120_reverse_mortgage.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091120_reverse_mortgage.php Fri, 20 Nov 2009 13:38:20 -0700 Getting the most bang for your buck is a badge of honor these days, whether you're car shopping, choosing a college or just comparing loaves of bread. One area where you really don't want to misspend your hard-earned dollars is charitable donations. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091113_contributions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091113_contributions.php Fri, 13 Nov 2009 13:38:20 -0700 When I was a kid, Christmas club savings accounts were quite common. Like their close cousin, the layaway plan, these accounts encouraged people to start saving far in advance for expenses they knew were coming. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091106_holiday_budget.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091106_holiday_budget.php Fri, 6 Nov 2009 13:38:20 -0700 In the midst of the holiday hustle and bustle, try to carve out a few moments for some year-end financial housekeeping. You may be able to save enough money using available tax breaks to pay for all your holiday needs - and more. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091030_tax_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091030_tax_tips.php Fri, 30 Oct 2009 13:38:20 -0700 Prescription drug costs can take a double toll on retirees, who often live on fixed incomes and are also likely to need more - and more costly - medications as they get older. That's why the government created Medicare Part D, a voluntary program that subsidizes prescription drugs for Medicare recipients. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091023_medicare_partD.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091023_medicare_partD.php Fri, 23 Oct 2009 13:38:20 -0700 Many employers will soon be offering open enrollment for next year's employee benefit coverage. Wading through all that paperwork is a sure-fire cure for insomnia, but considering how much is at stake, you may want to pour another cup of coffee and dive in. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091016_open_enrollment.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091016_open_enrollment.php Fri, 16 Oct 2009 13:38:20 -0700 In the depths of the recession the government passed the 2009 economic stimulus bill and tweaked the federal tax code to help boost consumer spending and assist people who were losing their jobs, homes and benefits. Now, several of those tax breaks, rebates and other incentives are due to expire at year's end. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091009_stimulus_expiring.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091009_stimulus_expiring.php Fri, 9 Oct 2009 13:38:20 -0700 Suppose your teenager came to you needing help answering homework questions on finance - would you be able to answer correctly or know where to find help? Consider questions like these. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091002_FF.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20091002_FF.php Fri, 2 Oct 2009 13:38:20 -0700 The past year has been rough financially for many folks. You probably know people who have lost their jobs, seen their retirement savings evaporate or experienced home foreclosure – you may even be in a tough spot yourself. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090925_kids.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090925_kids.php Fri, 25 Sep 2009 13:38:20 -0700 You've probably already thought about how you'd like to share your assets with relatives, friends and favorite charities when you're gone, whether it's money you've saved, your home, or family heirlooms you want to pass along to the next generation. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090918_passing_wealth.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090918_passing_wealth.php Fri, 18 Sep 2009 13:38:20 -0700 Until you get in the habit, putting aside savings is never easy. But the sooner you start, the sooner you'll start seeing results. As you'll see below, when it comes to savings, time is your best friend. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090911_refresher.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090911_refresher.php Fri, 11 Sep 2009 13:38:20 -0700 I have friends who swear by online social and professional networks like Facebook, MySpace and LinkedIn. Where else can you reconnect with long-lost former classmates, post vacation photos for friends around the world, share your resume with potential employers and perhaps even find love - all, without leaving your couch? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090904_internet_privacy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090904_internet_privacy.php Fri, 4 Sep 2009 13:38:20 -0700 One small silver lining from the recent economic downturn is that people have begun saving again. For decades personal savings rates hovered around 10 percent of after-tax income, but beginning in the late 1980s, rates steadily declined. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090828_saving_spending.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090828_saving_spending.php Fri, 28 Aug 2009 13:38:20 -0700 People naturally procrastinate when faced with difficult decisions. Take planning for your own demise: Only 40 percent of people recently polled by Visa Inc. have an up-to-date will. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090821_estate_planning.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090821_estate_planning.php Fri, 21 Aug 2009 13:38:20 -0700 In this challenging economy, many people have curbed discretionary expenses like vacations, entertainment and shopping excursions. Unfortunately, many folks - even those with medical insurance - are also cutting back on healthcare services they can no longer afford, including preventive care, check-ups and medications for chronic conditions. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090814_health_coverage.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090814_health_coverage.php Fri, 14 Aug 2009 13:38:20 -0700 As back-to-school shopping veterans, my wife and I have learned our share of money-saving tricks - plus methods to lessen meltdowns and frayed nerves that come with the territory. If you are new to this parental rite of passage or simply looking for a few new strategies, read on. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090807_back_to_school.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090807_back_to_school.php Fri, 7 Aug 2009 13:38:20 -0700 Like many folks, I recently had an awkward encounter with a debt collector. Someone had stolen my credit card number and used it to charge a hotel stay. Thanks to my card's zero liability policy the charges were quickly reversed and I didn't have to pay anything. But unbeknownst to me, the thief had booked an additional reservation, so my cancelled card was later charged a no-show fee. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090731_debt_collection.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090731_debt_collection.php Fri, 31 Jul 2009 13:38:20 -0700 When the stock market and housing prices were soaring not so long ago, many baby boomers figured they could retire early and live comfortably on their profits. Today that situation has reversed: Many folks are now postponing their retirement or even being forced to reenter the workforce, either to supplement diminished savings or because they underestimated how expensive retirement would be. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090724_retirement_age.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090724_retirement_age.php Fri, 24 Jul 2009 13:38:20 -0700 As we move through one of the most financially tumultuous years in many decades, some economists feel the worst may be over. But today's continuing high unemployment rates, troubled housing market and tight credit conditions leave many people feeling anxious about the future. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090717_mid_year_adjustment.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090717_mid_year_adjustment.php Fri, 17 Jul 2009 13:38:20 -0700 Many folks plan summer vacations that involve a lot of driving. For those sticking close to home, gas and maintenance are usually the biggest car-related expenses. But if you're planning to rent a car at your destination, many other factors can influence the overall impact on your travel budget. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090710_rental_car.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090710_rental_car.php Fri, 10 Jul 2009 13:38:20 -0700 "If it sounds too good to be true, it probably is." How many times have you heard that expression? Even in favorable economic times, otherwise cautious people can be duped by get-rich-quick schemes or investments that promise unrealistic returns. But when times get hard, folks increasingly fall for these scams in their quest to make ends meet. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090703_financial.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090703_financial.php Fri, 3 Jul 2009 13:38:20 -0700 Boomerang kids. You've probably read articles about them or may even have one yourself. That's where parents reopen their formerly empty nests to adult children who are trying to pay off student loans or bills, save for a down payment or regroup after losing their job. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090626_boomerang.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090626_boomerang.php Fri, 26 Jun 2009 13:38:20 -0700 When people hear the word "contract," some start daydreaming about signing a multimillion dollar deal with the NFL while others recall how their knees shook the day they signed that first car loan. If you think about it, though, many of our day-to-day decisions involve contracts. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090619_contract.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090619_contract.php Fri, 19 Jun 2009 13:38:20 -0700 There's no getting around it: Baby boomers are officially middle-aged. Millions of Americans born in 1959 will turn 50 this year; and many boomers born right after World War II have already begun receiving Social Security benefits. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090612_50ways.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090612_50ways.php Fri, 12 Jun 2009 13:38:20 -0700 One way the government hopes its 2009 economic stimulus plan will help jumpstart the economy is by investing billions of dollars in industries that support energy efficiency - everything from electric car battery technology to wind turbines to modernizing the country's power grid. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090605_energy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090605_energy.php Fri, 5 Jun 2009 13:38:20 -0700 People often say mothers have the hardest job in the world - and I wouldn't dispute that. But being a father might be the second hardest job in the world. And becoming a dad for the first time is a challenge for all men. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090529_fathers.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090529_fathers.php Fri, 29 May 2009 13:38:20 -0700 Unfortunately, as people become increasingly desperate during tough economic times, crime rates rise. What's worse - those being targeted are often in dire financial straits themselves. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090522_identity.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090522_identity.php Fri, 22 May 2009 13:38:20 -0700 One of the first things many people trim from their budget during economic downturns is vacation. That's unfortunate because stressful times are when we most need to recharge our batteries. Taking on additional debt to finance a vacation is itself stressful, however. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090515_vacation.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090515_vacation.php Fri, 15 May 2009 13:38:20 -0700 In the old days, if you paid cash for everything and carried no debt, you were considered a great prospect for a mortgage or car loan. Fast forward a few decades and the rules have changed considerably. http://www.practicalmoneyskills.com/english/at_home/columns/20090508_FICO_formula.php http://www.practicalmoneyskills.com/english/at_home/columns/20090508_FICO_formula.php Fri, 8 May 2009 13:38:20 -0700 Financing college is becoming a little easier, thanks to the 2009 economic stimulus bill. For 2009 and 2010 - perhaps longer, pending Congressional approval - several education assistance programs are being expanded by hundreds of millions of dollars. http://www.practicalmoneyskills.com/english/at_home/columns/20090501_student_loans.php http://www.practicalmoneyskills.com/english/at_home/columns/20090501_student_loans.php Fri, 1 May 2009 13:38:20 -0700 Forget college - just paying for your kid's senior year in high school can break the bank if you haven't planned carefully. While it's always a challenge to deny your kids enjoyable experiences, today's tough economy is forcing many families to make difficult decisions regarding these once-in-a-lifetime experiences. http://www.practicalmoneyskills.com/english/at_home/columns/20090424_prom.php http://www.practicalmoneyskills.com/english/at_home/columns/20090424_prom.php Fri, 24 Apr 2009 13:38:20 -0700 These are interesting times for potential car buyers. Because so many people have become wary of the faltering economy and are avoiding auto showrooms, nervous car manufacturers have been slashing prices, issuing rebates and offering extremely competitive financing terms - at least to people with sound credit - to lure in business. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090417_car.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090417_car.php Fri, 17 Apr 2009 13:38:20 -0700 With Mother's Day just around the corner, wouldn't you like to show your appreciation in a way that's more meaningful than buying your mom a box of chocolates or a bunch of flowers? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090410_mom.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090410_mom.php Fri, 10 Apr 2009 13:38:20 -0700 By simply flapping its wings, a butterfly in the Amazon rainforest can set off an atmospheric chain reaction that will eventually trigger a tornado in Texas - or so says a popular, if highly implausible, explanation for how small actions can cause ripple effects far outside their domain. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090403_summit.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090403_summit.php Fri, 3 Apr 2009 13:38:20 -0700 It's no news flash that people who invest in the stock market saw their account values drop significantly in the last six months. For those already retired or fast approaching, the impact was especially painful, since it will be much more difficult for their investments to recover value in time to fund their retirement. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090327_senior_tax_break.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090327_senior_tax_break.php Fri, 27 Mar 2009 13:38:20 -0700 The 2009 economic stimulus bill President Barak Obama signed into law on February 17, 2009, is a whopper, not only in cost ($787 billion) and length (1,070 pages), but also in terms of the vast number of spending and tax-relief programs it touches - everything from multi-billion dollar infrastructure investments to business tax cuts to small increases in unemployment benefits. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090320_stimulus.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090320_stimulus.php Fri, 20 Mar 2009 13:38:20 -0700 Some people looking to reduce expenses drop or trim their insurance coverage, gambling that they won't become sick, have a car accident or suffer a fire or other catastrophe. Unless you've got unlimited savings, however, forgoing adequate insurance could place you just one unexpected event away from financial disaster. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090313_insurance.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090313_insurance.php Fri, 13 Mar 2009 13:38:20 -0700 If you've ever been laid off from a job, you know how paralyzing it can be to worry about what to do next. Because you may not find a new position right away - especially in this economy - here are several steps you should take immediately to protect yourself financially. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090306_lay_offs.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090306_lay_offs.php Fri, 6 Mar 2009 13:38:20 -0700 More and more Americans are filing, and paying, their taxes electronically. The IRS projects the number of individual tax returns filed electronically in 2009 to exceed last year's record of nearly 90 million taxpayers. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090227_tax_refund.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090227_tax_refund.php Fri, 27 Feb 2009 13:38:20 -0700 Thanks to the rocky economy, most people's retirement savings have taken a beating in the past year. In fact, many folks have been forced to postpone retirement because of their shrinking nest eggs. And, those who've already retired no doubt have noticed that their money doesn't go as far because of increases in housing, food, utilities, prescription drugs and virtually everything else. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090220_money_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090220_money_tips.php Fri, 20 Feb 2009 13:38:20 -0700 Be forewarned: Income tax season is upon us. Procrastination is probably never a good thing, but when it comes to the IRS, it can be downright expensive. To help keep you on track, I've compiled a few suggestions that can save you last-minute grief - and money. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090213_tax_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090213_tax_tips.php Fri, 13 Feb 2009 13:38:20 -0700 You've got to hand it to our military personnel: Not only are they often put in harm's way, but they must contend with a host of issues that would be tough under the best of circumstances, including low pay scales and frequent moves to new assignments that trigger relocation costs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090206_military.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090206_military.php Fri, 6 Feb 2009 13:38:20 -0700 When it comes to children's allowances, many parents struggle with which approach to take. Some link allowances to completion of chores; others feel they shouldn't be tied to completing tasks, but rather, be an opportunity for kids to begin to learn money-management skills that will serve them later in life. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090130_allowances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090130_allowances.php Fri, 30 Jan 2009 13:38:20 -0700 One of the few bright spots in the current financial crisis is that the government has reinstated federal tax credits for a variety of energy-efficient home improvements you make in 2009. They also extended deadlines for solar energy systems and fuel cell tax credits until 2016 and established new credits for small wind-energy systems and plug-in hybrid vehicles. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090123_energy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090123_energy.php Fri, 23 Jan 2009 13:38:20 -0700 As anyone who's applied for a new loan lately knows, if you don't have a gold-plated credit history, you may have a tough time borrowing. And even many 24-karat consumers are being turned down. Lenders have responded to their own difficulty accessing credit - as well as increasing customer defaults - by tightening lending standards. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090109_credit_score.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090109_credit_score.php Fri, 09 Jan 2009 13:38:20 -0700 As it does every year, Super Bowl mania is sweeping the nation. In a recent survey of Visa Inc. cardholders, more than 60 percent said they would be inviting family and friends over to watch the game, spending an average of about $170 on refreshments. How do your plans and budget stack up? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090102_superbowl.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20090102_superbowl.php Fri, 02 Jan 2009 13:38:20 -0700 About the only upside when the cost of living increases is that every year the IRS readjusts personal tax exemptions, standard deduction amounts and retirement account contribution limits. It's not like winning the lottery, but I'll take all the good news I can get. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081226_exemptions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081226_exemptions.php Fri, 26 Dec 2008 13:38:20 -0700 Many folks are happy to see 2008 fade into the distance. Between the rollercoaster stock market, tightening credit availability and falling home values, most of us have taken a financial beating. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081219_resolutions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081219_resolutions.php Fri, 19 Dec 2008 13:38:20 -0700 An estimated 47 million Americans live without health insurance. Even among those fortunate enough to have coverage, many struggle to pay ever-rising monthly premiums, while still others worry about losing health benefits should they be laid off. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081212_hsa.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/20081212_hsa.php Fri, 12 Dec 2008 13:38:20 -0700 One of the fastest growing segments of America's workforce is the self-employed. Being your own boss can be liberating, but it's also hard work: Many bothersome details your employer used to handle become your responsibility - things like finding health insurance, deducting taxes, and setting up retirement savings. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/self_employment_120508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/self_employment_120508.php Fri, 5 Dec 2008 13:38:20 -0700 Dec is the year's busiest month for many people, with holiday-related shopping, socializing and travel cutting into already hectic schedules. It will be tough, but try to set aside some time before year's end to consider taking a few actions that could seriously lower your 2008 tax bill. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxtips_112808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxtips_112808.php Fri, 28 Nov 2008 13:38:20 -0700 During the holiday season, many people reflect on what they can do to help those less fortunate. In 2007, caring Americans gave a record $306.4 billion in charitable donations - which doesn't even include the countless hours spent on volunteer activities. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/contributions_112108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/contributions_112108.php Fri, 21 Nov 2008 13:38:20 -0700 If your employer provides a traditional pension plan you are part of a vanishing breed. According to the Department of Labor, only about 20 percent of private sector workers are covered by pensions today, about half the level of 30 years ago. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/pensions_111408.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/pensions_111408.php Fri, 14 Nov 2008 13:38:20 -0700 Among the most valuable financial wisdom you can teach your kids is how to harness the power of compounding. This life lesson is best learned early because the payoff grows exponentially the sooner you start practicing it. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/compounding_110708.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/compounding_110708.php Fri, 7 Nov 2008 13:38:20 -0700 One interesting - albeit non-scientific - way to gauge someone's comfort level with the state of the economy is to ask how much they plan to spend on holiday gifts. In good times, people tend to spend more generously; during rough periods, they scale back. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holiday_spending_103108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holiday_spending_103108.php Fri, 31 Oct 2008 13:38:20 -0700 Tens of millions of Americans don't have access to checking accounts or credit cards, which can make it difficult for them to cash their payroll or government-provided benefit checks, pay bills, withdraw cash and shop online or by phone. It also forces many to carry large amounts of cash and to utilize extremely expensive check-cashing services. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/prepaid_cards_102408.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/prepaid_cards_102408.php Fri, 24 Oct 2008 13:38:20 -0700 If you've already retired or plan to in the near future, it's a good idea to review your health care coverage to make sure it has kept pace with your changing needs. Adequate health insurance is a vital component of overall financial security, especially as we age and require more medical care. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_insurance_101708.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_insurance_101708.php Fri, 17 Oct 2008 13:38:20 -0700 In these tough economic times, many people are seeking ways to stretch their buying power. Although cutting back on purchases and avoiding extravagances make sense, another good strategy is to look for ways to trim your tax bill. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/flexible_spending_101008.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/flexible_spending_101008.php Fri, 10 Oct 2008 13:38:20 -0700 As college costs have escalated in recent years, students increasingly depend on their parents to help foot the bill: According to a recent consumer survey conducted by Visa Inc., nearly a quarter of those who attended college in the past five years cited their parents as the primary source of funding for tuition and room and board, trailed by government grants and government-backed loans (15 percent and 14 percent, respectively). http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/student_loans_100308.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/student_loans_100308.php Fri, 3 Oct 2008 13:38:20 -0700 It's pretty hard to ignore the environmental crisis our world faces today. You've probably already begun altering your behavior in response, whether by recycling, planting trees or simply driving less. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/green_092608.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/green_092608.php Fri, 26 Sep 2008 13:38:20 -0700 When budgeting how much money they'll need for living expenses after retirement, most folks generally include things like housing, medical expenses, transportation - even food and entertainment. But sometimes people forget to factor in taxes, which can have a substantial impact depending on where you live and what your sources for retirement income are. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/senior_tax_091908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/senior_tax_091908.php Fri, 19 Sep 2008 13:38:20 -0700 If you're among the hundreds of thousands of people expected to retire or be discharged from the military in the next few years, you're no doubt aware that you'll face many changes - and challenges - upon returning to civilian life. Today's uncertain economic climate makes it all the more important to have a handle on your personal finances and develop a strong game plan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/military_091208.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/military_091208.php Fri, 12 Sep 2008 13:38:20 -0700 Fifteen years ago, only a few million Americans carried debit cards. Today, more than 80 percent of us use them to withdraw cash, pay bills and make purchases at stores, restaurants and other merchants worldwide. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debit_090508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debit_090508.php Fri, 5 Sep 2008 13:38:20 -0700 Divorce is often referred to as the No. 2 most stressful life event, second only to death of a spouse. And no wonder: Besides its obvious emotional impacts, getting divorced can also be a financial nightmare as you're forced to deal with nagging details like separating your finances, acquiring your own health insurance and deciding who will claim the kids as tax deductions. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/divorce_082908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/divorce_082908.php Fri, 29 Aug 2008 13:38:20 -0700 The current housing crisis and other economic woes are taking their toll on people's wallets. Caught between escalating mortgage payments and rising fuel and food costs, many folks are having difficulty paying their bills. Not so long ago, some people probably would've just taken out a home equity loan, but with property values plummeting, their equity may already be exhausted - not to mention, those loans are now harder to get. Which leads me to cite a disturbing behavior that's on the rise: Tapping long-term retirement savings accounts to pay short-term bills. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_082208.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_082208.php Fri, 22 Aug 2008 13:38:20 -0700 Forget the birds and the bees: One of the most difficult - yet most important - discussions you can have with your children before they head off to college concerns the financial facts of life. Because a few early financial missteps can damage their credit for years to come, it's important to set your kids out on the right path. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/freshman_081508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/freshman_081508.php Fri, 15 Aug 2008 13:38:20 -0700 It usually bugs me when retailers start hawking events months before they happen - like selling Halloween candy before Labor Day or displaying barbeque grills while it's still freezing outside. But sometimes a little forewarning is a good idea. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/school_080808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/school_080808.php Fri, 8 Aug 2008 13:38:20 -0700 The news at the pump is grim: With the average cost of a gallon of gas well above $4 and rising, people are asking, "What happened?" Unfortunately, there is no simple answer. But here is what government and industry experts say are some key factors that impact fuel prices. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/gas_080108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/gas_080108.php Fri, 1 Aug 2008 13:38:20 -0700 As the economy continues to falter, many people find themselves trapped in financial limbo: unable to cover their bills (such as adjustable rate mortgages) and not qualified for more favorable interest rates that could help because of lenders' tightening credit standards. Compare that to a few years ago, when just about anyone could secure a mortgage or car loan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/credit_072508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/credit_072508.php Fri, 25 Jul 2008 13:38:20 -0700 Most people in their twenties and thirties are scrambling to get ahead - working long hours to advance their careers, buy a home or start a family. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/boomers_072108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/boomers_072108.php Thu, 17 Jul 2008 13:38:20 -0700 Many people refuse to contemplate their own death, while others take great comfort in planning every funeral detail ahead of time. No matter where you fall in this spectrum, there are several factors you should consider regarding cost, impact on your loved ones and ensuring that your wishes are carried out. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/funeral_071408.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/funeral_071408.php Fri, 11 Jul 2008 13:38:20 -0700 You probably began 2008 with the best intentions: lose a few pounds, reduce debt, start saving for college or retirement. You may have even written New Year's resolutions and started working on them. But you get busy, unexpected expenses come up, and suddenly it's summer. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/resolutions_070708.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/resolutions_070708.php Thu, 3 Jul 2008 13:38:20 -0700 Since its creation in 1935, Social Security has provided countless Americans with a degree of financial stability through its retirement, disability and survivor benefits. While never intended to fully support people when they retire, Social Security provides many retirees with their only safety net against poverty. So naturally, concerns about its solvency make headlines. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/ss_063008.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/ss_063008.php Fri, 27 Jun 2008 13:38:20 -0700 I hope you're sitting down. According to an annual study by the USDA, the average cost for a middle-income family to raise a child born in 2007 until age 18 is estimated at a staggering $204,060. And that doesn't even include college costs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/kids_062308.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/kids_062308.php Fri, 20 Jun 2008 13:38:20 -0700 I hope this is one column you'll read and say, "Whew, I'm glad that doesn't apply to me." I'm talking about what can happen when someone's debt spirals out of control and they don't know where to turn next. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debt_061608.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debt_061608.php Fri, 13 Jun 2008 13:38:20 -0700 Many people find it increasingly difficult to make ends meet in today's troubled economy, whether because of mortgage woes, high fuel costs, job insecurity or other financial problems. If that weren't bad enough, predatory con artists target these vulnerable folks with increasingly sophisticated scams designed to cheat them just when they can least afford it. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/seniors_060908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/seniors_060908.php Fri, 6 Jun 2008 13:38:20 -0700 Summer's almost here and you know what that means: warmer days, longer evenings and endless choruses of 'there's nothing to do.' Before you park your kids in front of the TV or at the mall, consider a few activities you can do together that might help bring you closer while also teaching them valuable lessons about managing their personal finances. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/summer_053008.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/summer_053008.php Fri, 30 May 2008 13:38:20 -0700 Sharply rising gas prices are taking their toll on almost every aspect of our lives, from filling up the gas tank to shelling out more for food and other commodities. If you've started planning your next vacation, you've surely noticed that airfares and other travel-related costs have gone up as well. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/vacation_052308.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/vacation_052308.php Fri, 23 May 2008 13:38:20 -0700 Nothing erases the glow of a honeymoon faster than money woes. In their haste to live happily ever after, many couples don't do their homework before the ceremony and then are unpleasantly surprised to learn they're starting out their next life chapter deeply in debt - or married to a spouse who has very different financial priorities. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/marriage_051608.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/marriage_051608.php Fri, 16 May 2008 13:38:20 -0700 If you're among the 45 percent of Americans who've already written a will, you may think you’ve done everything necessary to ensure a smooth transition of your assets to your heirs. Not necessarily. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/assets_050908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/assets_050908.php Fri, 9 May 2008 13:38:20 -0700 Anyone who's graduated from college understands the relief of leaving behind years of cramming for exams and living on dorm food. With the next chapter of their lives now at hand, this year's grads deserve kudos for successfully negotiating the twists and turns of higher education. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/graduating_050208.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/graduating_050208.php Fri, 2 May 2008 13:38:20 -0700 As Mother's Day approaches, it's worth noting that most women still face significantly more hurdles to achieving financial security than do men, especially at retirement. A few statistics say it all. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/finSecurity_042508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/finSecurity_042508.php Fri, 25 Apr 2008 13:38:20 -0700 Have you ever wasted precious weekend hours searching for tax-related documents? If the television died, could you locate the warranty to see if it's still covered? Ever forgotten an online account password? These are all good arguments for setting up a proper filing system. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/springClean_041808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/springClean_041808.php Fri, 18 Apr 2008 13:38:20 -0700 Each year, roughly 70 percent of Americans get an income tax refund. Thanks to the Economic Stimulus Act of 2008, beginning in early May most also will receive an additional tax rebate check of up to $600 (up to $1,200 for joint filers) - even those who don't earn enough to owe federal income tax. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/smartTaxes_041108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/smartTaxes_041108.php Fri, 11 Apr 2008 13:38:20 -0700 Children growing up during the Great Depression watched their parents struggle against extreme hardships. But the "scrimp and save" mentality they learned slowly waned as Baby Boomers and Generation Xers found it easier than their parents to purchase homes, buy cars and go to college. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/sos_040908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/sos_040908.php Wed, 09 Apr 2008 13:38:20 -0700 Start checking your mailbox in early May. That's when more than 130 million Americans should begin receiving big checks from Uncle Sam, thanks to the $168 billion Economic Stimulus Act of 2008 passed by Congress and signed by the president. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/rebates_032808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/rebates_032808.php Fri, 28 Mar 2008 13:38:20 -0700 If you're a parent looking forward to having an empty nest, you may need to adjust your expectations. Faced with burgeoning student loan balances, high rents and a stagnant job market, increasing numbers of adult children are opting to move back in with their parents to get a financial leg up. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/boomerang_032108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/boomerang_032108.php Fri, 21 Mar 2008 13:38:20 -0700 Paying bills used to be pretty cut-and-dried: Each month, you'd sit down with your checkbook, write a bunch of checks and drop them in the mail. Once in awhile you might accidentally bounce a check because of a math error - or in hopes that a deposit would clear first. The bank would deny payment; then you'd pay a fee and learn your lesson. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/bankfees_031408.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/bankfees_031408.php Fri, 14 Mar 2008 13:38:20 -0700 Between skyrocketing prescription drug prices, rising insurance copayments and an aging population, it's not surprising more and more people are having difficulty paying for their medications. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/medications_030708.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/medications_030708.php Fri, 07 Mar 2008 13:38:20 -0700 Aside from getting a root canal or visiting the DMV, few activities are more unpleasant than filing income taxes. It gets more complicated every year and what's worse, if you've put off organizing your paperwork until the last minute, you risk missing deadlines and making costly mistakes. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxes_022908.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxes_022908.php Fri, 29 Feb 2008 13:38:20 -0700 More and more seniors unable to keep up with escalating living expenses have begun exploring reverse mortgages, where they draw equity from their paid-off homes and continue living there with no monthly payments. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/reverseMortgages_022208.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/reverseMortgages_022208.php Fri, 22 Feb 2008 13:38:20 -0700 The days when most folks joined a company right out of school and remained until retirement are long gone. Today, people intentionally change jobs numerous times during their lifetimes. Unfortunately, such changes aren't always voluntary, as anyone who's been laid off knows. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/layoff_021508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/layoff_021508.php Fri, 15 Feb 2008 13:38:20 -0700 If you're a renter and there's an accident or burglary, the landlord's insurance will pick up the tab, right? Not true. Landlords usually only insure the building structure itself, so you're responsible for any lost or damaged possessions. And, if someone falls in your apartment or gets bitten by your dog, guess who they might sue? You. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/rentersInsurance_020808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/rentersInsurance_020808.php Thu, 07 Feb 2008 13:38:20 -0700 Anyone who’s retired or living on a fixed income knows how difficult it is to keep up with skyrocketing health care, fuel and food costs. And, with today’s longer lifespans, many of us will need to keep our eye on the ball for much longer than our parents’ generation did. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/spending_020108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/spending_020108.php Fri, 01 Feb 2008 13:38:20 -0700 We’ve all felt first-hand the painful impact that record oil prices have had on home heating and driving expenses this winter. You’ve also likely seen price hikes on just about everything else as fuel-related shipping and manufacturing cost increases get passed along to consumers. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/winterize_012508.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/winterize_012508.php Fri, 25 Jan 2008 13:38:20 -0700 If you've procrastinated about signing up for your company's 401(k) retirement savings plan, you're not alone: About one-third of eligible employees haven't enrolled, even when their employer offers matching contributions and a variety of investment options. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/autoEnroll_011808.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/autoEnroll_011808.php Fri, 18 Jan 2008 13:38:20 -0700 It's no secret that the bubble has fully burst in the real estate market and that millions of homeowners are facing severe financial hardships as home values drop and adjustable mortgage rates shoot upward. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/tipsHomebuyers_011108.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/tipsHomebuyers_011108.php Fri, 11 Jan 2008 13:38:20 -0700 You'd never want to compound your loved ones' misery should you become seriously ill or die, but that's exactly what might happen if you haven't adequately planned for your future care and the distribution of your possessions. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/will_010408.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/will_010408.php Fri, 04 Jan 2008 13:38:20 -0700 People choose self employment for a variety of reasons: To escape corporate bureaucracy, flex their entrepreneurial spirit or simply put food on the table after being laid off. Nearly 11 million Americans work for themselves, which means they and their families quite possibly are living without the safety net of employer-provided benefits and insurance. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/selfEmployed_122107.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/selfEmployed_122107.php Fri, 21 Dec 2007 13:38:20 -0700 Few things bug me more than unsolicited telemarketing calls - especially on the weekend. That's why my family registered our home and cell phone numbers with the national Do Not Call list administered by the Federal Trade Commission (FTC) when it became available in 2003, joining 149 million others. As promised, the volume of annoying calls dropped significantly. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/donotcall_121407.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/donotcall_121407.php Fri, 14 Dec 2007 13:38:20 -0700 Maybe it's a sign of approaching middle age, but as the world becomes increasingly unpredictable, I instinctively seek out security for my family wherever I can; not just physical safety, but financial protection as well. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/financialResolutions_120707.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/financialResolutions_120707.php Fri, 07 Dec 2007 13:38:20 -0700 Are you stumped for ideas on what to get your children for holiday gifts? Join the club. When I was a kid, my folks had far fewer gift choices for me: board games, a bicycle, or maybe the dreaded long underwear. Today, doing a search for "toys" on Amazon.com reveals more than 400,000 listings. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_113007.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_113007.php Fri, 30 Nov 2007 13:38:20 -0700 At this time of year, most people fall into two types: Those who look forward to the holiday season, and those who dread it. Many people end up in the latter camp because of money worries. You know how easy it is to overspend on holiday gifts, travel and entertainment and how long it can take your wallet to recover. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_112307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_112307.php Fri, 23 Nov 2007 13:38:20 -0700 If you could save hundreds of dollars on your taxes with just a few minutes' work, would you? I thought so. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/yearend_111607.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/yearend_111607.php Fri, 16 Nov 2007 13:38:20 -0700 Americans lead the world in charitable giving. In 2006 alone, we gave a record $295 billion, of which 76 percent came from individuals. That doesn't even count time spent volunteering, which some sources value at $150 billion or more. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/giving_110907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/giving_110907.php Fri, 09 Nov 2007 13:38:20 -0700 America’s once red-hot housing market has cooled off considerably. Prices are down, unsold housing inventory is up and mortgage lenders have tightened credit standards. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/mortage_110207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/mortage_110207.php Fri, 02 Nov 2007 13:38:20 -0700 We all know we should set aside money for a rainy day, a house down payment or retirement, but there are always a million reasons why we can't. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/spendless_102607.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/spendless_102607.php Fri, 26 Oct 2007 13:38:20 -0700 In the 1970s-era spy thriller The Day of the Jackal, a would-be assassin steals the identities of several dead people to further his plan to kill French President Charles DeGaulle. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/identity_101907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/identity_101907.php Fri, 19 Oct 2007 13:38:20 -0700 As we prepare to honor our armed forces on Veterans Day, it's appropriate to address the financial challenges often faced by those who defend our country. Far too often, military families face daunting financial difficulties. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/helping_101207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/helping_101207.php Fri, 12 Oct 2007 13:38:20 -0700 Like death and taxes, rising health care costs are unavoidable. In fact, you've probably seen your medical insurance premiums increase several times in the past few years. A little careful planning can help you ease your bottom line by choosing coverage that best matches your needs – not to mention save hundreds of dollars on taxes. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/open_100507.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/open_100507.php Fri, 05 Oct 2007 13:38:20 -0700 Boosting your credit score by 'piggybacking' on someone else's good credit is about to get much more difficult. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/credithistory_092807.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/credithistory_092807.php Fri, 28 Sep 2007 13:38:20 -0700 If you're among the nearly 44 million Americans eligible for an employer-provided pension plan, consider yourself lucky: Since 1980, such plans have decreased by nearly 80 percent. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/get_the_most_092107.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/get_the_most_092107.php Fri, 21 Sep 2007 13:38:20 -0700 Not to sound like Dear Abby, but the key to maintaining any sound relationship, whether friendship, business or marriage, is open and honest communication. This becomes doubly important when finances are involved – ask any divorce lawyer. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/open_communication_091407.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/open_communication_091407.php Fri, 14 Sep 2007 13:38:20 -0700 That anguished roar you hear is the sound of millions of students returning to school after summer break. As a parent, you might feel relief that teachers are taking over the reins, but hold on: School may be the best place for kids to learn the three R's, but you're probably still the best source for the fourth R – financial Responsibility. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/getyourkids_090707.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/getyourkids_090707.php Fri, 07 Sep 2007 13:38:20 -0700 I lived paycheck to paycheck during my early twenties. Saving didn't seem feasible – there were just too many expenses. And, like many, during my early workforce years I neglected to have a portion of my paycheck automatically put into a retirement account. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/earlysavings_083107.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/earlysavings_083107.php Fri, 31 Aug 2007 13:38:20 -0700 Raising a family is one of the most rewarding and fulfilling experiences in life, but also one of the most expensive. According to a U.S. Department of Agriculture survey, a typical middle-income family will spend nearly $200,000 raising a child to age 18 – not including college costs or lost wages for a stay-at-home parent. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/babyBudget_082407.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/babyBudget_082407.php Fri, 24 Aug 2007 13:38:20 -0700 For 77 million baby boomers rapidly approaching retirement, long-term elder care is no longer an academic concept – it's becoming a reality. Many of us already deal with elder-care issues for our parents. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/elderCare_081707.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/elderCare_081707.php Fri, 17 Aug 2007 13:38:20 -0700 If you've got a freshman heading off to college, you're probably scrambling to teach him or her how to cook macaroni and cheese and do laundry without turning everything pink. But there are other important lessons you can share that will have a much longer-lasting effect on their financial future. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/freshmanFundamentals_081007.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/freshmanFundamentals_081007.php Fri, 10 Aug 2007 13:38:20 -0700 Few phrases inspire greater dread for my seven-year old than, "back to school shopping."No doubt the same holds true for many other parents who must spend precious summer hours – and hundreds of dollars – on shopping excursions for clothes that will be outgrown (or worse, uncool) in six months. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/backtoschool_080307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/backtoschool_080307.php Fri, 03 Aug 2007 13:38:20 -0700 Shortly after our first child was born, my wife and I realized we needed to remodel our kitchen and family room to accommodate our new family focused lifestyle and our new arrival. But, like most first-time remodelers, we had no idea what we were up against. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/homeImprovement_072707.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/homeImprovement_072707.php Fri, 27 Jul 2007 13:38:20 -0700 You can hardly watch or read the news without hearing about the latest scam to separate folks from their hard-earned money. As criminals become increasingly more sophisticated, their schemes are more difficult to spot. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/foilScams_072007.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/foilScams_072007.php Fri, 20 Jul 2007 13:38:20 -0700 Statisticians say the odds of winning the lottery are about the same as being struck by lightning. There are many other, smaller financial windfalls you're much more likely to experience – everything from tax refunds to inheritances to a raise or bonus at work. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/windfall_071307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/windfall_071307.php Fri, 13 Jul 2007 13:38:20 -0700 You probably get numerous credit card offers every month. Many list terms that sound too good to be true, which often means they are: 0 percent interest, huge credit limits, free rewards - the list goes on. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/card_070706.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/card_070706.php Fri, 6 Jul 2007 13:38:20 -0700 If you can remember when the Beatles first sang "When I'm 64," you're probably fast approaching retirement or already there. When Paul McCartney wrote, "We shall scrimp and save," however, he may have been wishful thinking: Nearly half of U.S. workers report having less than $25,000 in retirement savings. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_062907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirement_062907.php Fri, 29 Jun 2007 13:38:20 -0700 It used to be that only the wealthy consulted financial planners for advice on estate planning, investments and tax shelters. But with tax laws becoming increasingly complex, more people investing in the stock market through 401(k) plans and millions of baby boomers approaching retirement, people at all income levels now seek professional help to plan their financial future. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/finPlanner_062207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/finPlanner_062207.php Fri, 22 Jun 2007 13:38:20 -0700 When it comes to getting a new car, many people wrestle with whether to lease or buy. Both methods have advantages and disadvantages, so it's important to understand your needs and payment habits before signing on the dotted line. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/leasevsBuy_061507.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/leasevsBuy_061507.php Fri, 15 Jun 2007 13:38:20 -0700 Nothing strikes more fear in an unorganized person's heart than tax season, when you pay dearly for a year's worth of stashing bills, receipts and other papers in a shoebox. I know, because I'm a recovering file-o-phobe. I used to think it took too long to organize my paperwork as it came in, until I realized just how much time I later wasted trying to find misplaced records. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/clutter_060807.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/clutter_060807.php Fri, 08 Jun 2007 13:38:20 -0700 Probably the last thing college students want to do during summer break is absorb any new information. But if you can prevail on your kids, I've got a subject that'll provide a lifetime of A's for their financial future: Credit scores. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/kidiq_060107.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/kidiq_060107.php Fri, 01 Jun 2007 13:38:20 -0700 Father's Day is almost upon us. This year, along with the traditional necktie or dozen golf balls, why not give your dad something that will make him feel like he's truly taking care of his family and watching out for their future – a financial and medical planning check-up. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/fathersDay_052507.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/fathersDay_052507.php Fri, 25 May 2007 13:38:20 -0700 During graduation season millions of college (and high school) seniors will march on stage in graduation caps and gowns to the relieved cheers of parents and friends. Many have already lined up a job in their chosen field, while others stand at a crossroads, wondering what to do in the next chapter of their lives. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/grad_051807.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/grad_051807.php Fri, 18 May 2007 13:38:20 -0700 Many people recall their wedding day as one of their happiest, filled with cherished memories and promises of a bright future. But at an average cost of more than $27,000, it's not surprising that some weddings start couples off on the wrong financial footing, setting the stage for future money problems. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/wedding_051107.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/wedding_051107.php Fri, 04 May 2007 13:38:20 -0700 It seems like everyone I know works longer hours and has more responsibilities than ever before. Some people say the only thing that keeps them sane is thinking about their vacation. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/stress_050407.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/stress_050407.php Fri, 04 May 2007 13:38:20 -0700 Mother's Day has been around in one form or another since ancient Greece. Mothers (and wives and grandmothers) deserve heartfelt thanks for tackling one of the hardest jobs on the planet. But rather than simply taking them out for Sunday brunch, why not give the moms in your life a present with more lasting meaning: the gift of financial security. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/mothersGift_042707.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/mothersGift_042707.php Fri, 27 Apr 2007 13:38:20 -0700 You may have heard people refer to "good debt" and "bad debt." Ideally, we'd have no debt at all because we'd be rich enough to never need a loan. But few of us belong to that exclusive club, so sometimes we take on debt out of necessity. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/goodDebt_042007.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/goodDebt_042007.php Fri, 20 Apr 2007 13:38:20 -0700 Like many people, I often take my health for granted. I plan to work for many more years, but you never know: Studies have shown that Americans of all ages are more likely to become disabled in a given year than to die, and that nearly a third are likely to suffer a serious disability between the ages of 35 and 65. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/disability_041307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/disability_041307.php Fri, 13 Apr 2007 13:38:20 -0700 For many of us, the agony of filing taxes each April is partially offset by knowing that a few weeks later we'll get a nice refund from Uncle Sam (assuming you don't have to write him a check). Last year, nearly 70 percent of the nearly 123 million U.S. taxpayers received refunds averaging $2,237. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxRefund_040607.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxRefund_040607.php Fri, 06 Apr 2007 13:38:20 -0700 I hate writing checks for automobile insurance. It always seems like money down the drain – that is, until you need it; then, insurance can be a lifesaver. But that doesn't mean you shouldn't try to get the best deal possible. You wouldn't buy a new television without comparison shopping, nor should you automatically reenroll in the same policy year after year – at least not without considering your other options. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/carInsurance_032307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/carInsurance_032307.php Fri, 23 Mar 2007 13:38:20 -0700 Like most Americans, you're probably reeling from your winter heating bills and hoping spring comes soon. I spoke with some insiders at a major utility company about ways consumers can conserve energy – and cut utility bills. Here are some of their money-saving tips. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/diet_031607.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/diet_031607.php Fri, 16 Mar 2007 13:38:20 -0700 When it comes to filing taxes, some of us are ants and some are grasshoppers. Ants methodically file receipts all year in color-coded folders and on January 2 they calculate their refund; grasshoppers shove everything into a shoebox and pull it out, panic-stricken, the night before the tax-filing deadline. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxes_030907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/taxes_030907.php Fri, 09 Mar 2007 13:38:20 -0700 Unless you pay cash for everything, you're impacted by interest – either as a lender or as a borrower. Understanding the different types of interest can give you a clearer picture of how your money accumulates and what things really cost when financing is factored in. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/interstRates_030207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/interstRates_030207.php Fri, 02 Mar 2007 13:38:20 -0700 I don't want to date myself, but when I went to college, tuition was much more affordable and it was nearly impossible for students to qualify for credit cards and car loans. What hasn't changed since then, however, is that many young adults still don't realize the impact a few bounced checks or late payments can have on their future ability to borrow money, rent an apartment or even get a job. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/youthCredit_022307.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/youthCredit_022307.php Fri, 23 Feb 2007 13:38:20 -0700 My friend Carol recently turned 50. Along with birthday cards she also received an invitation to join the American Association of Retired Persons (AARP). After simmering down, Carol visited their Website, www.aarp.org, out of curiosity. In addition to health tips and financial advice, she also found something her parents have known about for years: senior discounts. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/seniorDiscounts_021607.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/seniorDiscounts_021607.php Fri, 16 Feb 2007 13:38:20 -0700 One of the hardest parts of parenting is allowing your children the freedom to learn from their own mistakes. We all want to protect our kids from harm, but if sheltered too much, they won't be ready to deal with real-world challenges when they leave the nest. This is true for managing money just as with avoiding physically dangerous situations. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/allowances_020907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/allowances_020907.php Fri, 09 Feb 2007 13:38:20 -0700 It used to be, you'd work hard your whole life, then retire with a gold watch and a few good years left to visit the Grand Canyon, spoil your grandchildren and get hooked on daytime TV. Pension plans were the rule not the exception, Social Security was healthy and employers encouraged early retirement to make room for younger workers. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirementOptions_020207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirementOptions_020207.php Fri, 02 Feb 2007 13:38:20 -0700 You'll likely face many major decisions to make when you're ready to take the homeownership plunge, not the least of which is choosing the right kind of mortgage for your needs. Mortgage options used to be fairly limited, but in recent years new varieties have abounded. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/choosingmortgage_0126007.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/choosingmortgage_0126007.php Fri, 26 Jan 2007 13:38:20 -0700 There's a lot of confusion around credit reports and credit scores – what they're used for, how they're calculated and why they're so important if you want to buy a car or house. Lenders, insurers and even employers review your credit history to decide if you're a worthwhile risk, so here's some background information that may help demystify the whole credit scoring process. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/creditScore_011907.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/creditScore_011907.php Fri, 19 Jan 2007 13:38:20 -0700 Many American teenagers seem to have a cell phone permanently glued to their ear. With more than 200 million U.S. cell phones now in use, they're clearly not going away, especially as cell phone manufacturers and service operators target younger audiences with ever-increasing features, including games. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/cellPhone_011207.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/cellPhone_011207.php Fri, 12 Jan 2007 13:38:20 -0700 Benjamin Franklin once said, "Nothing can be said to be certain, except death and taxes." Although I don't have any updates on the former, at least where taxes are concerned I do have some positive news. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirementPlan_010807.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/retirementPlan_010807.php Mon, 08 Jan 2007 13:38:20 -0700 I know people who love their careers and can't wait to go to work each day. And I know others who hate their jobs and feel underemployed, underpaid or overworked. No matter where you fall in that spectrum today, someday you may want to test the waters for new opportunities. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/findJob_122906.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/findJob_122906.php Wed, 27 Dec 2006 13:38:20 -0700 I'd rather get a root canal than go car shopping. How to choose among so many models, options and financing alternatives? But it's worth a little homework to make sure you get a car you like and can truly afford; plus, you can save you thousands of dollars over the car's life. Here are a few tips: http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/buyingCar_122206.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/buyingCar_122206.php Fri, 22 Dec 2006 13:38:20 -0700 I've learned the hard way that although New Year's resolutions can be a great way to make a fresh start, if you set unrealistic goals they'll likely fizzle out after a few months. Sometimes small steps are the answer, building momentum as you go. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debt_121806.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debt_121806.php Mon, 18 Dec 2006 13:38:20 -0700 When my wife and I signed our first mortgage in 1999, we had to keep convincing ourselves we were doing the right thing. Renting was safe, but buying a home was a major commitment with many big risks. We had long weighed the pros and cons of buying a home and ultimately decided to take the plunge. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/homeOwnership_121106.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/homeOwnership_121106.php Mon, 11 Dec 2006 13:38:20 -0700 As hectic as life is at this time of year, if you can spare a few minutes I have a few suggestions that could save you a lot of money if you act quickly before the 2006 tax year ends. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/lastMinute_120406.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/lastMinute_120406.php Mon, 04 Dec 2006 13:38:20 -0700 Now that the leftover turkey is gone, you've probably moved on to the next seasonal event – holiday spending. Between gifts, entertaining and travel, many of us spend considerably more than we'd planned, let alone budgeted for. Add the inevitable 10-pound weight gain and it's not hard to understand why for many, December is the most stressful month. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_112706.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/holidayShopping_112706.php Mon, 27 Nov 2006 13:38:20 -0700 In my family, the holiday season is more than just a time for gift-giving and elaborate meals. It's also when we make charitable contributions to help others who are less fortunate. My kids get in on the act and we all vote on where to donate our money. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/tisseason_112006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/tisseason_112006.php Mon, 20 Nov 2006 13:38:20 -0700 I hate paying bills. It's not just saying goodbye to my money that hurts, but the tedious routine of writing and mailing checks. I've also experienced a few late fees when payments got stuck at the post office and didn't arrive in time. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/directPayments_111306.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/directPayments_111306.php Mon, 13 Nov 2006 13:38:20 -0700 Many people are so accustomed to frequent credit offers that when an application is denied, they're shocked. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/repair_110606.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/repair_110606.php Mon, 06 Nov 2006 13:38:20 -0700 Many people are so accustomed to frequent credit offers that when an application is denied, they're shocked. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/repair_110606.php www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/repair_110606.php Mon, 06 Nov 2006 13:38:20 -0700 For women, it's a classic "good news, bad news" scenario: The good news is, on average women live seven years longer than men; the bad news is, there's a strong possibility they may have less money to live on during those extra years. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/womenChallenges_102706.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/womenChallenges_102706.php Fri, 27 Oct 2006 13:38:20 -0700 Many people will go out of their way to avoid talking about illness, death and money, especially when aging parents are concerned. But the reality is, we all get older and eventually need help from others. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/parentsHelp_102006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/parentsHelp_102006.php Fri, 20 Oct 2006 13:38:20 -0700 College students have many sound reasons for getting a credit card: It's a good way to start building a solid credit history, safer than carrying large amounts of cash and can be a lifesaver in an emergency. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/crashcourse_101606.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/crashcourse_101606.php Mon, 16 Oct 2006 13:38:20 -0700 Managing your personal finances can be a constant juggling act where car payments, a mortgage and college savings all compete with daily expenses. Despite today's pressing needs, don't lose site of tomorrow's top financial priority: your retirement. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/401k_100906.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/401k_100906.php Mon, 09 Oct 2006 13:38:20 -0700 For millions of Americans, workplace benefits open enrollment for 2007 is just weeks away. Consider this: By simply checking "same as last year" on your enrollment form, you may miss an opportunity to save hundreds of dollars on your taxes. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/save_100206.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/save_100206.php Mon, 02 Oct 2006 13:38:20 -0700 Forty billion dollars. That's how much crooked telemarketers steal from Americans each year, according to the National Consumers League; and 56 percent of those victims are over age 50, says the American Association of Retired Persons (AARP). http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/pro_9262006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/pro_9262006.php Tue, 26 Sep 2006 13:38:20 -0700 We've all been haunted by images of people who lost everything to a hurricane, flood or other natural disaster. All too often, though, people's lives are overturned by more commonplace events – either because they're uninsured, or they find out too late that their coverage was insufficient. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/icf_9182006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/icf_9182006.php Mon, 18 Sep 2006 13:38:20 -0700 Like most new parents, my wife and I felt a full range of emotions while she was pregnant: joy, relief, and anticipation combined with nervousness, anxiety, and downright fear. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/bb_9112006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/bb_9112006.php Mon, 11 Sep 2006 13:38:20 -0700 Sometimes the easiest way to interest your children in something is to turn it into a game - whether it's getting a toddler to eat breakfast or entertaining a carload of third-graders. But when the topic is even remotely "educational," you may face additional hurdles. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/ff_8312006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/ff_8312006.php Thu, 31 Aug 2006 13:38:20 -0700 As parents, what we say and do regarding money can profoundly influence our children's future financial habits. That's a sobering thought for those of us who may not have always made the best financial decisions in our own lives. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/gallo_8282006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/gallo_8282006.php Mon, 28 Aug 2006 13:38:20 -0700 One of today's fastest-growing and most ominous crimes is identity theft, where someone steals your personal information and uses it to open a bank account or loan, make purchases, secure false identification, or commit other offenses. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/idtheft_8212006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/idtheft_8212006.php Mon, 21 Aug 2006 13:38:20 -0700 It's hard to believe "back to school" season is right around the corner, but that's what store displays have been telling us for weeks. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/back2school_08142006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/back2school_08142006.php Mon, 14 Aug 2006 13:38:20 -0700 It's hard to fathom how much the financial industry has changed in the past several decades. Before the first charge card was introduced in 1950, "cash and carry" was pretty much the rule for most purchases. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debit101_08072006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/debit101_08072006.php Mon, 7 Aug 2006 13:38:20 -0700 My grandparents used to tell us, “Always put something aside for a rainy day.” It looks like a lot of people haven't called their grandma and grandpa lately. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/grandma_07312006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/grandma_07312006.php Fri, 28 Jul 2006 13:38:20 -0700 My parents never talked about money at home and like so many of us, I had to learn about it on my own, often making youthful mistakes along the way. Take this opportunity with the kids home from school this summer to instill in them your knowledge and values about money. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/summer_07242006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/summer_07242006.php Fri, 21 Jul 2006 13:38:20 -0700 Getting a college education just got more expensive. That's because on July 1, interest rates for federal education loans to students and parents increased by 1.84 percentage points and now range from 6.54 percent to 8.5 percent. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/college_0717006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/college_0717006.php Fri, 14 Jul 2006 13:38:20 -0700 By the summer, many of us have forgotten about our New Year's Resolutions. We've either successfully lost those 10 pounds, or given up until next January. But you still have several months to make good on your pledges, and a whole lifetime to reap the rewards. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/resolution_07072006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/resolution_07072006.php Fri, 7 Jul 2006 13:38:20 -0700 Summer is here and millions of Americans will be taking their annual vacations. There are some simple steps you can take to make sure your vacation lives up to your dreams and doesn't devolve into a fiscal nightmare. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/vacation_06302006.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns/vacation_06302006.php Fri, 30 Jun 2006 13:38:20 -0700