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 After four years of coping with a stagnant economy, probably the last thing you want to hear is how important it is to sock away money for a rainy day – you already know that. But hear me out, just in case. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0203_AmericaSaves.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0203_AmericaSaves.php Fri, 3 Feb 2012 13:38:20 -0700 As you and your spouse celebrate Valentine's Day over a candle-lit dinner, you may want to avoid romance-killing topics like, "Honey, let's talk about our financial future." But you really should have that conversation sooner rather than later to keep your relationship on a healthy footing. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0127_valentine.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0127_valentine.php Fri, 27 Jan 2012 13:38:20 -0700 For most of us, income tax calculations don't change much from year to year. But thanks to the roller coaster economy of the past few years, many people have undergone major life changes that can have a significant impact – good or bad – on their taxable income and how they should file taxes. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0120_taxStrategy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0120_taxStrategy.php Fri, 20 Jan 2012 13:38:20 -0700 Getting paid to go shopping may sound like a dream job, but buyer beware: For each legitimate mystery or secret shopper opportunity, probably hundreds more are scams. In fact, the National Consumers League (NCL) says complaints regarding fraudulent mystery shopper and work-at-home schemes were up nearly 9 percent during the past six months. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0113_mysteryScam.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0113_mysteryScam.php Fri, 13 Jan 2012 13:38:20 -0700 By many measures, women's lives have changed substantially in recent decades. According to a comprehensive government report called "Women in America" (www.whitehouse.gov/data-on-women), although certain social and economic situations for women have improved, when it comes to personal finances, many women still face challenging hurdles. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0106_womenFinances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2012/0106_womenFinances.php Fri, 6 Jan 2012 13:38:20 -0700 College costs are out of control. Total outstanding student loans hover around $1 trillion, second only to home mortgages. Student loan repayment takes a hefty toll on starting salaries even during good economic times. But with so many recent graduates unable to find a decent job – or any job – repayment can be a nightmare. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1230_studentLoans.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1230_studentLoans.php Fri, 30 Dec 2011 13:38:20 -0700 For the first time since 2009, the IRS has increased the amount people can contribute to their 401(k) and other defined contribution plans. Effective January 1, 2012, the maximum annual contribution grows by $500 to $17,000, thanks to an increase in the Department of Labor's Consumer Price Index for Urban Consumers (CPI-U), a common measure of inflation the IRS uses to determine whether or not to increase dozens of tax-related numbers from year to year. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1223_retirementContributions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1223_retirementContributions.php Fri, 23 Dec 2011 13:38:20 -0700 Despite high-profile media attention, the odds of having your credit or debit card number stolen by crooks remains at historically low levels. That said, it's always good to know what to do in case lightening does strike and someone fraudulently uses your card. Left unchecked, they might try to run up bills, drain your checking account or worse – steal your identity. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1216_stolenCard.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1216_stolenCard.php Fri, 16 Dec 2011 13:38:20 -0700 We've all suffered buyer's remorse – say you buy something you really can't afford or the item's sudden drop in value make it seem, in retrospect, a poor investment. That's what has happened to some people who've taken advantage of IRS rules that allow them to convert a regular IRA or 401(k) into a Roth IRA, only to discover later it may not have been the right strategy. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1209_IRA.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1209_IRA.php Fri, 9 Dec 2011 13:38:20 -0700 Couples who marry as young adults usually don't bring a lot of financial baggage to the table. But what if you're getting married in your 40s, 50s or later – after divorce, children and years of building assets have complicated your economic situation? Do you and your spouse-to-be have a game plan for how to comingle your finances? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1202_lateMarriage.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1202_lateMarriage.php Fri, 2 Dec 2011 13:38:20 -0700 You may not know it, but millions of Americans are owed money from long-forgotten government payments, stock sales, bank accounts and other lost accounts. When the entities holding these funds can't find the rightful recipients, they turn over the money to individual states, which hold it in escrow until claimed. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1125_lostMoney.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1125_lostMoney.php Fri, 25 Nov 2011 13:38:20 -0700 Reaching your 70th birthday is cause for celebration. But thanks to our quirky tax code, a potentially more important milestone arrives six months later. IRS rules say that you must begin taking required minimum distributions (RMDs) from your IRAs and other tax-deferred retirement accounts beginning in the year you reach age 70 ½. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1118_IRAwithdrawals.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1118_IRAwithdrawals.php Fri, 18 Nov 2011 13:38:20 -0700 Each year, roughly one-third of American households itemize deductions on their federal income taxes. If you're among that group, there are a several important actions you need to take by year's end in order to take full advantage of available deductions. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1111_charitableGiving.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1111_charitableGiving.php Fri, 11 Nov 2011 13:38:20 -0700 Life insurance has no one-size-fits-all option. Singles with no dependents often need little or no coverage. But it can be an important purchase for people whose families depend on their income to cover daily living costs, mortgage repayment, college, retirement or other major expenses. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1104_insurance.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1104_insurance.php Fri, 4 Nov 2011 13:38:20 -0700 It's tough sticking to your budget any time of year, but the holiday season presents special challenges with so many unexpected expenses and temptations. If you sometimes fall prey to holiday overspending, you might want to look for year-round small spending cuts in other areas of your life that, when added together, can result in big savings. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1028_holidaySpending.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1028_holidaySpending.php Fri, 28 Oct 2011 13:38:20 -0700 The other day I got one of those annoying emails from a supposed Nigerian prince promising rich rewards for helping to move money out of his country. It's hard to believe those kinds of scams are still thriving, but they are. In fact, according to a recent survey conducted by the Consumer Federation of America, fraud (including fake checks, bogus sweepstakes and work-at-home schemes) is now among the top 10 consumer complaints received by consumer protection agencies. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1021_checkScams.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1021_checkScams.php Fri, 21 Oct 2011 13:38:20 -0700 If you haven't already jumped on the home energy-efficiency bandwagon, the good news is that several federal energy tax credits originally slated to end in 2010 were extended through December 31, 2011; but the not-so-good news is that these credits are worth significantly less and are more restrictive than before. All is not lost, however, since several additional credits (outlined below) remain in effect through 2016. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1014_energy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1014_energy.php Fri, 14 Oct 2011 13:38:20 -0700 If you're enrolled in Medicare, mark these dates on your calendar: October 15, 2011 - December 7, 2011. That's Medicare's 2012 Open Enrollment period - and you should note that it occurs a month earlier this year than in the past. Aside from exceptions made for a few special circumstances, this is the only period when current enrollees can make coverage changes for the coming calendar year. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1007_medicare.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/1007_medicare.php Fri, 7 Oct 2011 13:38:20 -0700 Admit it: You probably spend more time comparison shopping online than reviewing your annual benefits enrollment materials. That's a big mistake because the money you could save by choosing the right employee benefits package probably far exceeds any savings you could get on a big-screen TV. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0930_flexSpending.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0930_flexSpending.php Fri, 30 Sept 2011 13:38:20 -0700 If you've got a high school senior, your household is probably knee-deep in senior-year activities – and expenses. Not to elevate your stress level, but this is probably a good time for you and your kid to start investigating how you're going to finance college next fall. Seriously. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0923_studentLoans.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0923_studentLoans.php Fri, 23 Sept 2011 13:38:20 -0700 According to Gail Cunningham, spokesperson for the National Foundation for Credit Counseling, we live in a credit-dominated society. "Without a checking or savings account," she says,"it's difficult to cash payroll, Social Security and unemployment checks; you need a credit or debit card to shop online, book a flight or rent a car; and you may be forced to carry large amounts of cash to pay bills." http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0916_prepaidcards.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0916_prepaidcards.php Fri, 16 Sept 2011 13:38:20 -0700 I wish I had learned about the power of compounding a long time ago. As a kid I walked dogs in the neighborhood, earning $5 a week. If I'd started investing that weekly $5 from age nine until 65, it would have grown to $254,000, assuming an 8 percent return. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0909_compounding.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0909_compounding.php Fri, 9 Sept 2011 13:38:20 -0700 It's not uncommon to feel overwhelmed by the sheer number of important decisions we need to make concerning retirement accounts, investments, college savings and other complicated financial issues. That's one reason more and more people turn to professional financial advisors to help them navigate an increasingly complex economic world. And it's not just the wealthy who require these services; many middle-class families are turning to outside financial advice as well. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0902_financialplanner.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0902_financialplanner.php Fri, 2 Sept 2011 13:38:20 -0700 Many people suffered blows to their credit scores during the unstable economy of the last few years, whether because they missed payments, exceeded credit limits or, more seriously, experienced a home foreclosure or even bankruptcy. Is this a big deal? Absolutely. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0826_creditscore.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0826_creditscore.php Fri, 26 Aug 2011 13:38:20 -0700 You can scarcely turn on the TV without seeing ads for reverse mortgages. They're touted as a great tool for cash-strapped seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren't right for everyone, so it pays to do your homework. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0819_reverseMortgage.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0819_reverseMortgage.php Fri, 19 Aug 2011 13:38:20 -0700 The days when you could send your kids off to the first day of school with a lunchbox and a hug are long gone. Today's back-to-school preparations likely include filing out piles of pre-enrollment paperwork, lining up carpools and, of course, the dreaded shopping excursions for clothes and school supplies. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0812_school.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0812_school.php Fri, 12 Aug 2011 13:38:20 -0700 You're probably weary of being reminded to take precautions against identity theft, but here's a wrinkle you may not have considered: Identity thieves have broadened their reach by harvesting children's dormant Social Security numbers (SSNs) and using them to illegally obtain jobs, credit accounts, mortgages or car loans and much worse. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0805_protectKids.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0805_protectKids.php Fri, 5 Aug 2011 13:38:20 -0700 One indicator our economy is still hurting is that more and more people are postponing retirement. According to the Department of Labor, those over 55 and still working have increased steadily since the recession began - 28.9 million at last count - and some surveys show more than a third of employees expect to work past age 70 or never retire. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0729_retirement.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0729_retirement.php Fri, 29 July 2011 13:38:20 -0700 Kudos to the millions of "sandwich-generation" Americans. These exhausted souls spend their time and money caring for and supporting not only their own children (and sometimes, grandchildren), but their parents as well. It's no wonder that so many people caught in this situation have trouble paying their bills and saving for retirement. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0722_parents.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0722_parents.php Fri, 22 July 2011 13:38:20 -0700 If you've ever fallen far behind on paying your bills, you know what it's like to dread whenever the phone rings: What if it's another bill collector? Ignoring the call – like ignoring a toothache – is never a good idea. Sooner or later, you're going to have to deal with the situation. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0715_debt.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0715-debt.php Fri, 15 July 2011 13:38:20 -0700 Budgets are like diets: No single approach works for everyone; overly complicated plans rarely work for long; and sometimes it takes a few tries before you get it right. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0708_budgeting.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0708_budgeting.php Fri, 8 July 2011 13:38:20 -0700 Nervous investors have faced many challenges over the last few years searching for safe havens. That's one reason many turn to annuities to ensure a steady stream of retirement income. But with so many types of annuities offered – and complex rules, fees and restrictions – it's not uncommon for investors to buy products not ideally suited to their needs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0701_annuities.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0701_annuities.php Fri, 1 July 2011 13:38:20 -0700 One common misconception among many people who rent their homes is that they are covered under their landlord's insurance in case of an accident, burglary, or other disaster. Let me dispel that myth: Landlords typically only insure the building and any fixtures they own, so renters are responsible for lost or damaged possessions. And, if someone has an accident in your apartment, you're liable. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0624_rentersInsurance.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0624_rentersInsurance.php Fri, 24 June 2011 13:38:20 -0700 Next time you're tempted to lecture your kids about wasting too much time on video games, first check out which games they're playing - it turns out they may actually be learning important life lessons. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0617_games.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0617_games.php Fri, 17 June 2011 13:38:20 -0700 If you - or one of your kids - are about to graduate from college or high school, congratulations on successfully navigating the twists and turns of the education system. You don't need me to tell you what a challenging, rewarding and expensive road it has been. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0610_graduates.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0610_graduates.php Fri, 10 June 2011 13:38:20 -0700 With Father's Day upon us, dads everywhere are gearing up for an avalanche of gifts and "I love yous" from their spouses and kids. If you really want to return their affection, think about what you can do to protect your family financially. All it takes is a little organization and learning how to correctly allocate your resources. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0603_fatherAdvice.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0603_fatherAdvice.php Fri, 3 June 2011 13:38:20 -0700 We're forever warning teenagers to be careful online – don''t reveal personal information to strangers, avoid scams, report bullying behavior. The same advice may be appropriate for grandma and grandpa as well. Seniors are the fastest-growing segment of new Internet users, as they've discovered email, online shopping and banking, social networking, traveling planning and other online conveniences. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0527_internetScams.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0527_internetScams.php Fri, 27 May 2011 13:38:20 -0700 If you're lucky enough to win a multimillion-dollar lottery, you don't need this column; you need a team of legal and financial experts to make sure you don't blow your chance for lifetime financial security. But if you receive a considerably smaller monetary windfall, whether a tax refund, divorce settlement, inheritance or work bonus, there are actions you can take to positively impact on your current financial situation. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0520_windfalls.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0520_windfalls.php Fri, 20 May 2011 13:38:20 -0700 Parents, if your high-school senior is about to graduate, you have my heart-felt congratulations - and my sympathy. As your checkbook can attest, this has been an expensive year and it's not over yet. You're probably still facing senior prom, graduation gifts and many other expenses. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0513_stickerShock.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0513_stickerShock.php Fri, 13 May 2011 13:38:20 -0700 To paraphrase Yogi Berra, when it comes to gas prices, this is like déjà vu all over again. Instability in Africa and the Middle East, among other factors, has driven up pump prices to levels we haven't seen since the summer of 2008. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0506_vacation.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0506_vacation.php Fri, 6 May 2011 13:38:20 -0700 I learned lots of valuable information in high school, but one subject that wasn't on the curriculum was personal financial management. We didn't learn how to balance a checkbook, why budgeting is important or how credit card interest works, among other life lessons. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0429_financialLiteracy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0429_financialLiteracy.php Fri, 29 April 2011 13:38:20 -0700 Mother's Day is May 8. In addition to traditional gifts like candy and flowers, consider spending a few hours helping your mom organize her financial, legal and medical records so she - and you - know where she stands. Being prepared will make it much easier to take appropriate actions should an issue ever arise. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0422_moms.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0422_moms.php Fri, 22 April 2011 13:38:20 -0700 One of the most valuable financial lessons you can share with your kids before they leave the nest is to explain what interest rates are and how they work. The important financial transactions they'll conduct as adults will likely be affected in some way by interest rates, whether as a lender or a borrower. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0415_kidsInterest.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0415_kidsInterest.php Fri, 15 April 2011 13:38:20 -0700 I wouldn't trade the experience of raising my two kids for anything, but I must admit that when my wife and I started planning our family, we had no idea how expensive it would be. According to a Department of Agriculture report, a typical middle-income family will spend over $280,000 in inflation-adjusted dollars to raise a child born in 2009 until age 18 - and that doesn't even include prenatal care or college costs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0408_baby.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0408_baby.php Fri, 8 April 2011 13:38:20 -0700 Each spring, millions of Americans look forward to receiving a hefty income tax refund. And it truly is "hefty" with the average federal refund in 2010 hovering around $3,000. That';s a lot of money to be giving the government through what is essentially a year-long, interest-free loan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0401_taxes.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0401_taxes.php Fri, 1 April 2011 13:38:20 -0700 I'm the last person to cast aspersions on anyone who procrastinates, given my own occasional lapses in that area. I'll leave it to the self-help gurus to supply behavior-modification techniques. What I will say, however, is that procrastination can be a very costly habit. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0325_procrastinators.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0325_procrastinators.php Fri, 25 March 2011 13:38:20 -0700 Talk about a stampede: The first wave of Baby Boomers begins turning 65 in 2011, which means they'll soon be tapping Social Security retirement benefits, if they haven't already. If you're a Boomer and haven't yet investigated how this program works, this may be a good time to learn the ropes. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0318_SocialSecurity.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0318_SocialSecurity.php Fri, 18 March 2011 13:38:20 -0700 How often are you asked to sign something? I don't mean autographs or birthday cards, but legally and financially binding documents - everything from endorsing a check to signing a sales receipt to buying a house. Either way, they're all contracts. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0311_Contracts.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0311_Contracts.php Fri, 11 March 2011 13:38:20 -0700 Nobody likes being nagged, but I'm going to risk reader displeasure by reminding everyone that there are hefty financial consequences if you owe income taxes and do not file a return on time - or at least request a filing extension. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0304_taxDeadline.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0304_taxDeadline.php Fri, 4 March 2011 13:38:20 -0700 Before the housing crisis, it wasn't uncommon for people to raid their home-equity piggybanks to pay off bills. Plummeting home values and tougher lending standards helped curb that practice, leading some people to engage in a far more disturbing habit: borrowing or withdrawing money from their retirement accounts to cope with financial hardship. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0225_retirement.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0225_retirement.php Fri, 25 Feb 2011 13:38:20 -0700 When it comes to insurance, many people face the Goldilocks dilemma: Am I buying too much coverage, not enough, or just the right amount? How do you determine your proper insurance levels while ensuring you don't waste money on unneeded coverage - or worse, leave your family exposed? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0218_Insurance.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0218_Insurance.php Fri, 18 Feb 2011 13:38:20 -0700 Reentering the civilian workforce after a career in the armed forces can be challenging even during the best of times. But with today's economic uncertainty and high unemployment rates, retiring and discharged military personnel may need extra help to develop a game plan and manage their personal finances during that transition. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0211_Military.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0211_Military.php Fri, 11 Feb 2011 13:38:20 -0700 So many expenses, so few dollars saved. That's the dilemma faced by millions of Americans - everyone from struggling college students to young families saving for a down payment to baby boomers approaching retirement. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0204_AmericaSaves.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0204_AmericaSaves.php Fri, 4 Feb 2011 13:38:20 -0700 Chances are you or someone you know have been laid off recently. Being unemployed is difficult enough, but in a cruel twist, the longer you're out of work, the harder it can be to find a job. And, when work does finally materialize, it's often a lower-paying position. This double whammy can damage your finances for years to come. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0128_layoffs.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0128_layoffs.php Fri, 28 Jan 2011 13:38:20 -0700 If you've tried to take out a loan or open a new credit account recently, you know that the days of easy credit are long gone. Lenders, insurers, landlords and even some employers are more diligently scrutinizing your credit history to see if you're a worthwhile risk. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0121_credit_costs.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0121_credit_costs.php Fri, 21 Jan 2011 13:38:20 -0700 Between holiday shopping bills now coming due, increased winter heating bills and the upcoming income tax season, many people are feeling the pinch. Your best bet for getting back on track is probably to trim expenses. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0114_belt_tightening_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0114_belt_tightening_tips.php Fri, 14 Jan 2011 13:38:20 -0700 If someone gave you a $50 bill, you probably wouldn't just stick it in a drawer and forget it. But that's essentially what happens to billions of dollars worth of gift cards each year - people either lose or forget about them, or never use up their balances. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0107_giftCards.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2011/0107_giftCards.php Fri, 7 Jan 2011 13:38:20 -0700 You'll probably hate me for bringing this up, but it's time to begin planning for your 2011 taxes - or at least, about the tax implications of your retirement account contributions. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1231_retirement.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1231_retirement.php Fri, 31 Dec 2010 13:38:20 -0700 If you dread making New Year's resolutions because you're afraid you'll fall short, take heart: One minor setback doesn't mean having to write off the rest of the year. You'll probably have more success if you start out with small steps and gain momentum as you go, whether it's losing weight, lowering debt or boosting retirement savings. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1224_resolutions.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1224_resolutions.php Fri, 24 Dec 2010 13:38:20 -0700 The Patient Protection and Affordable Care Act President Obama signed on March 23, 2010, set in motion a wide range of healthcare reforms. Although many of its more sweeping changes won't be fully activated until 2014, several key elements already went live, effective September 23, 2010. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1217_healthcareReform.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1217_healthcareReform.php Fri, 17 Dec 2010 13:38:20 -0700 When Ben Franklin famously wrote, "An ounce of prevention is worth a pound of cure," I'm pretty sure he wasn't warning his readers about the perils of cyber crime. But in today's world of phishing, shoulder-surfing and computer spyware, his advice hits home. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1210_cyberSecurity.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1210_cyberSecurity.php Fri, 10 Dec 2010 13:38:20 -0700 If your preteen child hasn't hit you up yet for a cell phone, you're among a rare breed indeed. Studies have found that roughly 70 percent of 11- to 14-year-olds now use cell phones. Closer to home, our 10-year-old has been hounding my wife and me for months to get his own phone. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1203_cellphones.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1203_cellphones.php Fri, 3 Dec 2010 13:38:20 -0700 My wife decided to upgrade her dinosaur cell phone to a 'smartphone' and enlisted my help. Initially, we ran into the brick wall of decisions smartphone shoppers frequently face: How to choose among hundreds of available phones, pick the right service provider and predict which calling and data plan and other options would best fit her needs without breaking the bank? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1126_smartphone.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1126_smartphone.php Fri, 26 Nov 2010 13:38:20 -0700 At this time of year, many people overindulge, whether it's overeating or drinking too much at holiday parties or spending too much on gifts and decorations. You'll regret the former the next morning; but with overspending you may not feel the hangover effect until the bills come due in January. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1119_holiday_spending.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1119_holiday_spending.php Fri, 19 Nov 2010 13:38:20 -0700 Today's tough economy has been doubly hard on non-profit organizations that rely on charitable contributions. Many people feeling the pinch have had to cut back on their donations; and because so many are out of work, charities that assist low-income families are being swamped just when their funding has been reduced. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1112_charities.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1112_charities.php Fri, 12 Nov 2010 13:38:20 -0700 For many, mid-November through New Year's Day is a blur of activity when important tasks get ignored. Who has time to review their benefits and tax paperwork when holiday planning looms overhead? http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1105_tax.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1105_tax.php Fri, 5 Nov 2010 13:38:20 -0700 Drew Brees' list of accomplishments is long and impressive: New Orleans Saints quarterback. Super Bowl XLIV MVP. Devoted family man. And now, financial literacy champion. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1029_ff.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1029_ff.php Fri, 29 Oct 2010 13:38:20 -0700 When faced with overwhelming debt, many people don't know where to turn: Should they file for bankruptcy, consolidate their debts into one loan or try to settle with creditors for less than they owe? Each approach can be fraught with difficulties and expense if you don't know what you're doing, but inaction is probably the worst course. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1022_debt_settlement.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1022_debt_settlement.php Fri, 22 Oct 2010 13:38:20 -0700 Wouldn't it be nice if, after decades of hard work and saving, you could retire without worrying about paying taxes? Alas, that'll probably never happen. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1015_retirement_taxes.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1015_retirement_taxes.php Fri, 15 Oct 2010 13:38:20 -0700 Some people go into business for themselves so they can call their own shots; others turn to self-employment after falling victim to today's chronic unemployment rates. But before hanging out your shingle, recognize that you'll be responsible for many things your employer once managed, such as providing insurance, payroll deductions to pay taxes and maintaining your retirement account. You'll either have to spend time on these tasks or pay someone else to do them. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1008_self_employ_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1008_self_employ_tips.php Fri, 8 Oct 2010 13:38:20 -0700 In the coming weeks, millions of Americans will receive 2011 employee benefit open enrollment materials. Yes, it's a pain to wade through all that information, but simply opting for your current coverage could prove to be a costly mistake. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1001_benefits.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/1001_benefits.php Fri, 1 Oct 2010 13:38:20 -0700 As with all challenges in a marriage, often what starts as a small issue can fester and grow into a large problem, given enough time. It's not surprising that after being together a few years, some couples realize that the financial quirks they initially found amusing or simply ignored in their spouse now dominate their marital disagreements. In fact, money issues tend to top the reasons for divorce. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0924_marriage_finances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0924_marriage_finances.php Fri, 24 Sep 2010 13:38:20 -0700 Millionaires can probably skip this column. Most likely they've already got a team of financial professionals advising them about the best ways to pass along their wealth. For the rest of us, however, a quick refresher course on how the IRS treats gifts might prove helpful. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0917_gift_tax.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0917_gift_tax.php Fri, 17 Sep 2010 13:38:20 -0700 A friend of mine recently realized his mother needed help managing her finances when he found her closets filled with oddball purchases like jalapeno jelly beans and Betty Boop bobblehead dolls. "It was pretty clear that telemarketers were taking advantage of her friendly nature to sell her junk she didn't want or need," he said. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0910_parents_finances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0910_parents_finances.php Fri, 10 Sep 2010 13:38:20 -0700 Sometimes I miss the days before cell phones, email and voicemail. Sure, they've simplified our lives in many ways – remember how frustrating it was trying to reach people before answering machines? On the downside, though, not only do we often feel compelled to be accessible 24-7, but it's expensive. After factoring in Internet service and cable or satellite TV, you might be paying thousands of dollars a year to keep your family wired and wireless. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0903_phone_bills.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0903_phone_bills.php Fri, 3 Sep 2010 13:38:20 -0700 Even in a strong economy, divorce is often difficult and costly; but in a prolonged recession, it can be financially devastating. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0827_divorce_finances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0827_divorce_finances.php Fri, 27 Aug 2010 13:38:20 -0700 If you've ever paid a penalty for sending in your credit card payment late, the following news might spark your interest: On August 22, 2010, the Federal Reserve Board implemented the third and final stage of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009, which fundamentally changes how credit card agreements now operate. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0820_credit_card_law.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0820_credit_card_law.php Fri, 20 Aug 2010 13:38:20 -0700 In the past few recessionary years, most of us have gotten used to closely watching our expenses for everything from child rearing to college to retirement funding. Another important area where comparison shopping makes sense is funerals. Yes, funerals. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0813_funeral_planning.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0813_funeral_planning.php Fri, 13 Aug 2010 13:38:20 -0700 Thanks to cherished family traditions like birthday celebrations and presents from Santa and the Tooth Fairy, today's children are often bombarded with gifts from an early age. In fact, many kids begin cashing in on their baby teeth before they've even grasped the concept of what money is and where it comes from. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0806_tooth_fairy.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0806_tooth_fairy.php Fri, 6 Aug 2010 13:38:20 -0700 When I was growing up, car manufacturers made a big deal each fall about unveiling next year's models, literally shrouding them in secrecy under tarps in print and TV ads until the launch date. Car-crazy dads would then rush down to the dealer for a test drive. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0730_buy_a_car.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0730_buy_a_car.php Fri, 30 Jul 2010 13:38:20 -0700 If you've got teenagers heading off to college soon, I hope you've done a good job educating them about the importance of personal financial responsibility and how to build a strong credit history. If not, better do it now. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0723_college_credit.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0723_college_credit.php Fri, 23 Jul 2010 13:38:20 -0700 State and local government budget cuts have taken their toll on practically every public service, including school districts. As parents, you're probably already being asked to contribute more and more to fund your children's classroom and extracurricular activities. That means when it comes to personal budgeting, we've got to do more with less. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0716_back_to_school.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0716_back_to_school.php Fri, 16 Jul 2010 13:38:20 -0700 Recently, a man stepping off a curb near my office was struck and killed by a passing bus. Only 49, he clearly had many productive years ahead. Reading about it reminded me how quickly unexpected accidents can turn your family upside down, and how vitally important proper planning is. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0709_update_docs.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0709_update_docs.php Fri, 09 Jul 2010 13:38:20 -0700 My wife recently enrolled in graduate school, so like millions of other Americans we've paid close attention to news about student loan programs. One recent example: A key component of the Health Care and Education Reconciliation Act will result in several significant modifications to the how federal student loans are offered and processed. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0702_student_loan.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0702_student_loan.php Fri, 02 Jul 2010 13:38:20 -0700 Senior citizens and others living on a fixed or low income know how difficult it is to make ends meet, especially when costs for essentials like health care, food and energy increase faster than their sources of income. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0625_senior_tips.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0625_senior_tips.php Fri, 25 Jun 2010 13:38:20 -0700 My wife and I survived two major home remodeling projects and we've got the battle scars to prove it. Like most people feeling cramped for space - thanks to two growing children in our case - we weighed the plusses and minuses of remodeling versus moving to a larger home. Because we live in a great neighborhood with strong local schools, we ultimately decided to stay put and remodel, but everyone's case is different. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0618_home_remodel.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0618_home_remodel.php Fri, 18 Jun 2010 13:38:20 -0700 Tax credits and tax deductions are two common ways people lower their income tax bills. Although similar in intention, these two tax-reduction methods have fundamental differences and are not interchangeable. Knowing the difference can have a big impact on your bottom line. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0611_tax_credits.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0611_tax_credits.php Fri, 11 Jun 2010 13:38:20 -0700 With millions of American schoolchildren starting summer vacation, cries of "I'm bored" will soon ring out across the nation. Swimming lessons and trips to the mall can fill only so many hours. Before you give up and hand over the TV remote, consider some activities that can be productive, safe and fun for kids of all ages. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0604_kids_summer.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0604_kids_summer.php Fri, 04 Jun 2010 13:38:20 -0700 Ever since Individual Retirement Accounts were introduced in the 1970s, the numbers of tax-advantaged retirement savings options - and participants - have continued to grow. One relatively new alternative that's gaining popularity is the Roth 401(k) plan. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0528_roth_401k.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0528_roth_401k.php Fri, 28 May 2010 13:38:20 -0700 For those reentering the job market after decades of employment, you should know that the rules have changed considerably since you were last looking for a job. Fifteen years ago, online job sites were in their infancy; now thousands of sites post millions of jobs every year and they're the most widely used and practical job-hunting tool available. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0521_job_serach.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0521_job_search.php Fri, 21 May 2010 13:38:20 -0700 With wedding season right around the corner, a lot of soon-to-be brides and grooms are frantically nailing down their wedding and honeymoon plans. Before you marry and mingle your finances, be sure to carve out time for some candid conversations about your respective credit histories, your savings and spending philosophies, and your long-term financial goals as a couple. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0514_financial_ido.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0514_financial_ido.php Fri, 14 May 2010 13:38:20 -0700 This is the time of year when many people finalize their summer vacation plans - confirming travel and lodging reservations, dusting off suitcases and looking for games to occupy the kids on long road trips. Just be sure that when your brain goes into vacation mode, you don't ignore the same precautions you take during everyday life to protect your personal information. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0507_vacation_planning.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0507_vacation_planning.php Fri, 7 May 2010 13:38:20 -0700 Mother's Day provides the perfect opportunity to celebrate your love and appreciation for the moms in your life. So buys flowers and make dinner reservations, or whatever your custom is. But before too many days pass, schedule a "reality check" conversation about personal finances to make sure your mother is covering all her financial bases. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0430_moms_finances.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0430_moms_finances.php Fri, 30 Apr 2010 13:38:20 -0700 Considering how frequently many people move, switch jobs and change their names, it's not surprising that state treasuries and other agencies are sitting on more than $33 billion in unclaimed assets. That doesn't even include billions of dollars in unredeemed U.S. savings and treasury bonds and undeliverable federal income tax refunds. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0423_lost_accounts.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0423_lost_accounts.php Fri, 23 Apr 2010 13:38:20 -0700 For many people, 2009 was a bumpy ride. Although the economy is slowly rebounding, times are still tough for those dealing with significant financial issues such as unemployment, lack of health insurance or foreclosure. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0416_etiquette.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0416_etiquette.php Fri, 16 Apr 2010 13:38:20 -0700 This is the season for income taxes - and income tax refunds. According to the IRS, nearly 78 million people received federal tax refunds in 2009 averaging $2,705. If you're one of those folks, it may be tempting to think of your refund as a gift; but in fact, you've essentially been giving the government an interest-free loan for the past year. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0409_tax_refund.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0409_tax_refund.php Fri, 9 Apr 2010 13:38:20 -0700 In a major crisis, our first impulse is to address people's immediate needs. With the Haiti and Chile earthquakes, that meant providing food and shelter to the victims. In the case of the recent economic recession, the government stepped in by extending unemployment insurance, providing COBRA subsidies and promoting mortgage refinancing guidelines, among many other programs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0402_Summit.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0402_Summit.php Fri, 2 Apr 2010 13:38:20 -0700 Raising a family is challenging, even under the best circumstances. For those with special needs children, however, the emotional - and financial - stakes are raised dramatically. Medical bills and specialized care often far outweigh normal costs. http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0326_specialNeeds.php http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatters/columns_2010/0326_specialNeeds.php Fri, 19 Mar 2010 13:38:20 -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