We are so used to thinking of interest as the bad guy. And for good reason. Many of us are paying interest, and when it’s compounded, we are actually paying interest on our interest. When in debt, this situation leads to a rather discouraging state of affairs in which it is difficult to get out [...]
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One of the most debated topics in personal finance is whether it makes more sense to pay your mortgage off early or invest extra cash. There are advantages and disadvantages to both options, and at the end of the day, there may not be one solution that is best for every situation. No matter which [...]
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Exchange traded funds (ETFs) are usually an index based investment that is designed to mimic the index and yield the same return on investment of that index. ETFs are similar to an equity and can be traded on the stock market just like a stock, offering you the opportunity to buy one share, representing multiple [...]
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Sometimes people don’t think about an adverse situation until they see the actual statistics. Cold. Hard. Facts. Identity theft and other forms of theft are uncomfortable to think about, but they are real. And the sooner you realize that identity theft is an equal opportunity nightmare, the sooner you can start taking steps to prevent [...]
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The current financial climate probably means that you have family members and/or friends who could use a little financial help. They might even come to you looking for a little loan. Lending money to family and friends is always tricky, since nothing can destroy a good relationship like a fight over money. If you feel [...]
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Periodically, the Ohio College Advantage 529 Plan offers a sign up bonus when you use their “Refer a Friend” program. This is a great deal for several reasons – first, even though it is an Ohio based program, it is open to residents of any state. The second, is the Ohio College Advantage 529 Savings [...]
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Have you ever wondered how banks can offer higher than average interest rates on savings or checking accounts? Banks are in the business of making money, even if that means taking a loss sometimes. While that might sound counter-intuitive, it often works out well in the long run. Take a look SmartyPig and PerkStreet Financial, [...]
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