Is your house your castle? Or an albatross around your neck?
Your answer might depend a lot on your mortgage. Getting an affordable property at a great rate can make you feel as if life couldn't be any sweeter.
But ask anyone who bought a house with a mortgage they didn't understand and couldn't afford, and they will likely tell you their house has brought them nothing but frustration and tears.
If you'll be in the market for a new place soon, make sure you avoid the following six mortgage mistakes.
Thursday, March 3, 2016
Wednesday, March 2, 2016
Pump and Dump Stock Schemes
Pump and dump stock schemes are a classic form of financial fraud with a long history that stretches back at least to the 1920s, which was an era of booming stock prices and rapidly increasing prevalence of telephones in the homes of ordinary Americans. As the scam was originally conceived and executed, people behind the scheme would place telephone calls touting worthless stocks to total strangers, just going down the list of names and numbers in printed telephone directories. This touting is the "pumping" part of the equation. The "dumping" part of the equation is making a successful sale, unloading the valueless securities on gullible investors.
How to Save Money Fast
During a tough economy or times of trouble, many people need to know how to save money fast. If you have lost your job or have suddenly mounted some unexpected bills, you need to figure out where to cut expenses immediately to redirect money towards essential costs (housing, food) or towards debt. With some evaluation of your budget and some quick action, you should be able save money to bridge your immediate situation but will also learn some valuable lessons in how to save money long-term.
Tuesday, March 1, 2016
4 Common Money Misconceptions About Women
In a decade-long Prudential survey that studied the financial experiences of women, research data showed that since the 2008 financial crisis, women have made significant improvements in their financial behavior. Still, many continue to admit a lack of knowledge and understanding of sophisticated financial products.
That lack of knowledge causes more than 50% of women to rely on someone else to make financial decisions regarding their future. On the other hand, the study dispels several myths about female financial behavior, casting a more positive light on women's money habits.
10 Guaranteed Ways to Retire Rich
Retiring comfortably — never mind wealthy — may seem out of reach to many people, given current savings rates. Consider that median savings accumulated by workers ages 51 through 60 years is $49,000, while the number for people ages 30 through 40 is $30,000, according to professional services firm Towers Watson.
Don't let the statistics scare you. With a little advance planning and self-discipline, you can have a golden nest egg at retirement.
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7 Frugal, Fabulous Alternatives to the Diamond Engagement Ring
Are you engaged? Getting engaged soon? Hoping to get engaged someday? No matter where you are in the process, it's worth thinking about how you want to make the statement.
Many couples are finding that they don't want to go the traditional route of offering the bride-to-be a diamond ring. Some choose something else because they want to make a statement, others because they disapprove of the diamond industry — and even others because they simply like another option better.
If you're considering doing something non-traditional, there are many ways to personalize your engagement and make it stand out from others. Here are some frugal ideas for you.


