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4 Ways Americans Are Getting Smarter About Their Money

The COVID-19 pandemic has inspired some healthy changes in how we think about our finances.

How to track your spending (and why you should)

Recently, an old friend emailed me for help with his family’s financial woes. The confession that followed wasn’t pretty, and included tales of student loans, car loans, unrestrained spending, and empty bank accounts. It was all bad news, which I found rather surprising considering their relatively high income. So, of course, I asked about their fixed expenses. What were they?

We emailed back and forth for quite a while, and he gave a few more details of their situation. For example, their house payment was only around $900. Affordable. Car payments and student loans consumed around $450 each month. Not shocking. Then there were the expenses that everyone must contend with — things like groceries, gas, school supplies, and insurance. It was all rather boring.

Follow the Money Trail

So, what was the problem? This is a couple who easily pulls in six figures and lives in an incredibly affordable part of the country. Their fixed expenses were relatively low, but they were constantly coming up short on funds. Why? Obviously, something was going on, but they couldn’t put their finger on it. And neither could I.

What Do Teachers Do in the Summer? 10 Ideas for Relaxation or Work

Inside: Are you feeling burnt out from your job? Are you looking for ways to relax and rejuvenate yourself? This guide provides…

Read More… What Do Teachers Do in the Summer? 10 Ideas for Relaxation or Work

Mortgage Escrow Fraud: What Homebuyers Need to Know

When you’re buying a home, there are tons of steps you have to complete. One of the more important ones is making your down payment and closing on your home, which occurs when you’re in the final stretch of the homebuying process. This step in the homebuying process is one of the most — if […]

The post Mortgage Escrow Fraud: What Homebuyers Need to Know appeared first on The Simple Dollar.

Chase To Open Sapphire Lounge In Philadelphia International Airport (PHL)

Chase plans to open another Sapphire Lounge in Philadelphia International Airport (PHL). At the moment we know the following: Lounge will be 20,000 square feet Lounge will be located in the Terminal D/E connector No opening date currently, to be announced at a later date This is the 8th Sapphire Lounge announced (IAD, LAS, PHX, SAN, BOS, HKG & LGA), […]

Best Online Brokerage Rankings For 2013

Barron’s magazine recently released their best online brokerage rankings for 2013. Let’s take a look at who came out on top in the different categories.

The post Best Online Brokerage Rankings For 2013 appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Ask GFC 028: Using a Roth Conversion to Minimize the “Widow’s Penalty”

Tax rates for married couples filing jointly are much more generous than what they are for a single person. This can be a problem in retirement when one spouse dies and the other has a sudden increase in their tax liability.

The post Ask GFC 028: Using a Roth Conversion to Minimize the “Widow’s Penalty” appeared first on Good Financial Cents®.

Areas Where Entrepreneurs May Need Life Insurance

Everyone needs to have life insurance. But when you’re a business owner, life insurance needs are much more specific. You may find that you need to have several policies, each designed for a very specific purpose. By working with an individual agent, we will be able to help you obtain quotes from the top life […]

The post Areas Where Entrepreneurs May Need Life Insurance appeared first on Good Financial Cents®.