Everyone knows that college is expensive, and getting more so every year. This tool will tell you three things: how much money will need for college; how much you will have based on your current savings rate; and how to adjust your plan to pay for four years of college.
Why Short-Term Savings?
By Ann Coleman
Everyone needs some short-term savings. In fact most people need a big pot of it, stashed somewhere safe and easily accessible. By “short-term savings,” we mean the money you’ll need for emergencies and for big expenses you’ll incur over the next three to seven years, depending on your tolerance for risk, volatility, and a market-induced change of plans.
Saving for College
Saving for college can add a few wrinkles to your financial freedom plan. Here are CNN Money’s top things to know about saving for college.
Are you using Quicken?
I have been using Quicken forever. I can tell exact how much my “core assets” are worth at the push of a button. I know how much my gas bill has increased over the past year. At tax time, there is nothing worse than trying to figure out capital gains. With Quicken, you simply push a button and import them into Turbo Tax.
If you have a desire to become Financially Free there are tools of the trade that are essential – Quicken is one.
5 Ways to Destroy your Credit
Source: money.cnn.comÂ
By David Ellis, CNNMoney.com staff writer
July 12 2006: 11:33 AM EDT
NEW YORK (CNNMoney.com) — Taking a wrecking ball to your credit rating is probably best likened to striking a match and burning all of the cash in your wallet.
The concept is simple: a bad credit rating means higher interest rates and ultimately less savings for you. Your credit score, or your FICO score, ranges from the worst possible score of a 300 to a perfect 850, and is determined by such factors as paying your bills on-time, the amount of money you owe as well as the length of your credit history, according to the company Fair Isaac, which runs the scoring system.
But even if you are one of those individuals who is diligent about maintaining your good credit standing, it is still possible that with a few simple missteps you could send your credit score into a tailspin faster than you can say delinquency.
So while closing out those credit card accounts you don’t use or rolling over all your outstanding debt to one card may seem like sensible moves, you might actually be killing your credit rating. Continue reading “5 Ways to Destroy your Credit”