It is estimated that 3 out of 5 people make New Year’s resolutions each year to save money and only a fraction accomplish those goals. The reason this number is so low is simple. People set unrealistic goals. Saving money is a great goal and achievable for everyone regardless whether you who are living paychecks [...]
Category Archives: Financial Literacy
Tax Changes
We all remember the “fiscal cliff” looming toward the end of December. Well, as we all recall from nonstop media coverage it had been resolved just in time. Now the questions remain what on earth happened? What are the tax changes and will it affect me? The unanswered questions now have an answer. Keep in [...]
Your Credit Score
Many would agree credit is important but too many people have no idea what makes up your credit score. Let’s discuss the components of your score. If you ask someone how to establish credit the answer 90% of the time you will receive is to pay your bills on time. That is correct; however that [...]
Impacts of Credit
All of us have heard that having a good credit score is extremely vital in the United States of America, however many people don’t understand the impact of a bad score. For starters, the majority of us are not fortunate enough to purchase a home or car with cash, so we must resort to taking [...]
Will Cancelling Cards Hurt My Credit Score?
A Money Talks News reader asks… I have a huge concern: My husband and I have pretty good credit: (credit scores) above 750. I decided to apply for (low interest) credit cards that I could transfer balances to and pay off a family vacation. My concern is that I applied to two cards based on [...]
What are my investment options?
Investment Options Mutual Funds Mutual funds are a popular investment vehicle. They do carry a risk; however it is still considered one of the safer investments. A mutual fund is overseen by a professional who will invest in numerous securities. The reason this investment vehicle is one of the safer choices is because of diversification. [...]
Tax Season Has Arrived!
Tax Season Has Arrived It is Tax Season again! By now everyone should have received their documents for taxes. Employers are required to mail out all W-2’s and other tax documents by January 31. Those people who have not opened their tax information yet, keep in mind that there is a deadline of April [...]
Test Your Financial Literacy This April
April 30 Q. True or False: A bankruptcy stays on your credit report for seven years. Answer: False According to the Federal Trade Commission, a bankruptcy stays on your credit report for 10 years and can make it difficult to obtain credit, buy a home, get life insurance or sometimes get a job. By law, [...]
