Category: Managing Your Money



Mistakes First-Time Homeowners Make

Q: My husband and I have been renting an apartment since we got married. We recently decided to buy our first home. Some friends of ours had lots of trouble with the process, and wound up buying a house they can’t really afford. We don’t want to go through what they did. What can we do to buy our dream home without all that grief?
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Feeling stuck in your car loan? Might be time to shop around!

Some bills can’t be changed. For other bills, though, a little legwork can make a big difference in your monthly payment. Your car payment is a great example. Refinancing your vehicle loan can lead to a lower monthly payment, a shorter payment term, or both! It depends on various factors, including the value of your vehicle, how much you owe, and your credit standing. Continue reading “Feeling stuck in your car loan? Might be time to shop around!” »




Should I Make a Balance Transfer?

Q: My credit card bills are a mess. I pay so much in interest every month and I don’t seem to be lowering my debt. I’m considering a balance transfer to an interest-free card. Is this a good idea? Continue reading “Should I Make a Balance Transfer?” »



Man working on kitchen renovations

Best Way to Finance a Home Improvement Project

Q: I’m doing some home renovations this summer and I’m not sure how to finance this expense. There are so many loan options, but which one makes the most sense? Continue reading “Best Way to Finance a Home Improvement Project” »




New Cars vs. Used Cars

Q: I need a new set of wheels and I’m wondering if it’s better to spring for a new vehicle or to go the cheaper route and buy a used vehicle. What do I need to know about each kind of purchase? Continue reading “New Cars vs. Used Cars” »