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Posts Tagged ‘financial planning’

Your Life Goals, Are Our Life Goals

If there’s ever a time that “millennials” need cooperatives, it’s now. The last ten years have been quite transformational for this generation of young adults. Younger millennials just graduating college likely saw their parents lose jobs, benefits, and pensions while bank executives lost nothing. According to a study by Filene Research Institute, millennials make about…

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Simple estate planning for everyone

compass

If you think that estate planning is for the rich, you are wrong. While people with many assets definitely need estate planning, so do people of moderate or few assets. Your estate is simply your net worth, or what you own minus what you owe. Estate planning is just a plan for what happens to…

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Be a credit card deadbeat

cash & credit cards

There are two types of credit card customers:  revolvers and transactors.  Revolvers carry a balance from month to month, and are the money makers for credit card companies because they also pay interest, and sometimes late payment fees.  Transactors pay off their balance every month, thus avoiding interest charges and late payment fees. Transactors are…

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Don’t fall for these common money myths

money myth illustration

Even the most battle-tested budget warrior might be making money decisions based on bad information, according to results of a recent survey. Charles Schwab interviewed 998 people to discover their biggest financial misconceptions. A large number of them believed common money myths. In fact, those who described themselves as “savvy” actually were more likely to…

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Credit 101: credit reports and scores

credit score

Do you think that your credit score is only important when borrowing money? Guess again. Your credit score, and its accompanying credit report, is being evaluated not only when you want to take out a loan, but also when you apply for a credit card, get insurance for your car or home, rent an apartment,…

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