Save Money While In College

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It’s September and that means back to school.  College is the most expensive school and while paying those college bills, you are probably wondering whether it is really worth it, so consider this:

College graduates, on average, earned 56% more than high school grads in 2015, according to data compiled by the Economic Policy Institute.

Read more from  USA Today

With two college students of my own, saving money while in college is a topic of interest to me, so I’ve written many posts about saving and paying for college, including how to save money while in college.  So today, I’m going to point you towards those posts that are very timely for this new school year.  Continue reading

Preview the Video That Saves You Money

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Preview the book that saves you money, pays for itself, and answers your financial questions.  I now have a video that quickly summarizes how my book, the Financial Guide to Life, helps you save, manage, invest, and spend your money.  View my YouTube video.  A book can pay for itself by saving you money, improving your investing, and getting you on the road to financial security.  You signed up at my website; now checkout my video and book:  paperback or ebook.

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Retirement Savings for Women

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Retirement savings for women presents several issues women should be aware of early in their savings endeavors.  Most important is how earning less and living longer has implications for retirement.  On average, women live more than five years longer than men, which means that they need enough retirement income to last longer.  Additionally, they are more likely to be living alone at some time in their retirement.  This makes preparing for their own retirement income even more important while potentially facing more hurdles.  Women may be in and out of the work force more often, contributing to lower life-time earnings and less likely to be vested in company pension plans.

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Websites to Save Money

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Take advantage of websites to save money (besides this one).  I am constantly on the lookout for useful websites that save you money and you will find many throughout my book and blog posts.  Here are some recent finds.

https://wallethub.com/edu/credit-card-extended-warranty-study/25686/  – Most credit cards will extend the warranty of items you buy with their Card. This article provides useful information on taking advantage of this perk.  This is a much better option than paying for one of those extended warranties often offered by websites before you checkout.

https://www.joinhoney.com/ – I have often urged you to take advantage of coupon codes to get a discount when shopping online (http://www.financialguidetolife.com/?s=coupon+codes&submit=Search ) . Honey.com takes this a step further by automatically applying the “best” code for you without you having to remember to search.  It is an extension you add to your browser and is one of the relatively few extensions that work with Amazon.

https://www.momondo.com/ – My favorite website for the widest search for airline tickets.  There are many good websites that search airline tickets, some with more features, but this one seems to do the most thorough search.  But remember that some airlines like Southwest don’t appear in aggregators, so you should search their website directly.

Financial Issues for Women When They Marry

Let’s continue our series on special financial issues that may especially affect women.  When people marry, they still maintain a separate credit rating.  This will now be affected by accounts that are maintained separately as well as co-signed together.  When married women choose to apply for credit, they can do so under their maiden or married name.  Having a strong credit rating is not only important for getting joint or separate credit while married, but may be needed again if the marriage ends.

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Dealing With the Loss of a Spouse

When someone loses a spouse, he or she deals with intense feelings of grief. Despite this emotionally trying time, the widow or widower is left with a laundry list of things to complete, including creating a new budget, cancelling accounts, collecting benefits, and more. Having someone to help complete this list while dealing with the death of a spouse can be a lifesaver for anyone who is mourning, especially a senior.

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Financial Issues Women Face

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This article begins a new series on the special financial issues that women may face (but men will find it useful, too).  These special financial issues women face may include marriage, being out of the work force for child rearing, widowhood, and on average living longer than men.  All women need to be informed about the full range of financial issues.  Nearly all women will need to be financially independent at some point in their life when starting out, divorced, widowed, or having never married.  Let’s being with earnings.

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Four Advantages for Seniors Who Buy a HUD Home

Today’s guest post is from Jim Vogel at ElderAction.org who discusses four advantages for seniors who buy a HUD home.

If you are a senior who is in the market for a new home, you should consider buying a HUD home. HUD homes are those that were purchased using an FHA loan that then fall into foreclosure. While buying a HUD home is a little different from purchasing another type of foreclosed home, it is a fairly simple process that you can do on your own or with the help of a real estate agent. There are several advantages to buying a HUD home for seniors, and we highlight a few of them below.

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Investment Advice Time Horizon

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Stocks Go Up

In the wake of the recent stock market volatility, this post provides the most important investment advice you need to know.  First, remember that what goes up must come down.  Stock markets go both up and down.  This is easy to forget when markets have tripled since the recovery from the Great Recession began in 2008-9.  This rise has been even more pronounced since the latest Republican administration took office and promised massive tax cuts primarily to businesses and did in fact almost halve the corporate tax rates.  Based upon previous corporate tax cuts, most economists and investors assumed that most of the corporate tax cuts would be passed along to investors in the form of dividends and stock buy-backs which caused the U.S. stock markets to soar.

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