Personal finance expert Suze Orman often speaks about the importance of “expecting the unexpected,” and she’s right.
Of course, sometimes people face disasters no one could have seen coming or planned for. But things such as higher property tax bills, “emergency” dental surgery, significant veterinarian bills for pet operations and car repairs are among the common “unexpected” expenses everyone runs into sooner or later.
Continue reading Smart About Money: Should people be required to have cash reserves?
Right now, Experian and FICO are offering what they call “credit score boosting” programs, Experian Boost and UltraFICO. Both are free and supposedly could help an individual increase their credit score by about 10 to 40 points.
There are reports all over the internet which might lead you to believe that the credit score boosts are the best thing since sliced bread. But actually it’s not that simple.
Continue reading Smart About Money: Credit Score Boosts – a great idea or not-so-much?
There are many ways that you can first become aware that you have become a victim of Identity Theft. No matter how it happens, you’re probably going to be angry, alarmed, frightened, confused and concerned.
Most people’s first questions are, “How did this happen to me?” and “Why did this happen to me?”
Continue reading Smart About Money: When the victim of Identity Theft is … you!
It’s called phone spoofing. It’s rampant. It’s all too easy to fall for. And basically it means that to protect yourself, you cannot believe what you see on your Caller ID. Ever.
Continue reading Smart About Money: Alert! You Can’t Believe What You See On Your Caller ID
While it is generally not a good idea to co-sign a loan for an adult friend or family member who may have well-known problems managing their finances, co-signing an auto loan (or apartment lease) for a son or daughter is a different situation. Should you do it? The answer is … it depends. It depends on the child. It depends on the car or apartment. It depends on the parent.
Continue reading Smart About Money: Should a parent co-sign on child’s car loan?
There’s something you’re paying for that you’re not getting your money’s worth on. You know exactly what it is because it’s the first thing that’s coming to mind as you’re reading this.
Continue reading Smart About Money: Quit something today!
“Should I co-sign a loan for a family member or friend?” is a question bankers hear all the time. It’s a common request and you may choose to co-sign. But before agreeing, you need to be absolutely clear about the risks you’re taking when you co-sign.
Continue reading Smart About Money: Should I co-sign a loan?