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.
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.
“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.
Have you booked a ticket for an airline flight lately? The pricing options for seating, boarding priority and luggage allowed have exploded. It can be time-consuming to figure out the most cost-effective option. It’s all too easy to miss the “old days” when buying a plane ticket didn’t seem to involve so much nickel & diming.
A gentleman in his early 80s came to speak with me. There are valuable lessons in his story for everyone who has a pension, who expects to have a pension or who will never have a pension.
Earlier this year, there was a report in The Washington Post about a teacher in Southern California who called U.S. service members “the lowest of our low.”
Apparently the school district was “deluged by thousands of emails, many from veterans, active-duty troops and military family members.”
Maybe you’ve heard about the new twist on the Microsoft scam. It used to be that an individual would get a call from someone pretending to be from Microsoft trying to get access to that person’s computer.