Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and data security company. “Education information is really sensitive, […]
When it comes to your money, don’t make these 8 money mistakes. Here’s what you need to know and what to do instead. 1. Not creating an emergency fund An emergency fund is the safety net that you need in place before disaster strikes. At a minimum, you should save 6-9 months (preferably longer) of cash […]
If you’re worried about making ends meet in retirement, you’re not alone—around half of Americans feel the same way. As data from my research team at the New School’s Retirement Equity Lab shows, as many as 40% of older workers could face downward mobility in retirement. But if retirement insecurity is such a widespread and systemic issue, why […]
The time is still right to refinance your mortgage, especially if you bought your home within the last two years, said Mortgage Bankers Association CEO Robert Broeksmit. That’s because home loan interest rates are at their lowest point since 2016, Broeksmit said Wednesday on CNBC’s “Squawk on the Street.” Mortgage rates are down about 1.25% […]
Most of us have been told that when it comes to debt, it’s best to avoid it altogether You’ve heard it everywhere: Aside from a major purchase, like a home, if you can’t pay cash for something, then you can’t afford it. Of course, that’s easier said than done. Consumer debt rose to $4.05 trillion […]
Americans aren’t exactly known as strong savers, which explains why so many live paycheck to paycheck. But in a survey by the CFP Board released earlier this year, 48% of U.S. adults aren’t saving any money for retirement. And that’s disturbing, because while Social Security will provide some income for bill-paying purposes, those benefits aren’t […]
Your college major has a huge impact on the size of your paycheck later on. Pharmacy majors earn a median salary of $100,000, while music majors make $36,000. Flower fan? Botany majors typically earn $50,000. A new ranking by personal finance website Bankrate.com orders majors by the median income and unemployment rates they lead to. […]
Perhaps it’s time for a refresher on the financial etiquette of eating out. Yes, splitting a check is okay. No, you should not shame someone for how much he or she leaves as a tip. Let’s start with asking for separate checks. If I’m eating out with a large group, I always ask the server […]
Just when you think you have it all figured out, life throws you a curve ball. Recently, Sarah Wilson, who lives in College Station, Texas, and blogs at GoBudgetGirl.com, hit the emergency trifecta: a computer repair, an unexpected $500 medical expense and the all-too-common pricey car repairs. Recalling the time when she still had debt […]
As Labor Day nears, it’s inevitable that the lengthy list of school supplies your child needs for the first day will creep up on you — and back-to-school shopping can easily become one of the highest yearly expenses for some parents. Fortunately, Inside Edition recruited Miko Love — the Budget Mom — to break down […]
This isn’t your mother’s or grandmother’s retirement. If you’re a woman in your 50s, the chances are greater than ever that you’re not married, either because you’re divorced or because you’ve never walked down the aisle, according to a recent study from the Center for Retirement Research at Boston College. The research took a look […]
You think you are facing a retirement finance crisis? Consider the millennial generation, those born between 1981 and 1996. Starting this year they became the largest living generation in the U.S. Compared with their dismal retirement finance prospects, those currently in or close to retirement would seem to be living on Easy Street. At least […]
