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Moneyline Blog

  • Avoiding a Financial Holiday Hangover

    It is easy to hand the store clerk your credit card when doing your holiday shopping because it is probably done in the spirit of being generous. However, when the holiday bills start rolling in, it is not the sweet spirit of generosity that hits you, but rather the bitterness of buyer’s remorse that can overwhelm you.

    Make a list
    Decide before you head for the mall exactly who you plan on buying a gift ...

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  • Teens and Money, Part 2: Credit Cards and Teens

    Credit cards are not just for adults anymore – in fact, one third of all American teenagers are cardholders. However, because it is so easy to get into financial trouble with that little piece of plastic, it is very important to learn how to use it before ever uttering those first magic words: “charge it!”

    What is credit?
    When you pay for something with a credit card, you are borrowing money from the issuer (bank, ...

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  • Using Home Equity

    Using the equity in your home to pay off unsecured debt can be a financially pragmatic decision. Low annual percentage rates, tax-deductible interest (check with your tax preparer), and a single monthly payment can make second mortgages extremely attractive. The money you extract from your home can be used for home improvements, investments, and paying off high interest consumer debt.

    Second mortgages come in two basic forms: home equity loans and home equity lines of ...

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  • Life Stages: How to Manage Your Finances Throughout the Years. Part 2

    Continuing our topic from our last blog entry…

    40's
    • As your income grows, look for investments and savings plans that shelter some of it from taxes.
    • Use a retirement planning software program or see a financial planner to figure out exactly how much you'll need to have saved to maintain your lifestyle in retirement.
    • Step up personal and employer-sponsored retirement savings accordingly.
    • Review your investment allocation and make sure you are ...

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  • Financial Crisis: How to Spread Cash among Creditors

    Overspent during the holidays? When faced with a drastic money shortage, many people have trouble making crucial financial decisions. Angry phone calls from creditors are sure to turn stress levels on high – and can greatly impair one’s ability to think straight. This, however, is the most important time to get it together and prioritize.

    Child Support Payments
    The repercussions for falling behind on child support payments can be astoundingly harsh. Not only may your ...

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