Everyone knows that credit score affects one’s ability to purchase a home. Higher credit scores mean lower mortgage interest rates. Many consumers have low credit scores as a result of unpaid medical expenses. These derogatory entries on a consumer’s credit report can affect a credit report, undesirably, by 100 points or more.   The current FICO model fails […]

Giving your kids an allowance is a great way to teach them about being financially responsible and how to save for the future. There are two main schools of thought about giving an allowance to kids…  they have to work for their allowance (chores) or an allowance is given without any stipulations, but extra money […]

Many of us know that we will have to help out our kids financially, but few of us have ever given thought to the real possibility that one day our parents may need financial help as well. Often times recently retired parents, with work finally over, begin to live the lifestyle they feel that they […]