Personal Finance Archives

Term life insurance basics

Term life insurance basics

No one likes to think about death. And almost as bad, life insurance. There are much more enjoyable things to plan for: vacations, retirement, a shiny new car! The problem is, procrastinating on that life [...]

Debt: Okay or not okay?

Debt: Okay or not okay?

Debt is generally seen as a bad thing, and it makes sense that people would feel this way. Debt can screw up your finances for a long time. But is debt sometimes okay? Here’s [...]

Why your kid needs a Roth IRA

Why your kid needs a Roth IRA

Don’t you wish you started saving for retirement when you were 12? While retirement probably wasn’t something we were thinking about back then (I was probably still thinking about this), it sure could [...]

Beware the penalty APR

Beware the penalty APR

When you’re shopping for a loan, it’s always important to compare the Annual Percentage Rate (APR) of various loan offers. However, when you’re shopping for a credit card, there’s another ate [...]

NY Fed: Household debt exceeds peak reached in 2008

NY Fed: Household debt exceeds peak reached in 2008

The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 trillion – $1.2 trillion (in [...]