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Personal Finances | Planning

Plan Your Financial Future Now

making a budgetThe best way to prepare for your financial future is to have a budget that you can follow and adjust as you work through each month. There are many doable ways to put together a budget, but all entail gathering the best information you can from your past financial records.

Using Past Expense to Predict Future Expenses

Both checking accounts and credit card records provide a good place to start. For most families, housing expense is the largest and most important expenditure. These expenses include mortgage or rent, utilities, taxes, insurance, and maintenance.

Mar 17, 2020
Refinance Your Mortgage Now
Rates are lowest in history.
Save thousands of dollars on your mortgage by refinancing while interest rates are low. Many homeowners have already begun the process because saving money is more important than ever. Us this online mortgage application to get started on your plan to save money. More info...

Mar 17, 2020
Refinance Your Car Loan
Save money
Saving money on expenses is more important than ever. You can save money on your car loan by refinancing. Lenders will refinance your loan at no cost to you and you can save thousands over the course of the loan. Don't wait, apply now. More info...

Mar 17, 2020
Need Money During this Crisis?
A personal loan can help.
You might need some money to carry you through this Coronavirus crisis. Apply for a personal loan at a low-interest rate and get the money you need to buy groceries and pay bills. More info...

Mar 12, 2020
You�re Retired. Should You Rent or Buy Your Home?
By Susan B. Garland
In 2015, after her husband died, Merrily Hardisty decided she no longer needed the space or the maintenance hassles of their four-bedroom house in Bethesda, Md., a Washington suburb. Like many older people who downsize, Ms. Hardisty faced another decision: Should she buy a new place or rent one?

Ms. Hardisty moved two years later to a condominium community not far away, but instead of buying a unit, she rented a three-bedroom. When her lease expired, Ms. Hardisty, 75, signed a three-year lease on another apartment, with two bedrooms and a den, in the same complex. She moved in December and pays $2,950 a month plus electricity.

A comparable condo in the community runs close to $550,000, plus a monthly maintenance fee of $1,300 and about $500 a month in property taxes. Ms. Hardisty said she preferred to invest her take from the sale of her house � roughly $500,000.

Her rent is covered by income from the investments, a survivor pension from her husband�s government job, Social Security and profits from the sale of unimproved lots her husband owned. The extra cash she reaped from the sale also allows her to pursue her retirement dreams: travel overseas and a planned Disney cruise with her daughter and son, their spouses and her two grandchildren.

More info...

Mar 12, 2020
Investors Nervous About Coronavirus Ask: Should I Put My 401(k) in Bonds?
Ann Carrns
One personal finance question asked widely online recently was: �Should I put my 401(k) in bonds?�

Well, some � but not the whole enchilada.

If you�re a young investor, and even if you�re anxious about the effects of the coronavirus pandemic, most of your 401(k) should be invested in stocks, with a smaller share in bond funds � mutual funds or exchange-traded funds that invest in a mix of bond types. More info...

Mar 12, 2020
Working from home? 7 smart tips to help you get more done
by Lindsay Tigar
As I write this, I�m sitting in my home office in the South End neighborhood of Boston. Since I�m self-employed, this is where I report to work every morning�usually around 8 a.m., or a little later, if I decide to treat myself with something from Starbucks, a short two-minute walk from my apartment. Though work-from-home professionals like myself only make up an estimated 3.4% of the workforce, that figure is about to change dramatically. As the world reacts to the spread of coronavirus, many companies are shifting to remote work. More info...

Mar 12, 2020
Buying A Fixer-Upper: Eight Things To Consider Before Making An Offer
Corey Burr
Buying a fixer-upper can be a smart choice for homebuyers who are looking for a deal. With low housing inventories in many areas around the country, it can help you reduce upfront costs and stay within your budget. But before you make an offer on a home that needs work, there are important things you should keep in mind. More info...

Mar 10, 2020
Refinance Your Car Loan
Interest Rates Lowest in History
Record low-interest rates make this the perfect time to refinance your car loan. If you got your car loan through a dealer, you are probably paying at least 7%. Lenders are now offering less than 3%. Find your next car loan by comparing four offers from hundreds of desperate lenders who want your business. Car loans have an average life of about three years so car loan lenders have to continuously replace paid off car loans with new loans. Thus they will make you the best offer they can for your car loan. More info...

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