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Unless working on paying down high interest debt, you should strive to have about three to six months of living expenses saved in an “emergency fund.” The purpose of an emergency fund is to avoid turning to credit cards to pay for speed bumps and potholes in your finances.
Where you keep this emergency […]

Financial experts recommend keeping about three to six months, even up to 12 months, of living expenses in a risk-free savings or money market account.  The purpose of this “rainy day fund” is to help you survive a financial catastrophe such as losing your job, needing unexpected roof replacement, or large medical bills.  The […]

We all know the importance of checking your credit report regularly to look for errors and signs of identify theft. You get a free credit report every year from AnnualCreditReport.com. But once a year is quite a long time between credit checks! You really should check your credit report more frequently.
There […]

MTV is looking for people between 18 and 26 years old who “have ended up with credit card trouble.” (Watching too much MTV can do that to you!)
Could they be creating a new reality show, The Biggest Saver? Who knows. Here are the details:
E-mail mtvnews@mtvstaff.com with your name, age, location, occupation, […]

Now that they control the U.S. Congress, the Democrats are attempting to reduce the interest rates for subsidized federal Stafford loans and to increase Pell Grant awards. The interest rate for federal student loans opened in 2006-07 is 6.8%. The Democrats propose cutting the interest rate in half, to 3.4%, gradually over […]