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Personal Finance

Banks Fined $5.7 Billion Over Fraud and Abuse

May 21st, 2015

News broke after the end of trading on Wednesday that banks from all over the world would be punished with massive fines for their part in manipulating the FOREX foreign currency exchange. In addition to FOREX, some of the banks were also guilty of LIBOR rate fraud. Multiple federal and international regulatory bodies found them … READ MORE

The Basics of a Long Term Care Insurance Policy Coverage

January 30th, 2015

“Long term care” (LTC) refers to services and supports which help people with chronic medical conditions, illnesses, or disabilities on a daily basis over an extended period of time. It can be expensive and can easily exhaust your assets if you don’t plan ahead with long term care insurance (LTCI). Long term care insurance helps … READ MORE

The Costs of Long Term Care and How You can Pay

January 30th, 2015

Long-term care (LTC) services and supports offer a wide range of options which aim at addressing the prolonged health care needs of everyone. However, along with these services and supports come high costs. While there are public programs that help some people pay for such expenses, there are options that also help pay for long … READ MORE

Is an MBA in Finance Worth it?

January 16th, 2015

I graduated college last year with decent grades in economics, and I have an entry level investment firm job. I’d like to advance my career with an MBA in Finance, but my parents aren’t convinced this is necessary, so I need good reasons why MBA Finance degrees make sense. Financial managers are those who are … READ MORE

Is It Worth Purchasing a Car on Finance Alone?

January 16th, 2015

I just got a new job and need to buy a car to commute. Fortunately, I have enough saved to be able to buy either a used car or a new car on finance. The used car would cost considerably less, is the new car worth buying? The answer depends on whether you prefer to … READ MORE

Pitfalls and Strategies for a New Investor

January 16th, 2015

I have only recently come into enough money to begin investing, how can I avoid the pitfalls that a new investor might fall into and what kind of strategies do you recommend for a new investor? Knowing what strategies to use and avoiding pitfalls for a new investor does not need to be difficult. The … READ MORE

What is Investment Interest?

January 16th, 2015

I recently bought a bond for the first time ever, what I’d like to know is how does investment interest work and how can I start collecting? Basically, you most likely bought your bonds in some type of brokerage or other financial account, if the bond is a bearer bond, which means that the bond … READ MORE

Flat vs. Variable Finance Rates

January 16th, 2015

My husband and I plan to buy a house in the next few months and I would like to know the difference between flat vs. variable finance rates. Choosing between flat vs variable finance rates can be a crucial part in any major purchase such as a house or an automobile. Prevailing interest rates and … READ MORE

Are 0% Finance Cars Legit or a Scam?

January 16th, 2015

My neighbor works at a car dealership and said that the dealership was offering 0 finance cars, is this a scam or legit? It depends what you consider a scam. Some people might consider it a scam because these offers generally contain hidden financing costs. Car dealers are notorious for taking advantage of their customers, … READ MORE

Should You Check Your Accountant’s Work?

January 16th, 2015

My wife and I own some income property between us and have operated a real estate management firm for a couple of years. We have used the same accountant in that time and we want to be sure he’s doing a good job. My question is, how do we do a finance check or an … READ MORE

Tips to Find a Good Investor

January 16th, 2015

I came up with a great idea for a website business and need some money to get it off the ground. Could you please tell me how do you find investors? The easiest and most accessible funding option for most people is an affluent relative or friend who could extend a loan for you to … READ MORE

When to Finance vs. Purchase

January 16th, 2015

I got into a heated discussion with a co-worker today, could you settle a disagreement please? The reason for the disagreement was: if a person had enough money to buy a new car or anything for that matter, why finance? A number of reasons exist for a person to finance a vehicle or other property … READ MORE

Where to Invest?

January 16th, 2015

My wife and I have been saving our extra money for a long time and would like to make some investments with it. I’d like to know where to invest? The answer to your question really depends on how much money you plan to invest, the return you expect on your money and the amount … READ MORE

How Can I Invest in Gold?

January 16th, 2015

I have accumulated some funds that I would like to invest and I think that gold is likely to appreciate over the coming years. What I would like to know is, how can I invest in gold directly, and how can I invest in gold using other investment instruments? Basically, various methods exist to invest … READ MORE

Money Market Account vs. Savings Account

January 5th, 2015

When choosing the right bank account for you two of the options that will present themselves are money market accounts and savings accounts. This article will highlight the differences and assist you in making the best decision when it comes to a money market account vs. a savings account. Savings Account A savings account at … READ MORE

Pre-Approved vs. Pre-Qualified

January 5th, 2015

With many debt instruments, be they home loans or credit cards, the terms pre-qualified and pre-approved are often attached with promotional materials and communications sent. The meaning of the two terms can be quite different, and this article will explain the difference between pre-approved and pre-qualified. Pre-Qualified Being pre-qualified for a loan or a credit … READ MORE

Checking Account vs. Savings Account

January 5th, 2015

When setting up an account at the bank one of the first questions you will have to answer is whether you would like a checking account or a savings account. Both accounts come with different features and it’s important to understand them before deciding on a checking account or a savings account. Checking Account A … READ MORE

Medicare vs. Medicare Advantage

January 5th, 2015

Approaching health insurance options can be a very difficult process for anyone. While most know that they will qualify for Medicare after 65 there is also Medicare Advantage available, and determining which is best for you can be important. This article will explain the differences and when it is important to choose between basic Medicare … READ MORE

Economics vs. Finance

January 5th, 2015

Economics and finance are two separate disciplines that are closely intertwined and can both influence each other. This article will help with understanding the difference and also assist those looking at choosing between pursuing a degree in economics or finance. Economics Economics itself is a social science that studies production, consumption, and the distribution of … READ MORE

Tax Credit vs. Tax Deduction

December 31st, 2014

When aiming to lower your overall tax bill, as a business or as an individual, the two main mechanisms are tax credits and tax deductions. They are treated differently, however, and this article will help you clearly understand the difference when it comes to a tax credit vs. a tax deduction. Tax Credit A tax … READ MORE