Too much emphasis has been placed on "building our credit scores" We spend too much time worrying about credit scores and not enough time working on saving money. I don't believe in debt so I made the decision to stop borrowing money. My last credit card was closed in 2006 and I haven't borrowed another dime while we are attacking the mortgage. My credit file is thin, so my score should be low Traditional credit scores are based on credit reports, which you can get free once a year by … [Read more...]

Obtaining a copy of your Credit Report is important, but have you ever looked at your ChexSystems report? Your banking habits are reported in way similar to the way your payment history is reported to credit reporting agencies. This video shows how easy it is to request your FREE ChexSystems report. http://youtu.be/crmPl1hcINA For more details: http://www.knowyourbank.com/blogs/chexsystems/ … [Read more...]

Jeff Rose has started another movement. First it was Roth IRAs, now it's Life Insurance. What is a Movement? What he has done is quickly rally over a hundred bloggers and media writers behind a singular cause: Educate the population about a specific financial subject in mass. With that many posts all being released at the same time it would be hard to miss. If you want to learn more about life insurance from over 100 bloggers then go to … [Read more...]

In personal finance, net worth (or wealth) refers to an individual's net economic position; similarly, it uses the value of all assets minus the value of all liabilities. Sounds like something you need an accountant or Financial Planner for. But you really don't need to make it complicated and learning how to create one is super-easy. Creating a Net Worth List The OWN side: Create a list of everything you own. Jewelry, stocks and bonds, investment and retirement accounts, collectibles, … [Read more...]

Teaching Financial Literacy is one of my favorite things to do. GoBankingRates.com asked me to be a part of their Financial Literacy Tag video series so I had to say "Yes". They wanted an inspiring story or example of how learning about financial literacy changed my life. I don't really have a great story but I did want to share my thoughts about what a brilliant man once said: Compound Interest is the most powerful force of the universe http://youtu.be/bfuxcQMhuSY Month #1: Put $100 into … [Read more...]