I used to tell my students that they should share credit reports with any partner they are considering marrying or entering into a long-term relationship. With vehicle and student loan debt so high, you don’t want to be surprised when your financial plans are upended by a spouse’s high debt or bad credit. Whether a…
Month: October 2016
10 BAD Personal Finance Myths
“Though they may seem correct on the surface, these personal finance myths could be costing you a fortune,” writes Sean Williams. 1. I don’t earn enough to save money 2. A penny saved is a penny earned 3. Assets should be allocated based on a set formula 4. Cash is king 5. I have to…
Buy or Lease a Vehicle?
Leasing a vehicle rarely makes financial sense. “A recent report by personal finance site WalletHub discovered that automakers’ finance arms charged 1.45% on average for 36-month car loans from July through September versus a 4.58% annual percentage rate for leases. If you have your eye on a Mini, for example, the 0% finance rate for…
How to Pay for College
Despite presidential campaign rhetoric, it is extremely unlikely that college tuition will be free in the U.S. any time soon (or even in distant future). Remember how much Americans HATE to pay taxes? Taxes are what support our public institutions of higher education. When students complain about minor tuition increases at Utah State (one of…
21st Century wills need to address digital asset ownership
If you use email, Facebook, blogs, Twitter, own Bitcoin, frequent flyer miles, Amazon account, or other rewards programs, youneed to plan for access to and transfer of your digital assets at death or if you become incapacitated. Robert Powell explains how to protect one’s digital assets and allow access to appropriate persons. he explains that…