Get Financially Fit! | Debt Organized

Are you trying to get out of debt? Start by getting organized. John Agate, Senior Marketing Manager
for Mint.com, shares with us how to get organized in order to pay off or down debt.

Read Full Article

Money Math - Discover the Power of 72

Money Math - Discover the Power of 72

Every young person (and the young at heart) should understand compound interest and the power of 72 before they begin earning, investing and spending.

Compound interest is interest that accrues based on the total balance of principle and accumulated interest. The earlier you start saving, the more you will benefit from compound interest.

Here’s an example of two friends, Grace and Drew, who had different saving strategies. Grace saved $1,000 a year for 10 years, starting at age 25. Drew saved $1,000 a year for 25 years starting at age 40. Both earned the same 8% return. Who ended up with more money at age 65? Grace benefited from her head start and the power of compounding because her $10,000 grew to $157,435.17, whereas, Drew’s $25,000 grew to $78,954.42.

Give Your Student a Higher Education in Credit Cards

Give Your Student a Higher Education in Credit Cards

by Center for Personal Finance editors

Your student might be vulnerable to financial trouble if you don't talk to him or her about credit cards. Without any knowledge of how credit works, your student could easily sign up for a bad deal just to get a free T-shirt.

Make these messages loud and clear to students before letting them fly the nest:

GOBankingRates | 5 Signs You Have a Spending Problem

5 Signs You Have a Spending Problem

By Cameron Huddleston

July 31, 2015

One in five Americans spent more than what they earned in the last 12 months, according to a Federal Reserve Board survey released in May. Some might be relying on credit or dipping into savings to cover their spending because they are having trouble making ends meet. And, some might be simply living beyond their means.

Regardless of the reason your spending exceeds your income, “overspending is harmful because it could be a sign you’re out of control with your finances,” said Leslie H. Tayne, an attorney who concentrates in debt resolution solutions and author of “Life & Debt.” Your overspending might be making it hard to pay bills, have money for emergencies and save for the future. It could also lead to serious consequences, such as bankruptcy.

Here are five warning signs that indicate you are spending too much, how your overspending can hurt you and how to get your spending under control: