Monthly Archives: January 2010

Reverse Mortgages Pros and Cons.

pros and cons of mortgage

Learning about reverse mortgages can get pretty confusing. There are many details you should get acquainted with when decided if this is the option for you. First and foremost, I would check with my home insurance company as well as legal counsel, but I  will point out some of the pros and cons of a…

New Rules Forcing Banks To Offer New Accounts With New Fees

Banks are rolling out accounts with new features and fees. According to the New York Times, they are trying to replace revenues that are expected to be lost when new regulations take effect. You can read the entire article at the New York Times.

Piggybacking Can Boost Or Hurt Your Credit Score

Adding an authorize user to your credit card account is a way to boost the credit score of someone with less than perfect or no credit history. The technique is also called “Piggybacking” and can be a double edge sword, if either the account holder or the authorize user fail to make payments. First let…

Teaching Kids About Money Early

I have mentioned a few time about how most of us were never taught money management at a young age. So I wanted to talk about teaching your child how to manage their finances. Since I do not have children and hate talking about things I have not experienced first hand, I will point out…