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Reverse Mortgages

There is much talk in the finance world about a supposed new service called the reverse mortgage which is designed to ease the burden on seniors when they are a homeowner. While at first glance a reverse mortgage appears to be the answer to a retired homeowner’s financial dreams, there are those who would have everyone believe that they are not a good idea. In reality, they can be both good and bad just like many other financial arrangements but their popularity has been a long time coming considering they have been available since 1961. (Continue reading…)

If you are interested in learning what it will take to cease foreclosure proceedings you will have to the knowledge that will be required in order to do so. In all honesty, the timeline for foreclosure is different from state to state, but there are similarities. If you are a homeowner it would be in your best interest to fully understand and know the wholeforeclosure process, not only the timeline for foreclosure. Many homeowners lack knowledge or are completly uninformed, or even misinformed. This unfortunate lack of understanding can wind up being devastating. (Continue reading…)

One of the largest problems folks have with money is knowing what to do with it. Though you may think that not having enough to pay the bills is something that happens when you purely don’t make enough money, you should know that this is usually only half of the novella. There are plenty of folks out there that make more than enough, but they spend their money in all the wrong places. Their financial management skills are no good, or none existent. This many times over comes from parents who had the same problems. We learn by example. (Continue reading…)

This is a 9 minute video about credit repair. If your credit is a mess, watch and learn. A clean credit rating makes life much easier.

Credit Repair Facts and Fallacies

There are more and more statistics being released annually about the number of retired persons that we are going to have in our country within the next few years. Of course this has to do with the baby boomers reaching the age of retirement. Many people retire from their careers at any early age and then take a part-time job doing something else. Most people enjoy these part-time jobs because it gives them a few extra dollars and it gets them out of the house. (Continue reading…)

It’s become an issue of central attention that the majority of today’s high school graduates don’t know how to balance a checkbook. Perhaps we shouldn’t wonder why this is so. Practical skills, such as knowing how to balance a checkbook, aren’t emphasized in the school room, yet by the absence of such knowledge, kids are falling into poor credit scores and a whole bunch of hassles as a result. Such a modest exercise can wreak havoc with both kids and adults who never learned how to balance a checkbook. Here’s the foolproof method on how to balance a checkbook and keep your finances straight. (Continue reading…)

Just a few decades ago, personal financial planning was something only geeks and wealthy people did. Today, everyone knows it’s a necessary talent we should all acquire. Most of the major television networks now have some softhearted of regular programming devoted to the topic of our money and individual financial planning. These segments are educational, but a great many baby boomers are sorely lacking in an effective personal financial program that will cover them in aged age. So now they’re playing catch-up, trying to mend those years of neglect. This being the case, it makes sense that our kids should be exposed to the fundamentals of personal financial planning while they’re still in high school, so they don’t go down that same road. (Continue reading…)

Personal financial management can be hard for some people, especially when we get mixed messages about immediate satisfaction and what we should own. Most of us have to have things that aren’t really necessities, and depending on how much we make, that can be a huge problem. Some are very good about spending their money where it should be spent, and others need help. If you don’t seem to have the skills to help yourself in this area, you should see if you can find some financial management software to give you a head start on controlling your finances. (Continue reading…)

I wrote postings about poor people and their food/ and grocery shopping over at Grandpa Richard Speaks. Here is a follow up to the grocery posting. (Continue reading…)

The standard system of banking and paying routine bills has changed dramatically since the Internet has come into the picture. While the old-school process of bill paying generally consisted of receiving electric, gas, water, credit card, student loan and insurance bills through snail mail, now days you have a selection. You no longer have to grapple with monthly envelopes, paper statements and stamps. The World Wide Web has introduced us all to a much more suitable method of paying bills electronically. So if you presently don’t pay bills online, you should really reconsider. It’s not only easier, it’s safer as well.  (Continue reading…)