January, 2010

What’s Your Emergency?

From savings dilemmas to FICO scores, the Money 911 team is there to help you through your money emergencies! Watch the video below to see how we tackled your questions this morning on Today. Do you have a money question you need answered? Click here to submit it!

Visit msnbc.com for breaking news, world news, and news about the economy

Helping Haiti

In light of the recent earthquake in Haiti, millions have taken to donating dollars to help relief efforts. This morning on Today, Meredith Vieira and I went over some of the best ways to make sure your money is helping those in need. Watch the video below.

Visit msnbc.com for breaking news, world news, and news about the economy

Sell Yourself: Cooking Up Profits

iStock_000006262266XSmallLast week, we talked crafting.  But maybe you don’t know how to sew, aren’t a graphic designer by any means, or couldn’t knit if your life depended on it.  Maybe what you do really, really well is pie.  Or cookies.  Or fantastically decorated birthday cakes for friends and family members.

I have a good friend who falls into the cake category.  Her creations are incredible, and they pop up at every party.  She made a salted caramel layer cake for my birthday, and I haven’t gotten it out of my mind since.  She’s constructed robots, porcupines, even hamburgers out of cake, and I’ve nudged her to make it her career again and again.  The question is, can she sell these labors of love?  Can you sell yours? More…

Entrepreneur Fridays: CitySlips

8731_837442795769_823791_48356806_4572115_nWHO: Susie Levitt and Katie Shea

WHAT: CitySlips – portable, emergency footwear for the well-heeled woman!

WHEN: 2009

HOW: At 5’ 2”, I can appreciate the sentiment Katie Shea and Susie Levitt felt during their summer internships in New York City. A long day in stilettos can be pretty trying on the toes – but they’re just too good to give up entirely! “Between corporate internships, subway dashes, dinner dates and the NYC social scene, there were too many moments where we found ourselves hobbling, near tears, back to our Union Square apartments,” says Levitt. The solution seemed simple enough: find a pair of flat, comfortable “commuter shoes” that could be tucked into a tote while at work. “But after we scoured the market for emergency footwear,” says Shea, “we were left empty-handed.” More…

How to Get the Most Out of Your Strategic Shopping Savings

clipping couponsCheck out my article on CouponMom’s blog — see what you can do with all the money you save by using coupons while you shop!

Also, while you’re there, be sure to enter CouponMom’s most recent giveaway — a copy of my new book, Money 911, to three lucky readers! Be sure to check back often – you can get lots of great money-saving coupons every day from CouponMom at couponmom.com!

3 Recession-Friendly Lessons Worth Learning

wowowow2
Crossing out recession and writing recovery.Listening to last week’s jobs report, I had the same feeling that I get when I hear someone is very ill, or worse, someone died. There seems to be nothing appropriate to say. There seems to be little in the form of words that could help tactically, or even provide a bit of comfort.

That’s because, as U.S. Labor Secretary Hilda Solis aptly put it, this is a “stubborn” recession. The unemployment number stayed below 10 percent, but only because 929,000 individuals are so discouraged they’ve stopped looking for work. It’s now taking seven months on average to find a job.

So today, I have no advice on redoing your résumé, no push to spend more time networking live or on Facebook. Instead, I spent a little time talking with Erin Bried, author of the new book How to Sew a Button: And Other Nifty Things Your Grandmother Knew. In researching her new volume, More…

Ask Jean Thursday: Don’t Sell Yourself Short

iStock_000007157769XSmall

My boyfriend and I are looking to relocate from Chicago to San Diego as soon as possible. The new position will offer a 5% increase in salary to begin with and yearly raises in salary after that. The only problem is that my boyfriend owns a condo that he owes approx. $120,000 and is only worth about $80,000. We are considering doing a short sale to get rid of the property. My boyfriend is the only person that owns the home and his credit is what would be affected. He recently checked his FICO score which is 725. He is currently not late with any mortgage payments, or any payments for that matter. My questions are how will it realistically affect his credit and is the short sale our best option to rid ourselves of this house?

- Beth, Illinois

Here’s the downside of a short sale:  Your credit rating will likely suffer.   A short sale can take it down by 75 to 125 points.   The bank will report the account closed to the credit bureaus as well as the fact that the loan was not paid in full.  You can try to negotiate with the bank so that it will report a more positive scenario to the bureaus (this does happen) but make sure that you get it in writing.  Why is this important? More…

Student Loan Solutions, Credit Card Changes, and More on Money 911

Today on Money 911, we followed up with a viewer looking for a new student loan repayment plan, described some of the changes credit card companies may be making this year, and discussed how to best use your savings to your advantage. Take a look!

Visit msnbc.com for breaking news, world news, and news about the economy

Mortgage Modification: Is it Right for You?

If you’re worried about what changes 2010 might bring to your mortgage, check out the segment below. Today’s real estate contributor Barbara Corcoran and I discussed President Obama’s 2009 Home Affordable Modification Program, and what it means for your mortgage payments.

Visit msnbc.com for breaking news, world news, and news about the economy

Is Winter Weather Freezing Your Finances?

This morning on NBC, I talked about how rising gas prices might impact your family’s budget this winter — and some tips to help you stretch your budget and save throughout the season.

Visit msnbc.com for breaking news, world news, and news about the economy

Newsletter

Jean tells you what the week's headlines mean for YOUR wallet.

Interested in Jean's previous newsletters?

Ask Jean a Question

New! Score Builder

Better credit in 120 days, powered by Smart Credit

New! The Debt DietTM

Become debt free on $10 a day with this online program that works with your readiness to change.

Not YOUR Parents' Money Book

I believe knowing how to manage our money is one of the most important life skills for adults - and even more important to pass on to our kids.

Money 911

A reference guide for money issues that has been carefully indexed so you can flip to the section you need and absorb the information.

Pay It Down

In this updated edition, I give you up-to-date strategies to help you get out of debt within three years.