Would you marry someone who is $700,000 in debt? That was the question du jour on Money 911 this morning. To see what we told the caller — plus tips on switching banks and avoiding fees — check out the video clip below.
Men’s Health magazine recently teamed up with ING Direct to survey more than 2,500 men to find out whether or not they’re fiscally fit. The survey revealed that many of the men polled did not have an emergency fund — in fact, they barely have one month’s living expenses stored away! Men’s Health editor Dave Zinczenko and I sat down with Kathie Lee and Hoda to talk about this problem, as well as how to get on a better savings track. To hear our tips, check out the video clip below.
For the first time ever, the outstanding balance of student loans in the U.S will reach $1 trillion this year. As tuition prices have soared, families are struggling to keep up — and are often taking on a higher debt load than they should. This morning on Today, I spoke with Savannah about the value of a college degree, and offered up some simple rules of thumb for borrowing. To see our conversation, check out the video clip below.
Can you afford to retire? The Wall Street Journal did a study and found that among people who are 60 to 64 years old, 40% still have mortgages. This is double the number from 15 years ago, and these mortgages are more expensive than 15 years ago, too. To hear more on the subject — plus for some tips on making retirement more affordable — check out the video clip below.
This morning on Today‘s Money 911, we spoke to a woman whose daughter is working a part-time job, but it’s not enough to cover the cost of college. To see what we told her — as well as how to set a budget, pay off multiple credit cards and improve your credit score — check out the video clip below.
The interest rates we are seeing on mortgages now are extremely low — historically low, even. While refinancing might seem like a no-brainer, there are certain factors you need to consider before heading to the bank to refinance. To see the litmus test you should use before refinancing (hint: your credit score is a factor!), check out my segment from this morning’s TODAY Show:
This morning on Money 911, we spoke to a woman whose portfolio is 60% stocks and 40% bonds — but she’s nervous about the market’s volatility. What did we tell her to do? For the answer to her question, plus advice on whether or not to opt out of a credit card rate increase, check out the video clip below.
By now, I’m sure you’ve heard about Bank of America’s decision to charge customers $5 per month for using their debit cards — and BOA is not the only one. Chase and Wells Fargo are testing $3 charges, and Sun Trust instituted a $5 charge in the summer. This morning on Today, I spoke with Matt Lauer about how to avoid some of these rising fees.
Filing for bankruptcy can be a difficult thing: it provides a blank slate, but it can also be tough to start anew. This morning on Money 911, we talked about what you can do to rebuild after bankruptcy. We also addressed paying off law school loans vs. 401(k) contributions and how to overcome a bad credit report. To hear our tips, check out the video clip below:
Is it ever too early to start contributing to a 401(k)? I say no way — the sooner, the better! This morning on Today‘s Money 911, we took questions from a few young workers who wanted to know all about investing in the stock market and beginning 401(k) contributions. To see what we told them, check out the video clip below.