With each passing week, my Credit.com Debt Diet participants get savvier and savvier about paying off their debt. This week, one learned the psychological benefits of paying off bills as they come, rather than in one chunk at the end of the month. Another learned to break her goals into smaller steps so it’s easier to see the progress. For more on what they’re learning and how they’re doing, see what the Debt Diet participants are blogging about this week.
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.
As my Debt Diet Challenge participants are learning, the fable of the tortoise and the hare has never been more true: slow and steady wins the race. When you’re staring at a mountain of debt, it can be difficult to think that there will ever be an end in sight. But small, steady progress will get you to where you need to be. To hear more about the ups and downs of the Debt Diet process, see what the participants are blogging about this week!
New regulations from the Federal Reserve and Federal Trade commission require lenders to reveal the reasons behind a decision to deny an extension of credit or an interest rate — including the credit score used to make that decision. What exactly does this mean for consumers? Check out my latest New York Daily News column, where I tell you how to understand and take advantage of this new rule.
Interest rates are as low as they’ve ever been, and Ben Bernanke, chairman of the Federal Reserve, has said they’ll remain that way until mid-2013. This morning on Today, I talked about what this means for car loans, HELOCs, and CDs — and how you can benefit from these low rates. To see these tips and more, check out the video clip below.
This morning on the Today show, we talked about the pros and cons of renting to own, as well as what to do when your credit card company closes your credit card. For these tips and more, check out the video clip below.
This morning on Today‘s Money 911, we talked about you can start investing — as well as what to do when there has been fraudulent activity on your credit card. For these tips and more, check out the video clip below.
