Should You Cosign for a Student Loan?

As a parent, you want to help your kids out, especially when they are starting college. After all, you want them to get their education, and cosigning for a student loan may seem like a great way to support them.Generally, if you have good credit, choosing to cosign on a student loan can give your kids access to better interest rates. But, there are risks when you become a cosigner too, so you shouldn’t automatically jump in.To help you decide if you should cosign for that student loan, Read more [...]

When Is It Financially Time for Your Adult Kids to Move Out?

Many parents want their adult kids to move out, but aren't quite sure when the time is right. Some choose to allow their children to remain at home while they complete their college education or begin their careers. While this can certainly let their kids get a solid financial footing under them, figuring out precisely when they should move out isn’t always easy.Even if you are open to providing some level of monetary support to your kids, that doesn’t mean they need to stay in your home Read more [...]

Can I Use My 401(k) to Pay for My Child’s Education?

Let’s face facts; college is expensive. No parent wants to see their child saddled with thousands upon thousands of dollars in debt, or sacrificing decades of financial well-being to repay it. Student loans are a serious burden; one that I’m sure you’d do anything to help them avoid.Since many parents of college-aged children have been contributing to a 401(k) for many years, it can be tempting to use some of those funds to help pay for their child’s education. If you are considering using Read more [...]

Should You Be More Bullish?

Most people are bullish about the stock market right now. Some would argue that means it's actually a good time to pull back on equities rather than get even more bullish.It's hard not to notice how well the stock market has been performing -- some have argued that 2017 was a record year for the markets, while others who've been around longer say that it's the strongest performance since the dot-com boom.So does this strong performance mean you should take a more aggressive stance in your Read more [...]

How To Stick To a Frugality Plan

Frugality becomes its polar opposite if you can't sustain the practice. Get too ambitous about cost cutting and you might have a hard time adhering to it long term. Set your sights on something more realistic -- like the following suggestions. Buy the Best Don't confuse frugality with being cheap. Instead, focus on making smart decisions about your money -- like investing in higher quality items that will last you longer than cheap things you would have to replace every few months. This will save Read more [...]

8 Extreme Frugality Tricks

Extreme frugality might not be the most sustainable thing over the long term unless you can make a lifestyle out of it.It requires a strong set of values surrounding thrift.That said, extreme frugality might be more feasible as a short-term strategy or at least an experiment.With that in mind, here are eight ways to be frugal in the extreme. 1. Never Pay for Entertainment Instead of paying to keep yourself entertained​, take advantage of all the free resources ​around you. Go Read more [...]

Which Stores and Restaurants Are Open January 1?

Not everything is closed on the first day of the year, although fewer stores and restaurants are open January 1 than on Christmas. There are actually plenty of stores open January 1. In fact, it's simpler to identify the one that isn't open than to rattle off the long list of retailers that intend to keep their after-Christmas sales going on the first day of 2018. Would you believe that it's Costco, of all places? If that didn't surprise you, perhaps you weren't aware that the warehouse chain Read more [...]

Is Anything Open on Christmas Day?

You don't have to stay at home -- yours or your loved one's -- on Christmas. Here's a quick guide to stores and restaurants that are going to be open on the holiday. You probably want to double check that locations nearest you are open by calling ahead.Here's a rundown of which stores and restaurants plan to be open on the holiday -- but you might want to phone ahead to confirm that the locations nearest you are open. Stores That Are Open Christmas Day Although most national retail chains are closed Read more [...]

7 Signs Your Coupon Habit Is Out of Control

Television would have us believe that anything can become an addiction. Unfortunately, coupon clipping can get to that point. Make sure your "extreme coupon" hobby remains productive by watching for any of the following signs. You've Outgrown All Your Storage Space Do you seem to be spending more money even though you collect and redeem coupons? Has your stockpile outgrown your ability to store it?A "yes" answer could mean you're buying more than you need. Coupon issuers will never admit Read more [...]

Use ‘Em or Lose ‘Em: Do Food Stamps Expire?

Most people find that they go through food stamps too quickly to worry about whether there's a "use them or lose them" rule. But it turns out that this benefit expires at a certain point if unused.While the actual stamps have been replaced by a card better known its acronym, EBT (electronic benefits transfer), you actually don't have to use up the entire balance by the end of the month.According to the U.S. Supplemental Nutrition Assistance Program (SNAP), which administers food stamps, unused Read more [...]