When companies are looking to downsize but would rather not lay off workers, they often offer a corporate pension buy-out (for companies in the private sector) or civil pension buyouts (for those in the governmental sector). Buyouts typically do not offer as much money as early retirement options, but they can still be invaluable to...
At a glance, you would think that a couple that keeps its finances separate would have less to fight about when it comes to money issues. Research has indicated that just the opposite is true. Keeping all of a couple’s finances separated can lead to more misunderstandings in the long run. Separate Accounts can Mean...
Some banks seem to be against the giving of small business financing. The term ‘small business financing’ is used, in this context, to refer to business loans that are small in terms of the amounts given, as well as loans of all sizes advanced to businesses that are small in size. The banks in question...
Being a young adult is such an exciting time in life as new found freedoms and responsibilities arise. The pursuit of careers, relationships, first house, and FUN is on the priority list and financial decisions at this point in life can be crucial to financial success throughout life. Let me assure you that if you...
In the wake of the credit crunch and many years of erosion of the old job-for-life culture, more and more people are concluding that there are no longer any advantages to be had working their guts out for someone else. Instead, self-employment and setting-up your own business is becoming increasingly popular. As are freelance and...
Think before you buy it. Easier said than done, right? Most people find the urge to splurge quite hard to resist. Impulse buying is a dangerous habit and is the cause of needless debt. So how exactly do we avoid this trap when we are but mere humans, constantly subject to sale posters and marketing...
FinanceWand has some great financial tips and ideas. However, I was mulling over some simpler ways we can all save money in the home. I’ve put together a list of simple money-saving ideas. These will help to keep your outgoings down and leave a little more cash in your wallet for those little luxuries that...
With today’s economy being the way it is, everyone is trying to make their money stretch as far as possible. To help you manage your finances there are some good free money management tools available online. Yodlee Yodlee MoneyCenter is an online management tool that has been around for a long time. It is easy...
Reports out of the Congressional Oversight Panel have indicated that the HAMP (Home Affordable Modification Program) project has not lived up to expectations. The program, which began in March of 2009, when the Obama Administration published the Making Home Affordable (MHA) Program, gave mortgage services the tools necessary to begin defaulted loan modifications in the...
You’ve probably heard stories of people who have made vast sums of money and found that with every pay raise and paycheck, their costs increase, their savings diminish, and their debt mounts. It seems counter-intuitive, doesn’t it? Why should making more money actually cause a financial burden? One of the main reasons why making more money...