When done carefully, taking a loan from your 401K can be quite helpful, but there are limits. Early withdrawal from your 401K will have penalties, and your contributions will have to be repaid to replenish your plan. Overview The 401k plan is a retirement option that is offered by many employers that gives you the [...]
Entries from February 2012 ↓
Is it Safe to Borrow from a 401(k)?
February 29th, 2012 — 401k, loans, Personal Finance
How to Avoid Nickel and Diming Your Way to the Poorhouse
February 29th, 2012 — Budget, Financial Security, Goal, Long Term, Money, Personal Finance, retirement
We would love to start a great new experiment, where everyone would catalog all of their impulse purchases for the course of one year. Everything from that cheap pack of gum to the “whatsit” that we really don’t need would have to be recorded. At the end of the year, everything would be totaled up [...]
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Saving Money with a Government Loan Option
February 28th, 2012 — finance, Guest Blogger, loans, Money, Mortgage, Personal Finance
Buying a home is part of the American dream. For more than half of a century, Americans have been set on finding homes to hang their hats. Owning a home is a sign of stability and pride. However, financing a home can be a nightmare that interrupts the American dream. Amid an economic crisis and [...]
Continue reading → Saving Money with a Government Loan Option
Seemingly Harmless Activities May Harm your Credit
February 28th, 2012 — credit, Personal Finance
Your credit score is a vital number that determines how businesses and financial institutions treat you. Everything we do financially has an effect on our score, for good or bad. What surprises many people is how seemingly minor or harmless activities can have a big, negative impact. Described here are how a few can drop [...]
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Debt and the Credit Crisis
February 27th, 2012 — bad debt, Banking, Bankruptcy, credit, Debt, economy, Personal Finance, stock market
The last recession that our country experienced was, in truth, a mild one. The stock market and many corporate profits began to tank, but consumer spending seemed to dance merrily on through the recession without as much as a scratch. Consumer spending has long been the major engine driving the entire United States economy, which [...]
Freeing Up Breathing Room in a Tight Budget
February 27th, 2012 — Budget, Money, Personal Finance
If your budget is so tight that you feel like you cannot find room to breathe, then you are probably in need of some way of freeing up your cash so that you can relieve some stress. While you may not necessarily be in a position to be able to overhaul your whole budget, there [...]
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A New Way to Consider Personal Finance
February 26th, 2012 — Cash Flow, Debt, Diversification, Income Streams, Leverage, Personal Finance
Through the past few years, many of us have been conditioned to believe that being in debt is a bad thing. While it certainly may be true that debt is dangerous in the wrong hands, there are actually many ways that debt can be very effective and can actually help you get more money. This [...]
A Million Bucks By Thirty Review By Alan Corey
February 26th, 2012 — Book Review, Personal Finance, Wealth
Everyone loves a true rags to riches tale, and although we’ve had some with the dot com boom, there were few that echoed the stories of immigrants that moved to the big city with a pocket full of pennies and a dream. We were thrilled to read this book and discover that the American dream [...]
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6 Easy Tips on Raising Your FICO Score
February 25th, 2012 — credit cards, credit score, Goal, Money, Personal Finance
In today’s world, it’s easy to define your self worth by your FICO score. Whether you are trying to buy a house, get more credit or just get back on the right track, a low FICO score can really impact your entire life. However, there are some easy steps that you can take to increase [...]
Shopping Professionally pt 2
February 25th, 2012 — frugal tips, Money, Personal Finance, saving
One of the best ways that you can save money is to shop professionally, which is learning how to develop skills and talents in shopping that allow you to shop smarter and save more money than ever before. When you learn how to work with a tight budget, you can find it possible to pay [...]
