Did you know that if you’re close to reaching your credit limits on some of your credit cards, the interest rate on a completely unrelated credit card can get jacked up? Or if you miss a payment on one credit card, your other credit cards can increase your interest rates?
For example, let’s say you [...]

One of the most important characteristics of a wealthy person is that he or she saves for the unexpected. You will have a time in your life when something goes wrong. Your car’s alternator breaks, the water heater in your house needs replacement, or you break your arm and your health insurance carries [...]

Getting out of debt and staying out of debt is an essential principle to becoming wealthy. Millionaires don’t have car payments, and they don’t carry a credit card balance. They don’t need to borrow money, because they HAVE money. If you minimize the monthly payments that you pay every month, you’ll have [...]

There are many myths about money and how to handle it. The key is identifying those myths and not falling into the trap that many other people fall into when it comes to money myths. I have identified four myths about money, and I will explain why I believe they are myths and [...]

Over the next two weeks, I’ll be writing a series based on the Money Crashers 11 Principles to guide you to personal financial fitness and success. I created these 11 financial principles to live by when I first created the Money Crashers blog. However, I never formally explained each one and my philosophy [...]

When it’s time to tap the equity in your home, you usually have two options: a home equity line of credit (HELOC) or a home equity installment loan (HEIL). Both will get you the money you want, but one may lower your credit scores, which will make everything you buy on credit more expensive…be careful.
So, [...]

Starting June 20th and running until about July 6th, Money Crasher’s will be running a blog series based on the 11 principles of a money crasher to help you achieve financial success. You can view the 11 principles here to see the entire list. I put together these 11 financial principles when I [...]

This is a question that a friend of mine asked me recently, and I thought it would be a good question to throw out there to the readers of Money Crashers. If you are in your twenties, it seems like you’re a weirdo if you DO NOT have a student loan. The reality [...]

U.S. News and World Report has come up with this list of the 25 best careers of 2007. There are the obvious ones like a doctor, dentist, engineer, and professor. But, there are also some surprising ones like medical scientist, librarian, urban/regional planner, and a fundraiser. The four criteria they graded the [...]

If you’ve just had a child, then it’s never too early to start thinking about their future. Sending a child to college is a huge expense, and many parents are unable to fund their children’s college expenses. By the way, it doesn’t make you a bad parent if you don’t pick up the [...]