Archive for the 'Personal Finance' Category

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What is and isn’t protected from bank failure

 
Despite the recent headlines, bank failures are extremely uncommon. But if you’re concerned, here’s what you need to know.
Question: If you have $100,000 in a checking account and also have a $200,000 CD with the same bank how much of your money is protected by federal deposit insurance? How much would you receive if […]

Debt -Top things to know

Here is a very good compilation on debt advise i’ve seen so far:

Things to Know
Good debt vs bad debt
Examples of good debt
Borrowing for other expenses
Loans to pay credit cards
Managing debt
Getting your credit reports

1. Americans are loaded with credit card debt.

Need mortgage? Bring lots of cash.

Between higher fees and and larger down payment requirements, buyers have to pony up more money than ever these days just to land a loan.
NEW YORK (CNNMoney.com) — Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.
In a brutal real estate market […]

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