Personal Finance

By Exceptional Portfolio | Learn about what's happening in the world of personal finance.

7 Unexpected Costs of Buying a House

You've got your eye on a prime piece of property and just enough money in the bank to cover the down payment. It's meant to be, right? Before you submit an offer, consider this: the real price is much higher than the real estate listing would lead you to believe. There are a smattering of fees, …

Mortgages

Protect your financial future: Safeguard your money with tips in these 4 areas

Often because it's too stressful to think about or seemingly too expensive to implement, many people fail to put a protection plan in place to safeguard their money.<p>In the final installment of her four-part plan to help shape up your finances in the new year, TODAY financial editor Jean Chatzky …

Insurance

This mortgage trick could save you thousands

For many, homeownership represents the ultimate American Dream. And for most of these people, the way to achieve that dream is to take out a mortgage in order to finance that home.<p>Here's the problem: When you take out a 30-year mortgage, which many of us do, you wind up paying more interest than …

Mortgages

Here's how a Fed rate hike will impact your student loans

With the US economy continuing its moderate, but sustained, recovery, it appears likely that the Federal Reserve will increase interest rates on December 16 for the first time in years. This beginning of an interest rate increase cycle could affect your existing student loans and any additional …

Economy
Networking

Millennials Prefer Debit Cards to Credit Cards. Here's Why They're Wrong.

Here's why you shouldn't avoid a credit card<p>Millennials are still getting it wrong on credit cards.<p>Although credit cards offer users an array of …

Millennials

Best Cash-Back Rewards Credit Cards

See this year's top picks for consumers who simply want more spending money.<p><i>MONEY and NerdWallet have picked the best credit cards in five different</i> …

Money

10 Things to Know About Money Before You're 20

Remember these rules and you'll be ahead of the game<p>A recent study by education tech company EverFi found that the average U.S. college student can …

Personal Finance

What a Fed rate hike would mean for you

The Federal Reserve held back on Thursday from raising interest rates for the first time in years. But it will eventually, maybe later this year.<p>Whatever the timing, a rate hike will have implications for millions of Americans.It's important if you have a credit card or savings account, invest in a …

Economy

Do You Use Money? If So, You'll Want To Read This By Thursday

This week, you'll hear lots and lots about the Federal Reserve, or "the Fed" as its friends call it.<p>The Fed is considering raising interest rates — and will announce that decision on Thursday. If the central bank were to act, it could have an impact on your financial life, forcing you to eventually …

Economy

First ATM opens for business - Sep 02, 1969

On this day in 1969, America’s first automatic teller machine (ATM) makes its public debut, dispensing cash to customers at Chemical Bank in …

More millennials stuck renting for years before buying home

WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.<p>Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in …

Real Estate

I’m Not an Entitled Millennial Because I Can’t Afford to Buy a House in the City I Live in

I was pretty excited to wake up on Monday morning to see my face on CBC‘s website. Sophia Harris, a reporter from CBC, found my house hunting blog …

Housing

How To Beat Donald Trump At Making Money

Donald Trump has been in the news quite a bit lately and regardless of what you may think of him, one thing that many people take for granted is that Trump’s good at making money. As this article points out, his self-described net worth jumped from $500 million in 1982 to the $8.7 billion he …

Donald Trump

5 Ways Your Money Choices Are Making You Sick

<i>By Laura Woods, Contributor</i><p>Your poor money choices could be the root of your health problems. Some of these issues might be glaringly obvious, while others might take a little digging to uncover.<p>"The best way to find out why you are having a health issue and if it is caused by money is to be honest …

Credit Card Debt

7 Smartest Moves to Make Before Interest Rates Rise

<i>By Barbara Friedberg, Contributor</i><p>If you're interested in improving how you manage your finances, then you need to care about rising interest rates that are expected this year from the Federal Reserve. The Federal Reserve controls the overnight lending rate use by banks to borrow from each other. …

Finance

It's Never Too Soon To Save For Retirement

Many millennials understand they will share more of the retirement burden than their parents did. Many are also coping with loads of debt.<p>But if you keep waiting for the perfect moment to start saving, you could face a serious financial squeeze down the line.<p>“If I have one regret, it’s that I …

Retirement

How to boost your credit rating

Every time you apply for a loan or open a bank account, computers at the three credit reference agencies – Experian, Equifax and CallCredit – spring …

5 Money Mistakes to Stop Making by Age 30

Stop asking Mom and Dad for a handout every time funds are tight.<p>Managing money is tricky, especially when you're in your 20s and just starting your …

Personal Finance

7 Timeless Lessons About Getting Rich From a Book Your Grandparents Read

Two major books were published in 1926 that rocked our world: <i>Winnie-the-Pooh</i> and <i>The Richest Man in Babylon</i>.<p>Although "stuffed with fluff," Pooh Bear might have had a larger impact on American pop culture, but it’s <i>The Richest Man in Babylon</i> that has made a massive financial impact on untold millions …

Wealth

8 classic personal finance books that will teach you everything you should know about managing money

Money conscious readers from all generations should brush up on their personal finance knowledge by adding some books on the subject to their summer reading list.<p>Given that only 24% of Millennials are able to correctly answer four or five questions on five-question financial literacy quiz, they …

Wealth