Many people consider a car to be a household asset, but in reality, it isn't. Cars lose their value over time (i.e., depreciate), which is exactly what you don't want assets to do.
New cars...
Loans
Leasing a car -- it's not quite buying and not quite renting. Some people even believe it's just a sham put together by car dealers to sell you a car without ever actually selling you the car....
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The cost of tuition has skyrocketed in the last 30 years. According to Bloomberg, college tuition fees have jumped more than 13-fold since Bloomberg started keeping records in 1978. That's about...
Back in 1980, the average annual cost of attending a year of undergraduate college was about $3,500, including tuition, room and board. Today, a higher degree at a public university will cost...
I'm going to tell you something that flies in the face of what your Grandma told you: Debt isn't all bad.
I have mortgage debt. The interest rate is low, and the interest I pay is tax...
Is your auto loan's annual percentage rate (APR) higher than 6%? Or are your monthly payments on your car more than you can handle?
Here's some good news: if you have good or excellent credit...
It's true that auto loans and home loans offer attractively-low annual percentage rates (APRs), while credit cards offer borrowing power without the risk of ever seeing the repo man haul away...
There's been much talk about our nation's debt level and its burden on future generations. And as one asset bubble after another has popped, leaving behind only the mountains of the debt we...
The average tuition for a four-year US public college will cost you a steep $10,000 per year according to The College Board, while private colleges may charge a budget-busting $30,000-plus...
While it would be nice to start off your professional career with a clean slate of zero debt, student loans are a necessary evil for many young professionals these days. In fact, numerous...
The average college graduate in the United States carries more than $35,000 in student loan debt. If only students could wave a magic wand over that pile of debt and make it disappear....
New college graduates may find themselves in a bind. They have significant student loans to pay off, but they also have a 401(k) to fund. So what should they do?
The best way to approach this...
Imagine a country where everyone owns everything outright -- cars, houses, fishing boats, flat-screen TVs. There are no mortgages and no credit card balances in this imaginary land.
Does it...
When it comes to the power of leverage, the ancient Greek mathematician Archimedes put it best: "Give me a lever long enough and a fulcrum on which to place it, and I shall move the world."...
Most people think there is some sort of voodoo magic that goes into creating a loan amortization schedule. But I'm happy to tell you that there's not -- and even better -- even a beginner can...
If you're not an expert in using Microsoft Excel, then calculating a monthly loan payment using the program can seem intimidating. The good news is that it's relatively simple to do.
In...