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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5 Key Tips for Leasing a New Car
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...
Forget Student Loans -- Try the Tax-Friendly 529 Plan Instead
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...
5 No-Brainer Ways to Save on College Tuition
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...
The 5 Worst Loans People Get and Why They Get Them
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...
The Top 3 Reasons You Should Refinance Your Car Loan
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...
4 Situations When a Personal Loan is a Good Idea
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...
Debt Can Be Good: 5 Investments Used with Debt
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...
5 Easy Ways to Save Money While Going to College
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...
7 Simple Ways to Pay Off Any Size Student Loan
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...
Should You Pay Student Debt or Fund Your 401(k)?
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...
Debt is Good: 3 Important Ways Debt Can Help You
Debt tends to get a bad rap – and for good reason: It can be challenging to manage and may even cripple your finances.  But debt can also be a useful financial tool for reaching your...
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’ve never done it before, calculating a monthly loan payment using Excel can seem intimidating. The good news is that it's relatively easy to do.  In fact, Excel has a function...