3 Pieces of Great Advice That Can Ruin Your Finances

3 Pieces of Great Advice That Can Ruin Your Finances

by Lori Atwood | Feb 12, 2022 | Financial Fitness, Saving: Retirement & Other

For my last post before summer break (I will be back posting in September, as usual), I want to talk about the saying, “no good deed goes unpunished.” That old saw holds up in personal finance, too, in that there is a lot of great advice out there, but...
Just Because You Can, Doesn’t Mean You Should

Just Because You Can, Doesn’t Mean You Should

by Lori Atwood | May 16, 2018 | Financial Fitness, Saving: Retirement & Other

Have you ever heard the old adage, “just because you can, doesn’t mean you should?” Well, it’s especially appropriate when it comes to personal finance. Just because the bank will lend you a certain amount does not mean you should take it. Live beneath...
Calculating Interest (snooze) Except It Is Really Important and Here’s Why

Calculating Interest (snooze) Except It Is Really Important and Here’s Why

by Lori Atwood | Sep 13, 2016 | Financial Fitness, Saving: Retirement & Other

Let me start by asking a question: if you take a loan out for $1,000 at 5% APR for 5 years, do you think you will owe the lender $1,000 plus $50 of interest for that 5 year period? If you answer ‘YES’ you are not alone, but you are wrong. APR stands for Annual...
Most People Do It and Most People Shouldn’t – You Have Savings and Still Have Credit Card Debt

Most People Do It and Most People Shouldn’t – You Have Savings and Still Have Credit Card Debt

by Lori Atwood | Jul 23, 2014 | Financial Fitness, Saving: Retirement & Other

I’ve done it. Now, I know better. If you have liquid savings, except under very specific circumstances, you should not carry balances on your credit cards. Here’s what the matter is with this very common scenario: you’re losing money. Let’s say you have $15,000...
How Much is TOO MUCH Credit Card Debt?

How Much is TOO MUCH Credit Card Debt?

by Lori Atwood | Aug 27, 2013 | Financial Fitness, Saving: Retirement & Other

I’ve been in finance for a long time and I do not believe debt is a bad thing. Debt is a powerful tool if used correctly and in moderation.  If someone hands you a chainsaw, you’re going to want to learn how to use it first before turning it on because someone can get...
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