by Lori Atwood | Mar 28, 2017 | Financial Fitness
I see this all the time in my practice. Clients come to me with some credit card debt. Usually, it is spread over more than one credit card and sometimes it is just one. They want to pay their credit cards down. Great, I say, and we figure out how much they can...
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...
by Lori Atwood | May 4, 2016 | Financial Fitness
Frequently cited as a reason to throw up your hands and not save, the attitude of “I have so much debt, why would I save?” could ruin you financially. Let me be clear, you always need to save for the stuff that happens in life. What would you say I if said, “I have a...
by Lori Atwood | May 28, 2014 | Financial Fitness
The following simple finance questions were asked by two economists, Annamaria Lusardi and Olivia Mitchell and reported in the Atlantic and 70% of Americans could not get all 3 questions correct: Suppose you had $100 in a savings account and the interest rate was 2...