Study Shows Americans Saving Less Money For Emergencies And Retirement
A study shows that lots of Americans– especially those with lower incomes– aren’t saving as much for emergencies or for retirement. Fewer Americans have a specific plan when it comes to saving money compared to two years ago. In 2008, 62 percent of Americans had a savings plan. That number has dropped to 55 percent. [...]
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Movie Tickets Set To Increase
The next time you head to the big screen, the ticket price could be even bigger. Some analysts say you’ll pay nearly $20 for a ticket to a 3D movie. Richard Greenfield of investment firm BTIG told USA Today that theater owners believe consumers are willing and ready to pay extra for 3D after the [...]
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Nation’s Largest Bank Makes Big Move To Help Homeowners
Bank of America is making a big move to help troubled homeowners. And some wonder if other banks will follow the move. Bank of America announced it will forgive up to 30% of the mortgage balance held by some of its customers. The homeowners must meet the following qualifications:
The homeowner must be at least 60 [...]
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IRS Warns Of “Dirty Dozen” Tax Scams
Every year the IRS issues its “Dirty Dozen” list. These are 12 tax scams to watch out for. Sometimes new scams pop up, sometimes the scams have been carried over from past years. But they’re always a headache for honest taxpayers who fall for these scams and also for the IRS who must track down [...]
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The Top Five Causes For Bankruptcy
Although bankruptcy can be caused by frivolous spending and lavish lifestyles, that’s not always the main reason why it occurs. According to the San Fransisco Chronicle, there are five main life events and changes that can make you much more likely to file bankruptcy.
1. Medical Expenses
A Harvard University study says this is the biggest cause [...]
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Trouble With Taxes? Find Free Tax Help
April 15 is less than a month away. Don’t put off filing your taxes. If you’re having trouble or you need a little assistance, find some free tax help. There are likely several options in your area for getting some complimentary tax services. Here are some to consider:
IRS Open Houses: The IRS will hold several [...]
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Home Affordable Foreclosure Alternatives: New Program For Underwater Homeowners
A new government program will essentially pay homeowners to sell at a loss. It’s called HAFA, or Home Affordable Foreclosure Alternatives and it goes into effect April 5. The goal is to help some of the nearly 25% of US homeowners who currently owe more on their homes than what they’re worth. Under HAFA, homeowners [...]
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More Americans Turning To Debt Consolidation
Some trends are indicating that Americans are trying to pay down debt and save more. But according to a new study released by Prosper.com, more Americans are turning to debt consolidation. The survey showed that over the last six months, more and more people have been signing up for peer-to-peer debt consolidation loans and in [...]
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Using Your Tax Refund To Pay Down Debt
Sure a new dishwasher, flat screen or spa weekend would be nice, but what about using that tax refund to pay down debt? That’s the plan for plenty of Americans, according to the National Retail Federation. Every year the organization polls Americans to see what they’re really going to do with that tax refund. And [...]
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Citigroup Starts The ‘Foreclosure Alternatives’ Program
Consumers trying to deal with the debt they cannot repay after losing jobs have been cast as the true victims of the collapse of the derivatives market. Even as the CEO of General Motors is awarded a $1.7 million contract to run a business that is majority owned by the federal government, many middle class [...]
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