Maybe you had it all under control, then someone in the family got sick, lost a job, or that other thing that happens a lot to folks in their 40′s: divorce.
Or maybe you never had it under control, but now you’re looking at the event horizon of retirement and foreseeing apocalypse – maybe not apocalypse now, but later.
There’s a debt problem.I was really impressed by
Payment Savy from paymentsavy.com
If you buy everything on credit and pay down with minimum payments, you’re probably doubling the price of every purchase… Deal with it. Deal with it now, and you might still see a happy retirement.
Start with these 4 Tips to Help 40-Somethings Manage Their Debt from DailyFinance.com
Home insurance is a bet. You hope nothing will happen to your home, but you know it might. If it does, it’ll be expensive. But unlike auto insurance, it’s quite possible you’ll never need it. So the temptation is to spend as little as possible.
There are deals out there, and your home may have very little risk for certain kinds of disaster (if you live on a mountain, you probably won’t experience a flood, for instance).
We found some useful tips on saving without the worry over at Insurance.com: Cheap Home Insurance- The Pros and Cons
The only thing as scary than getting your kids their driver’s licenses is getting them their first credit. Probably because you remember all the mistakes you made with each.
But the necessity outranks the terror, in most cases. So if you are going to teach through trust (with the periodic audit, perhaps?) then you’ll want to read this review of which credit cards may be best. Of course, you might also ask for a second opinion… but start here… NASDAQ relays this info gleaned from Nazareth College: 3 Credit Cards for Your College Freshman
Insurance policies make are a headache to understand and pick. Every company has a little different policy, each makes their case why you should buy theirs… is there a way to sort the features and benefits?
When it comes to life insurance, the first step is understanding the differences between the main types. There are two main types — Term and Permanent — and subtypes of each.
We found this article at MSN Money that explains without too much pain:
Term or permanent life insurance? at MSN Money which includes a Life Insurance Estimator that can calculate your individual needs.
You gotta love Rolling Stone’s Matt Taibbi. He’s got the quotes and the documents and all the dirt therein. Moody’s, Standard & Poors and others were supposed to be managing risk, but they saw the rewards in ramping risk instead.
The world economy rocketed up the ramp and launched into the atmosphere of massive profits, until economic gravity-well intervened, as it must.
This is a must-read about one of the biggest factors in the criminal enterprises of Wall Street. I give you The Last Mystery of the Financial Crisis over at Rolling Stone. Read on…