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College can be a great adventure in scholarship and life for many young people. But when it comes to managing a budget, it can be a sobering learning experience in how quickly their money can disappear.

Even worse, six months after a student graduates, when he or she gets their loan payment schedule, they will receive a major reality check on how they were able to accumulate such a large debt with interest in just a few short years. According to Forbes, there are currently 45 million Americans who each owe an average of5 Tips For Saving Money In College

6 College-Bound Money Moves

Money-Saving Tips for College Students II

MoneyTips

Father's Day is coming up on June 20th. What can you get Dad to celebrate his special day without loading up the credit cards? Sometimes simpler gifts are the best. Simpler gifts may also be your only option if you are young and short on cash, or if your credit is not up to scratch right now. You can check your credit score and read your credit report for free within minutes by joining MoneyTips.

What does your Dad like to do in his spare time (if he has any)? What are his hobbies and his favorite activities outside of work? With a bit of recon before Father's Day and the occasional leading question, you can get some idea of what he might like or need. Hint: if Dad is like 99.9% of dads, the best choice is not aftershave or a necktie — no matter how cool the necktie is. ...

How People Spend Money On Father's Day Gifts

Five Fun Financial Facts: Father’s Day - #1 of 5

Costs of Being a Dad

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MoneyTips

Did you decide to save money this year by driving to your summer vacation destination, thus avoiding airfares and car rental charges? You're in luck! With some effort and forethought, you can save even more money as you drive. Consider these tips for increased savings:

  1. Auto Maintenance – A well-maintained car runs more efficiently and uses less gas. The most-often overlooked and easily corrected issue is underinflated tires. According to EPA estimates, for every pounds per square inch (psi) of under-inflation, fuel efficiency drops by 0.3%. Excess fuel usage from 1-3% is common. Check your tire pressure and inflate to manufacturers specifications (found in your manual or available online).

    If your car is past due for a tune-up, get that done before your trip to ensure fuel efficiency. You won't recover the cost of the tune-up right away, but you should over ...

Easy Rider for Low Dough

7 Summer Road Trip Budget Tips

What Should You Look For in Travel Insurance in the USA and Abroad?

MoneyTips

What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage? Which is a better choice for you? Watch C2 Financial Mortgage Advisor Casey Fleming explain which mortgage type is best under different circumstances.

MoneyTips is happy to help you get free mortgage and refinance quotes from top lenders.

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Adjustable-Rate versus Fixed-Rate Mortgages

Time To Reconsider Adjustable-Rate Mortgages?

30-Year Mortgage Rate Falls

MoneyTips

Even though retiring is the furthest thing from the minds of most twenty-somethings, you need to invest sooner, rather than later for one reason – you have an advantage over everyone else: time. Time to let your money grow exponentially. There is a reason Albert Einstein is credited with calling compound interest "the 8th wonder of the world." It can work either for you or against you. Those who understand it, earn it. Those who don't, pay it. Let me elaborate.

To understand truly how time affects money, let's look at Einstein's Rule of 72. This rule shows how long it will take to double your money, based on an anticipated interest rate. It's really easy to figure out and super-important to understand. In my opinion, it's one of the most important things to learn and apply throughout your life. For example, if you were to earn a 4% return on your money, it would take 18 years to d...

Why Your Children Need Their Own Roth IRA Now

Baby Boomers Not Ready For Retirement

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MoneyTips

Pack your bags and grab the kids. The vacation of your dreams is about to begin. Just make sure you have properly secured your home before you head for the beach/mountains/jungle or you may return to a nasty surprise.

  1. Secure All Windows and Doors - Keeping your home locked up will deter most potential vandals or robbers from targeting it. Of course, make sure that you fasten all windows and doors before you leave for vacation. Additionally, if you have a sliding glass door, leave a pole in the track to prevent the door from being forced open. Alternatively, some sliding glass doors have a hole you can stick a nail into, which prevents them from opening. Finally, disable your automatic garage door opener just in case someone has its signal decoded.

  2. Temporarily Stop the Mail and Newspaper - A couple of days before you depart, place a hold on your mail and your newspaper subscription. Most people let their mail a...

Scheduling Personal Property On Your Homeowners or Renters Policy

"Best Apps to Create a Home Inventory "

Dog-Owners' Liability Insurance 101

MoneyTips

If it sounds too good to be true, it probably is. That's sound advice for almost all aspects of life, including the search for mortgage relief services.

Distressed homeowners don't have to resort to third-party mortgage services. Free counseling is available at the Department of Housing and Urban Development (HUD). HUD programs such as the Home Affordable Refinance Program (HARP) can allow qualified homeowners to refinance their home at more favorable terms.

If you don't qualify for any HUD programs, you can work directly with your lender or consult with third-party mortgage counseling services. However, you must be careful to distinguish legitimate mortgage services from scammers. Scammers are adept at taking advantage of desperate homeowners for their own gain without providing any assistan...

Five Warning Signs Of A Mortgage Relief Scam

FTC Permanently Bans Scammers From Mortgage Industry

Justice for Mortgage-Relief Scams

MoneyTips

By Andrea Woroch

Many U.S. households have put a pause on air travel due to the COVID-19 pandemic and families are instead hitting the open roads to enjoy a getaway while staying safe and saving money this summer. In fact, AAA forecasts that Americans will take 700 million trips this season and road trips will account for 97% of this travel. Car trips will actually see the smallest decrease in travel volume during the pandemic of just 3% year-over-year compared to traveling by plane, which will be down 74%. It is' clear consumers are itching to take a vacation.

If a summer road trip is on your radar, don't let the false sense of savings security fool you into blowing your budget. Even though driving is cheaper than flying, it's still important to mind your budget as every small expense adds up quickly.

Here are seven savvy road...

5 Budget-Friendly Holiday "Nearcation" Tips

Save On Theme Park Admission Tickets

How to Negotiate a Summer Vacation Rental

MoneyTips

Is your mortgage lender insisting you get mortgage insurance? In our exclusive video above, Mortgage Advisor Casey Fleming explains how your premiums will be calculated and shares tips on how to get the lowest premiums possible. The higher your credit score, the lower your premiums will be.

You can check your credit score and read your credit report for free within minutes using Credit Manager by MoneyTips.

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Mortgage Insurance – What Is It?

MIP vs. PMI

Avoid Paying Mortgage Insurance Despite Low Down Payment

MoneyTips

What do you plan to do with your tax refund? Maybe you have your eye on upgrading your phone, buying a new computer, or splurging on a long overdue vacation.

Have you considered using your tax refund to build your credit?

Granted, credit building doesn't compare with lying on the beach enjoying the sunshine, but you'll get long-term benefits that go beyond good memories and a tan. Last year's federal tax refunds averaged $2,707, which could go a long way toward establishing new credit or restoring damaged credit.

If you don't have any credit at all, your tax refund could help you get a secured credit card. Traditional credit cards require a minimum credit score, but secured credit cards usually don't because they're backed by a cash deposit that determines your credit limit.

By making small regular charges and paying them off on time and in full each month, you'll b...

Get A Credit Card Without A Job

Video: 3 Tips To Use Credit Cards Responsibly For Building Credit

How Lending Circles Can Build Your Credit Score

MoneyTips

As you shop for vacation destinations, be on the lookout for costly resort fees. Resort fees are separate fees added on top of your nightly rate to cover certain amenities that the hotel provides. Resort fees are typically automatically added onto your bill, whether or not you use the amenities that the resort fee covers. Fees can range from a few dollars per night to over $30 per night. They may be optional, but most are not.

Resort fees are primarily added in tourist destinations such as Las Vegas, Florida, Hawaii, and various Caribbean destinations, but they can apply anywhere and they are not necessarily limited to resorts. If that is the case, how can you tell if a resort fee will be tacked onto your bill?

Thanks to actions by the Federal Trade Commission in 2012, hotels and resorts must disclose the booking fees in a reasonably open fashion. However, the fees are still not always obvious.

When booking direct, hotels generally include the resort fe...

Don't Let a Fake Website Ruin Your Vacation

10 Great Ways to Stretch your Summer Travel Dollar

Airbnb 101

MoneyTips

Graduation for the Class of 2021 is here. Some college graduates have studied physics and will pursue rocket science as a career. Others plan to become doctors, memorizing every bone in the body, while a few are walking encyclopedias when it comes to history. But how many of them can – and do – balance a checkbook?

According to the Pew Research Center, 52% of Americans between the ages of 18 and 29 still live with one or both of their parents. This could be attributed to the nation's student loan debt, which stands at an all-time high of $1.6 trillion, and the job market that keeps graduates in internships and minimum wage positions for years after college. That means many recent college grads have never paid their own rent, balanced a checkbook or created a budget, much less learned to live on one.

The good news in this grim statistic is that learning the basics of personal financial management isn't really all that difficult. Here are seven personal finance st...

MoneyTips Gift To College Grads: Your Credit Report

5 Credit Tips For New College Grads

Retirement Is Not That Far Away

  • Updated

MoneyTips

Graduation for the Class of 2021 is here. Some college graduates have studied physics and will pursue rocket science as a career. Others plan to become doctors, memorizing every bone in the body, while a few are walking encyclopedias when it comes to history. But how many of them can – and do – balance a checkbook?

According to the Pew Research Center, 52% of Americans between the ages of 18 and 29 still live with one or both of their parents. This could be attributed to the nation's student loan debt, which stands at an all-time high of $1.6 trillion, and the job market that keeps graduates in internships and minimum wage positions for years after college. That means many recent college grads have never paid their own rent, balanced a checkbook or created a budget, much less learned to live on one.

The good news in this grim statistic is that learning the basics of personal financial management isn't really all that difficult. Here are seven personal finance st...

MoneyTips Gift To College Grads: Your Credit Report

5 Credit Tips For New College Grads

Retirement Is Not That Far Away

  • Updated

MoneyTips

Demand pricing is a staple of certain industries such as the airline and hotel business. Prices for flights and hotel rooms frequently change based on total demand. High demand naturally drives prices up, while discounts may be needed to increase demand at less popular destinations and times.

This pricing concept is now being introduced at major theme parks. Parks are attempting to spread out the flow of customers and direct traffic from the overly crowded weekends and holidays toward times with lower usage. Lower-demand times correlate closely to when most children are in school: weekdays during the school year (excluding Fridays). Weekends, summers, and holidays are typically either at regular or peak pricing.

For example, Disneyland in Anaheim, California now offers "value pricing" for off-peak days with single tickets at $104, regular pricing from $114, and a peak rate of $154. Walt Disney World in Orlando, Florida, has a bit less of a spread with $109 value ...

10 Great Ways to Stretch your Summer Travel Dollar

5 Budget-Friendly Holiday "Nearcation" Tips

Staycations 101

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