In the News

By: Sheryl Nance-Nash | Source: Money

In the wake of self-isolation efforts to flatten the curve from the coronavirus, many couples are feeling the financial strain and stress of the pandemic. As couples emerge from quarantine, some will see it as the excuse they need to call it quits but lack the resources for a divorce. Read the fine print on the pros, cons and other alternatives associated with the monetary burdens of divorce during this crisis.

By: Gabrielle Olya | Source: Go Banking Rates

The current health measures to prevent the spread of COVID-19 has caused unemployment to skyrocket, highlighting how crucial it is to reduce spending and focus on saving. GOBanking Rates spoke to financial and consumer experts to get their insight on which expenses to trim during the pandemic. and has forced many businesses to close or reduce workers hours.

By: Anna Hecht | Source: CNBC Make It

Financial discussions may be difficult under normal circumstances, but during tough times it’s important to be sensitive to partners without criticism. Having a money talk mid-pandemic is not ideal, but neither is the coronavirus; confront budgets together and reassess goals, as well as paying close attention to emergency funds and discussing job security. Remember to schedule check-ins to reevaluate financial strength.

By: Liz Alterman | Source: FinanceBuzz

A survey of purchasing habits and frequently used payment methods was conducted by FinanceBuzz. Contrary to popular belief the younger generations have not rendered cash and checks obsolete, even as mobile wallet issuers add incentives and rewards with the hope of attracting new users.

By: Barri Segal | Source: CreditCards.com

There is more than one reason to keep your credit cards open and active. Find out from a selection of experts how a closed card might impact your overall credit and how and when to avoid having it closed.

By: Nick Clements and Casey Bond | Source: US News and World Report Money

Lenders, like credit card companies and banks, use credit scores to assess possible risks associated with lending out money to consumers. The goal is to reduce losses due to bad debt by evaluating your score, which can be determined by several factors, like paying your bills on time. Keeping your credit utilization low is another smart strategy toward increasing your score.

By: Geoff Williams | Source: HuffPost – Life Money

There’s no right or wrong answer as to when a parent should cut off their children financially – compiled are a few questions to ask that may provide a resolution. Instead of asking when to “cut the cord” try to determine how. How should funds be given out to kids and do they understand the value of money?

By: Expert Panel | Source: Forbes Finance Council

Running a business is a complex process and with so many types of businesses and industry services, it can be difficult to know which area within a company is wasting hard earned money. The Forbes Finance Council has enlisted its 14 members to highlight where businesses might be wasting funds.

By: Expert Panel | Source: Forbes Finance Council

Small business owners can gain valuable advice from the expert panelists of the Fobes Finance Council on how best to align their strategies for the new year and ensure financial growth for the future. Each small step will bring you closer to starting off on the right financial foot – like paying off some of your own debts to strengthen your position for later.

By: Geoff Williams | Source: US News and World Report Money

Wage garnishment is not to be taken lightly. There are different scenarios and associated costs for each situation, but if your wages are being garnished by any amount, one thing is clear, your financial life is a mess. Though you may not clean it up quickly, there are steps that can improve your circumstances like negotiating a payment plan with your creditor or seeking help from a credit counselor.

By: Steve Olenski

The world of finance is not one I am normally prone to play in, if you will. But being the uber-curious person that I am, I was intrigued by the possibility of speaking with Howard Dvorkin, a personal finance expert and consumer advocate. He has established himself and his personal brand over the past 15+ years. I recently had the chance to ask him a few questions as I was curious as to how he got started, what he did to build his brand and so on.

By: Brian Hughes | Source: Huffpost

As a solopreneur myself, I always enjoy talking with fellow entrepreneurs about what sparked them to take the plunge and start their own business and the lessons they’ve learned along the way. Recently, I spoke with personal finance expert and consumer advocate Howard Dvorkin.