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Costly Mistakes to Avoid When Refinancing Your House

A friend of mine just refinanced his house. And he’s not happy. You’d think that someone who lowered his interest rate by more than 1.5 percentage points and dropped his loan term to 15 from 30 years with a fixed-rate mortgage would be ecstatic. But he’s not. In fact, he feels like he got a...

Savings

Why People Don’t Save Money

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Poor Denis Diderot couldn’t help himself. The 16th century philosopher was given a beautiful scarlet dressing gown as a gift — a casual robe to wear around the house. Unfortunately,...

Savings

Where To Find The Best Savings Accounts

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Low interest rates may be great for borrowers, but they’re terrible for savers. According to Bankrate.com, the average money market account pays just 0.46% in annual interest while the average...

Insurance

Why Young People Need Insurance

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Life insurance isn’t an easy thing to talk about. There are probably innumerable things that people would rather do than discuss insurance, such as laundry or dental work. Even those...