Best Ways to Gift Cash to Grandchildren

Best Ways to Gift Cash to Grandchildren

Q. As a holiday present, I’m thinking of opening an IRA for each of my three grandchildren. But they don’t have real income yet. Does that mean an IRA is out of the question? What are my options? — Grandma  A. Your grandchildren are fortunate that...
5 Resolutions for Managing Money

5 Resolutions for Managing Money

Do you want to feel as if you’ve lost 10 pounds? Get your financial life in order. Here are five easy-to-make and easy-to-keep New Year’s resolutions for protecting your wallet. 1 | START GOAL-SPECIFIC PLANS Think about what you want to accomplish in 2018 and...
Car Insurance Rates and Your Credit Score

Car Insurance Rates and Your Credit Score

Q. I was told that your credit score influences your car insurance rate. Is that true? — Driver  A. It is indeed true that your credit score will impact your car insurance rates, but not in the direct way you might imagine. Auto insurers concoct their own scores...
Credit Score and a Credit Card Cancellation

Credit Score and a Credit Card Cancellation

Q. We have had a certain credit card for more than 20 years. We don’t use its benefits anymore and we have one recurring bill charged to it each month. Our September payment was posted six days late — eight days after the money was taken from our checking...
How to Conquer Overspending

How to Conquer Overspending

Q.  I overspend. It’s simple. Each month I run out of money and then end up using my credit cards. I know I have to make changes. Can you give me some tips? I’ve tried using a budget but my life never seems to stick to it. — Want to change A. We’re so glad you’ve...