24 June

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Consumer Commission – Student Loan Proposals (Part II)

[ad_1] Photo: Nina Konstantinidou Last week, we outlined the ABI Commission on Consumer Bankruptcy’s proposals to improve the fresh start in bankruptcy by expanding the discharge of more student loans. But the Commission recommended Congress make other changes to help people burdened with student loan debt. In particular, the Commission recommended that student loans be given priority treatment. In bankruptcy, when the trustee is paying creditors, either in a chapter 7 or chapter 13 case, certain debts get paid ahead of others. These are called “priority claims.” Usually these are things society has a strong interest in having paid, like child support,...

15 June

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What You Need To Know About First- and Second-Year Home Expenses

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[ad_1] My husband and I were so excited to buy our house. We’d been renting since college and were eager to have our own place. Finally, no one could tell us how many dogs we could have or how many posters we could hang up. Once we moved into our home, we quickly realized how much we didn’t know. We didn’t know how to make basic repairs or know what kind of contractor to call. We also didn’t know how expensive home buying could be. Even now that we’ve been in our house for a year, we’re still surprised at how much...

06 June

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How To Budget For An Eco-Friendly House

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[ad_1] You buy organic at the local farmers market, hunt for the fair-trade label while perusing store aisles, and dabble in impact investing. So naturally, your eco-conscious preferences might also have you leaning toward a sustainable home. Maybe you’ve always longed for a home with solar panels, bamboo flooring, or a grey water irrigation system. But whether you’re buying a home with sustainable features or renovating your current digs, these homes often require a deeper financial commitment than a standard one, points out Alexander Lerner, a realtor of Figure 8 Realty in Los Angeles. So how should you go about saving for...

28 May

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How to Help Your Kid with FAFSA, Student Loans, and More!

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[ad_1] It’s easy to assume that the role of a parent diminishes as a child approaches high school graduation. This is when many parents choose to step back and allow their kids to become the primary decision-makers in their own lives. But the time between high school and college is more than just a symbolic transition from childhood to adulthood – it’s a period of life-changing and complicated decisions. How your child navigates the questions of school choice, financial aid and student loan debt will have a major impact on not just their college years, but the trajectory of their entire adult...

19 May

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How To Teach Your Kids About Budgeting At The Farmer’s Market

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in Bankruptcy

[ad_1] Aside from cooking, if there’s one important lesson I learned from my parents it would have to be about budgeting. I grew up in a large family of 6, and we enjoyed delicious home cooked Vietnamese dishes, so I’ve had my fair share of trips to the Asian market to pick out the dinner ingredients. We couldn’t always get the pre-packaged American snacks from the commercials, but now that I think about it, learning those lessons about budgeting for our family really came in handy for me now that I’m a parent- way more handy than any fun snacks...

10 May

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Consumer Commission – Student Loan Proposals (Part II)

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01 May

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Understand Your Money Better with MintSights™

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[ad_1] We know you love Mint, and Mint loves you right back. That’s why we’ve brought a refreshed look and feel that features a sleek design, added benefits, and a simplified view of what’s important with your money. This month, Mint is rolling out a new app experience for Android users, one that iOS users have been enjoying since the Fall. Featuring exclusive data-driven Mintsights to help existing (and new!) users effortlessly stay on top of their savings, expenses and budgets. The refreshed app will intelligently use all of your financial data to unlock powerful money insights and money-saving offers and...

22 April

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Consumer Commission – Student Loan Discharge Recommendations

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in Bankruptcy

[ad_1] The American Bankruptcy Institute’s Commission on Consumer Bankruptcy issued its final report last week. This is the first in a series of articles about those recommendations. To see more information about the Commission, follow this link. As a commissioner, I can tell you that the subject of student loans in bankruptcy was probably the single most popular topic of suggestions to and discussions within the Commission. And the Commission took that to heart. Most critically, we recommended bankruptcy law be re-written to allow for more student loans to be discharged — or paid — in bankruptcy cases. The very first...

13 April

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5 Ways to Optimize Your Tax Refund

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[ad_1] With tax day right around the corner, you may be wondering how best to use your tax refund. The average refund, according to the latest IRS data, comes in at $2,873—a good chunk of money that could help you make some real headway on your financial goals. So what’s the best way to really optimize your refund? Let’s unpack the details. Here are five ways to help your tax refund pack the biggest punch and put you on the most solid financial ground. 1. Chip Away at Your Debt High-interest debt is a serious wealth killer, especially if you’re carrying balances from...

04 April

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Credit Card Reviews: Best Travel Rewards Credit Cards

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[ad_1] From the Mint team: Mint may be compensated if you click on the links to our issuer partners’ offers that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting. Mint Partners had no influence on the creation, direction or focus of this article unless otherwise specifically stated. There is little in life more thrilling than the feeling of a jet powering up for takeoff. But while travel may be fun, the cost of flights and hotels can turn even a...

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