Consumers can now freeze their credit for free under a new federal law.
“A credit freeze restricts access to your credit file, essentially halting anyone from opening any new credit in your name. The rules used to vary by state, but previously it could cost up to $10 to put a freeze in place. That fee often had to be paid again when someone wanted to unfreeze it for any legitimate uses.
“But under a new law that takes effect Friday, consumers anywhere in the U.S. can do so quickly and for free.
“Congress passed the law in response to last year’s massive Equifax hack, which exposed the private information of more than 145 million Americans.”
“Far too many people make bad choices when it comes to retirement. It’s the equivalent of choosing candy bars over the solid meal…
“How can we make better decisions for retirement planning? One principle is the knowledge that increasing saving over time will build a bigger nest egg. Here are three key moves that can lead to a better outcome”:
If you’ve never bought a home before, the whole process can seem a little confusing. One of the first things you have to figure out is whether you should get a fixed-rate or adjustable-rate mortgage. Most people choose the fixed-rate mortgage without even thinking about it, but there are situations where an adjustable-rate mortgage may be a better fit.
In today’s society, with so many demands on our money, retiring is a challenge.
“With so many money distractions, having a system to get on track to retire earlier — and stay on track — can help. A weekly money meeting, an appointment you keep with yourself or your partner if you have one, can be a great start. ” Ask yourself these questions and more (10 total from Forbes):
What do I want to do in five or ten years that I need to start saving for now?
What is a major financial goal that I would like to accomplish within the year?
What steps do I need to take right now to reach that goal?