You can get all the basics right and yet still break your budget. Researchers are beginning to discover why. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman How can people get their spending under control? Ask most people, and you’ll get the same answers. They should set budgets. Cut back expenses to better match […]
As Cognition Slips, Financial Skills Are Often the First to Go
As Cognition Slips, Financial Skills Are Often the First to Go APRIL 24, 2015 Francis, 84, with his daughter-in-law, Helen Clark. He has mild dementia, and his family says his former wife took advantage of him. Credit Max Whittaker for The New York Times By TARA SIEGEL BERNARD Submitted by New Jersey Bankruptcy Attorney, Lee […]
Why You Should Tell Your Children How Much You Make
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published here, by the New York Times. Scott Parker once withdrew his entire month’s salary in $1 bills in an effort to show his family the value of money. Credit Jim McAuley for The New York Times When Scott Parker wanted his six offspring to know […]
Are unpaid debts a military career-killer?
Military personnel who have trouble handling their personal finances can very quickly find their duty status, potential promotions and even military careers in jeopardy. And, over time, the lingering burden of debt can add stress to their personal relationships and damage their credit profile. But does that debt have to be a career-killer? Servicemembers, veterans […]
Bank Account Screening Tool Is Scrutinized as Excessive
By JESSICA SILVER-GREENBERG and MICHAEL CORKERY June 15, 2014 9:00 pm Originally published in the New York Times. Jake Naughton/The New York TimesCharlette Williams in Queens found that records of past bank overdrafts prevented her from opening a new account. In her early college years, when Charlette Williams started routinely mismanaging her finances and pushing […]
How to Protect Your Credit When You Marry Into Debt
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Originally published here. So you’ve got your financial act together, but your soon-to-be-spouse doesn’t. You love your partner, but you’ve worked hard to get your finances in order, and you don’t want to be responsible for their past mistakes. Here’s how you can protect yourself from […]
Class Field Trip Stops at a Local Pawnshop
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. READING, Ohio — The last time Brian Page had to file the paperwork to evict a tenant from a rental property he and his wife own, he noticed all the check-cashing services and pawn shops on his drive home from the courthouse. A clerk tipped him […]
Service Members Left Vulnerable to Payday Loans
Ivan Pierre Aguirre for The New York Times A business offering short-term loans near Fort Bliss in El Paso, Tex. Interest rates on such loans can reach as much as 80 percent. Petty Officer First Class Vernaye Kelly winces when roughly $350 is automatically deducted from her Navy paycheck twice a month. Month after month, […]
Your Kids And Money: Teaching The Value Of A Dollar
Originally posted by NPR What’s the point of an allowance? For Ron Lieber, personal finance writer for The New York Times, it’s a tool to help teach values and character traits like patience, moderation, thrift and generosity. And Lieber, who’s writing a book, , about kids, money and values, tells Morning Edition host Steve Inskeep […]
How Payday Lenders Escape State Crackdowns
Need money fast? Hope you don’t mind an annual interest rate of nearly 700 percent. By Paul Kiel on Wed. August 7, 2013 3:00 AM PDT Originally published at http://bit.ly/19eP4WD Thomas Hawk/Flickr This story first appeared on the ProPublica website and in the St. Louis Post-Dispatch. In 2008, payday lenders suffered a major defeat when […]
