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March 23, 2011
Choosing Your Financial Professional

Choosing your team of financial professionals, and especially those who may advise you on investment decisions, takes some careful planning and reference checking on your part. You need to have a very clear understanding of the services and associated costs when hiring a financial professional.

March 14, 2011
Family Income and Household Expenditure Patterns

Consumer household expenditure varies by the income group. Spending patterns also differ by age of household and work status. For example older workers allocate more to retirement, pension, and Social Security funds. US Department of Labor collects household expenditure data based on the income level. We have used two income groups (high - annual income - US$90,469 and medium - annual income US$39,100) to discuss expenditure patterns.

Consumer household expenditure varies by the income group. Spending patterns also differ by age of household and work status. For example older workers allocate more to retirement, pension, and Social Security funds. US Department of Labor collects household expenditure data based on the income level. We have used two income groups (high - annual income - US$90,469 and medium - annual income US$39,100) to discuss expenditure patterns.

February 25, 2011
Fixed Income Strategies

Your investment strategy should be driven by multiple factors, each of which deserve a careful thought. Personal goals, investment objectives, and the ability to assume risks are essential deliberations in constructing a sound investment strategy. Fixed income strategies may not sound appealing to most young people and one of the main reasons is the lack of education and/or information on fixed income securities and investments.

Fixed-income investments are securities that provide regular interest or dividend payments and, in many cases, a return of principal at maturity. Their primary objective is income with limited, if any, growth potential. Remember, the rate of return on a fixed-income investment can be fixed throughout its holding period (e.g., bonds) or can fluctuate with the general movement of interest rates (e.g., Series EE U.S. savings bonds and money market mutual funds). A good example of a variable interest rate is the money market account that you may have.

February 21, 2011
All About Auto Loans

Understanding Auto Loans
Almost 80% of all new car purchases are financed. So there are lot of players in car loan market. More than likely your dealer will offer you its own loan as well. But remember, even though your car loan is approved at car dealership, it is not issued by them. They just provided a service to connect you to a bank that offers car loans.

Almost 80% of all new car purchases are financed. So there are lot of players in car loan market. More than likely your dealer will offer you its own loan as well. But remember, even though your car loan is approved at car dealership, it is not issued by them. They just provided a service to connect you to a bank that offers car loans.

February 21, 2011
What Factors Affect Your Credit Score?

Credit rating systems all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO or a system based on FICO parameters, they all yield an industry standard three-digit score. 

Credit rating systems all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO or a system based on FICO parameters, they all yield an industry standard three-digit score. This score places the borrower in one of three main categories - Prime, Sub Prime and at Risk.

 

February 10, 2011
Successful Budget Planning

Anyone can create a budget but very few succeed in what they set out to do. One of the critical pieces of a successful budget planning is to clearly separate your "needs" and "wants".