Author: Kim Franke-Folstad

AutosFeaturedMoney

Is interest on your car loan tax deductible?

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  Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive …

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5 companies that offer credit card pre-approval

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  Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive …

FeaturedMoney

Pros & cons of buying a starter home

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Young people and professionals who are just starting out often opt to first buy a modest home at an affordable price. It sounds like a good …

Money

6 ways to organize your bills

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  Making sure all of your bills are paid on time every month can be a tedious and time-consuming task. But it’s also an important one. …

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A guide to getting through financial hardship

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If you’re suffering through a period of financial hardship—whether it was caused by a loss of income, a medical emergency or some other challenging situation—you’re not …

FeaturedHealth & FitnessMoney

How to negotiate medical bills

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Facing a staggering medical bill can feel overwhelming, but if you find yourself struggling to pay, don’t give up hope. You may be able to work …

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Strategies to lower your energy bill when working from home

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One of the obvious perks of working from home is the opportunity to cut some expenses. If you’re no longer commuting every day, cooking more instead …

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Should you ever use your 401(k) to pay down debt?

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You have debt. But you’ve also got a stash of cash in your 401(k). If you’re feeling overwhelmed by high-interest credit card balances, a student loan, and/or …

Money

4 financial new year’s resolutions your future self will thank you for

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  You can usually guess someone’s New Year’s resolution because it often involves losing weight, getting into better shape or cooking more nutritious meals.   Look, …

Money

3 common debt payoff strategies

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  In the U.S., debt is a reality for many Americans. According to the Federal Reserve’s most recent report, our total national household debt is $13.95 trillion. That’s …

Money

How to plan the ultimate debt payoff strategy

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  Debt often has a negative connotation, but there are plenty of good reasons to have it — for example, using student loans to increase your …

Money

Can you get your Sallie Mae loans forgiven?

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  The reality is that Sallie Mae student loans aren’t likely to evaporate into thin air. That’s because Sallie Mae is a private lender now. And despite …

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Should I pay off debt before buying a house?

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Ready to buy your own home? There’s a lot to consider, especially if this is your first time applying for a mortgage and you’re carrying debt. …

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Pros & cons of using a debit card online

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These days, debit cards are accepted almost everywhere credit cards are accepted, both in-person and online. And that can be a game-changer for consumers who are …

Mortgages

Can you lose your house with a reverse mortgage?

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For older Americans who may find they need more money in retirement, using a reverse mortgage to convert some of their home’s equity into cash can …

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The facts about getting audited

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Filing your taxes can be challenging enough for the average American taxpayer. (Especially if you ended last year owing to some money to Uncle Sam.) But …

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Where is my tax refund?

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It can be tough to tamp down your impatience while you’re waiting on an income tax refund, especially if you have plans for the money. The Internal Revenue …

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Popular monthly dividend stocks

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You might not guess it from the way many investors base their mood on the day-to-day movements of the stock market, but for most people, an investment …

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Do I need life insurance?

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If you’re trying to decide if you need life insurance, a good place to start might be to ask yourself: Would anyone be put at risk …

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Money management for college students

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Parents expect that their children will head off to college with concerns about fitting in, finding friends, and not failing classes. What they may not think …

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How does unemployment work?

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Millions of Americans who never imagined they’d be out of work—especially in what was until recently an incredibly hot job market—suddenly have been forced by the …

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How to budget for a baby

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Having a baby can fill your house with love. It also can take a toll on your finances. So while you’re obsessing about pink, blue, or …

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Is there such a thing as a safe investment?

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Stocks are predictably unpredictable. And yet, even the media pundits who are paid to talk us through those roller-coaster twists seem to be surprised when there’s …

FeaturedHealth & FitnessMoney

Average cost of medical school

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Did you declare you’d be a doctor someday back when you were just a little kid? Perhaps your parents bought you one of those toy medical …

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Tips for teaching your kids about investing

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People talk about improving financial literacy for kids, but few seem ready to do much about it. According to the Council for Economic Education, only one-third of states …

FeaturedHealth & FitnessMoney

Can medical bills affect your credit report?

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Medical costs can sneak up on you. They’re often confusing and even frustrating. Billing statements may be hard to read. So can an insurer’s explanation of …

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Exploring student loan forgiveness for nonprofit employees

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Public Service Loan Forgiveness. The unicorn of student debt. Its very existence is debated. Thousands of federal student loan borrowers pursue it. And for those who …

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5 ways to keep track of your expenses

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Why is it important to track your spending? Let us count the ways: It can help you set and meet your goals. It can give you …

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6 investment risk management strategies

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We take risks all the time Risk is everywhere, every day. Some people take steps to protect themselves and manage that risk. Others leave it up …

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US Recession History: Reviewing past market contractions

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From time to time, media outlets that cover financial news will report rumblings of a coming recession. And that can be a little nerve-jangling. The potential …

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7 ways to avoid monthly account maintenance fees

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Have you ever heard the old saying, “Penny wise and pound foolish”? It’s a little knock at folks who tend to be frugal about small expenditures …

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4 ways to pay for your child’s tuition

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If you’re a parent who has always dreamed of sending your child to college someday, you’re probably well aware that tuition costs have increased pretty drastically over the …

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How to save money from your salary

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Americans are notoriously bad at saving money. Not just in the traditional sense, for the big stuff we want, like a car, college, a home and …

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How much money should I spend on rent?

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Maybe you can’t afford to buy a house just yet. Maybe you prefer renting to buying. Or maybe you’re just waiting for the right home to …

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What percentage of income should I save?

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Putting a portion of every paycheck into savings can be an important step toward building financial security. Parents, financial professionals and TV pundits like to press …