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Parents have trouble saving because of mortgage payments, Bankrate survey finds | Latest News

Parents have trouble saving because of mortgage payments, Bankrate survey finds

More than 1 in 3 mortgages has a "major impact" on the borrower's ability to save. That number jumps to 51 percent for parents who have mortgages. That's according to Bankrate's Money Pulse survey for February. SEARCH RATES: Know how much you can ... read more

25 Ways to Improve Your Finances in 2014

Financial therapist Bari Tessler Linde says many people have trouble thriving in their current financial lives because they're still ... down to groceries and his mortgage, he managed to squeeze out continuing savings. 7. Take advantage of new shopping ... read more

How to Help Your Adult Kids Buy a Home

Accumulating a down payment and closing costs and qualifying for a mortgage have always been hurdles for first-time home buyers. But lately it’s been tougher for many young people to save enough, partly because ... Hill finds that parents often balk ... read more

Five Money Moves Every Couple Should Make | TIME

What upset her most was not that their mortgage payments would go up 50%, but that Ron acted without her: “I should have been part ... and 91% of boomers in MONEY’s survey say they are in agreement with their partners on saving for retirement. read more

Most Americans Are $1,000 Away From Financial Ruin: Report

A new survey ... a payment plan or borrow money to mitigate the cost. What's the answer if you have trouble saving? Well, more money to begin with, reports MarketWatch, along with cutting expenses. More money and education can help. The latest Bankrate ... read more

Many adult children wreck their parents’ finances by doing this

Parents often do this to help their adult children — who may have a short or even shoddy credit history — buy something like a car (this is the most common), qualify for a mortgage ... bill because the primary borrower didn’t pay it, the survey ... read more

Help your aging parents

Your parent might have forgotten to pay utility bills ... in part because having a neutral third party can defuse family tensions. But don't count on this person to sound the alarm if your parents are having trouble. A survey of advisers by Fidelity ... read more

Should Parents Have To Pay For Summer School?

A debate that started at last week's Melrose School Committee meeting over parents paying ... but may have financial difficulty, is supported by the district to make attendance possible. LaRock brought up a 2009 survey regarding summer school fees ... read more

Majority of homeowners in UK to be mortgage-free within THREE years

Most homeowners in Britain will not have a mortgage ... a large mortgage, are forced to rent or to live with their parents. The phenomenon is also being fuelled by homeowners taking advantage of the lowest interest rates in history to pay down their ... read more

Parents not saving enough for kids' education

NEW YORK — A lot of American parents seem to think they don't have to worry about saving for their children's college education because the kids will get through ... He added that "there are only three ways to pay for college _ before, during and ... read more
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