Skip to content
myGPS Login
Finance
Using a credit card is as easy as swiping or tapping, but understanding how payments and interest work is key to staying out of debt
On the surface, using a credit card is easy; you just swipe, tap, or insert to pay. It’s important to understand how credit card payments and interest work too, so you can avoid large interest fees. The key to using a credit card responsibly is to pay off your balance in full each month. This…
Read MoreHow to Save Money
Across all personal finance websites, magazines and books, whether you listen to a big-wig guru or consult with a financial advisor, the most common advice you’re bound to hear is “save your money!” It’s not because anyone thinks you should sit on a pile of cash and never touch it, but because it is impossible…
Read MoreLoaning friends and family money? Here’s how to avoid the awkwardness
While you might be anticipating a dreadful conversation about the state of American politics with your cousin, before or after all of the ballots are counted, there’s an even more awkward conversation lying in wait: money. Perhaps a family member has a great idea and needs some early funding to get their business off the…
Read More5 credit mistakes that can haunt you
Almost all of us make a credit mistake from time to time, but some of them have a lot of staying power Some credit mistakes are a lot worse than others. Little ones, like paying a credit card bill a day late, may cost you a penalty fee, but that’s a relatively minor irritation —…
Read More3 Moves to Ensure You’re a Retirement Multimillionaire
Here’s a three-step strategy to retire as a multimillionaire. When it comes to retiring with a seven-figure nest egg, there are some circumstances that aren’t easy to control. For example, if you earn $50,000 per year, it will be tougher for you to retire as a multimillionaire than it will be for someone who earns…
Read More10 Books Warren Buffett Thinks You Should Read
Because a few fresh perspectives, and fresh strategies, may be all you need. One of my favorite things to do is ask writers whose books I love to list a few books they love; it’s a great way to get excellent recommendations. The same applies where business is concerned. If you’re a fan of Warren Buffett‘s, then reading…
Read More7 Must-Have Money Conversations You Need to Have Before Getting Hitched
On the first date, you discuss splitting the bill. Soon, you’re planning your first vacation together. Before you know it, you’re engaged and planning a wedding. If you haven’t already, it’s time to have the money talk. Financial things to talk about before getting married Yes, talking about money can be heavy, but it’s important…
Read MoreThe ‘Stretch IRA’ Estate Planning Strategy Is Gone. Here Are 4 Other Options.
The Covid-19 era is a mess, and we’re still in the middle of it. But life goes on. So, let’s be more open to doing what we would do in more normal times. What I normally do is give tax advice. Here’s some updated estate planning advice for well-off folks to consider. Evaluate “stretch…
Read MoreHere’s how the pandemic has upended the financial lives of average Americans: CNBC + Acorns survey
From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. While millions are still unemployed and many have seen their emergency savings run dry, it isn’t all necessarily negative. Many are saving more and spending less. In fact of those surveyed in a new CNBC + Acorns Invest in You survey,…
Read MoreI opened my first credit card 5 years ago—here are the top 5 rules I live by to responsibly manage my finances
I opened my first credit card five years ago and have added more to my wallet as my credit score improved. Here are the rules I follow. Many people celebrate wedding and work anniversaries, but one thing you may not think to reflect on is the anniversary of your first credit card. I recently…
Read More