gmcnutt's blog

The cost of a College education is rising each year.  I have 2 children, ages 2 and 7 and can only imagine what costs will be in 2028 and 2033. For example, The University of Alabama cost of attendance for the 2017-2018 academic year is estimated to be $30,184 for in-state students and $48,634 for out-of-state students.

Remember when a person's 65th birthday used to be a milestone.  Well, it still is of course, but that used to be the age at which your working days were over and your retirement began.  You said goodbye to your boss and co-workers and did not look back.

The total number of Bankruptcy filings in May of 2017 rose 5% over May of 2016.  The actual number filed in 2017 was 69,668, up from 66,138 cases filed in May of last year according to the American Bankruptcy Institute & Epiq Systems.

Commercial or Business Bankruptcy filings for the month of May also increased at a 5% clip to 3,572 up from 3,412 in May of 2016.

Following a Budget is absolutely critical to keeping your finances in check.  But, if you keep going over each month, you need to ask yourself why?  Here are several places that people spend throughout the year, but often do not realize it until too late.  Make sure these items are in your budget on a monthly basis so you are not caught overlooking them and allocating your money improperly.

According to legal publisher LexisNexis, approximately 45% of those living in the United States have a Will.  This is actually a pretty conservative number as other studies show numbers are even lower.  Younger people are even less likely to have a Will than older people.

The word Trust is defined as a firm belief in the reliability, truth, ability or strength of someone or something.  Common synonyms are confidence, belief, faith, certainty, assurance and reliance.  The type of Trust (Living Trust) I am going to be discussing today falls into the something category.  There are only two (2) types of Trusts, either revocable or irrevocable.

According to a recent article by the Montgomery Advertiser, 45 Alabama legislators are pushing a bill that would give the power to the people of Alabama to vote on whether payday loan interest rates in Alabama should be capped at 36%